Estimated Liability definition

Estimated Liability means in relation to an Outstanding Claim, a genuine and bona fide estimate of the amount of the Vendors’ liability to the Purchaser (subject to Clause 8.5) if the Outstanding Claim were to be resolved in the Purchaser’s favour;

Estimated Liability has the meaning given in paragraph 2.3(d);

Estimated Liability means in relation to an Outstanding Claim, a genuine and bona fide estimate of the amount of the party’s liability to the Buyer if the Outstanding Claim were to be resolved in the Buyer’s favour, as agreed or determined in accordance with clause 14.2.

Examples of Estimated Liability in a sentence

• Notwithstanding anything else herein, the State's total liability under this Contract (including without limitation any exhibits, schedules, amendments or other attachments to the Contract) or otherwise shall under no circumstances exceed the Estimated Liability.

• Notwithstanding anything else herein, the State’s total liability under this Contract (including without limitation any exhibits, schedules, amendments or other attachments to the Contract) or otherwise shall under no circumstances exceed the Estimated Liability.

• The self- insurance retention (SIR) limit (i.e., the maximum amount of any one loss that the school district determines it can sustain) for settling claims under the SIR threshold for events that have occurred on or before the balance sheet date, including reported claims and claims incurred but not reported.2272 Estimated Liability for Claims Adjustment.

• Policyholders Funds are the aggregate of Estimated Liability for Outstanding Claims including incurred but not reported (IBNR) & Incurred but not Enough Reported (IBNER), Unexpired Risk Reserve (URR), Premium Deficiency (if any), Catastrophe Reserve (if any), and Other Liabilities net off Other Assets.

• Estimated Liability – Rs. 50 Crores Selection of Insurer for Comprehensive Cyber Risk Insurance Policy for the Rajasthan State Cooperative Bank Ltd.

More Definitions of Estimated Liability

Estimated Liability the amount claimed in good faith by the Buyer in respect of a Claim.

Estimated Liability has the meaning given to that term in paragraph 6 of Schedule 7;

Estimated Liability in relation to an Outstanding Claim, an amount agreed by the Buyer and the Seller’s Representative in writing to be a reasonable and bona fide estimate of the amount of the Seller’s liability to the Buyer if the Outstanding Claim were to be resolved in the Buyer’s favour, or, in the absence of such agreement, the amount specified to be a reasonable and bona fide estimate of the amount of the Sellers’ liability to the Buyer in respect of such Outstanding Claim in a written opinion of Counsel to be addressed to the Buyer and the Sellers’ Representative (provided that Counsel is prepared to address his opinion to both the Buyer and the Sellers’ Representative) in which Counsel opines that the Outstanding Claim has a greater than 50% chance of succeeding.

Estimated Liability in relation to an Outstanding Claim, a genuine and bona fide estimate of the amount of the Sellers’ liability to the Buyer if the Outstanding Claim were to be resolved in the Buyer’s favour, as agreed or determined in accordance with clause 8.4;

Estimated Liability has the meaning given in Clause 9.6(d);

Estimated Liability has the meaning given to it in paragraph 2(E) in Schedule 13 (Set-Off);

Estimated Liability means the estimated quantum of damages payable in respect of a Claim (as defined in clause 9.1) which has not been settled in accordance with clause 9.4;