CONTINUING LIABILITY definition

CONTINUING LIABILITY means a payment due by a debtor, other than arrears of such a payment, in respect of–
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CONTINUING LIABILITY and "Continuing Liabilities" shall have the meanings respectively assigned to them in Section 2.03 hereof.
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CONTINUING LIABILITY means any liability that commences, or that arises from facts in existence, prior to the Closing and that continues, or the facts giving rise to which continue, to exist after the Closing. Subject to clause (b), Seller is indemnifying Buyer against Continuing Liabilities to the extent arising from Seller's operation of the Business prior to Closing pursuant to Section 7.3(e), and Buyer is indemnifying Seller against Continuing Liabilities to the extent arising from Buyer's operation of the Business after Closing pursuant to Section 7.4(d).
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Examples of CONTINUING LIABILITY in a sentence

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 6 2.1. Grant of Security Interest 6 2.2. Continuing Liability Under Collateral 7 2.3. Foreign Action 7 SECTION 3.

  • CONTINUING LIABILITY OF LESSEE FOR EXCLUDED EQUIPMENT ----------------------------------------------------- Except as provided to the contrary in this Section 2, and subject to --------- Lessee's satisfaction of each of the conditions and covenants described herein, Lessee shall not be responsible for any payment due to the Seller as required in Section 4.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 13 SECTION 4.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL........

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 36 SECTION 4.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 12 Section 3.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL .....

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL.....................

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 9 SECTION 4.

  • GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL.......................................................................................13 SECTION 3.


More Definitions of CONTINUING LIABILITY

CONTINUING LIABILITY shall have the meaning set forth in Section 10.02(a).
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Related to CONTINUING LIABILITY

  • Hedging Liability means the liability of the Borrower or any Subsidiary to any of the Lenders, or any Affiliates of such Lenders, in respect of any interest rate, foreign currency, and/or commodity swap, exchange, cap, collar, floor, forward, future or option agreement, or any other similar interest rate, currency or commodity hedging arrangement, as the Borrower or such Subsidiary, as the case may be, may from time to time enter into with any one or more of the Lenders party to this Agreement or their Affiliates.

  • Continuing Obligations means obligations or responsibilities that are reasonably expected to or actually continue or arise after Operations on a particular area of the Properties have ceased or are suspended, such as future monitoring, stabilization, or Environmental Compliance.

  • Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);