Contract Liabilities definition

Contract Liabilities means the liabilities of the insurance company under account contracts, including liabilities with respect to which guarantees as to amount are provided by the insurance company and liabilities with respect to which guarantees as to amount are not provided by the insurance company.

Contract Liabilities shall have the meaning ascribed to such term in Section 2.4 hereof.

Contract Liabilities means any and all of London Pacific's gross risks, liabilities and obligations, based upon or arising out of the express terms and conditions of the Contracts.

Examples of Contract Liabilities in a sentence

• Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.

• Contract Liabilities For certain contractual arrangements, the Company receives cash consideration prior to providing the associated services resulting in deferred revenue recognition.

• Commitments under PFI Contract Liabilities Although the payments made to the contractor are described as unitary payments, they have been calculated to compensate the contractor for the fair value of the services they provide, the capital expenditure incurred and interest payable whilst the capital expenditure remains to be reimbursed.

• Consequently, allowances are made for reinsurance contracts which are deemed uncollectible.Reinsurance contracts are insurance contracts and undergo the classification as described within the Insurance and Investment Contract Liabilities section of this note.

• Insurance Contract Liabilities and Investment Contract LiabilitiesChanges in methods and assumptions and the impact of exchange rate fluctuations used in the calculation of provisions for future policy benefits and other insurance contract liabilities, as well as the financial assumptions used in the calculation of investment contract liabilities, take into account the economic uncertainties related to COVID-19.

More Definitions of Contract Liabilities

Contract Liabilities means all of the obligations and Liabilities of Seller with respect to the operation of the Stations to the extent arising as of or after the Effective Time under the Contracts that constitute assets being sold and assigned to Buyer pursuant to Section 1.1.

Contract Liabilities means all liabilities and obligations arising under the express terms and conditions of the Contracts. Without limiting the generality of the foregoing, the term "Contract Liabilities" shall include, without limitation, any and all of FAFLIC's liability:

Contract Liabilities shall have the meaning set forth in the Core Coinsurance Agreement.

Contract Liabilities means any and all liabilities of Seller arising on or after the Effective Time under any of the Contracts set forth in Schedule 1.1(a).

Contract Liabilities means the Liabilities arising under the Contracts due to actions taken or omitted to be taken by the Buyer Parties from and after the Closing and the Liabilities arising under Contracts entered into by the Seller between the date hereof and the Closing in the Ordinary Course of Business and as permitted by this Agreement; PROVIDED, HOWEVER, that the Contract Liabilities shall not include (i) any Liabilities under any Employee Benefit Plan, whether arising before or after the Closing Date, including, without limitation, employee or employer contributions to any employee benefit or pension plan and obligations and liabilities of the Seller for payroll, severance pay, accrued vacation, personal days, sick leave and other compensation, (ii) any other Liabilities or obligations to any Employees, former Employees or Contingent Workers with respect to or arising out of any actions taken or omissions to act on or before the Closing Date and (iii) any Liabilities of the Business or the Division arising under any intercompany payables or under any other Liability or obligation of the Business or the Division to the Seller or any of its affiliates.

Contract Liabilities means the liabilities of the Company under any of the Contracts expressly assumed by ALBANK pursuant to the terms hereof.

Contract Liabilities has the meaning given to it in Clause 9.2;