additional liability definition

additional liability means the percentage increase, the insurance premium, or the additional amount in re- spect of provision made by a membership organisation, as the case may be; and
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additional liability means in relation to a Liability, any liability which arises or is incurred as a result of or in connection with:
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additional liability means in relation to a Liability, any present and future liabilities and obligations at any time of all or any of the Obligors, both actual and contingent and whether incurred solely or jointly or in any other capacity together with any of the following matters which arises or is incurred as a result of or in connection with:
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Examples of additional liability in a sentence

  • In June 2018 the new Law of Ukraine on Limited and Additional Liability Companies (New LLC Law) came into effect presenting certain innovations for regulating the formation of a company management body (including general managers).

  • Agencies/organizations are responsible for calculating interest under the Prompt Payment Act.C.3.3.13.2 Additional Liability for Individually Billed Accounts (IBAs)In addition to the items contained in the general program requirements, full liability for all charges and fees associated with IBAs rests with the individual account holder.

  • For all other shipments, a maximum of $100,000.00 in excess liability coverage is available unless Shipper obtains an exception as provided in subparagraph (b) below.B. Procedure for Requesting Additional Liability.

  • The list (soft copy) of finally admitted applicants on the basis of Sports shall be sent to the Dean, Admissions and Director, DUSC by the Colleges within seven days of the last date of admission of the University.

  • Additional Liability Coverage may be purchased in the amount up to $1,000 for U.S. and international shipments, except for Tracked Packet – USA items and Tracked Packet – International items.

  • Additional Liability Coverage may be purchased in increments of $100 up to $5,000 for shipments within Canada.

  • Additional Liability insurance required for National Elected Officers shall include Errors and Omissions, Advertising Injury and Personal Injury insurances.

  • Joint-stock companies or limited liabilities partnerships with 50% or more of State participation were governed by the Law "On Joint Stock Companies" of 13 May 2003, the Law "On Limited and Additional Liability Partnerships" of 22 April 1998, the Law No. 413-IV, the Law "On the Securities Market" of 2 July 2003 and the Civil Code of the Republic of Kazakhstan.

  • There is Additional Liability of Rs. 3644 Crore in the Books of GUVNL’s Accounts for FY 2019-20 towards various judgments of court and GSECL Sikka Unabsorbed Depreciation.

  • Additional Liability for Uninsured Employers‌1) An uninsured employer is responsible for obtaining and paying for any legal representation required to litigate a workers’ compensation claim.


More Definitions of additional liability

additional liability means an amount that, when added to the amount on deposit, will provide the remaining portion of the pension reserve for the period of service that corresponds to the contributions made by or on behalf of a member.
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Related to additional liability

  • 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:

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • 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.

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

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • 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.

  • Third Party Liability means both of the following:

  • 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.

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

  • 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.

  • Liability means any liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

  • Direct Damage has the meaning given to it in clause 26.2;

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

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.