Asbestos Legislation definition

Asbestos Legislation is intended to encompass what is commonly understood to be "asbestos reform" legislation and is not intended to encompass general tort reform, class action reform, malpractice reform, or tax reform, or any other legislation that would regulate, limit or control Claims without regard to whether such claims arise from or are attributable to exposure to asbestos or asbestos-containing products. For the avoidance of doubt, the fact that legislation alters or modifies the requirements or standards for establishing liability against the Debtors and/or the Plan Trust (including legislation that imposes medical and/or exposure criteria, imposes strict liability on the Debtors and/or the Plan Trust, or regulates or limits the jurisdiction or forum in which an Asbestos Claim may be brought) does not make such legislation "Asbestos Legislation" under this sub-paragraph 2.D.1.a.
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Asbestos Legislation means any legislation enacted by the United States Congress and signed by the President of the United States by no later than January 3, 2006, or that becomes law without the President's signature by no later then January 3, 2006, that (1) regulates, limits or controls the prosecution of substantially all Plan Trust Asbestos Claims in the state or federal courts; (2) creates or purports to create an obligation on Federal to pay money pursuant to the legislation for the benefit of asbestos claimants; and (3) replaces, at least in part, Federal's obligations to policyholders under policies of insurance covering or alleged to cover Asbestos Claims. The term "Asbestos Legislation" is intended to encompass what is commonly understood to be "asbestos reform" legislation and is not intended to encompass general tort reform, class action reform, malpractice reform, or tax reform, or any other legislation that would regulate, limit or control Claims without regard to whether they arise from or attributable to exposure to asbestos or asbestos-containing products. For the avoidance of doubt, the fact that legislation alters or modifies the requirements or standards for establishing liability against the Debtors and/or the Plan Trust (including legislation that imposes medical and/or exposure criteria, imposes strict liability on the Debtors and/or the Plan Trust, or regulates or limits the jurisdiction or forum in which an Asbestos Claim may be brought) does not make such legislation "Asbestos Legislation" under this Paragraph I.D.
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Asbestos Legislation. The term "Asbestos Legislation" means any legislation enacted by the United States Congress and signed by the President of the United States by no later than the Trigger Date, or that becomes law without the President's signature by no later than the Trigger Date, that (1) regulates, limits or controls the prosecution of Asbestos Claims in the state or federal courts, (2) creates or purports to create an obligation on Mt. McKinley and/or Everest to pay money pursuant to the legislation for xxx xxxefit of asbestos claimants; and (3) replaces, at least in part, Mt. McKinley's and/or Everest's obligations to policyholders under policxxx xx xxxurance covering or alleged to cover Asbestos Claims. The term "Asbestos Legislation" is intended to encompass what is commonly understood to be "asbestos reform" legislation and is not intended to encompass general tort reform, class action reform, malpractice reform, or tax reform, or any other legislation that would regulate, limit or control Claims without regard to whether such claims arise from or are attributable to exposure to asbestos or asbestos-containing products. For the avoidance of doubt, the fact that legislation alters or modifies the requirements or standards for establishing liability against the Debtors and/or the Plan Trust (including legislation that imposes medical and/or exposure criteria, imposes strict liability on the Debtors and/or the Plan Trust, or regulates or limits the jurisdiction or forum in which an Asbestos Claim may be brought) does not, in itself, make such legislation "Asbestos Legislation" under this sub-paragraph 2.D.1.a.
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Examples of Asbestos Legislation in a sentence

  • The Parties acknowledge that various provisions in the Agreement relating to Asbestos Legislation have become moot.

  • Subject to the provisions of Paragraph 2.D below, relating to Federal Asbestos Legislation, any and all payments by Mt. McKinley and Everest, including, without limitation, the Prior Paymexxx (xx any) and the Settlement Amount are deemed final and irrevocable payments upon the occurrence of the Trigger Date.

  • The Parties acknowledge that at the present time it appears unlikely that the Federal Asbestos Legislation will be enacted into law prior to 380 days after the Effective Date of this Agreement.

  • Subject to the provisions of Paragraph 2.D below, relating to Federal Asbestos Legislation, any and all payments by Mt. McKinley and Everest, including, without limitation, the Prior Paymenxx (xx xny) and the Settlement Amount are deemed final and irrevocable payments upon the occurrence of the Trigger Date.


More Definitions of Asbestos Legislation

Asbestos Legislation means any legislation enacted by the United States Congress and signed by the President of the United States by no later than the Trigger Date, or that becomes law without the President's signature by no later than the Trigger Date, that (1) regulates, limits or controls the prosecution of Asbestos Claims in the state or federal courts, (2) creates or purports to create an obligation on Mt. McKinley and/or Everest to pay money pursuant to the legislation for xxx xxxxfit of asbestos claimants; and (3) replaces, at least in part, Mt. McKinley's and/or Everest's obligations to policyholders under policixx xx xxxxrance covering or alleged to cover Asbestos Claims. The term "Asbestos Legislation" is intended to encompass what is commonly understood to be "asbestos reform" legislation and is not intended to encompass general tort reform, class action reform, malpractice reform, or tax reform, or any other legislation that would regulate, limit or control Claims without regard to whether such claims arise from or are attributable to exposure to asbestos or asbestos-containing products. For the avoidance of doubt, the fact that legislation alters or modifies the requirements or standards for establishing liability against the Debtors and/or the Plan Trust (including legislation that imposes medical and/or exposure criteria, imposes strict liability on the Debtors and/or the Plan Trust, or regulates or limits the jurisdiction or forum in which an Asbestos Claim may be brought) does not, in itself, make such legislation "Asbestos Legislation" under this sub-paragraph 2.D.1.a.
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Asbestos Legislation means the Control of Asbestos Regulations 2012 or any other legislation or statutory guidance having legally binding effect which has as its purpose or effect the identification and management of asbestos in non-domestic premises but only to the extent applicable to the Group Companies up to Completion (and not by reason of becoming a subsidiary of the Purchaser);
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Asbestos Legislation has the meaning set forth in Section 3.4(e) of the Agreement.
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Related to Asbestos Legislation

  • FOI Legislation means the Freedom of Information Xxx 0000, all regulations made under it and the Environmental Information Regulations 2004 and any amendment or re-enactment of any of them; and any guidance issued by the Information Commissioner, the Department for Constitutional Affairs, or the Department for Environment Food and Rural Affairs (including in each case its successors or assigns) in relation to such legislation;

  • Environmental Legislation means any laws, statutes, regulations, orders, bylaws, permits or lawful requirements of any governmental authority with respect to environmental protection;

  • Bail-In Legislation means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

  • UK Bail-in Legislation means Part I of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings).

  • UK Data Protection Legislation means all applicable data protection and privacy legislation in force from time to time in the UK including the UK GDPR; the Data Protection Act 2018; the Privacy and Electronic Communications Directive 2002/58/EC (as updated by Directive 2009/136/EC) and the Privacy and Electronic Communications Regulations 2003 (SI 2003/2426) as amended.

  • Data Protection Legislation means the Data Protection Act 1998 and all applicable laws and regulations relating to processing of personal data and privacy, including where applicable the guidance and codes of practice issued by the Information Commissioner or relevant Government department in relation to such legislation;

  • Tax Legislation means any statute, statutory instrument, enactment, law, by-law, directive, decree, ordinance, regulation or legislative provision or generally applicable ruling (such as a revenue ruling issued by the U.S. Internal Revenue Service) enacted, issued or adopted providing for, imposing or relating to Tax; and

  • Bribery Legislation means the Bribery Act 2010 and any subordinate legislation made under it from time to time together with any guidance or codes of practice issued by the government concerning the legislation;

  • Privacy Legislation means all laws and regulations, including (without limitation) the laws and regulations of the European Union, the European Economic Area and their member states, which are applicable to the processing of Personal Data under this Agreement, including (without limitation) the EU General Data Protection Regulation (2016/679) (“GDPR”); and

  • AML Legislation has the meaning assigned to such term in Section 9.16(a).

  • Enabling Legislation means the CCA;

  • Protection Legislation means (i) the GDPR; (ii) the Data Protection Act 2018 to the extent that it relates to the processing of Personal Data and privacy; and (iii) all applicable Law relating to the processing of Personal Data and privacy, including where applicable the guidance and codes of practice issued by the Information Commissioner, in each case as amended, supplemented or substituted from time to time; Domestic Successor means, as the context requires, either:

  • provincial legislation means legislation contemplated in section 10 of the Act promulgated by the Province;

  • Applicable Legislation means any statute of Canada or a province thereof, and the regulations under any such named or other statute, relating to warrant indentures or to the rights, duties and obligations of warrant agents under warrant indentures, to the extent that such provisions are at the time in force and applicable to this Indenture;

  • securities legislation means statutes concerning the regulation of securities markets and trading in securities and the regulations, rules, forms and schedules under those statutes, all as amended from time to time, and the blanket rulings and orders, as amended from time to time, issued by the securities commissions or similar regulatory authorities appointed under or pursuant to those statutes; “Canadian securities legislation” means the securities legislation in any province or territory of Canada and includes the Securities Act (British Columbia); and “U.S. securities legislation” means the securities legislation in the federal jurisdiction of the United States and in any state of the United States and includes the Securities Act of 1933 and the Securities Exchange Act of 1934; and

  • GST Legislation means A New Tax System (Goods and Services Tax) Xxx 0000 (Cth) and any related tax imposition act (whether imposing tax as a duty of customs excise or otherwise) and includes any legislation which is enacted to validate recapture or recoup the tax imposed by any of such acts.

  • EU Bail-In Legislation Schedule means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

  • Equality Legislation means any and all legislation, applicable guidance and statutory codes of practice relating to diversity, equality, non-discrimination and human rights as may be in force from time to time in England and Wales or in any other territory in which, or in respect of which, the Supplier provides the Services;