Liability Transfer definition

Liability Transfer means the transfer of liabilities to, and the assumption of liabilities by, VelocityHSI as described in Section 2.3 hereof.
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Liability Transfer means the transfer of liabilities to, and the assumption of liabilities by, VelocityHSI as described in Section 2.3 hereof. "Permits" shall mean any and all permits, legal status or orders under any Legal Requirement or otherwise granted by any Governmental Authority.
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Examples of Liability Transfer in a sentence

  • If the DRE assigns any of its responsibilities to a Liability Transfer Corp.

  • No action by any other Party is necessary for the Liability Transfer Corp.

  • BRE intends that the Asset Transfer and Liability Transfer shall constitute a contribution (the "Contribution") under Section 351 of the Internal Revenue Code of 1986, as amended (the "Code").

  • The GM HRP actuary shall be entitled to review the calculations of the Net Liability Transfer to confirm their reasonableness and accuracy.

  • The Net Liability Transfer shall be determined separately with respect to each 414(l) transfer.

  • Within ten (10) days after the date the True-up Amount is determined, the Delphi actuary shall calculate the actual amount of the Net Liability Transfer using the actuarial assumptions and methods described above.

  • BRE desires to effect the Asset Transfer and Liability Transfer (as those terms are defined in this Agreement) to VelocityHSI in exchange for 10,432,752 shares of common stock of VelocityHSI, par value $.01 per share (the "Shares"), representing 100% of the outstanding shares of VelocityHSI.

  • In the event that the Internal Revenue Service (“IRS”) determines subsequent to the Second Transfer Date that Delphi is required to make an additional contribution to the Delphi HRP in respect of transferred benefit liabilities in the Second Net Liability Transfer, then GM shall reimburse Delphi the amount of such contribution and Delphi shall cause a transfer of such amount from the Delphi HRP to the GM HRP as an additional part of the Second Net Liability Transfer.

  • GM or Delphi shall pay, within ten (10) days after determination of the Net Liability Transfer, to the other party the difference between the Net Liability Transfer and $1.5 billion, plus applicable interest.

  • The closing of the Reorganization shall take place on the Effective Date (such date being defined herein as the “Closing Date: and such even, the “Closing”), provided that the effective date of the Asset Right and Liability Transfer shall be January 1, 2012 for all purposes.