Common use of Division of Liabilities Clause in Contracts

Division of Liabilities. If a Project is to be wound up and there remains any liability or debt in excess of the realised property and assets of the Project, then the liability or debt is to be met by the Project Participants in the proportions referred to in the Project Plan & Budget.

Division of Liabilities. ‌ If a Project or Service is to be wound up and there remains any liability or debt in excess of the realised property and assets of the Project, Project or Service then the liability or debt is to be met by the Project Participants in the proportions referred to in the Project Plan & BudgetPlan.

Division of Liabilities. If a Project is to be wound up and there remains any liability or debt in excess of the realised property and assets of the Project, Project then the liability or debt is to be met by the Project Participants in the proportions referred to in the Project Plan & Budgetoriginal agreement.

Division of Liabilities. If a Project is to be wound up and there remains any liability or debt in excess of the realised property and assets of the Project, then the liability or debt is to be met by the Project Participants in the proportions referred to in the Project Plan & BudgetBusiness Case.