Examples of Reserved Liabilities in a sentence
As soon as commercially practicable after the end of each fiscal quarter, Expedia shall inform Decolar of the aggregate amount of any Reserved Liabilities, as well as the aggregate amount of any Reserved Liabilities that have been released.
To the extent not included in the Assumed Reserved Liabilities, (i) Sellers shall bear all personal property and ad valorem Tax liability with respect to the Acquired Assets to the extent such Tax relates to periods prior to the Closing, and (ii) Purchaser shall bear all personal property and ad valorem Tax liability with respect to the Acquired Assets to the extent such Tax relates to periods from and after the Closing, in each instance irrespective of the reporting and payment dates of such Taxes.
To the extent not included in the Assumed Reserved Liabilities, all other property Taxes, ad valorem Taxes, and similar recurring Taxes and fees on the Acquired Assets, and all salaries and other compensation payable to employees or officers who are Transferred Employees, and other recurring payments under Contracts that are Designated Contracts, shall be pro rated for the applicable period between Purchaser and the applicable Seller as of 12:01 a.m. local time on the Closing Date.
Section 5.12 Transferred Seller Employees Section 8.8(a) Reserved Liabilities ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of September 17, 2010, by and between Compuware Corporation, a Michigan corporation (“Buyer”), and DocSite, LLC, a Delaware limited liability company (the “Seller”).
Any amounts for services rendered by a third party under the Designated Contracts during the period until the Closing shall not be a Liability of Parent or Purchaser (unless included in the Assumed Reserved Liabilities to be assumed by Purchaser) and shall be a retained liability of Sellers' in an amount determined by the Mariner Bankruptcy Courts to the extent not included as an Assumed Reserved Liability.
Reserved Liabilities representing accrued vacation and other accrued employee benefits will be satisfied by payment of the amount thereof to the Buyer as the Buyer provides such benefits or makes cash payments in lieu thereof to employees.
Such Liabilities Reserve will be applied to the payment of Reserved Liabilities, by disbursements from that account, as they become due and payable.
Any amounts for services rendered by a third party under the Designated Contracts during the period until the Closing shall not be a Liability of GHV or Purchaser (unless included in (i) the Assumed Reserved Liabilities to be assumed by Purchaser or (ii) the Cure Costs specifically required to be paid by Purchaser pursuant to Section 2.4(a)) and shall be a retained liability of Sellers' in an amount determined by the Mariner Bankruptcy Courts to the extent not included as an Assumed Reserved Liability.