Assumed Litigation definition

Assumed Litigation means all legal proceedings, suits, claims, disputes, causes of action, litigations, petitions,

Assumed Litigation means the litigation matters expressly designated as Assumed Litigation on Schedule 5.6, which shall constitute an “Assumed Obligation” for all purposes under this Agreement from and after the Closing.

Assumed Litigation means those matters described in numbers 1, 2, 3, 5 and 6 on Schedule 6.1(g); provided that the matter described as number 6 shall only be assumed with respect to amounts owed in connection with the ownership and operation of the Assets from and after the Effective Date.

Examples of Assumed Litigation in a sentence

• For avoidance of any doubt, it is clarified that, except as agreed otherwise with the Transferor Company in writing, the Transferor Company shall not be liable to pay any amounts arising out of such Assumed Litigation including interest, penalties, damages, costs etc.

• If Purchaser is unable, as a matter of applicable Law, due to the actions or inactions of third parties unrelated to Purchaser and over whom Purchaser has no control, to cause the Sellers to be replaced by a New Plaintiff in Assumed Litigation as required by this Section 7.10(m)(i), Purchaser shall provide to the Sellers, within one hundred twenty (120) days after the Closing Date, notice to such effect and stating the reasons for such failure.

• In addition, CFC agree to provide Buyer with such assistance as Buyer may reasonably request in connection with the assumption by Buyer of the Assumed Litigation Obligations.

• Purchaser shall conduct and control all Assumed Litigation on behalf of Seller from and after the Closing Date, except to the extent that a New Plaintiff is substituted in for a Seller in cases where no claims have been asserted against a Seller, and subject to the provisions of Article X.

• If Purchaser is unable, as a matter of applicable Law, due to the actions or inactions of third parties unrelated to Purchaser and over whom Purchaser has no control, to cause the Sellers to be replaced by a New Plaintiff in Assumed Litigation as required by this Section 7.10(m)(i), Purchaser shall provide to the Sellers, within one hundred twenty (120) days after the Applicable Closing Date, notice to such effect and stating the reasons for such failure.

More Definitions of Assumed Litigation

Assumed Litigation has the meaning set forth in Section 2.3.

Assumed Litigation means the following: (a) the items listed in Section 1.1(a) of the Seller Disclosure Letter under the caption “Assumed Litigation” (and any other litigation or Proceedings against any of the ACBR Entities, Seller or Seller’s Affiliates that arise out of the same issues or operative facts as the items so listed in Section 1.1(a) of the Seller Disclosure Letter), and (b) other than the Retained Litigation, any and all current and future litigation or other Proceedings against any of the ACBR Entities or any of their properties or assets, which arise out of the operation of the Property and which also name Seller or any of Sellers’ Affiliates (in addition to any of the ACBR Entities), whether or not Seller or any of Seller’s Affiliates (in addition to any of the ACBR Entities) is named initially as a party or is later added or named as a party.

Assumed Litigation means the litigation disclosed in Schedules 4.14(b) and 4.11(d), except for item 1 of 4.11(d)— “the Vigilos Inc. litigation.”

Assumed Litigation means all Proceedings described in Schedule 4.11 but does not include Retained Litigation.

Assumed Litigation has the meaning specified in Section 11.6.

Assumed Litigation has the meaning set forth in the definition of “Assumed Obligations”.

Assumed Litigation means all Proceedings (including those listed on Schedule 4.11) to which the Acquired Companies or their properties are or may ------------- become subject, whether known or unknown, contingent or liquidated, and whether arising or relating to facts existing before, on, or after the Closing Date.