VB Obligations definition
VB Obligations means any and all obligations, liabilities and indebtedness of a vendor and/or builder to Tarion under the ONHWP Act, any agreement with Tarion, Builder Bulletins or otherwise, including without limitation, all amounts Tarion pays out to resolve a vendor or builder’s warranty obligations, as well as statutory administration fees and interest (whether or not actually incurred) and other third party costs including legal fees on a substantial indemnity basis in enforcing this Agreement.