Common use of Secondary Liability Clause in Contracts

Secondary Liability. No Group Company has within the last six years entered into any indemnity, guarantee or covenant under which it has agreed to meet or pay a sum equivalent to or by reference to another person’s liability to Tax.

Secondary Liability. No Group Company has within in the last six five (5) years entered into into, and is not bound by, any indemnity, guarantee or covenant under which it has agreed to meet or pay a sum equivalent to or by reference to another person’s 's liability to Tax.