Undisputed Specified Liability definition

Undisputed Specified Liability has the meaning set forth in Section 2.2(a)(ii).
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Undisputed Specified Liability means a Specified Liability to the extent that the applicable Seller Company has not delivered a written notice or claim to the Person to whom such Seller Company is liable or obligated asserting that the amount of such Specified Liability is other than the amount set forth on Schedule 2.2(a)(ii);
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Examples of Undisputed Specified Liability in a sentence

  • Each Specified Liability shall be deemed to be an Undisputed Specified Liability for all purposes of this Agreement unless prior to the First Closing the Seller Companies provide the Purchasers with written evidence to the contrary, in which case the Purchasers in their sole discretion may elect to assume or not assume such disputed Specified Liability.

Related to Undisputed Specified Liability

  • Indemnified Liability means any and all claims, damages, liabilities, costs, losses, and expenses (including reasonable attorneys’ fees and all related costs and expenses) arising from or relating to any claim, suit, proceeding, demand, or action brought by an Indemnified Party against you or a third party or other User.

  • Specified Liabilities shall have the meaning set forth in Section 2.1.3.

  • Indemnified Liabilities has the meaning specified in Section 10.05.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.