Special Liabilities definition
Examples of Special Liabilities in a sentence
The aggregate liability of Seller to Buyer Indemnitees with respect to claims for indemnification based on the Special Liabilities shall not exceed $162,000,000 (the “Special Cap”); provided that the Special Cap shall not apply with respect to claims for indemnification: (A) based on breaches of or inaccuracies in any Fundamental Warranties; or (B) for claims of knowing and intentional breach or fraud.
Lessee shall be entitled to use the number of Unreserved Parking Spaces and Reserved Parking Spaces specified in Paragraph 1.2(b) on those portions of the Common Areas designated on Exhibit A.
Special Liabilities shall mean the amount due for the following: Note Payable - Taqua; Due to MSPC; Note Payable to BIPCO; Note Payable - Amerifirst; Note Payable to Paul Ryan; Note Payable to ▇▇▇▇ ▇▇▇oner; Note Payable ▇▇ ▇▇▇▇▇ ▇▇nder; Note Payable ▇▇ ▇▇▇▇▇▇ ▇cKinney, amounts o▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇es (including any penalties or interest), any debt or amounts due to AmSouth Bank and any other debt for borrowed money or purchase or lease of assets.
The Special Liabilities will be paid by the Buyer out of the Total Cash Consideration at or after the Closing, as indicated on Exhibit 1.3. The aggregate amount of the Special Liabilities, as set forth on Exhibit 1.3, is sometimes referred to herein as the “Special Liabilities Amount”.
No funds will be disbursed from the Special Liabilities Escrow account to Shareholders except as provided in paragraph 19(c).