Liabilities incurred Clause Samples
The 'Liabilities incurred' clause defines the responsibility of a party to pay for or otherwise address obligations that arise during the course of an agreement. This typically covers debts, damages, or other financial commitments that are directly related to the performance of the contract. For example, if a party causes property damage or accrues costs while fulfilling their contractual duties, this clause clarifies who is responsible for those liabilities. Its core function is to allocate risk and ensure that each party understands their financial responsibilities, thereby preventing disputes over unforeseen costs.
Liabilities incurred since the Balance Sheet Date in the ordinary course of business;
Liabilities incurred as a result of Licensee’s violation, or a violation by Licensee’s officers, directors, employees, agents or contractors, of any law, rule, or regulation of the United States, State of Washington or any other governmental entity or administrative agency.
Liabilities incurred since the Balance Sheet Date in the ordinary course of business (none of which is a Liability for tort, breach of contract or environmental Liability);
Liabilities incurred since December 31, 2024 in the ordinary course of business (none of which is a Liability for tort, breach of contract or environmental Liability);
Liabilities incurred since December 31, 2010 in the ordinary course of business consistent with past practice that would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect; (c) Liabilities or obligations incurred directly pursuant to this Agreement; and (d) any other Liabilities that would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.
Liabilities incurred since December 31, 2003 in the ordinary course of business and consistent with past practice which are not material individually or in the aggregate; and (iii) as set forth in Schedule 3.08(c).
Liabilities incurred since December 31, 2010 in the ordinary course of business consistent with past practice that would not reasonably be expected to have individually or in the aggregate a Parent Material Adverse Effect; (c) Liabilities or obligations incurred directly pursuant to this Agreement; and (d) any other Liabilities that would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect.
Liabilities incurred. AS A RESULT OF LICENSEE’S VIOLATION, OR A VIOLATION BY LICENSEE’S OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR CONTRACTORS, OF THIS AGREEMENT AND/OR ANY LAW, RULE, OR REGULATION OF THE UNITED STATES, STATE OF TEXAS OR ANY OTHER GOVERNMENTAL ENTITY OR ADMINISTRATIVE AGENCY.
Liabilities incurred. Except as disclosed in Exhibit B, subsequent to the date of the 1996 Balance Sheet, the Company has not (i) incurred any bank indebtedness, entered into any leases, loan agreements or, except in the ordinary course of business consistent with past practices, contracts, obligations or arrangements of any kind, including, without limitation, for the payment of money or property to any person, or (ii) permitted any liens or encumbrances to attach to the Assets.
Liabilities incurred since the Balance Sheet Date in the ordinary course of business and consistent with past practice in connection with the Retained Co-development Brand Hotel Contracts and the Managed Subject Hotel Agreements (other than any Liabilities for breach thereof or default thereunder); or (iv) incurred in connection with the execution and performance of this Agreement or the Pre-Closing Restructuring.