Minimum Liability definition

Minimum Liability means [xxxxxxxx];
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Minimum Liability means US$50,000;
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Minimum Liability means the aggregate of the value of the Price(s) for Purchase Order(s) issued by CBNG to the Supplier in the previous twelve (12) months from any Claim arising or One Hundred and Fifty Thousand US Dollars (US$150,000) whichever is the greater. New IPR means any new Intellectual Property Rights developed by the Supplier under this Agreement during the Term;
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Examples of Minimum Liability in a sentence

  • Minimum Liability Insurance Coverage: Minimum Contents Insurance Coverage: $ $ 2.

  • Construction Budget Minimum Liability Coverage $50,000,000 and above $2,000,000 per claim $4,000,000 aggregate $25,000,000 to $50,000,000 $2,000,000 per claim $2,000,000 aggregate $1,500,000 to $25,000,000 $1,000,000 per claim $1,000,000 aggregate Less than $1,500,000 $500,000 per claim $500,000 aggregate GSD reserves the right to require additional coverage from that set forth in the chart above, at GSD's expense for the additional coverage portion only.

  • Construction Budget Minimum Liability Coverage $50,000,000 and above $2,000,000 per claim, $4,000,000 aggregate $25,000,000 and above, but under $50,000,000 $2,000,000 per claim, $2,000,000 aggregate $1,500,000 and above but under $25,000,000 $1,000,000 per claim, $1,000,000 aggregate Under $1,500,000 $ 500,000 per claim, $ 500,000 aggregate Valuable papers and Records Coverage and/or Electronic Data Processing (Data and Media) Coverage.

  • Except for the amount of the Agreed Value, the Minimum Liability Coverage and the deductible under Xxxxxx’s hull and war risk insurance policies, Lessor may from time to time stipulate such other requirements for the Insurances as Lessor reasonably considers necessary to ensure that the scope and level of cover is maintained in accordance with the then prevailing industry practice in relation to aircraft of the same type as the Aircraft and in relation to operators of similar standing to Lessee.

  • Minimum Liability Amount: CWC section 13385, subdivision (e) requires that, at a minimum, the economic benefit derived from the violations be recovered.

  • Minimum Liability $0.0 The violation is not subject to mandatory minimum penalties per Water Code section 13385(h) and (i), and the Discharger did not benefit economically from the violation.

  • Minimum Liability $2,600 The Enforcement Policy states that the total liability must be at least 10 percent higher than the economic benefit “so that liabilities are not construed as the cost of doing business and the assessed liability provides meaningful deterrent to future violations.” Therefore, the minimum total liability associated with the economic benefit of $2,400 is $2,600.

  • Unless waived by District in writing in advance of the Services and Products to be provided hereunder, Architect shall provide, at its sole cost and expense, Practice Professional Liability Insurance with per occurrence and annual aggregate policy limits based upon the following chart: Contract Sum Minimum Liability Coverage $10,000,000 and over $2,000,000 $5,000,000 - $10,000,000 $1,000,000 $250,000- $5,000,000 $ 500,000 Under $250,000 Not Required Valuable Papers and Records Coverage.

  • Step 9: Minimum Liability $594 Based on California Water Code section 13385, civil liability must be at least the economic benefit of non- compliance.

  • PENALTY FACTOR VALUE DISCUSSION Minimum Liability $0.0 The violation is not subject to mandatory minimum penalties per Water Code section 13385(h) and (i), and the Discharger did not benefit economically from the violation.


More Definitions of Minimum Liability

Minimum Liability. COVERAGE As defined in Annex A. MODIFICATION LIMIT As defined in Annex A. NEW OPERATOR CREDIT As defined in Annex A. OWNER TRUSTEE First Security Bank, National Association, not in its individual capacity, except as expressly provided herein, but solely as owner trustee under the Trust Agreement. OWNER TRUSTEE DOCUMENTS This Agreement, the Trust Agreement and the Purchase Agreement Assignment. PART Whether or not installed on the Aircraft:
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Related to Minimum Liability

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Minimum Essential Coverage has the meaning given in the Affordable Care Act, 26 U.S.C. §5000A(f).

  • Defects Liability Period (Warranty Period) means the period stated in the Schedule A Special Stipulations, following the taking over, during which the Contractor is responsible for making good defects and damage in accordance with Clause 15.

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Proportionate Liability means the proportion of any judgment that, had the Settling Defendants not settled, the Ontario Court or Quebec Court, as applicable, would have apportioned to the Releasees.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • 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);

  • Personal liability means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization:

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Common expense liability means the liability for common