Definition of Post Management Date Seller Known Liabilities


Post Management Date Seller Known Liabilities means liabilities (whether known or unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, due or to become due) which relate to acts, inactions, facts or circumstances arising on or after the Management Date provided that it is established by affirmative evidence that such acts, inactions, facts or circumstances are, as of the Closing Date, Known to Seller and not Known to Buyer. This definition shall not be interpreted as limiting the obligations of Seller for liabilities defined in subparagraph (a) of the definition of Excluded Liabilities.
Sample 1

Examples of Post Management Date Seller Known Liabilities in a sentence

Notwithstanding anything to the contrary set forth in this Section 4, the foregoing representations and warranties shall not be deemed to have been breached (A) in the event that Buyer had Knowledge of the facts giving rise to the breach of the representation and warranty or (B) to the extent such breach of the representation and warranty relates to acts, inactions, facts or circumstances arising on or after the Management Date unless such breach relates to Post Management Date Seller Known Liabilities.