Contract Liabilities Sample Clauses
Contract Liabilities. Any liability or obligation arising from any attempt by Seller to formally reject in the Chapter 9 Proceeding any Contracts that are Excluded Assets, whether or not such liability or obligation arises before or after the Closing Date.
Contract Liabilities. All of Seafield's liabilities and obligations under the contracts and agreements included in the Transfer Assets, including those specified in Section 2.15.
Contract Liabilities. The Retained Contract Liabilities;
Contract Liabilities. All Liabilities of Seller arising after the Closing Date (other than any Liability for, or resulting from, any breach or default thereunder which occurred prior to the Closing) under the Contracts identified on Schedule 2.1(g).
Contract Liabilities. Contract Liabilities" shall mean any and all of London Pacific's gross risks, liabilities and obligations, based upon or arising out of the express terms and conditions of the Contracts.
Contract Liabilities. Liabilities arising under or related to the Excluded Contracts or any other Contracts which are not validly and effectively assigned to Purchaser pursuant to this Agreement, or Liabilities arising from or related to Assumed Contracts which arise out of any defaults or breaches by the Seller or any of the Subsidiaries, relating to a period prior to the Closing whether it occurs prior to or post-Closing;
Contract Liabilities. If the essential terms of a written contract for goods or services (which terms do not include those addressing breach, default or other known or unknown contingent matters) obligate the LLCs to pay an amount in excess of $5,000 for goods purchased or services rendered prior to Closing; then Sellers shall pay the amount by which the payment obligation exceeds $5,000.
Contract Liabilities concessionaires – Corresponds to concession rights on commercial premises and publicity services paid in advance by clients and that are amortized using the straight-line method over the contract periods. Movements in contract liabilities were as follows: 31/12/2023 31/12/2022 Opening balance US$ 185,289 195,742 Additional Commercial contracts- concessionaire 1,421 - Recognition of MSIA income (Note 17) (4,556) (9,746) Recognition of concessionaire income (Note 17) (665) (707) Ending balance US$ 181,489 185,289 15. BORROWINGS AND LEASE LIABILITIES A detail of borrowings and financial liabilities is as follows: 31/12/2023 31/12/2022 Loans: Related companies (1) US$ 383,476 388,270 Local Banks (2) US$ 9,964 - Financial obligations: Lease liabilities (Note 23) 618 1,299 Total US$ 394,058 389,569 Current US$ 17,495 9,453 Non-current 376,563 380,116 Total US$ 394,058 389,569 Non-current maturities of loans and financial obligations are as follows: Maturities 31/12/2023 31/12/2022 2 year 20,987 13,064 3 year 22,606 19,621 4 year 26,692 21,354 5 year 33,997 25,245 Onwards 272,281 300,832 Total 376,563 380,116 (1) A detail of related companies borrowing balances is as follows: 31/12/2023 31/12/2022 Principal 384,934 391,188 Interest payable 13,641 13,863 Amortized cost (15,099) (16,781) Total US$ 383,476 388,270 Movements: Opening balance 388,270 392,249 Principal payments (Note 22) (6,254) (4,174) Interest generated 47,178 47,884 Interest payments (Note 22) (47,400) (48,032) Amortized cost (Note 20) 1,682 343 Ending balance US$ 383,476 388,270 Comprises funds received as loans from IAF maturing in 2033 and bearing interest at an annual rate of 12.15% (13% from March 14, 2019, through September 15, 2020). On March 14, 2019, International Airport Finance S. A., was incorporated in Spain in January 2019 by ODINSA S.A., Companhia de Participacoes em Concessoes, S. A. and HAS Development Corporation. This entity was created as a special purpose vehicle (SPV) to grant a loan to Quiport in the amount of US$400,000 maturing in March 2033. With the funds received from IAF, the Company repaid the loans it had with related companies for US$80,068, as well as the bridge loan established in December 2018 for US$66,999, and the remaining US$252,933 was credited to the Corporation’s account at Citibank N.Y. During 2019, the Company capitalized costs related to obtaining the loan, such as: attorneys’ and intermediaries’ fees of approximately US$17,604, which will be amortized ov...
Contract Liabilities. All Liabilities arising under the LLC -------------------- Assigned Leases, the LLC Assigned Licenses and the LLC Assigned Contracts, including Liabilities arising from breaches of any such agreements by PG&E, which agreements are transferred to LLC [or the applicable LLC Subsidiary] pursuant to Section 2.01(c)(ii), Section 2.01(e)(i), Section 2.01(f)(viii) and Section 2.01(h).
Contract Liabilities. Any performance obligation of the -------------------- Business or Sellers under any contract, commitment, arrangement or understanding of any kind, oral or written, except as provided in Section 1.3 hereof with respect to the Listed Contracts; and