Common use of SEPARATE COMPANY LIABILITIES Clause in Contracts

SEPARATE COMPANY LIABILITIES. Notwithstanding the provisions of section 2 hereof, for all periods through and including Second Short 97 Taxes imposed upon Choice or any of its direct and indirect subsidiaries and which are determined or assessed on a separate company basis will be the separate liability of Choice or such subsidiary and not subject to allocation or sharing among other Members of the Sunburst Group.

SEPARATE COMPANY LIABILITIES. Notwithstanding the provisions of section 2 hereof, for all periods through and including Second Short 97 Calendar Year 1997, Taxes imposed upon Choice or any of its direct and indirect subsidiaries and which are determined or assessed on a separate company basis will be the separate liability of Choice or such subsidiary and not subject to allocation or sharing among other Members of the Sunburst Group.