Potential Liability definition

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;

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Potential Liability has the meaning given in paragraph 1.1 of Schedule 7 (Tax);

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 3 of Schedule 6 were not to apply, or any matter which may result in a claim against the Seller for breach of a Tax Warranty;

Examples of Potential Liability in a sentence

• 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.

• 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.

• Notwithstanding the generality of the foregoing, if security has been provided in respect of a Potential Liability which is attributable to an accounting period and the Lessor's and Lessor Agent's Corporation Tax computation for that period is treated as agreed or determined in accordance with the provisions of this clause 25.5, the Lessor shall release such security to the extent that it exceeds the actual Corporation Tax, as so determined or agreed, relating to that accounting period.

• In addition, the company received a Notice of Potential Liability and Request to Perform RI/FS dated June 30, 2000, from USEPA.

• Defendant will also provide the dates of employment and estimated Total Drive Miles and Total Drive Time (as calculated by Resolution Economics, Defendants’ expert labor economists, which Class Counsel and the Final Settlement Class Members accept as accurate for purposes of this Settlement) for each Settlement Class Member during the Potential Liability Period (taking into account the different periods applicable to the ▇▇▇▇▇▇/Ford Participants and the other Settlement Class Members).

• The provisions of paragraphs 6 (Recovery from Other Persons) and 7 (Conduct of Tax Affairs) of Part 1 of Schedule 4 shall mutatis mutandi apply to any claim for breach of the Tax Warranties as if set out in this schedule and, for these purposes, a "Potential Liability" shall include a potential liability for a claim for breach of Tax Warranty.

• There are administrative costs associated with the registration, re-registration and discharge of a Notice of Potential Liability, all are recoverable from the owner.

• If the Buyer or any Group Company becomes aware of a Potential Liability of which the Sellers are not then aware the Buyer shall give written notice thereof to the Sellers (which notice shall set out reasonable particulars of the basis and amount of such Potential Liability to the extent that the same are available) as soon as reasonably practicable and in any event within 25 Business Days of first so becoming aware.

• If the Seller does not control any proceedings taken in connection with a Disputed Potential Liability, or if it does but the relevant Tax Authority continues to correspond or deal directly with the Company or the Purchaser, the provisions of this paragraph 3.3 of this Part shall apply mutatis mutandis to the Purchaser which shall be required to procure that the above actions are carried out with respect to the Seller.

• If the Company Seller disputes that the Potential Liability is a Covered Liability, the Parties will attempt to resolve the dispute in accordance with Section 13.10 prior to filing any legal proceeding in accordance with Section 13.6.

More Definitions of Potential Liability

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 (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 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.

Potential Liability means, as of any date, the amount that is the sum of :

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 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 ▇▇▇▇▇ Family Limited Partnership of 1996 vs. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, 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.