Sale Liabilities definition

Sale Liabilities means the liabilities of the Seller as at the effective date, including any liability for taxation of whatsoever nature;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Sale Liabilities means the – 2.1.49.1 Rehabilitation Liabilities; and 2.1.49.2 Environmental Liabilities;

Sale Liabilities means all obligations and liabilities (whether actual or contingent) in respect of the VR Mining Business (other than Environmental Obligations which are dealt with separately in clause 28.1 of this Agreement), including without limitation, the liabilities set out in Annexure P, but in each case specifically excluding the Excluded Liabilities;

Examples of Sale Liabilities in a sentence

The Net Liabilities of Parent, including the Retained Liabilities, Permitted Asset Sale Liabilities and the unpaid expenses of Parent referred to above shall not exceed $750,000.
To the extent that any such creditor does not agree thereto, Harmony Moab shall be obliged after the Closing Date to discharge the Sale Liabilities (VR) on behalf of AngloGold on the respective due dates therefor and indemnifies AngloGold against any Claims of whatsoever nature that may be made against AngloGold in respect of the Sale Liabilities (VR) or Harmony Moab’s failure to comply with its obligations in terms of this clause 29.
Each Seller shall deliver the Closing Date Accounts, recording, amongst other things, the Sale Assets and the Sale Liabilities of the applicable Business, to the Purchaser, within 30 (thirty) days after the Closing Date.
The Transaction encompasses the acquisition by the Purchaser of the Sale Assets and the assumption by the Purchaser of the Sale Liabilities, but specifically excludes the Excluded Assets and the Excluded Liabilities.
To the extent applicable, AngloGold undertakes to use all reasonable endeavours to procure the delegation of the Sale Liabilities (VR) to Harmony Moab as aforesaid with effect from the Closing Date.
If the Purchaser disputes any aspect of the Closing Date Accounts, or the Sale Assets or the Sale Liabilities forming part thereof, or the determination of the Purchase Price, the Purchaser shall be entitled to refer the matter to the Expert, who shall resolve the dispute within 5 (five) Business Days of the matter having been referred to them, taking into account the principles set out in this Agreement.
The Transferee shall, from the Closing Date, assume and be responsible to discharge all Sale Liabilities.
The sale of each Business encompasses the acquisition by the Purchaser of the Sale Assets and the assumption of the Sale Liabilities of each Business.
Since the Transferor will continue to conduct its business until the Closing Date, the Sale Assets and Sale Liabilities as at the Regulatory Reference Date and the Sale Assets and Sale Liabilities delivered as at the Closing Date will differ.
The Purchaser will assume the Sale Liabilities of each Seller on and with effect from the Closing Date.

More Definitions of Sale Liabilities

Sale Liabilities all the obligations and liabilities of the Transferor in respect of its business as at the Closing Date, including, without limitation: 2.1.36.1 the Policy Liabilities; 2.1.36.2 the Creditors and all the obligations and liabilities of the Transferor under the Contracts (other than the Policies); but excluding any and all Excluded Liabilities;

Sale Liabilities means all liabilities (whether actual or contingent) of Plant Rental of any nature whatsoever and howsoever arising (and whether specifically in respect of the Business or otherwise) including without limitation:

Sale Liabilities has the meaning ascribed to it in clause ‎8.1;

Sale Liabilities means the liabilities (of whatsoever nature) owed by each Seller in relation to the normal, ordinary and regular operation of each Business, as at the Closing Date, as recorded in the Closing Date Accounts; the Sale Liabilities will include those liabilities agreed to by the applicable Seller and the Purchaser, and may include inter alia Bank Overdraft, Borrowings, Employee Benefit Liabilities and Lease Liabilities, and any other liabilities agreed to by the applicable Seller and the Purchaser, as more fully described in the Row which bears the Seller’s name, in Column 5 of Annexure B and Schedule 1 of Annexure B;

Sale Liabilities such outstanding payments to creditors of the Business in respect of any of the Sale Assets at the Closing Date. “Seller” FOLMINK DELWERY BK, registration number CK 1990/021880/23 “Signature Date” the date of last signature of this Agreement