FUB Liabilities definition
FUB Liabilities is defined in Section 2.4.
Examples of FUB Liabilities in a sentence
On or before July 2, 2003, Buyer shall cause all of the Companies' liabilities to First Union Bank that exist on the date of the Final Closing (the "FUB Liabilities") and that are set forth in SCHEDULE 2.4, to be replaced, cancelled or paid in full and shall have removed as guarantors of the FUB Liabilities the Shareholders and any of their affiliates that were listed as guarantors of the FUB Liabilities on the date of the Final Closing (the "Collateral Releases").
Buyer shall have each Shareholder and any of their Affiliates released from the FUB Liabilities and shall deliver the Collateral Releases to Sellers on or before July 2, 2003.