Settlement of Liabilities Sample Clauses

Settlement of Liabilities. 10 5.10. Maintenance of Guarantee....................................11 5.11. Secondment..................................................11
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Settlement of Liabilities. Harvest shall obtain settlement agreements from all creditors with known, actual or contingent outstanding liabilities in excess of $10,000.00. The total amount of the settlement agreements shall be approximately $550,000.00, but not to exceed $700,000.00.
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Settlement of Liabilities. The liabilities set forth in the 10-Q include amounts owed to Sellers; such liabilities, notes and any other liabilities will be paid in full at Closing.
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Settlement of Liabilities. 1. After the transfer is formally completed, that is, Party H is issued the business license of a foreign proprietorship from Shanghai Bureau of Industrial & Commercial Administration (the same hereunder); Party H shall be held responsible for all the liabilities that have been imposed upon the target company and have been stated on the financial reports or other relevant financial documents thereof before signing this agreement. Those liabilities that fail to be stated in the financial reports or other relevant financial documents of the target company due to some special reasons shall be settled as required by Term 5, Clause 1, Article 5 of this agreement.
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Settlement of Liabilities. 10 5.10. Maintenance of Guarantee . . . . . . . . . . . . . . . . . . . . 11 5.11. Secondment . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
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Settlement of Liabilities. Settle or compromise any Liabilities, whether in a proceeding or not, and whether voluntarily or involuntarily, dispose of any Collateral therefor, with or without consideration, or settle or compromise any liability incurred directly or indirectly in respect thereof or hereof, and/or subordinate the payment of all or any part thereof to the payment of any Liabilities, whether due or not;
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Settlement of Liabilities. Upon receipt and acceptance by USEC of the low enriched uranium and natural uranium pursuant to Section VIII.A., it is agreed by the Parties that the uranium transferred, together with the amounts previously transferred by DOE pursuant to the MOA and the remaining portion of the 13 metric tons of HEU to be transferred under Section V of the MOA, fully satisfies DOE's obligations under Sections III.B. and VI of the MOA, the final OMB Determination Order (No.3), and Section 5.1(b) of the Lease Agreement for the Gaseous Diffusion Plants ("Lease"). This includes the costs incurred by USEC to bring the Leased Premises and Leased Personality (as defined in the Lease) into compliance with the NRC approved plans for achieving compliance with NRC regulations (DOE/ORO-2027/R3 and DOE/ORO2026/R4) and other NRC requirements.
Sample 1
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Settlement of Liabilities. 4 1.2.5 Amendment or Correction of Harvest Articles of Incorporation...4
Sample 1
Settlement of Liabilities. Except as set forth in the Harvest and Hartan Disclosures attached hereto, Harvest shall obtain settlement agreements from all creditors with known, actual or contingent outstanding liabilities in excess of $10,000.00. The total amount permitted to be paid in order to obtain the settlement agreements (the "Settlement Payment") shall be approximately $550,000.00, but shall not exceed $1,000,000.00. In calculating the amount of the Settlement Payment, Harvest shall have the right to credit any proceeds received by Harvest in connection with such disputed matters, or liquidation of its assets, against amounts paid to obtain the settlement agreements.
Sample 1

Related to Settlement of Liabilities

  • Payment of Liabilities Seller shall pay or otherwise satisfy in the Ordinary Course of Business all of its Liabilities and obligations. Buyer and Seller hereby waive compliance with the bulk-transfer provisions of the Uniform Commercial Code (or any similar law) (“Bulk Sales Laws”) in connection with the Contemplated Transactions.

  • Allocation of Liabilities The IMS Health Group shall assume all Liabilities relating to the participation of IMS Health Transferred Savings Plan Employees in the Corporation Savings Plan. The Corporation Group shall retain all other Liabilities relating to the Corporation Savings Plan.

  • Novation of Liabilities (a) Each Party, at the request of the other Party, shall use reasonable best efforts to obtain, or to cause to be obtained, any Consent, Governmental Approval, substitution or amendment required to novate or assign to the fullest extent permitted by applicable Law all obligations under Contracts and Liabilities for which a member of such Party’s Group and a member of the other Party’s Group are jointly or severally liable and that do not constitute Liabilities of such other Party as provided in this Agreement (such other Party, the “Other Party”), or to obtain in writing the unconditional release of all parties to such arrangements (other than any member of the Other Party’s Group which Assumed or retained such Liability as set forth in this Agreement), so that, in any such case, the members of the applicable Group shall be solely responsible for such Liabilities; provided, however, that no Party shall be obligated to pay any consideration (or otherwise incur any Liability or obligation) therefor to any third party from whom any such Consent, Governmental Authority, substitution or amendment is requested (unless such Party is fully reimbursed or otherwise made whole by the requesting Party).

  • Payment of Liabilities, Including Taxes, Etc Each Loan Party shall, and shall cause each of its Subsidiaries to, duly pay and discharge all liabilities to which it is subject or which are asserted against it, promptly as and when the same shall become due and payable, including all taxes, assessments and governmental charges upon it or any of its properties, assets, income or profits, prior to the date on which penalties attach thereto, except to the extent that such liabilities, including taxes, assessments or charges, are being contested in good faith and by appropriate and lawful proceedings diligently conducted and for which such reserve or other appropriate provisions, if any, as shall be required by GAAP shall have been made.

  • Scope of Liability Neither the Servicer or any subservicer appointed by it, nor any of their respective partners, directors, officers, employees or agents, or its delegees pursuant to Section 11.2.1 hereof, shall be under any liability to the Master Servicer, the Trustee or, if applicable, the Trust Administrator for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Servicer, any subservicer or any of their respective partners, directors, officers, employees or agents, or its delegees pursuant to Section 11.2.1 hereof, against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of his or its duties or by reason of reckless disregard of his or its obligations and duties hereunder. The Servicer, any subservicer and any of their respective partners, directors, officers, employees or agents, or its delegees pursuant to Section 11.2.1 hereof, may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder.

  • Absence of Liabilities Except as set forth in the Financial Statements, the Company has no material liabilities, contingent or otherwise, other than (i) obligations not required under generally accepted accounting principles to be reflected in the Financial Statements and (ii) as disclosed on Schedule 2.7 hereto.

  • Satisfaction of Liabilities The liquidators shall pay, satisfy or discharge from Company funds all of the debts, liabilities and obligations of the Company (including, without limitation, all expenses incurred in liquidation) or otherwise make adequate provision for payment and discharge thereof;

  • Exclusion of Liabilities 21.6 Except in the case of gross negligence or wilful default, neither the Agent nor the Arranger accepts any responsibility:

  • Limits of Liability The limit of the Policy insurer’s (the “Insurer”) liability under the Policy shall not be less than an amount approved by each Fund’s Board.

  • Subordination of Liabilities [Name of Payor] (the “Company”), for itself, and its successors and assigns, covenants and agrees, and each holder of the Note to which this Annex A is attached (the ‘‘Note’’) by its acceptance thereof likewise covenants and agrees, that the payment of the principal of, interest on, and all other amounts owing in respect of, the Note (the “Subordinated Indebtedness”) is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, to the prior payment in full in cash of all Senior Indebtedness (as defined in Section 1.07 of this Annex A). The provisions of this Annex A shall constitute a continuing offer to all persons or other entities who, in reliance upon such provisions, become holders of, or continue to hold, Senior Indebtedness, and such provisions are made for the benefit of the holders of Senior Indebtedness, and such holders are hereby made obligees hereunder the same as if their names were written herein as such, and they and/or each of them may proceed to enforce such provisions.

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