Common use of PROSPECTIVE LIABILITY Clause in Contracts

PROSPECTIVE LIABILITY. (a) Subject to clause 2.3 (Increase in prospective liability), for the purpose of the Corporations Xxx 0000 the maximum prospective liability (as defined in the Corporations Act 2001) secured by this Deed is A$10,000,000 or its equivalent but this paragraph does not limit the amount of liability at any time secured by or recoverable under this Deed. (b) The nature of that prospective liability is advances, interest, fees, costs, indemnities and other amounts included in the definition of Secured Money.

PROSPECTIVE LIABILITY. (a) Subject to clause 2.3 (Increase in prospective liability)Clause 2.3, for the purpose purposes of the Corporations Xxx 0000 Law the maximum prospective liability (as defined in the Corporations Act 2001Law) secured by this Deed is shall be limited to A$10,000,000 or its equivalent but this paragraph does 10,000,000. This shall not limit effect the amount of liability at any time actually secured by or recoverable under this Deed. (b) The nature of that prospective liability is advances, interest, fees, costs, indemnities and other amounts included in the definition of Secured Money.