FINANCIAL LIABILITIES Clause Samples

FINANCIAL LIABILITIES. Except for the Permitted Debt, Entrance Fee Liabilities, MLRs, liabilities disclosed in the Financial Statements and/or liabilities incurred after the date, as applicable, set forth in the Financial Statements incurred in the ordinary course of operation of the business, as of the Effective Date, no BKD Contributed Sub has any material liabilities of any nature, whether accrued, absolute, contingent or otherwise, asserted or unasserted, including liabilities as guarantor or otherwise with respect to obligations of others, liabilities for delinquent taxes by such BKD Contributed Sub, or contingent or potential liabilities relating to activities of such BKD Contributed Sub or the conduct of its business.

FINANCIAL LIABILITIES. (a) Unless otherwise specifically stipulated within the provisions of this collective agreement, the Board's financial liabilities in respect to benefit plans as set out in Article 14 shall be limited to payment of premiums as stipulated in this collective agreement. This clause does not release the Board from liability for errors in procedures or administration. (b) If a member encounters difficulty in the application of any portion of the Benefit Plans, the O.C.E.T.F. and/or the member may request and receive from the Board written clarification of the carrier's position.

FINANCIAL LIABILITIES. The interest-bearing indebtedness (excluding hedging or similar contracts and letters or lines of credit in the ordinary course) of the Safety Business as of the Distribution Date will not exceed $750,000,000 plus the outstanding amount of the municipal financing, not to exceed $1,100,000. The representations contained in this Section 2.06 shall survive the Distribution Date until March 31, 1998.

FINANCIAL LIABILITIES. Trade and other payables are stated at cost. This approximates fair value due to the short term nature of these liabilities.

FINANCIAL LIABILITIES. 3.1. Financial (monetary) obligations under this Agreement are not provided. 3.2. The obligations of the Parties related to financial (monetary) settlements are regulated by a separate treaty or agreement of the Parties.

FINANCIAL LIABILITIES. Two universities will endeavour to provide financial resources within the legal limitations for the fulfilment of this protocol successfully.

FINANCIAL LIABILITIES. CTMUHB shall be the responsible legal entity in relation to liabilities to third parties, save where excepted in this agreement. The activities of the NIAW will be covered by the Welsh Risk Pool, via CTMUHB; however, will be subject to the normal excess arrangements. The NHS Wales Chief Executives will collectively underwrite the financial liabilities of the NIAW (on agreed risk sharing basis), where such liabilities cannot be met from within the NIAW’s budget or are not covered by the Welsh Risk Pool. This includes any costs associated with redundancy, termination or breaches of employment contract, disputes and health and safety matters.

FINANCIAL LIABILITIES. 4.1. No specific financial commitment or liability is assumed by either Party upon signing this Agreement. Nothing contained herein shall be deemed to constitute or imply any partnership, joint venture, agency, fiduciary relationship or other relationship between the Parties other than the contractual relation expressly provided for in this Agreement. 4.2. Each Party will bear its own costs and expenses incurred in connection with this Agreement and the transactions effected during the project period.

FINANCIAL LIABILITIES. (a) No Obligor shall incur or allow to remain outstanding any financial liabilities. (b) Paragraph (a) above does not apply to Permitted Financial Liabilities.