Remaining Liabilities definition
Examples of Remaining Liabilities in a sentence
This Guaranty shall remain in effect until payment in full of the Remaining Liabilities, as defined below, following termination of this Guaranty by the Guarantor in accordance with this paragraph.
For the avoidance of doubt, Holdings obligation to indemnify, defend and hold harmless each Holdings Indemnified Party shall exclude all Losses to which they may become subject as result of all liabilities, obligations and commitments (whether direct or indirect, matured or unmatured, known or unknown, absolute, accrued, contingent or otherwise) arising out or relating to the Remaining Liabilities.
Holdings agrees to indemnify, defend and hold harmless each Holdings Indemnified Party from against all Losses to which they may become subject as result of all liabilities, obligations and commitments (whether direct or indirect, matured or unmatured, known or unknown, absolute, accrued, contingent or otherwise) of Michigan or New LLC arising from any facts in existence, event or activity occurring, prior to the Effective Time, that are not Remaining Liabilities.
As used herein, "Remaining Liabilities" means the LHF Transaction Costs (as defined in Section 10.1), PLUS all liabilities and obligations relating to and arising from the Remaining Assets (as defined in Section 8.9), from and after the Deemed Closing Date.
This Guaranty shall remain in effect for each Guarantor until payment in full of the Remaining Liabilities, as defined below, following termination of this Guaranty by such Guarantor in accordance with this paragraph.