Material Liabilities Clause Samples
The Material Liabilities clause defines and addresses significant financial obligations or exposures that a party may have under an agreement. It typically sets thresholds for what constitutes a 'material' liability, such as debts or claims exceeding a certain monetary value, and may require disclosure or special handling of these liabilities during negotiations or due diligence. This clause ensures that both parties are aware of and can manage substantial financial risks, promoting transparency and helping to prevent unexpected burdens that could affect the agreement's execution or value.
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Material Liabilities. The Company has no liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.
Material Liabilities. Except for liabilities disclosed in the Financial Statements or the SEC Reports, and obligations under the Other Agreements, the Corporation and its subsidiaries have no material liabilities or obligations, absolute or contingent, other than liabilities arising in the ordinary course of business subsequent to the date of the most recent of the Financial Statements.
Material Liabilities. The sole outstanding material liabilities of the Borrower are set forth on Schedule 3.5 annexed hereof.
Material Liabilities. The Borrower and its Subsidiaries have no material liabilities, direct or contingent, except: (i) those disclosed in the Financial Statements, and (ii) those arising in the ordinary course of business since the date of such Financial Statements which have in the aggregate no Material Adverse Effect.
Material Liabilities. The Company has no material liabilities or obligations, absolute or contingent (individually or in the aggregate), except (a) the liabilities and obligations set forth in the Company's Financial Statements and (b) liabilities and obligations which have been incurred subsequent to February 28, 2001 in the ordinary course of business which, individually or in the aggregate, have not had, and could not be expected to have, a Material Adverse Effect.
Material Liabilities. Neither any Seller nor the Company has any material liabilities, obligations or commitments of the type required to be reflected on a balance sheet prepared in accordance with past accounting practices of the Company, except: (a) those that are reflected or reserved against in the Interim Financial Statements, and (b) those that have been incurred in the Ordinary Course of Business since the date of the Interim Statement of Assets, Liabilities and Owners’ Equity.
Material Liabilities. The Company has no material liabilities or obligations, absolute or contingent (individually or in the aggregate) except (a) the liabilities and obligations set forth in the Financial Statements, (b) liabilities and obligations which have been incurred subsequent to June 30, 1998, in the ordinary course of business which have not been in the aggregate materially adverse, (c) liabilities and obligations under lease for its principal offices and for equipment, and (d) liabilities and obligations under sales, procurement and other contracts and arrangements entered into in the normal course of business.
Material Liabilities. The sole outstanding material liabilities of the Company are set forth on Schedule 3.1(ff) .
Material Liabilities. Except as set forth on Subsection 2.11 of the Disclosure Schedule, the Company has no liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.
Material Liabilities. Neither any Seller nor each of the Company and its Subsidiaries has any material liabilities, obligations or commitments of the type required to be reflected on a balance sheet prepared in accordance with past accounting practices of each of the Company and its Subsidiaries .