Omitted Liability definition

Omitted Liability is defined in Section 1.8(b).
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Omitted Liability has the meaning set forth in Section 2.9(b).
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Omitted Liability has the meaning set forth in Clause 5.2 of this French Asset Purchase Agreement
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Examples of Omitted Liability in a sentence

  • Promptly following its delivery or receipt of an Omitted Liability Notice, Parent shall cause the Buyers to assume such Omitted Liability, at no cost to the Willtek Group or the Company and in a manner mutually agreeable to the Company and the Buyers, as promptly as practicable after the Buyers delivers or receives the Omitted Liability Notice.

  • From the time such Omitted Asset or Omitted Liability is discovered until such time as it is transferred to the proper Party or its designated assignee, Section 1.7(b) shall apply mutatis mutandis.

  • Upon execution of such assignment or assumption, the Omitted Asset or Omitted Liability, as applicable, will automatically and immediately be deemed to be included in and constitute a Purchased Asset or Assumed Liability, as applicable and without the need for any additional consideration, and any failure to deliver an Omitted Asset or assume an Assumed Liability at Closing will not, in and of itself, constitute a breach of this Agreement if and to the extent such omission is fully cured.