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Contingent Liabilities
Contingent Liabilities contract clause examples

Contingent Liabilities . Except for those Contingent Liabilities of the Co‑Borrowers owed pursuant to this Agreement or otherwise relating to Debt permitted by Section 7.01, not, and not permit any other Co-Borrower or Subsidiary to, incur any Contingent Liabilities.

MPT shall not be liable under this Agreement or the Tax Covenant in respect of any liability which is contingent unless and until such contingent liability becomes an actual liability and is due and payable.

Contingent Liabilities. Guarantee, endorse or become liable, directly or indirectly, contingently or otherwise, for the obligations of others (except by the endorsement of negotiable instruments payable at sight for deposit or collection) or become a party to any suretyship, guaranty or other similar type agreement, nor permit any consolidated subsidiary to do the same (except as may be provided for herein).

Partnerships; Contingent Liabilities. Except as indicated in the Financial Statements of Borrower and Guarantor delivered to Lender prior to Closing, neither Borrower or Guarantor are a partner or joint venturer with any other Person or a participant in any business enterprise for which it is generally liable, nor does Borrower or guarantor have any contingent liabilities of any description except for Permitted Indebtedness and as otherwise expressly disclosed in this Agreement,

The maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent or unliquidated liabilities of the applicable Loan Party after giving effect to the Loans to be made by the Lenders on the Closing Date and the consummation of the other Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of such Loan Party.

The maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other

Restriction on Contingent Liabilities. Borrower will not guarantee or become a surety or otherwise contingently liable for any obligations of others, except # pursuant to the deposit and collection of checks and similar matters in the ordinary course of business; and # guaranties or other contingent liabilities in favor of Bank and its affiliates.

Restriction on Contingent Liabilities. Borrower will not guarantee or become a surety or otherwise contingently liable for any obligations of others, except # pursuant to the deposit and collection of checks and similar matters in the ordinary course of business; and # guaranties or other contingent liabilities in favor of Bank and its affiliates.

Litigation and Contingent Liabilities . No litigation (including derivative actions), arbitration proceeding or governmental investigation or proceeding is pending or, to the Co‑Borrowers’ knowledge, threatened in writing against any Co-Borrower or any Subsidiary which might reasonably be expected to have a Material Adverse Effect, except as set forth in [Schedule 5.05]. Other than any liability incident to such litigation or proceedings, no Co‑Borrower or Subsidiary has any material Contingent Liabilities not permitted by Sections 7.01 or 7.14.

Debt and Contingent Liabilities. As of the Closing Date, set forth on [Schedule 6.1(i)] is a complete and correct listing of all of Borrowers’ # Borrowed Debt, and # Contingent Liabilities.

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