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), as reflected on the Closing Balance Sheet.
Contract Liabilities. 5.1 The AGENCY assures to pre-screen the suitability of all candidates before presenting them to the CLIENT for interview.
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. 10 3.1.2 Industrial Revenue Bonds............................... 10 3.1.3
Contract Liabilities. A summary of contract liabilities is as follow: (Unaudited) (Audited) 3/31/2021 12/31/2020 Contract liabilities Accrued recognition of US$ 274,461 274,622 contractual liabilities (78,783) (76,346) Total US$ 195,678 198,276 Classification: Current US$ 10,487 10,480 Non-current 185,191 187,796 Total US$ 195,678 198,276 Contract liabilities comprises: (Unaudited) (Audited) 31/3/2021 31/12/2020 MSIA concession right US$ 193,302 195,739 Contractual liabilities - concessionaires 2,376 2,537 Total US$ 195,678 198,276
Contract Liabilities. A summary of contract liabilities is as follow: (Unaudited) (Audited) 31/3/2023 31/12/2022 Contract liabilities 273,166 273,288 Accrued recognition of contractual liabilities (89,087) (87,999) Total US$ 184,079 185,289 Classification: Current 8,127 8,103 Non-current 175,952 177,186 Total US$ 184,079 185,289 Contract liabilities comprises: (Unaudited) (Audited) 31/3/2023 31/12/2022 MSIA concession right 182,998 184,086 Contractual liabilities - concessionaires 1,081 1,203 Total US$ 184,079 185,289 MSIA Concession Right - As part of the concession to construct and operate the NQIA, Quiport was granted the right to operate the old airport (MSIA) until the new airport began operations on February 20, 2013 (See Note 26). Consequently, Quiport determined the fair value of this right and recorded it as an intangible asset and as contract liabilities. The intangible asset was fully amortized during the construction period and up to the beginning of operations in the NQIA. The Contract liability until September 2020 was being amortized over a straight line during the remainder of the concession period. During 2022, the Corporation reviewed the amortization method of the contract liability related to the MSIA Concession Right and concluded that the amortization method should be the same as that being used for the amortization of the intangible asset, that is, based on the number of passengers instead of the straight line. The adjustment was made retroactively from October 2020 (date on which the amortization method of the intangible asset was changed) in accordance with accounting standards (IAS 8). 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: (Unaudited) (Audited) 31/3/2023 31/12/2022 Opening balance US$ 185,289 195,743 Recognition of MSIA income (Note 17) Commercial contracts (1,088) (9,746) Recognition of concessionaire income (122) (708) Ending balance US$ 184,079 185,289 15. BORROWINGS AND LEASE LIABILITIES A detail of borrowings and financial liabilities is as follows: (Unaudited) 31/3/2023 (Audited) 31/12/2022 Loans: Related companies (Note 22) US$ 374,603 388,270 Financial obligations: Lease liabilities (Note 23) 1,231 1,299 Total US$ 375,834 389,569 Classification: Current US$ 8,886 9,453 Non-current 366,948 380,116 Total US$ 3...
