Common use of SECONDARY LIABILITIES Clause in Contracts

SECONDARY LIABILITIES. The Company is not, and so far as the Seller is aware will not become, liable to pay any Tax or to be deprived of any Relief otherwise available to it, or to make reimbursement or indemnity in respect of any Tax, for which some other company or person is or was primarily liable.

Appears in 2 contracts

Sources: Share Purchase Agreement (Northern Trust Corp), Share Purchase Agreement (Buy Com Inc)

SECONDARY LIABILITIES. The Company is not, and so far as the Seller is Sellers are aware will not become, liable to pay any Tax or to be deprived of any Relief otherwise available to itTax, or to make reimbursement or indemnity in respect of any Tax, for which which, in each case, some other company or person is or was primarily liable.

Appears in 1 contract

Sources: Sale and Purchase Agreement (P&f Industries Inc)