Discharged Liabilities Clause Samples
The Discharged Liabilities clause defines which obligations or debts are considered fully satisfied and no longer enforceable between the parties. In practice, this clause typically specifies that once a party has performed certain actions—such as making a payment or delivering goods—the corresponding liabilities are deemed discharged and cannot be pursued further. This ensures that parties have clarity regarding when their responsibilities under the contract have ended, preventing future disputes over settled matters and providing finality to their contractual relationship.
Discharged Liabilities. Paid, discharged or satisfied any claim, obligation or liability in excess of US $10,000 in the aggregate, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business;
Discharged Liabilities. Paid, discharged or satisfied any claim, obligation or liability that would have Material Adverse Effect on the business and operation of the Company;
Discharged Liabilities. Paid, discharged or satisfied any claim, obligation or liability in excess of [US $10,000] in the aggregate, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business;
Discharged Liabilities. Except as set forth on Schedule 6.13.9, paid, discharged or satisfied any claim, obligation or liability in excess of $10,000 in the aggregate, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business;
Discharged Liabilities. Except as set forth in Schedule 3.10(i) of the Standard Gold Disclosure Schedules, paid, discharged or satisfied any claim, obligation or liability in excess of $10,000 in the aggregate, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business; j.
Discharged Liabilities. Except as set forth in Schedule 3.10(i) of the Armada Disclosure Schedules, paid, discharged or satisfied any claim, obligation or liability in excess of $10,000 in the aggregate, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business;
Discharged Liabilities. Paid, discharged or satisfied any claim, obligation or liability, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business.
Discharged Liabilities. The Reporting Company has not paid, discharged or satisfied any claim, obligation or liability in excess of US $10,000 in the aggregate, except for liabilities incurred prior to the date of this Agreement in the ordinary course of business;
Discharged Liabilities. Sellers (other than the Non-Debtor Sellers) shall make provision in the Plan and shall make all necessary transfers and assumptions and take all other necessary actions, and, as applicable, shall cause their Subsidiaries to make such provisions, transfers and assumptions and to take such actions, such that:
(a) At or upon Closing, all Excluded Liabilities shall be forever discharged and released as to Purchaser, its Affiliates and the Transferred Assets and shall be retained by Sellers or transferred to a trust, the purpose of which will be, among other things, to accept the transfer of the Excluded Liabilities and the Excluded Assets; and
(b) At or upon Closing, all Assumed Liabilities shall be assumed by Purchaser or one or more of its Affiliates and shall be forever discharged and released as to the Sellers, the Estates and the Excluded Assets. Purchaser or one or more of its Affiliates (if any assume some or all of the Assumed Liabilities), as applicable, shall pay, perform and satisfy all Assumed Liabilities and shall indemnify and hold harmless Sellers and the Estates from and against any and all costs or expenses incurred with respect to the Assumed Liabilities, provided, that Purchaser and/or its Affiliates shall have the ability to contest, in good faith, any such claim of liability asserted in respect thereof by any Person.
Discharged Liabilities. Purchaser hereby agrees to discharge at the Closing all liabilities of Seller listed on Schedule 3.2 (the "Discharged Liabilities").