PDD Liabilities definition
PDD Liabilities means all (a) Liabilities of the PDD Group under this Agreement and (b) except as otherwise specifically provided herein or in any Ancillary Agreement, other Liabilities, whether arising before, on or after the Distribution Date, of or relating to the PDD Group or arising from or in connection with the conduct of the PDD Business or the ownership or use of assets in connection therewith, including any Liabilities under the provisions of any joint agreement assigned to the PDD Group pursuant to Section 1.6(c). Notwithstanding the foregoing, “PDD Liabilities” shall exclude (i) any Liabilities for taxes (which are governed by the Tax Agreement), (ii) any Liabilities specifically retained or assumed by Pharmacopeia pursuant to this Agreement, and (iii) the Liabilities set forth on Schedule 6.44 hereto.
Examples of PDD Liabilities in a sentence
As of the Distribution Date, PDD hereby agrees to assume and discharge all of the PDD Liabilities.
Notwithstanding the foregoing, "PDD Liabilities" shall exclude (i) any Liabilities for taxes (which are governed by the Tax Agreement) and (ii) any Liabilities specifically retained or assumed by Pharmacopeia pursuant to this Agreement.