Miscellaneous Liabilities definition

Miscellaneous Liabilities shall have the meaning set forth in Section 3.14.
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Miscellaneous Liabilities less "Other Amounts Payable on Reinsurance" less "Interest Maintenance Reserve" less "Commissions to Agents Due or Accrued", as currently included respectively in Annual Statement page 3, Lines 28, 24.1 through 24.9, 9.3, 9.4, and 10, attributable to the Policies (or portion of such policies) ceded to Reinsurer under this Agreement. The applicable portion of these items will be calculated as of the Effective Date and will be based on the corresponding items from Ceding Company's Annual Statement.
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Miscellaneous Liabilities means the Liabilities related to the Business that are set forth in Section 2.2(b)(vii) of the Seller Disclosure Letter, which states the dollar amount of each such Liability as of the Closing.
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Examples of Miscellaneous Liabilities in a sentence

  • Wellspring agrees and covenants that, except with respect to the liabilities of Wellspring otherwise allocated among the Parties pursuant to this Agreement and the Retained Client Services and Protection Agreement, and with respect to the liabilities set forth on Schedule 3.7 (the "Joint Miscellaneous Liabilities"), Wellspring shall be solely liable for the liabilities, debts and obligations of Wellspring that are unknown to Wellspring as of the Effective Closing Time.

  • Wellspring shall pay one-half of the Joint Miscellaneous Liabilities, as and when due.

  • Except as identified on the Schedule entitled "Miscellaneous Liabilities," Seller shall retain all liabilities and obligations in respect of its past, present and future employees under the Employee Plans and applicable laws.

  • All liabilities identified on the Schedule attached hereto entitled "Miscellaneous Liabilities," which includes accrued expenses of the Business that would be current liabilities under GAAP that are not due and payable until after the Closing Date.

  • Gross Working Capital shall be defined as current assets of the Business, less the current liabilities of the Business identified on the Schedule entitled "Miscellaneous Liabilities." For purposes of this Agreement, current assets shall consist of Accounts Receivable (net of a reserve for uncollectible accounts equal to $150,000), Inventories (net of the reserve for obsolete or unsaleable Inventory as reflected in the books and records of the Seller), and Prepaids.

  • Attached to the Disclosure Letter as Schedule 3.14 ------------- is a schedule, complete and accurate as of May 31, 2001 (or as of April 30, 2001 as indicated in the Schedule), of any miscellaneous liabilities (the "Miscellaneous Liabilities"), Accrued Interest and FAS 91 Fees relating to the Business.