Unrelated Liabilities definition

Unrelated Liabilities means any obligation or liability of Seller or its Affiliates (including the Company or a Division Entity) to the extent such obligation or liability does not arise out of or relate to the Business of the Division to be sold to Buyer hereunder. For the avoidance of doubt, Unrelated Liabilities shall include any liabilities assumed by Seller or any of its Affiliates as part of the Restructuring Transactions or that relate to any Excluded Assets or the Staying Clinics.
Unrelated Liabilities means any and all liabilities or obligations of any kind other than obligations or liabilities arising in connection with or related to the Business.
Unrelated Liabilities means any and all Liabilities of the Unrelated Companies.

Examples of Unrelated Liabilities in a sentence

  • As soon as practicable following the signing of this Agreement, Seller shall provide Buyer with a list, which shall be as complete as practicable in the circumstances, of Unrelated Liabilities as for which the Company or the Subsidiary are liable.

  • Seller shall indemnify and hold harmless Buyer from and against any Claim relating to or arising out of the Unrelated Liabilities.

  • The Base Price shall be decreased by 100 percent of the amount of any outstanding liabilities and obligations of the Company which are known by the Company or Seller as of the Closing Date which are not directly related to the Company's ownership interest in the Partnership (the "Company Unrelated Liabilities") (such decrease in the Base Price being referred to herein as the "Unrelated Liabilities Adjustment").

  • Seller shall prepare and submit to Purchaser, not later than 5 business days prior to the Closing Date, a written good faith estimate of the amount of the Working Capital Adjustment, Subscriber Adjustment, Capital Expenditures Adjustment, Unrelated Liabilities Adjustment and Debt Adjustment (collectively, the "Adjustments") in accordance with this Section 2.03 and Seller's estimate of the Purchase Price resulting from the Adjustments ("Seller's Estimate").

  • Notwithstanding any provision in this Agreement, Buyer will not assume and shall not be liable for any Unrelated Liabilities and all other liabilities or obligations of Seller except as otherwise expressly provided in this Agreement (collectively, the "Excluded Liabilities").

  • The Seller Indemnitors’ obligation to pay Retained Liabilities and Unrelated Liabilities shall not be limited by this Section 7.3(a)(i).

  • Prior to and (subject to Section 6.8 hereof) following Closing, Seller shall use its commercially reasonable best efforts to procure the release of the Company and the Subsidiary from any Unrelated Liabilities, provided that the failure or inability of Seller to procure any such releases shall not constitute a failure to satisfy a condition precedent to Closing pursuant to Section 7.2.

  • Following Closing, Seller shall use its commercially reasonable best efforts to assist the Buyer, the Company and the Subsidiary to procure the release of the Company and the Subsidiary from any Unrelated Liabilities, to the extent such releases have not been procured prior to Closing.

  • The actions of Seller, the Company and the Subsidiary (i) pursuant to Section 5.12, to sell, assign or otherwise transfer all Unrelated Assets, including, without limitation, any subsidiaries of the Company not engaged in the Business as set forth on Disclosure Schedule 3.13, and (ii) pursuant to Section 5.13, to procure the release of the Company and the Subsidiary from any Unrelated Liabilities, did not and shall not in the aggregate have a Material Adverse Effect on the Business.

  • The Seller Indemnitors’ obligation to pay Retained Liabilities or Unrelated Liabilities shall not be limited by this Section 7.3(b)(i).


More Definitions of Unrelated Liabilities

Unrelated Liabilities means any obligation or liability of Seller, Seller’s Affiliates, the Company, or any Division Entity to the extent the liability is: (a) arising solely by virtue of any Division Entity having been part of a consolidated group, for tax purposes, an ERISA-affiliated group or other affiliated or control group with Seller and its Affiliates, (b) associated with any "multiple employer plan" (as defined in Section 210 of ERISA or Section 413(C) of the Code) or "multiple employer welfare arrangement" (as defined in Section 3(40) of ERISA), (c) arising out of or relating to discontinued operations of the Division, (d) arising out of or related to dissolved, sold, transferred or discontinued operations or facilities of the Division as of Closing and any entities that were formerly part of the Division and have been dissolved, sold, transferred or discontinued, (e) arising out of or relating to any settlement of a Partnership Claim prior to the Closing Date, (f) arising under severance plans, transaction incentive plans and retention plans (except to the extent such obligations are accrued on the Statement), or (g) arising out of or relating to any violation of Law, fraudulent act, or breach of fiduciary duty by Seller, any Affiliate of Seller, the Company, or any Division Entity occurring prior to the Closing.
Unrelated Liabilities means any obligation or liability of Seller, Seller’s Affiliates, the Company, or any Division Entity to the extent the liability is: (a) arising solely by virtue of any Division Entity having been part of a consolidated group, for tax purposes, an ERISA-affiliated group or other affiliated or control group with Seller and its Affiliates, (b) associated with any "multiple employer plan" (as defined in Section 210 of ERISA or Section 413(C) of the Code) or "multiple employer welfare arrangement" (as defined in Section 3(40) of ERISA), (c) arising out of or relating to discontinued operations of the Division, (d) arising out of or related to dissolved, sold, transferred or discontinued operations or facilities of the Division as of Closing, any entities that were formerly part of the Division and have been dissolved, sold, transferred or discontinued, or any entities currently or formerly part of the Division but not transferred to Buyer pursuant to this Agreement by operation of Section 1.2 of the Disclosure Letter or otherwise, (e) arising out of or relating to any settlement of a Partnership Claim prior to the Closing Date, (f) arising under severance plans, transaction incentive plans and retention plans (except to the extent such obligations are accrued on the Statement), (g) arising out of or relating to any violation of Law (other than Laws regarding employment and employment practices), fraudulent act, or breach of fiduciary duty by Seller, any Affiliate of Seller, the Company, or any Division Entity occurring prior to the Closing, (h) arising out of or relating to any worker’s compensation or professional/general liability (malpractice) claim against any Division Entity arising out of or relating to events occurring prior to the Closing, or (i) arising out of or relating to the Amended and Restated Agreement of HealthTrust Inc. – The Hospital Company dated as of March 31, 1999, by and among Surgicare of Huntsville, Inc.; Out Patient Surgery Center, Inc.; The Surgery Center; HealthTrust, Inc. – The Hospital Company; and HealthSouth Corporation.
Unrelated Liabilities has the meaning set forth in Section 2.4.
Unrelated Liabilities means all Liabilities of any member of Purchaser's Group suffered or incurred after Closing, to the extent such Liabilities relate to (i) any pre-Closing activities of a Group Company where such activities did not form part of the Operations (including the assets used therein) as conducted at any time prior to Closing, (ii) the Restructuring or the Carve-Out Businesses, or (iii) the Non-Operating Facilities or the Former Facilities, excluding (a) Tax Liabilities, (b) Liabilities indemnified under the Environmental Indemnity, (c) Pre-Closing Liabilities, (d) Pre-Closing Product Liabilities, (e) Pre-Closing Toxic Tort Liabilities, (f) Pre-Closing FLSA Liabilities, (g) Pre-Closing Home Center Customer Claims and (h) Employment Costs and Employment Liabilities;

Related to Unrelated Liabilities

  • related liabilities means liabilities incurred or assumed for the purpose of financing the acquisition or ownership of financial assets and liabilities that are secured by financial assets;

  • Related Liability with respect to any Asset means any liability existing and reflected on the Accounting Records of the Failed Bank as of Bank Closing for (i) indebtedness secured by mortgages, deeds of trust, chattel mortgages, security interests or other liens on or affecting such Asset, (ii) ad valorem taxes applicable to such Asset, and (iii) any other obligation determined by the Receiver to be directly related to such Asset.

  • Stated Liabilities means the recorded liabilities (including contingent liabilities that would be recorded in accordance with GAAP) of the Borrower and its Subsidiaries taken as a whole, as of the date hereof after giving effect to the consummation of the Transactions, determined in accordance with GAAP consistently applied.

  • Consolidated Liabilities means, as at any date of determination, all liabilities of the Borrower and its Subsidiaries as of such date classified as liabilities in accordance with GAAP and determined on a Consolidated basis.

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Subordinated Liabilities means liabilities subordinated to the Borrower's obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra-Group Lenders.

  • Transferred Liabilities has the meaning set forth in Section 2.02(a).

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Covered Liabilities as defined in Subsection 11.23.

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Identified Contingent Liabilities means the maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities of the Borrower and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of the Borrower.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • SpinCo Liabilities shall have the meaning set forth in Section 2.3(a).

  • Combined Assets means the sum of Fund Assets and Other Assets; and

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Liabilities means any and all debts, liabilities and obligations, whether accrued or fixed, absolute or contingent, matured or unmatured or determined or determinable, including those arising under any Law, Action or Governmental Order and those arising under any contract, agreement, arrangement, commitment or undertaking.

  • Tax Liabilities means all liabilities for Taxes.

  • Assumed Obligations has the meaning specified in Section 2.2.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Product Liabilities means all claims, Liabilities and Proceedings related to or arising from actual or alleged harm, injury, damage or death to persons, animals, property or business, irrespective of the legal theory asserted, and resulting from or alleged to result from the use, sale or manufacture of the Products.

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).