Examples of Liabilities and Costs in a sentence
Borrower shall: (a) comply in all material respects with all applicable Environmental Laws and Environmental Permits; and (b) promptly notify Agent in writing of any Environmental Liabilities and Costs that could reasonably be expected to have a Material Adverse Effect.
In winding up the Trust the Responsible Entity must, subject to clause 21.3(b), sell and realise all realisable Assets and, after payment of or provision for Liabilities and Costs (actual or contingent), distribute to the Unitholders pro rata in accordance with the Paid-up Proportion of Units held by Unitholders, all net cash proceeds derived from the realisation of the Assets and any other cash of the Trust.
Upon discovery of the presence on any property owned or leased by Borrower or any Subsidiary of any Contaminant that reasonably could be expected to result in Environmental Liabilities and Costs that could reasonably be expected to have a Material Adverse Effect, take all Remedial Action required by applicable Environmental Law.
As of the Closing Date, to the knowledge of Borrower,Schedule 3.16 discloses any Environmental Liabilities and Costs that, in each case, could reasonably be expected to have a Material Adverse Effect.
Legal Liabilities and Costs Would Increase Under Fiduciary Mandates Fiduciary mandates would subject PBMs to broader legal liabilities than under current law because they would transform an arm’s length contractual relationship into one where one party is responsible for assets that belong to another, such as a trustee relationship.