Loss Contingencies Sample Clauses
The Loss Contingencies clause defines how potential future losses, which depend on uncertain events, are recognized and managed within an agreement. It typically outlines the procedures for identifying, disclosing, and accounting for possible liabilities, such as pending lawsuits or warranty claims, that may arise after the contract is signed. By establishing clear guidelines for handling these uncertainties, the clause ensures that both parties are aware of potential risks and responsibilities, thereby promoting transparency and reducing the likelihood of disputes over unforeseen losses.
Loss Contingencies. Except as set forth in Exhibit 5.7, there are no claims, actions, suits or other proceedings pending, or to the knowledge of Seller threatened, against Seller or any of the Purchased Assets before any court, agency or other judicial, administrative or other governmental body or arbitrator, and to Seller's knowledge, no state of facts exists which would be likely to give rise to any such claim, action, suit or other proceeding, in each case which, if adversely determined, would have a material adverse affect on the Purchased Assets or Seller's ability to perform its obligations under this Agreement.
Loss Contingencies. There are no claims, actions, suits or other proceedings pending, or to the knowledge of Seller threatened, against Seller or any of the Purchased Assets before any court, agency or other judicial, administrative or other governmental body or arbitrator, and to Seller's knowledge, no state of facts exists which would be likely to give rise to any such claim, action, suit or other proceeding.
Loss Contingencies. There is no material loss contingency within the meaning of Agreement Accounting Principles which has not been reflected in the consolidated financial statements of the Borrower prepared and delivered pursuant to Section 7.1(A) for the fiscal period during which such material loss contingency was incurred.
Loss Contingencies. Any pending or overtly threatened claim or litigation, investigation or proceeding involving the Borrower or any of its Subsidiaries in which (i) the amount claimed may exceed $500,000 and is not covered by insurance, or (ii) injunctive or similar relief is sought that, if granted, could reasonably be expected to have a Material Adverse Effect or any event constituting a loss contingency as to which footnote disclosure or a reserve is required under GAAP.
Loss Contingencies. Any event constituting a loss contingency as to which footnote disclosure or a reserve is required under GAAP, or any pending or overtly threatened claim or litigation, investigation or proceeding involving the Borrower or any of its Subsidiaries in which (i) the loss contingency is probable or reasonably possible (as determined in good faith by the Borrower) and the liability incurred may exceed $1,500,000 and is not reasonably expected to be covered by insurance, or (ii) injunctive or similar relief is sought that, if granted, could reasonably be expected to have a Material Adverse Effect.
Loss Contingencies. In October 1996, the Company recorded an unusual non-recurring charge to the income statement. Discussion is presented on Schedule 6.6 Contingencies. Disclosure was made in the SEC Form 1 O-Q dates July 31, 1996. SCHEDULE 3.16 Transactions with Affiliates Central Sprinkler Company purchases all the CPVC production from Central CPVC Corporation. Central Castings Corporation sells most of their production to Central Sprinkler Company. Central Sprinkler Company pays a royalty to CSC Finance Company. There are intercompany receivable and payables and intercompany loans between the companies. SCHEDULE 3.18
Loss Contingencies. Except as described in Schedule 2.10, there are no claims, actions, suits or other proceedings pending, or to the knowledge of the Company threatened, against the Company before any court, agency or other judicial, administrative or other governmental body or arbitrator. The Company has not violated or infringed upon or otherwise come into conflict with any intellectual property of third parties, and Seller has not received any notice alleging any such violation, infringement or other conflict. To the knowledge of the Company, no third party has infringed upon or otherwise come into conflict with any of the Company’s trademarks or tradenames. The Company does not participate in any proprietary gift card or similar customer pre-payment program (“Gift Card Program”).
Loss Contingencies. Except as described in Schedule 2.10, there are no claims, actions, suits or other proceedings pending, or to the knowledge of Seller threatened, against Seller generally or with respect to the Purchased Assets before any court, agency or other judicial, administrative or other governmental body or arbitrator. Seller has not violated or infringed upon or otherwise come into conflict with any intellectual property of third parties, and Seller has not received any notice alleging any such violation, infringement or other conflict. To the knowledge of Seller, no third party has infringed upon or otherwise come into conflict with any of the Marks and Names. Schedule 2.10 sets forth the terms of the Seller’s customer loyalty program. Seller has not changed the terms of this customer loyalty program in the past three calendar years.
Loss Contingencies. Except as described in Schedule 2.10, there are no claims, actions, suits or other proceedings pending, or to the knowledge of Seller threatened, against Seller generally or with respect to the Purchased Assets before any court, agency or other judicial, administrative or other governmental body or arbitrator. Seller has not violated or infringed upon or otherwise come into conflict with any intellectual property of third parties, and Seller has not received any notice alleging any such violation, infringement or other conflict. To the knowledge of Seller, no third party has infringed upon or otherwise come into conflict with any of the Marks and Names. Seller does not participate in any proprietary gift card or similar customer pre-payment program (“Gift Card Program”).