Common use of Material Contingent Liabilities Clause in Contracts

Material Contingent Liabilities. There are no material contingent liabilities of the Trust and its Affiliates considered on a consolidated basis that are required to be disclosed in the Financial Statements by Canadian GAAP and which are not disclosed in the Financial Statements, and to the knowledge of the Trust, no material contingent liabilities have arisen subsequent to March 31, 2010 which would be required to be disclosed in the Financial Statements by Canadian GAAP if such contingent liabilities had occurred prior to March 31, 2010.

Appears in 2 contracts

Sources: Investment Agreement, Investment Agreement (Penn West Energy Trust)