Provisions and Reserves. Neither of the Sellers shall be liable for any claim to the extent that: 6.1 any specific provision or reserve has been made in the Accounts or in the Adjustment Statement or in Net Working Capital in respect of the fact, matter, event or circumstance giving rise to such claim; or 6.2 any specific provision or reserve made in any of the Accounts in respect of the fact, matter, event or circumstance giving rise to such claim is insufficient by reason of any change to legislation, any increase in rates of taxation or any change in the published practice of a revenue authority, in each case made on and/or after today’s date.
Appears in 1 contract
Sources: Share Sale Agreement (NTL Inc)
Provisions and Reserves. Neither of the Sellers shall be liable for any claim to the extent that:that:-
6.1 any specific provision or reserve has been made in any of the Accounts or in the Adjustment Statement or in Net Working Capital in respect of the fact, matter, event or circumstance giving rise to such claim; or
6.2 any specific provision or reserve made in any of the Accounts in respect of the fact, matter, event or circumstance giving rise to such claim is insufficient by reason of any change to legislation, any increase in rates of taxation or any change in the published practice of a revenue authority, in each case made on and/or after today’s date.
Appears in 1 contract
Sources: Master Agreement (NTL Inc)