Liabilities and Obligations definition

Liabilities and Obligations means any indebtedness, claim, obligation or liability of any kind or nature whatsoever, whether absolute or contingent, liquidated or unliquidated, due or to become due, accrued or not accrued, or otherwise.

Liabilities and Obligations means any direct or indirect indebtedness, lease obligation, guaranty, endorsement, claim, loss, damage, deficiency, cost expense, obligation or responsibility, fixed or unfixed, known or unknown, asserted or unasserted, xxxxxx or inchoate, liquidated or unliquidated, secured or unsecured, whether arising in contract, tort or otherwise, whether now existing or hereafter arising.

Liabilities and Obligations means the following: (i) the due and prompt payment by Borrower of: (x) the principal of and interest at the rate specified in the Loan Agreement on the Loans, when and as due, whether at scheduled maturity, date set for prepayment, by acceleration or otherwise, and (y) all other monetary obligations of Borrower to Lender under the Loan Documents, when and as due, including fees, costs, expenses (including, without limitation, reasonable out-of-pocket fees and expenses of counsel incurred by Xxxxxx in enforcing any rights under this Guaranty or any other Loan Document), contract causes of action and indemnities, whether primary, secondary, direct or indirect, absolute or contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding); and (ii) the due and prompt performance of all covenants, agreements, obligations and liabilities of Borrower and Guarantor under or in respect of the Loan Documents. E. “Note” shall mean that certain Xxxxxxx and Restated Promissory Note dated as of the date of this Guaranty by and between Borrower and Lender in the original principal amount of $5,500,000.00, as amended, restated, supplemented or otherwise modified from time to time. 4.

Examples of Liabilities and Obligations in a sentence

• Bank shall not be bound to take any steps necessary to preserve any rights in any property pledged as collateral to Bank to secure Borrower and/or Guarantor's Liabilities and Obligations as against prior parties who may be liable in connection therewith, and Borrower and Guarantor hereby agree to take any such steps.

• Normally when A does not trust B, A is not going to do business with B.

• Notwithstanding any provision in this Agreement or any other Transaction Document or writing to the contrary, Buyer is accepting the purchase and assignment of only the Assigned Rights and is not assuming any Excluded Liabilities and Obligations.

• The undertakings of Guarantor hereunder are independent of the Liabilities and Obligations of Borrower and a separate action or actions for payment, damages or performance may be brought or prosecuted against Guarantor, whether or not an action is brought against Borrower or to realize upon the security for the Liabilities and/or Obligations, whether or not Borrower is joined in any such action or actions, and whether or not notice is given or demand is made upon Borrower.

• The Liabilities and Obligations shall be conclusively presumed to have been created in reliance on this Guaranty.

More Definitions of Liabilities and Obligations

Liabilities and Obligations means outstanding claims, outstanding liabilities and obligations under life insurance contracts that are not included in the reserves.

Liabilities and Obligations means all known or unknown losses, liabilities and obligations, including any and all claims for Damages.

Liabilities and Obligations means any indebtedness, claim, --------------------------- obligation or liability of any kind of Seller.

Liabilities and Obligations means any indebtedness, claim, obligation or liability of any kind or nature whatsoever, whether absolute or contingent, known or unknown, liquidated or unliquidated, due or to become due, accrued or not accrued, or otherwise.

Liabilities and Obligations means any direct or indirect liability, --------------------------- indebtedness, obligation, expense, claim, deficiency, guaranty or endorsement of or by any person (other than endorsements of notes, bills and checks presented to banks for collection or deposit in the ordinary course of business) of any type, whether accrued, absolute, contingent or other and whether or not appropriately reflected or reserved for on financial statements prepared in accordance with generally accepted accounting principles.

Liabilities and Obligations means all wholly or partly undischarged or wholly or partly unperformed liabilities and obligations (and all claims arising from them) whenever, whatsoever and howsoever arising in connection with the Transferor’s SO Role under the STC Agreements (in each case whether known or unknown, actual, accrued, future, contingent or prospective, and whether arising in statute, contract, tort or otherwise) which immediately before the Transfer Date attach to the Transferor or which after the Transfer Date would have attached to the Transferor in the absence of this Agreement;

Liabilities and Obligations also include but are not limited to, any liability for property damage, death or personal injury suffered after the Closing Date.