Shared Contingent Liabilities definition

Shared Contingent Liabilities has the meaning set forth in Section 6.10.

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Shared Contingent Liabilities means:

Shared Contingent Liabilities means the aggregate amount of all Qualifying Losses to the extent such amount is in excess of $1,000,000, which Qualifying Losses (x) are Computer Sciences GS Liabilities arising out of the operation or conduct of the Computer Sciences GS Business as conducted prior to the Effective Time and (y) arise from claims made after the Effective Time and prior to the second anniversary of the Distribution Date; provided that in no event shall a Shared Contingent Liability include any Computer Sciences GS Liabilities to the extent arising out of a Computer Sciences GS Contract (including breaches or liabilities resulting from failure to perform under such Contract).

Examples of Shared Contingent Liabilities in a sentence

Specified Shared Expenses in respect of Shared Contingent Liabilities shall also include any amounts with respect to a bond, prepayment or similar security or obligation required (or determined to be advisable by the Managing Party) to be posted by the Managing Party in respect of any claim.
Unless otherwise agreed to by the Parties, at least once during each fiscal quarter during the twelve (12) month period following the Distribution Date, the Parties shall hold a meeting for the purpose of sharing Information related to this Agreement, any Shared Contingent Liabilities or the preparation of any Party’s financial statements.
Unless otherwise agreed to by the Parties, at least once during each fiscal quarter during the two (2) year period following the Distribution Date, the Parties shall hold a meeting for the purpose of sharing Information related to this Agreement, any Shared Contingent Liabilities or the preparation of any Party’s financial statements.
For the avoidance of doubt, SYNNEX Liabilities shall include (i) the portion of any Shared Contingent Liabilities that are not Concentrix Liabilities and (ii) any Liabilities relating to, arising out of or resulting from any Action with respect to the Separation or the Distribution (other than any Action related to any Disclosure Document) made or brought by any Third Party against either Party or any member of its Group.
The parties shall share responsibility for the following contingent liabilities (the "Shared Contingent Liabilities"): (i) any contingent liabilities that are not Exclusive Contingent Liabilities and (ii) those liabilities as set forth on SCHEDULE 7.2 hereto.
In respect of the foregoing, Schedule 1.1(70) and Schedule 1.1(71) set forth certain identified Shared Contingent Assets and Shared Contingent Liabilities, respectively, and identify (but do not limit) those employees and agents who shall assist the Managing Party in its management of such Shared Contingent Liabilities and Shared Contingent Assets.
Parent and the Company shall share all of the fees, costs and expenses in connection with the Letter Ruling as if such amounts were Shared Contingent Liabilities subject to Section 7.2 hereof.
The Parties will enter into common interest or joint defense agreements as deemed necessary to preserve privilege, allow coordination of defenses, and avoid waivers of privilege in connection with any Privileged Information that relates to Shared Contingent Liabilities, whether or not the Privileged Information is in the possession or under the control of any member of the PayPal Group or any member of the eBay Group.
An Indemnifying Party shall provide the Indemnified Party with a monthly written report identifying any Third-Party Claims that such Indemnifying Party has elected to defend pursuant to Section 4.5(b), the Actions relating to the Shared Contingent Liabilities and the eBay Specified Actions or the PayPal Specified Actions, as applicable.
Upon request and as otherwise reasonably necessary to keep the Indemnified Party informed, the Indemnifying Party shall provide the Indemnified Party with a written report identifying any Third-Party Claims that such Indemnifying Party has elected to defend pursuant to Section 4.5(b) and the Actions relating to the Shared Contingent Liabilities, as applicable.

More Definitions of Shared Contingent Liabilities

Shared Contingent Liabilities means any (i) Shared New SAIC Liability or (ii) Shared Corporate Liability.

Shared Contingent Liabilities means (i) any Liabilities relating to, arising out of or resulting from a general corporate matter of SYNNEX occurring or existing at or prior to the Effective Time, including any such Liabilities (including any Liabilities relating to, arising out of or resulting from stockholder litigation or controversies arising out of or relating to actions or omissions occurring prior to the Effective Time, to the extent unresolved prior to the Effective Time and any amount paid or payable after the Effective Time by either Party or any member of its Group in respect of such Liabilities, and any Liabilities under federal and state securities laws) relating to, arising out of or resulting from claims made by or on behalf of holders of any of SYNNEX’s securities (including debt securities), in their capacities as such, in respect of such general corporate matter; and

Shared Contingent Liabilities means the following Liabilities of either Party or any member of its Group:

Shared Contingent Liabilities means the aggregate amount of all Qualifying Losses to the extent such amount is in excess of $1,000,000, which Qualifying Losses (x) are CSRA Liabilities arising out of the operation or conduct of the CSRA Business as conducted prior to the Effective Time and (y) arise from claims made after the Effective Time and prior to the second anniversary of the Distribution Date; provided that in no event shall a Shared Contingent Liability include any CSRA Liabilities to the extent arising out of a CSRA Contract (including breaches or liabilities resulting from failure to perform under such Contract).

Shared Contingent Liabilities means any of the Liabilities set forth on Schedule 1.1(97).