No Excess Liabilities Sample Clauses

No Excess Liabilities. The amount of the Company’s outstanding liabilities as of the Closing Date, shall not exceed the projected amount of such liabilities as set forth in the Company’s annual budget, a copy of which was delivered or made available to the Co-Lead Investors prior to Closing.
Sample 1
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No Excess Liabilities. ProCare has no liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent, or otherwise) except for (i) those shown on the December 2002 Financial Statements (provided that, for purposes of this Section 2.8 only, the amount of IBNR accrual shall be deemed to be $5,651,000 which is the amount set forth in Section 4.7 less $200,000 representing the amount related to Caduceus Medical Group) and (ii) those incurred in the ordinary course of business, which liabilities do not exceed 5% of the liabilities shown on the December 2002 Financial Statements. Notwithstanding the foregoing, the claims received for Caduceus Medical Group do not exceed $200,000 (i.e., the 5% variance applicable to other liabilities or obligations of ProCare shown on the December 2002 Financial Statements as set forth in the immediate preceding sentence does not apply to claims of Caduceus Medical Group which ProCare affirmatively represents will not exceed $200,000).
Sample 1

Related to No Excess Liabilities

  • Umbrella/Excess Liability The A/E may employ an umbrella/excess liability policy to achieve the above-required minimum coverage.

  • Excess Liability Developer will purchase and maintain excess liability insurance in an amount not less than $5,000,000.

  • Umbrella or Excess Liability The Contractor may use an Umbrella, Excess Liability, or similar coverage to supplement the primary insurance stated above in order to meet or exceed the minimum coverage levels required by this Contract.

  • Excess/Umbrella Liability Excess/umbrella liability insurance may be included to meet minimum requirements. Umbrella coverage must indicate the existing underlying insurance coverage.

  • ERISA Liabilities The Borrower shall not, and shall cause each of its ERISA Affiliates not to, (i) permit the assets of any of their respective Plans to be less than the amount necessary to provide all accrued benefits under such Plans, or (ii) enter into any Multiemployer Plan.

  • Contingent Liabilities Assume, guarantee, become liable as a surety, endorse, contingently agree to purchase, or otherwise be or become liable, directly or indirectly (including, but not limited to, by means of a maintenance agreement, an asset or stock purchase agreement, or any other agreement designed to ensure any creditor against loss), for or on account of the obligation of any person or entity, except by the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of the Company’s business.

  • 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.

  • Cross-Liability All required liability policies shall provide cross-liability coverage as would be achieve under the standard ISO separation of insureds clause.

  • Liability Limit THE REMEDY IN ANY CLAIM OR SUIT BY YOU AGAINST US WILL BE LIMITED TO DIRECT, ACTUAL DAMAGES, AND NEITHER NEXTERA ENERGY SERVICES OHIO, LLC NOR ANY OF ITS AFFILIATES WILL BE LIABLE FOR CONSEQUENTIAL, SPECIAL, INCIDENTAL, INDIRECT (INCLUDING LOSS OF PROFITS) OR PUNITIVE DAMAGES.

  • Umbrella Liability The Umbrella / Excess Liability must be at least as broad as the underlying general liability and automobile liability policies. Limits – Each Occurrence $1,000,000 General Aggregate $1,000,000

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