Common use of Shared Liability Clause in Contracts

Shared Liability. With respect to Environmental Liabilities resulting both from (i) acts, omissions and circumstances caused or existing prior to the Closing Date and (ii) acts, omissions and circumstances caused or existing on or after the Closing Date, Seller and Purchaser shall bear the respective liability prorated in relation to the degree of Environmental Liabilities which was caused or existing (a) prior to or (b) on or after the Closing Date.