Liabilities and payments. Save to the extent (if any) to which provision or allowance has been made in the Accounts:
16.4.1 no liability has been incurred or is anticipated by the Company for breach of any Contract of employment or for services or for severance payments or for redundancy payments or protective awards or for compensation for unfair dismissal or for failure to comply with any order for the reinstatement or reengagement of any employee or for sex, race or other discrimination or for any other liability accruing from the termination or variation of any Contract of employment or for services;
16.4.2 no gratuitous payment has been made or promised by the Company in connection with the actual or proposed termination, suspension or variation of any Contract of employment or for services of any present or former director, officer or any dependant of any present or former director, officer or employee of the Company; and
16.4.3 the Company has not made or agreed to make any payment to or provided or agreed to provide any benefit for any present or former director, officer or employee of the Company.
Liabilities and payments. Save to the extent (if any) to which provision or allowance has been made in the Accounts:
(i) no liability has been incurred or is anticipated by the Company for breach of any contract of employment or for services or for severance payments or for redundancy payments or protective awards or for compensation for unfair dismissal or for failure to comply with any order for the reinstatement or re-engagement of any employee or for any other liability accruing from the termination or variation of any contract of employment or for services; and
(ii) no gratuitous payment has been made or promised by the Company in connection with the actual or proposed termination or suspension of employment or variation of any contract of employment or for services of any present or former director, officer or employee of the Company.
Liabilities and payments. Unless otherwise specified in this Agreement, the Parties shall be primarily liable to each other on a pro rata basis, secondarily jointly and severally liable for all obligations arising by virtue of the joint venture's activities. This applies irrespective of a liability towards third parties. Each Party is responsible for his share of the area fee. If a Party does not pay his share, the Operator shall make the payment on his behalf and apportion the amount between the other Parties in accordance with their Participating interest. None of the other Parties may be held liable pursuant to Article 7.1 for direct taxes which a Party is obliged to pay. Each Party is obliged to pay the direct taxes charged to him. DUTY OF CONTRIBUTION The Parties are obliged to provide sufficient funds to cover all expenses relating to the activities of the joint venture. Unless otherwise specified in the Production Licence, the amount to be contributed by each Party shall be calculated in accordance with the Participating interest at the time the payment is made. Further provisions regarding the Parties' duty of contribution in this respect are specified in Attachment B - Accounting Agreement.
Liabilities and payments. 7.1 Unless otherwise specified in this Agreement, the Parties shall be primarily liable to each other on a pro rata basis, secondarily jointly and severally liable for all obligations arising by virtue of the joint venture's activities. This applies irrespective of a liability towards third parties.
7.2 Each Party is responsible for his share of the area fee. If a Party does not pay his share, the Operator shall make the payment on his behalf and apportion the amount between the other Parties in accordance with their Participating interest.
7.3 None of the other Parties may be held liable pursuant to Article 7.1 for direct taxes which a Party is obliged to pay. Each Party is obliged to pay the direct taxes charged to him.
Liabilities and payments. (a) Except as provided in the Conveyance Documents and in Section 2.4(b), each Buyer shall pay, discharge and perform as and when due, all liabilities or obligations that accrue, are caused by, arise out of, are associated with, are in respect of or are incurred, in each case, at any time prior to, on and after the Effective Time, in connection with the ownership or operation of the Systems (other than the Wynnewood Products System) acquired by such Buyer or other activities occurring in connection with and attributable to the ownership or operation of the Systems (other than the Wynnewood Products System) acquired by such Buyer at any time prior to, on or after after the Effective Time (collectively, the “Assumed Liabilities”); provided, however, that the foregoing provisions of this Section 2.4(a) shall not operate or be construed as a waiver or limitation of the Buyers’ rights to indemnification by Valero with respect to the environmental matters set forth in Section 2.1(a) of the Restated Omnibus Agreement, the right-of-way matters set forth in Section 2.2 of the Restated Omnibus Agreement and the other matters set forth in Section 2.3(a) of the Restated Omnibus Agreement.
(b) Set forth in Schedule 2.4(b) are certain costs and expenses associated with the XxXxx Crude System that VTDC has agreed to be responsible for, even if incurred after Closing. Such costs and expenses shall not constitute Assumed Liabilities.
(c) Unless otherwise provided in this Agreement, if after the Closing either Party receives revenue or payments properly belonging to the other Party pursuant to the terms of this Agreement, or pays amounts properly the obligation of the other Party pursuant to the terms of this Agreement, the Party receiving such revenue or payment or paying such amounts shall promptly notify the other Party and the Parties shall arrange to pay or reimburse the other Party, as applicable, as soon as reasonably practicable.
Liabilities and payments. Except to the extent (if any) to which provision or allowance has been made in the Accounts:
Liabilities and payments. 12.1 Unless otherwise specified in this Agreement, the Parties shall be primarily liable to each other on a pro rata basis, secondarily jointly and severally liable for all obligations arising by virtue of the Unit Operations. This applies irrespective of a liability towards third parties.
12.2 [Each Party is responsible for his share of the area fee. If a Party does not pay his share, the Operator shall make the payment on his behalf and apportion the amount between the other Parties in accordance with their Unit Interest.] Comment: Provision to be included only if area fee accrues within the Unit Area.
12.3 None of the other Parties may be held liable pursuant to Article 12.1 for direct taxes which a Party is obliged to pay. Each Party is obliged to pay the direct taxes charged to him.
Liabilities and payments. Unless otherwise specified in this Agreement, the Parties shall be primarily liable to each other on a pro rata basis, secondarily jointly and severally liable for all obligations arising by virtue of the Unit Operations. This applies irrespective of a liability towards third parties. [Each Party is responsible for his share of the area fee. If a Party does not pay his share, the Operator shall make the payment on his behalf and apportion the amount between the other Parties in accordance with their Unit Interest.] Comment: Provision to be included only if area fee accrues within the Unit Area. None of the other Parties may be held liable pursuant to Article 12.1 for direct taxes which a Party is obliged to pay. Each Party is obliged to pay the direct taxes charged to him. DUTY OF CONTRIBUTION The Parties are obliged to provide sufficient funds to cover all expenses relating to the Unit Operations. The amount to be contributed by each Party shall be calculated in accordance with the Unit Interest at the time the payment is made. Further provisions regarding the Parties' duty of contribution in this respect are specified in Appendix D.
Liabilities and payments. Save to the extent (if any) to which provision or allowance has been made in the Pharma Business Trial Balance:
(a) no liability (which remains outstanding at the date hereof) has been actually incurred by the Company for breach of any contract of employment or for services or for severance payments or redundancy payments or for compensation for unfair dismissal or for failure to comply with any order for the reinstatement or re-engagement of any employee of the Company or for sex, religious, disability or race discrimination or for any other liability accruing from the termination or variation of any contract of employment in respect of any employee of the Company or for services; and
(b) no gratuitous payment has been promised by the Company (which remains unpaid) in connection with the actual or proposed termination of any contract of employment or for services of any present director or officer of the Company.
Liabilities and payments. 1Unless otherwise specified in this Agreement, the Parties shall be primarily liable to each other on a pro rata basis, secondarily jointly and severally liable for all obligations arising by virtue of the Unit Operations. This applies irrespective of a liability towards third parties.
