Asbestos Liabilities

Example Definitions of "Asbestos Liabilities"
Asbestos Liabilities. Any liability arising from or relating to asbestos litigation cases or claims filed during the period commencing on or after the Share Purchase Closing Date with respect to the Foreign Subsidiaries or on or after the Merger Closing Date with respect to the Company and the Remaining Subsidiaries and ending on the seventh anniversary thereof that allege asbestosis or other personal injury or illness associated with exposure or alleged exposure to asbestos or otherwise based on the presence or... alleged presence of asbestos or asbestos-containing materials (each, an "Asbestos Exposure") at any current real property or facility owned, leased, occupied or operated by the Company Group or any of their respective predecessors or Affiliates or in any product manufactured, marketed, sold, installed or distributed by the Company Group or any of their respective predecessors or Affiliates, provided that (i) Asbestos 50 Liabilities shall not include any liability arising from an Asbestos Exposure in which the facts or events underlying such Asbestos Exposure first existed or first occurred after the Share Purchase Closing Date with respect to the Foreign Subsidiaries or after the Merger Closing Date with respect to the Company and the Remaining Subsidiaries, and (ii) with respect any liability arising from an Asbestos Exposure in which the facts or events underlying such Asbestos Exposure occurred or existed both prior to and after the Share Purchase Closing Date and the Merger Closing Date, Asbestos Liabilities shall not include any liability attributable to the Asbestos Exposure that occurred or existed after the Share Purchase Closing Date with respect to the Foreign Subsidiaries or after the Merger Closing Date with respect to the Company and the Remaining Subsidiaries. View More Arrow
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