Common use of Amount of Liability Clause in Contracts

Amount of Liability. 4.1 In the event that the Covenantor is liable to make any payment under sub-clauses 2.1 and 2.2 the amount of that payment shall be equal to: 4.1.1 in respect of an ‘A’ Liability for Taxation, the amount of the relevant payment; 4.1.2 in respect of a ‘B’ Liability for Taxation, the amount of the benefit of the relevant repayment which is not obtained; 4.1.3 in respect of a ‘C Liability for Taxation, the amount by which a Liability for Taxation is reduced by means of the relevant utilisation of the Tax Relief; 4.1.4 in respect of a ‘D’ Liability for Taxation, the amount of any liability to make a payment in respect of any Taxation which would not have been made or become due had there been no loss of the Tax Relief in question; 4.1.5 in respect of an ‘E’ Liability for Taxation, the amount of the repayment or payment liable to be made together with (in each such case) the amount of all costs and expenses incurred by the Buyer or any member of the Group in connection either with a claim under the Schedule or any Claim or in connection with the subject matter of any such claim or Claim, including in connection with any action taken as referred to in clause 8 below and any satisfaction or settlement of a Liability for Taxation in accordance with that clause.