Economic Liability definition

Economic Liability means the present value of all projected future benefit payments ("PVFB") less the PVFB earned after the applicable Leasing Company Contribution Date under the ongoing Newco plans (excluding the transition benefits identified on Appendix 4.4(m)(i)(w) 1.1 attached hereto). Present value calculations will utilize an annual discount rate of 8.50%, unless otherwise agreed to by the Parties. The calculation of Economic Liability shall be performed by Chicago Consulting Actuaries and shall utilize such other actuarial assumptions as may be mutually agreed upon by the Parties.
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Examples of Economic Liability in a sentence

  • In determining whether there is Seller Economic Liability, the maximum amount payable with respect to other pending claims under Section 10.3 (including other Tax Claims) shall be taken into account.

Related to Economic Liability

  • Public liability means the Insured’s legal liability for Personal Injury or Property Damage happening during the Period of Insurance within the Territorial Limits as a result of an Occurrence happening in connection with the Business other than Products Liability.

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Economic damages means objectively verifiable monetary losses, including medical expenses, loss of earnings, burial costs, loss of use of property, cost of replacement or repair, cost of obtaining substitute domestic services, loss of employment, and loss of business or employment opportunities.

  • Economic Life means the period over which improvements to real property contribute to property value.

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.