Potential Liability definition

Potential Liability means a liability to or claim for Taxation or a non-availability, loss, reduction or cancellation of any Relief which may result in a claim against the Seller under this Schedule, or which may do so if paragraph 7 of Schedule 5 were not to apply, or any matter which may result in a claim against the Seller for breach of a Tax Warranty;
Potential Liability means a liability to or claim for Tax which may result in a claim against the Sellers under this Schedule, or which may do so if paragraph 3 of this Schedule were not to apply;
Potential Liability has the meaning given in paragraph 1.1 of Schedule 7 (Tax);

Examples of Potential Liability in a sentence

  • Concerning Notice of Potential Liability at Nyanza Chemical Waste Dump with attached list of Potentially Responsible Parties.

  • In the event of non-payment by the Owner, the Owner will also be liable to pay interest on the sums due and all expenses reasonably incurred by the Association, including court expenses and the registration dues on any Notice of Potential Liability for Payment and Discharge of a Notice of Potential Liability for Payment.

  • Prior to the Date of Entry the Seller will provide full details of any common repairs in respect of which a Notice of Potential Liability for costs has been or is to be registered.

  • See "Business." Potential Liability and Insurance Natural gas operations are subject to certain risks, including explosions, uncontrollable flows of gas or well fluids, fires, pollution and other environmental risks.

  • Prior to the Date of Entry the Seller will provide full details of any common repairs in respect of which a Notice of Potential Liability for Costs has been or is to be registered.


More Definitions of Potential Liability

Potential Liability means any obligation or other liability of the Company (whether due or to become due) of any nature that is not an Accrued Liability, including (i) any such obligation or other liability that is undetermined in dollar amount or that is unliquidated, unmatured or contingent in nature and (ii) any such obligation or other liability that exists or may arise in connection with any of the matters reflected in the Projected Cash Disbursement Schedule or in connection with any Company Contract or (iii) any such obligation or other liability that exists or may arise in connection with any claim, Legal Proceeding (other than that certain Legal Proceeding captioned M&B Xxxxx Family Limited Partnership of 1996 vs. Xxxxxx X. Xxxxx, et al., Civil Action No. 20303-NC, in the Court of Chancery of the State of Delaware, except to the extent there shall have been a material adverse development in such Legal Proceeding or any material adverse expansion in the claims or causes of action included in 6. such Legal Proceeding) or other event or circumstance that could give rise to an Accrued Liability or a liability of the type described in clause "(i)" or clause "(ii)" of this sentence.
Potential Liability means a liability to or claim for Taxation or a non-availability, loss, reduction or cancellation of any Relief which may result in a claim against the Seller under this Schedule, or which may do so if paragraph 5 of Schedule 5 were not to apply, or any matter which may result in a claim against the Seller for breach of a Tax Warranty; Purchaser’s Group, for the purposes of this Schedule only, means the Purchaser and those companies (other than a Group Company) which may be treated for relevant Taxation purposes as being, or as having at any time been, either a member of the same group of companies as the Purchaser or otherwise associated with the Purchaser;
Potential Liability means a liability to or claim for Tax which may result in a claim against the Seller under Schedule 13 (Tax Arrangements);
Potential Liability means (i) an environmental condition identified in the Environmental Assessment of or on a particular property owned, leased or operated by QSI or a QSI Subsidiary or (ii) any other condition, fact or item identified by Key in the course of its inspection of QSI pursuant to Section 5.1.5 hereof with respect to any SWD Well that, in either case, would make a representation or warranty contained in Sections 3.1.8.17, 3.1.8.18, 3.1.17 (including all subparagraphs thereto) and 3.1.20 hereof untrue in any respect.
Potential Liability means any liability (howsoever caused) of TTL to the PASS Agent (including any liability for the acts and omissions of TTL’s employees, agents (including but not limited to the Managing Agent or sub-contractors) in respect of any breach of TTL’s Obligations (including without limitation any failure or delay in the supply of the services by TTL or on the part of TTL’s employees, agents or sub- contractors) whether such liability arises in contract (by way of indemnity or otherwise), tort (including but not limited to negligence), breach of statutory duty, restitution or otherwise; and
Potential Liability means a liability to or claim for Tax which may result in a claim against the Seller under this Schedule 7, or which may result in a claim against the Seller for a breach of a Tax Warranty;
Potential Liability means any liability (howsoever caused) of the University to you (including any liability for the acts and omissions of the University’s employees, agents or sub-contractors) in respect of any failure of the University to comply (whether by act or omission) with the University‘s Obligations (including without limitation any failure or delay to grant any licence pursuant to this Licence by the University or on the part of the University’s employees, agents or sub-contractors) whether such liability arises in contract (by way of indemnity or otherwise), tort (including negligence), breach of statutory duty, restitution or otherwise.