Excepted Liabilities definition

Excepted Liabilities means (i) any liabilities or obligations of Utility, Development or Xxxxxxxx, or the Company Subsidiaries, that arise out of any of the following liabilities or obligations incurred by Utility, Development or Xxxxxxxx, or the Company Subsidiaries, as the case may be, prior to the Closing Date: (1) any liability or obligation of Utility, Development or Xxxxxxxx, or the Company Subsidiaries, that is allocable to the right of Utility, Development or Xxxxxxxx, or the Company Subsidiaries, as the case may be, to receive property, services or other benefits on or after the Closing Date (excluding any obligation of Kaanapali Water Corporation to indemnify Maui Pineapple Limited in connection with that certain letter of understanding dated May 18, 1999), (2) any liability or obligation of Utility, Development or Xxxxxxxx, or the Company Subsidiaries, to repay the $11,500,000 owed to third parties as reflected on the June 30, 2002 Balance Sheet as well as any indebtedness incurred as permitted by Section 6.1, and (3) any liability or obligation of Utility, Development or Xxxxxxxx, or the Company Subsidiaries, to make any expenditure under any Contract, settlement agreement or consent order, including, without limitation, those disclosed in the Environmental Whitepaper, to which Utility, Development or Xxxxxxxx, or the Company Subsidiaries, is a party, pursuant to any order, rule or regulation of any Governmental Authority by which Utility, Development or Xxxxxxxx, or the Company Subsidiaries, or any of their assets, is bound, as listed in the Seller Disclosure Schedule, or if not required to be listed in the Seller Disclosure Schedule, or if entered into in compliance with Section 6.1 or otherwise in the ordinary course of business, (ii) with respect to the Integrated Assets, any liabilities or obligations of the Seller that arise out of any of the following liabilities or obligations incurred by the Seller prior to the Closing Date: (1) any liability or obligation that is allocable to the right of the owner of the Integrated Assets to receive property, services or other benefits in respect of the Integrated Assets on or after the Closing Date, (2) any liability or obligation to repay the $11,500,000 owed to third parties as reflected on the June 30, 2002 Balance Sheet as well as any indebtedness incurred as permitted by Section 6.1, and (3) any liability or obligation to make any expenditure in respect of any Integrated Asset under any Contract, settlement agreeme...

Excepted Liabilities means any cost, expense or other liability incurred by any Covenantee in acting or omitting to act in a manner in which the trustee is not entitled to the protection of the exclusion of liability provisions contained in the Trust Deed.

Excepted Liabilities means any loss to any of the Covenantees, the Trust Fund or the income of the Trust Fund arising by reason of any act or omission of any Covenantee that amounts to

Examples of Excepted Liabilities in a sentence

• Notwithstanding Section 8.3(c), the General Indemnification Cap shall not apply to Losses (i) under Section 8.3(a)(vi) and 8.3(a)(vii) with respect to Tax matters and with respect to any matter relating to employees or employee benefits or (ii) to Losses under Section 8.5 with respect to Environmental Liability (collectively, the "Canadian Seller Excepted Liabilities").

• Notwithstanding Section 8.2(d), the General Indemnification Cap shall not apply to Losses (i) under Section 8.2(a) with respect to Tax matters, including Losses under Sections 8.2(a)(i) or (a)(iv) that relate to Tax matters; or (ii) with respect to any Environmental Liability (which is dealt with exclusively in Section 8.4 and 8.5); or (iii) under Section 8.2(a)(i) or 8.2(a)(vi) with respect to any matter relating to employees or employee benefits (collectively, the "Excepted Liabilities").

• CEC Liabilities: ULC shall assume and pay as they become due: (a) All liabilities [other than Excepted Liabilities as hereinafter defined), of CEC disclosed on its financial attached hereto as Exhibit A that remain unpaid on the Closing Date, including specifically the unpaid balance of a promissory note owed to the Amalgamated Trust and Savings Bank of Chicago secured by a first mortgage on the real property of CEC.

• The FCC in the USA already require testing of emissions at 5 times the highest clock frequency, or 40GHz, whichever is the lower.

More Definitions of Excepted Liabilities

Excepted Liabilities has the meaning specified in Section 11.

Excepted Liabilities shall have the meaning given to such term in Section 8.2(e).

Excepted Liabilities means the liability of the Supplier for:

Excepted Liabilities means: REDACTED;

Excepted Liabilities has the meaning set forth in Section 2.6.3.4(b).

Excepted Liabilities has the meaning given to it in Clause 8.1.2;

Excepted Liabilities the Liabilities, subject to the limitations set forth in Section 2.01(c), relating to any of the Unistar Businesses that accrue before the Separation Date and are described on Schedule I. Exchange Act: the Securities Exchange Act of 1934, as amended.