Liabilities and payments Sample Clauses

Liabilities and payments. Save to the extent (if any) to which provision or allowance has been made in the Accounts:
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Liabilities and payments. 7.1 Unless otherwise specified in this Agreement, the Parties shall be primarily liable to each other on a pro rata basis, secondarily jointly and severally liable for all obligations arising by virtue of the joint venture's activities. This applies irrespective of a liability towards third parties.
Liabilities and payments. Unless otherwise specified in this Agreement, the Parties shall be primarily liable to each other on a pro rata basis, secondarily jointly and severally liable for all obligations arising by virtue of the joint venture's activities. This applies irrespective of a liability towards third parties. Each Party is responsible for his share of the area fee. If a Party does not pay his share, the Operator shall make the payment on his behalf and apportion the amount between the other Parties in accordance with their Participating interest. None of the other Parties may be held liable pursuant to Article 7.1 for direct taxes which a Party is obliged to pay. Each Party is obliged to pay the direct taxes charged to him. DUTY OF CONTRIBUTION The Parties are obliged to provide sufficient funds to cover all expenses relating to the activities of the joint venture. Unless otherwise specified in the Production Licence, the amount to be contributed by each Party shall be calculated in accordance with the Participating interest at the time the payment is made. Further provisions regarding the Parties' duty of contribution in this respect are specified in Attachment B - Accounting Agreement.
Liabilities and payments. (a) Except as provided in the Conveyance Documents and in Section 2.4(b), each Buyer shall pay, discharge and perform as and when due, all liabilities or obligations that accrue, are caused by, arise out of, are associated with, are in respect of or are incurred, in each case, at any time prior to, on and after the Effective Time, in connection with the ownership or operation of the Systems (other than the Wynnewood Products System) acquired by such Buyer or other activities occurring in connection with and attributable to the ownership or operation of the Systems (other than the Wynnewood Products System) acquired by such Buyer at any time prior to, on or after after the Effective Time (collectively, the “Assumed Liabilities”); provided, however, that the foregoing provisions of this Section 2.4(a) shall not operate or be construed as a waiver or limitation of the Buyers’ rights to indemnification by Valero with respect to the environmental matters set forth in Section 2.1(a) of the Restated Omnibus Agreement, the right-of-way matters set forth in Section 2.2 of the Restated Omnibus Agreement and the other matters set forth in Section 2.3(a) of the Restated Omnibus Agreement.
Liabilities and payments. Save to the extent (if any) to which provision or allowance has been made in the Management Accounts or will be made in the Completion Accounts (as the case may be):
Liabilities and payments. Unless otherwise specified in this Agreement, the Parties shall be primarily liable to each other on a pro rata basis, secondarily jointly and severally liable for all obligations arising by virtue of the Unit Operations. This applies irrespective of a liability towards third parties. [Each Party is responsible for his share of the area fee. If a Party does not pay his share, the Operator shall make the payment on his behalf and apportion the amount between the other Parties in accordance with their Unit Interest.] Comment: Provision to be included only if area fee accrues within the Unit Area. None of the other Parties may be held liable pursuant to Article 12.1 for direct taxes which a Party is obliged to pay. Each Party is obliged to pay the direct taxes charged to him. DUTY OF CONTRIBUTION The Parties are obliged to provide sufficient funds to cover all expenses relating to the Unit Operations. The amount to be contributed by each Party shall be calculated in accordance with the Unit Interest at the time the payment is made. Further provisions regarding the Parties' duty of contribution in this respect are specified in Appendix D.
Liabilities and payments. 16.4 So far as the Seller is aware and except to the extent (if any) to which full provision or allowance has been made in the Accounts:
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Liabilities and payments. Save to the extent (if any) to which provision or allowance has been made in the Unaudited Combined Results:
Liabilities and payments. Save to the extent (if any) to which provision or allowance has been made in the Pharma Business Trial Balance:

Related to Liabilities and payments

  • Liabilities If this Agreement is terminated pursuant to this Section, such termination shall be without liability of any party to any other party except as provided in Section 4 hereof, and provided further that Sections 1, 6, 7 and 8 shall survive such termination and remain in full force and effect.

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