Liability

Example Definitions of "Liability"
Liability. All liabilities and/or obligations, direct, indirect, absolute or contingent, whether accrued, vested or otherwise and whether or not reflected or required to be reflected on the financial statements of a person or entity.
Liability. The obligation incurred respecting a Proceeding to pay a judgment, settlement, penalty, and fine (including an excise tax assessed respecting an employee benefit plan), together with all or reasonable expenses ('Expenses'), which shall be broadly construed to include all direct and indirect costs of any nature whatsoever, attorneys' fees and disbursements, accountants' fees and disbursements, private investigation or expert fees and disbursements, retainers, court costs, payments of attachment,... appeal or other bonds or security, transcript costs, fees and expenses of witnesses, travel expenses, duplicating costs, printing and binding costs, electronic media costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses, including reasonable compensation for time spent by Indemnitee for which he is not otherwise compensated by the Corporation or any third party (provided that the rate of compensation and estimated time involved are approved by the Corporation's board of directors, which approval shall not be unreasonably withheld or delayed), actually and reasonably incurred by or for Indemnitee in connection with prosecuting, defending, preparing to prosecute or defend, investigating, appealing, or being or preparing to be a witness in any threatened or pending Indemnifiable Matter or establishing his right or entitlement to indemnification for any of the foregoing. View More
Liability. Or "Liabilities" means any liabilities, obligations or claims of any kind whatsoever whether absolute, accrued or un-accrued, fixed or contingent, matured or un-matured, asserted or unasserted, known or unknown, direct or indirect, contingent or otherwise and whether due or to become due, including without limitation any foreign or domestic tax liabilities or deferred tax liabilities incurred in respect of or measured by the Company's income, or any other debts, liabilities or obligations... relating to or arising out of any act, omission, transaction, circumstance, sale of goods or services, state of facts or other condition which occurred or existed on or before the date hereof, whether or not known, due or payable, whether or not the same is required to be accrued on the financial statements or is disclosed on the Disclosure Schedule. View More
Liability. For the purpose of this Agreement, "Liability" means any obligation to pay a judgment, settlement, penalty, fine or excise tax assessed with respect to an employee benefit plan, or expenses incurred with respect to a proceeding and includes obligations and expenses that have not yet been paid, but that have been or may be incurred;
Liability. Means, with respect to any Person, any liability or obligation of such Person whether known or unknown, whether asserted or unasserted, whether determined, determinable or otherwise, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, whether directly incurred or consequential, whether due or to become due and whether or not required under GAAP to be accrued on the financial statements of such Person.
Liability. Includes all liabilities (primary, secondary, direct, contingent, sole, joint or several) due or to become due, or that are now or may be hereafter contracted or acquired, under the Obligations (as hereinafter defined) of Debtor to the Creditor, both before and after any bankruptcy of the Debtor.
Liability. Means all actual, but not potential or contingent, losses, damages, costs and expenses
Liability. All Indebtedness, obligations and other liabilities of a Person (whether absolute, accrued, contingent, fixed or otherwise, or whether due or to become due)
Liability. Means any indebtedness, obligation (contractual, legal or otherwise), debt, claim, expense, Tax, and other liability or commitment of any kind or character, whether absolute, accrued, unaccrued, contingent, fixed or otherwise, whether known or unknown, and whether due or to become due, and "Liabilities" means all such indebtedness, obligations, debts, claims, expenses, Taxes, liabilities and other commitments.
Liability. Any debt, loss, damage, adverse claim, fines, penalties, liability or obligation (whether direct or indirect, known or unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued, matured or unmatured, determined or determinable, disputed or undisputed, liquidated or unliquidated, or due or to become due, and whether in contract, tort, strict liability or otherwise), and including all costs and expenses relating thereto (including all fees and expenses of legal counsel,... experts, engineers and consultants and costs of investigation) View More
All Definitions