Common use of Residual Liability Clause in Contracts

Residual Liability. The allocation of liabilities associated with the employees of CRR, CRC or any of their respective Affiliates hereunder is intended merely to assign primary responsibility for such liabilities among the parties. Nothing in the Agreement shall be interpreted or construed as a restriction or limitation of the duties and responsibilities of CRR, CRC, their respective Affiliates and CSX with respect to employee-related liabilities as set forth in the Merger Agreement and Attachment A to the CRR Disclosure Schedule delivered in connection with the Third Amendment.

Appears in 5 contracts

Samples: Transaction Agreement (CSX Corp), Transaction Agreement (Norfolk Southern Railway Co/Va), Transaction Agreement (Norfolk Southern Corp)

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