Liability definition

Liability means any liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

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Liability means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.

Liability means, with respect to any Person, any liability or obligation of such Person of any kind, character or description, whether known or unknown, absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise, and whether or not the same is required to be accrued on the financial statements of such Person.

Examples of Liability in a sentence

• Notwithstanding anything to the contrary in Section 7 (Standard of Care; Limitations of Liability; Indemnification) of the Agreement, BNY Mellon shall be liable for Liabilities sustained or incurred in connection with the aforementioned service in an amount in the aggregate in each twelve (12) month period no more than three (3) times the fees received by BNY Mellon for such aforementioned service with respect to such twelve (12) month period.

• No Benefit Plan, fiduciary of any Benefit Plan or administrator of any Benefit Plan has taken any action, or failed to take any action, which action or failure could reasonably be expected to subject any Seller to any Liability for breach of any fiduciary duty, any penalty under Section 502 of ERISA or for any prohibited transaction (as defined in Section 4975 of the Code), with respect to or in connection with any Benefit Plan.

• Since January 1, 2023, there have not been and there are currently no Actions pending or, to Sellers’ Knowledge, threatened in law or in equity or before any Governmental Authority against any Seller or any of its properties, assets, officers or directors that would reasonably be expected to result in any Liability for any Seller, except as would not, individually or in the aggregate, reasonably be expected to be material to the Business and the Purchased Assets, taken as a whole.

• Will Gray II Title: CEO Reference is hereby made to the Limited Liability Company Agreement, dated January 21, 2025, as amended from time to time (the “LLC Agreement”), among SharonAI, Inc., a Delaware corporation (“SharonAI”), New Era Helium Inc., a Nevada corporation (“NEHC”) and Texas Critical Data Centers LLC, a Delaware limited liability company (the “Company”).

• The Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporate Taxpayer for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, determined using a “with and without” methodology.

More Definitions of Liability

Liability means any direct or indirect liability, indebtedness, obligation, expense, claim, loss, damage, deficiency, guaranty or endorsement of or by any Person, absolute or contingent, accrued or unaccrued, due or to become due, liquidated or unliquidated.

Liability means any direct or indirect, primary or secondary, liability, indebtedness, obligation, penalty, cost or expense (including costs of investigation, collection and defense), claim, deficiency, guaranty or endorsement of or by any Person (other than endorsements of notes, bills, checks, and drafts presented for collection or deposit in the ordinary course of business) of any type, whether accrued, absolute or contingent, liquidated or unliquidated, matured or unmatured, or otherwise.

Liability means any liability or obligation of any nature, whether accrued, contingent or otherwise.

Liability means any liability, debt, obligation, deficiency, Tax, penalty, assessment, fine, claim, cause of action or other loss, fee, cost or expense of any kind or nature whatsoever, whether asserted or unasserted, absolute or contingent, known or unknown, accrued or unaccrued, liquidated or unliquidated, and whether due or to become due and regardless of when asserted.

Liability means any debt, liability, commitment or obligation of any kind, character or nature whatsoever, whether known or unknown, ▇▇▇▇▇▇ or inchoate, secured or unsecured, accrued, fixed, absolute, contingent or otherwise, and whether due or to become due.

Liability or “Liabilities” means any direct or indirect liability, indebtedness, obligation, cost, expense, claim, loss, damage, deficiency, guaranty or endorsement of or by any Person, absolute or contingent, matured or unmatured, asserted or unasserted, accrued or unaccrued, due or to become due, liquidated or unliquidated.

Liability means any liability or obligation whether accrued, absolute, contingent, unliquidated or otherwise, whether due or to become due, whether known or unknown, and regardless of when asserted.