Financial Limits definition

Financial Limits means the Financial Limits for claims relating to Covered Components as referred to in Section 3 and Section 4.
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Financial Limits means the financial limits set out in the Scheme of Delegation;
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Examples of Financial Limits in a sentence

  • Any Deductions shall not be taken into consideration when calculating the Supplier’s liability under Clause 36.2 (Financial Limits).

  • Insert an appropriate percentage to facilitate the ability of the Customer to terminate the Call Off Contract for material Default where, as a result of any Defaults, the Customer incurs Losses in any Call Off Contract Year which exceed a certain percentage of the value of the Supplier’s aggregate annual liability limit for that Call Off Contract Year as set out in Clause 36.2.1 (Financial Limits).

  • The liability of the Underwriter shall not exceed during the Period of Insurance the amount shown as the Sum Insured shown on the Certificate of Insurance, or the relevant limit in the Financial Limits section of this Policy, whichever is the lesser.

  • The Financial Limits are index linked in accordance with Condition 6 of the General Conditions.

  • The Covered Components and Financial Limits (inclusive of GST) are listed in the table below.

  • Any Deductions shall not be taken into consideration when calculating the Suppliers liability under Clause 36.2 (Financial Limits).

  • Any Deductions shall not be taken into consideration when calculating the Suppliers liability under Clause 25.3 to 25.4 (Financial Limits).

  • Any Deductions shall not be taken into consideration when calculating the Supplier’s liability under Clause 36.2.1 (Financial Limits).

  • The liability of the Underwriter shall not exceed during the Period of Insurance the amount shown as the Sum Insured on the Certificate of Insurance, subject to the limits specified in the Financial Limits section of this Policy, index linked in accordance with Condition 5.

  • The Customer may, in the Call Off Order Form, request the following Alternative Clauses: Scots Law (see paragraph 171.1 of this Call Off Schedule 14); Northern Ireland Law (see paragraph 171.2 of this Call Off Schedule 14); Non-Crown Bodies (see paragraph 171.3 of this Call Off Schedule 14); Non-FOIA Public Bodies (see paragraph 171.4 of this Call Off Schedule 14); Financial Limits (see paragraph 171.5 of this Call Off Schedule 14).

Related to Financial Limits

  • Financial Period means a Financial Year or any other period in respect of which accounts are required to be prepared and certified by the auditors of the relevant company to enable it to comply with all relevant legal and accounting requirements and all requirements of any stock exchange on which any securities of the company are listed;

  • GM Financial means AmeriCredit Financial Services, Inc. d/b/a GM Financial.

  • Financial Parties The Noteholders and the Certificateholders.

  • Financial aid means loans and/or grants to needy students

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Annual Financial Statements has the meaning set forth in Section 3.06.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • Selected Consolidated Financial Data and "Capitalization" fairly present the information set forth therein on a basis consistent with that of the audited financial statements contained in the Registration Statement.

  • Total Liquidity means, at any date of determination, the sum of (i) Cash Liquidity plus (ii) unencumbered Investment Securities; provided, that “Total Liquidity” and associated components thereof shall be determined without regard to the effects of consolidation of any issuer of a Specified Third Party Securitization on the financial statements of Guarantor under Accounting Standards Codification Section 810, as amended, modified or supplemented from time to time, or otherwise under GAAP.

  • financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;

  • Liquidity Capitalization means the number, as of immediately prior to the Liquidity Event, of shares of the Company’s capital stock (on an as-converted basis) outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding: (i) shares of Common Stock reserved and available for future grant under any equity incentive or similar plan; (ii) any SAFEs; and (iii) convertible promissory notes.

  • Annual Financial Statement is defined in Section 10.1(a).

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Financial Instrument” shall mean the Financial Instruments under the Company’s CIF license which can be found in the document “Company Information” on the Website. It is understood that the Company does not necessarily offer all the Financial Instruments which appear on its CIF license but only those marketed on its Website from time to time.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Adjusted Consolidated Net Worth means, at any date, without duplication, the sum of (a) the consolidated shareholders’ equity, determined in accordance with GAAP, of the Guarantor and its Consolidated Subsidiaries, plus (b) the aggregate Hybrid Instrument Amount plus (c) the VA Adjustment Amount; provided that, in determining such Adjusted Consolidated Net Worth, there shall be excluded (i) any “Accumulated Other Comprehensive Income (Loss)” shown on the consolidated balance sheet of the Guarantor and its Consolidated Subsidiaries prepared in accordance with GAAP, (ii) the effect of any election under the fair value option in FASB ASC 825 permitting a Person to measure its financial assets or liabilities at the fair value thereof, and the related tax impact and (iii) all noncontrolling interests (as determined in accordance with Statement of Financial Accounting Standards No. 160, entitled “Noncontrolling Interests in Consolidated Financial Statements”) shown on the consolidated balance sheet of the Guarantor and its Consolidated Subsidiaries.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Cash Liquidity means, with respect to any Person, on any date of determination, the sum of (i) unrestricted cash, plus (ii) Available Borrowing Capacity, plus (iii) Cash Equivalents.

  • Financial Debt means a debt along with interest, if any, which is disbursed against the consideration for the time value of money and includes—

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Consolidated Liquidity means, with reference to any period, an amount equal to (a) any Unrestricted Cash of the Borrowers and their Subsidiaries as calculated on a consolidated basis for such period and (b) the Aggregate Commitments of the Lenders minus the outstanding principal amount of all Loans and any issued and outstanding Letters of Credit; provided that the Borrowers are otherwise permitted to borrow such amount pursuant to the terms and conditions of this Agreement at the time such amount is calculated.

  • Consolidated Financial Statements means, with respect to any Person, collectively, the consolidated financial statements and notes to those financial statements, of that Person and its Consolidated Subsidiaries prepared in accordance with GAAP.

  • Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.