Settlement Liabilities definition

Settlement Liabilities means the amount due to a gaming establishment customer for the cash disbursed to a patron completing a financial access transaction offered by the Borrower or its Subsidiaries and classified as settlement liabilities in accordance with GAAP.
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Settlement Liabilities means in the case of each of the Issuer or any of its Subsidiaries:
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Settlement Liabilities means in the case of each relevant member of the Group:
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Examples of Settlement Liabilities in a sentence

  • New NGC will reimburse HII for any Settlement Liabilities of NGC described in Section 8.7(c) and paid or to be paid to any Governmental Authority by HII upon presentation of documentation deemed adequate by HII and New NGC.

  • HII will reimburse New NGC for any Settlement Liabilities of HII under Section 8.7(b) and paid or to be paid to any Governmental Authority by New NGC upon presentation of documentation deemed adequate by New NGC and HII.

  • HII is responsible for the settlement of and the consequences of any Settlement Assets or Settlement Liabilities associated with costs and pricing incurred prior to the Distribution by the Shipbuilding Business for government contracts, including those arising from Allowable Cost Audits, but not including those Settlement Assets and Settlement Liabilities covered by Section 8.7(c).

  • HII is responsible for the settlement of and the consequences of any Settlement Assets or Settlement Liabilities associated with costs and pricing incurred prior to the Distribution by the Shipbuilding Business for government contracts, including those arising from Allowable Cost Audits for work in support of other NGC entities, but not including those Settlement Assets and Settlement Liabilities covered by Section 8.7(c).

  • In the event that on the Closing Date the Settlement Liabilities exceed the Settlement Amount, the Company shall be responsible for such excess and such excess shall constitute Retained Liabilities.

  • The parties agree that all indebtedness of the Company owed to GE described on SCHEDULE 1.3 and all Settlement Liabilities shall not constitute Current Liabilities.

  • From and after the Closing Date, the Company shall keep the Retained Assets and shall satisfy when due (unless the Company in good faith is disputing a specific liability or attempting to settle a specific liability) all Retained Liabilities and Settlement Liabilities.

  • At the Closing, (i) the Initial Purchase Price shall be paid by the Purchaser to the Company by issuing Common Stock to the Members in accordance with Section 1.5(b); (ii) the Purchaser shall assume the Assumed Liabilities pursuant to the provisions of Section 1.3; and (iii) the Purchaser shall provide the Settlement Amount set forth in Section 1.4 to pay, or satisfy the obligation to pay, the Settlement Liabilities in accordance with the provisions of Section 1.4.

  • The Company shall have settled, discharged, satisfied, paid off in full, or made agreement or arrangements with respect to the foregoing, the Settlement Liabilities pursuant to the provisions of SECTION 1.4 on or prior to the Closing Date.

  • The parties acknowledge and agree that prior to the Period, the Company has been working to resolve the Settlement Liabilities.

Related to Settlement Liabilities

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Identified Contingent Liabilities means the maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities of the Borrower and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of the Borrower.

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;