Legal Contingencies. 11.1 In the event a change in law, whether by statute, judicial determination, or administrative action, affects this Agreement or the ability of the Parties to enter into, or continue to operate pursuant to, this Agreement, the Parties mutually agree to immediately institute a review of this Agreement. The Parties agree to negotiate in good faith to address any necessary modifications to this Agreement, to the extent permitted by applicable law.
Legal Contingencies. Neither party shall be responsible for defending any legal action brought against the other party or its employees arising out of circumstances in which assistance was requested or provided, nor shall it be responsible to pay any fees, costs, damages or verdicts incurred by the other party in such a legal action.
Legal Contingencies. The Company is not subject to any legal proceedings, claims or liabilities of any kind. Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Earnings Per Share The Company’s basic earnings per share (EPS) amounts have been computed based on the average number of shares of common stock outstanding for the period.
Legal Contingencies. A. The provisions of this Agreement will be governed by the laws of the State of Missouri.
Legal Contingencies. A. It is understood and agreed that this agreement is entered into solely for the benefit of the parties hereto and gives no right to any other party. Without waiving any governmental immunity, sovereign immunity, or official immunity, each party agrees to be responsible and assumes liability for its own actions and omissions and those of its Officers, teachers, staff or any other agent for any incident arising out of or in connection with this agreement, to the fullest extent required by the law and agrees to save, indemnify, defend, and hold the other party harmless from such liability for its own actions.
Legal Contingencies. A. It is agreed that nothing contained herein is intended or should be construed in any manner as creating or establishing a partnership or joint venture between the parties. It is understood and agreed that this Agreement is entered into solely for the benefit of the parties hereto and gives no right to any other party. Without waiving any immunities, limitations on liability, or defenses, each party agrees to be responsible and assumes liability for its own actions and omissions and those of its officers, employees, teachers, or staff for any incident arising out of or in connection with this Agreement, to the fullest extent required by law and to the fullest extent allowed by law, each party agrees to save, indemnify, defend and hold the other party harmless from such liability. The SRO shall at all times be considered an employee solely of the City and as it relates to the District, shall be considered to be an independent contractor.
Legal Contingencies. Any legal contingencies anticipated would be dealt with in the contract.
Legal Contingencies. In the event a change in law, whether by statute, judicial determination, or administrative action, affects this MOU or the ability of the Parties to enter into, or continue to operate pursuant to, this MOU, the Parties mutually agree to immediately institute a review of this MOU. The Parties agree to negotiate in good faith to address any necessary modifications to this MOU, to the extent permitted by applicable law.
Legal Contingencies. All agreements shall include specific language dealing with legal contingencies.
Legal Contingencies. In the normal course of business, we have been named, from time to time, as defendants in various legal actions, including arbitrations, class actions and other litigation arising in connection with our activities. Some of the actual or threatened legal actions include claims for substantial compensatory and/or punitive damages or claims for indeterminate amounts of damages. While we will continue to evaluate legal actions to determine whether a loss is reasonably possible or probable and is reasonably estimable, there can be no assurance that material losses will not be incurred from pending, threatened or future litigation, investigations, examinations, or other claims. We contest liability and/or the amount of damages, as appropriate, in each pending matter. Where available information indicates that it is probable that a liability had been incurred at the date of the consolidated financial statements and we can reasonably estimate the amount of that loss, we accrue the estimated loss by a charge to income. In many actions, however, it is inherently difficult to determine whether any loss is probable or even reasonably possible or to estimate the amount of any loss. In addition, even where loss is reasonably possible or an exposure to loss exists in excess of the liability already accrued with respect to a previously recognized loss contingency, it is not always possible to reasonably estimate the size of the possible loss or range of loss. For certain legal actions, we cannot reasonably estimate such losses, particularly for actions that are in their early stages of development or where plaintiffs seek substantial or indeterminate damages. Numerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters, and by addressing novel or unsettled legal questions relevant to the actions in question, before a loss or additional loss or range of loss or additional loss can be reasonably estimated for any given action. For certain other legal actions, we can estimate reasonably possible losses, additional losses, ranges of loss or ranges of additional loss in excess of amounts accrued, but do not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on our consolidated financial statements as a whole.
