Common use of Provision for Contingent Claims Clause in Contracts

Provision for Contingent Claims. (a) The Liquidator shall make a reasonable provision to pay all claims and obligations, including all contingent, conditional or unmatured claims and obligations, actually known to the Company but for which the identity of the claimant is unknown; and

Appears in 21 contracts

Samples: Limited Liability Company Agreement (SilverSun Technologies, Inc.), Limited Liability Company Agreement (SilverSun Technologies, Inc.), Limited Liability Company Agreement (Vine Energy Inc.)

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Provision for Contingent Claims. (a) The Liquidator shall will make a reasonable provision to pay all Liabilities, claims and obligations, including all contingent, conditional or unmatured claims and obligations, actually known to the Company but for which the identity of the claimant is unknown; and

Appears in 2 contracts

Samples: Acknowledgment and Acceptance Agreement (Enterprise Products Partners L P), Acknowledgment and Acceptance Agreement (El Paso Corp/De)

Provision for Contingent Claims. (a) The Liquidator shall make a reasonable provision to pay all claims and obligations, including all contingent, conditional or unmatured claims and obligations, Liabilities actually known to the Company Partnership but for which the identity of the claimant is unknown; and

Appears in 1 contract

Samples: Agreement of Partnership (Teppco Partners Lp)

Provision for Contingent Claims. (a) The Liquidator shall will make a reasonable provision to pay all claims and obligations, including all contingent, conditional or unmatured claims and obligations, actually known to the Company but for which the identity of the claimant is unknown; and if there are insufficient assets to both pay the creditors under Section 10.2 and to establish the provision contemplated by this Section 10.3, the claims will be paid as provided for in accordance to their priority and, among claims of equal priority, ratably to the extent of assets therefor.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Unit Corp)

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Provision for Contingent Claims. (a) The Liquidator shall will make a reasonable provision to pay all claims and obligations, including all contingent, conditional or unmatured claims and obligations, actually known to the Company but for which the identity of the claimant is unknown; and

Appears in 1 contract

Samples: Performance Guaranty Agreement (Teppco Partners Lp)

Provision for Contingent Claims. (a) The Liquidator shall make a reasonable provision to pay all claims and obligations, including all contingent, conditional or unmatured claims and obligations, actually known to the Company but for which the identity of the claimant is unknown; and.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Dynegy Morro Bay, LLC)

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