115 Retained Leasing Liabilities Clause Samples

115 Retained Leasing Liabilities. “Retained Leasing Liabilities” shall mean any and all Liabilities, including, without limitation, those Liabilities, whenever asserted, arising out of events occurring or facts existing prior to the Closing which, directly or indirectly, relate to or arise from RCL or otherwise from the railcar leasing business of Progress Rail and excluding those specified Liabilities which are set forth in Schedule 1.115 attached hereto.