Define: Contingent Obligation

What does "Contingent Obligation" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.

Definition 1 (CARDINAL HEALTH INC, seen in 1 filing)

Contingent Obligation means of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or liability of any other Person for Indebtedness provided, however, that any assumption, guaranty, endorsement, arrangement or undertaking with respect to any liability of any of its Subsidiaries to any other of its Subsidiaries shall not be a Contingent Obligation of the Company.

Source: CARDINAL HEALTH INC 8-K

Definition 2 (Cencora, Inc., seen in 1 filing)

Contingent Obligation means of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort letter, operating agreement, take-or-pay contract or application for a letter of credit.

Source: Cencora, Inc. 8-K

Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 2
Companies: 2
Keywords:
Contingent Obligationdefinitioncontract languagelegal termSEC filing

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