Liability Cumulative definition

Liability Cumulative f C \l “2” . The liability of each Loan Party as a Loan Guarantor under this Article X is in addition to and shall be cumulative with all liabilities of each Loan Party to the Administrative Agent, the Issuing Banks and the Lenders under this Agreement and the other Loan Documents to which such Loan Party is a party or in respect of any obligations or liabilities of the other Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary.
Sample 1

Examples of Liability Cumulative in a sentence

  • Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or an Issuing Bank that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Banks, as the case may be, the amount due.

  • CANADIAN GUARANTY 143 SECTION 11.01 Guaranty 143 SECTION 11.02 Guarantee of Payment 144 SECTION 11.03 No Discharge or Diminishment of Canadian Guaranty 144 SECTION 11.04 Defenses Waived 145 SECTION 11.05 Rights of Subrogation 145 SECTION 11.06 Reinstatement; Stay of Acceleration 145 SECTION 11.07 Information 145 SECTION 11.08 Maximum Canadian Liability 146 SECTION 11.09 Contribution 146 SECTION 11.10 Liability Cumulative 146 SECTION 11.11 Common Enterprise 147 ARTICLE XII.

  • MarkThe Law of Lender Liability, Cumulative Supplements No. 1 2, New York, A.S. William Edmundson Three Anarchical Fallacies: An Essav on Political Authority (Cambridge: Cambridge University Press, 1998) William Gregory onof Law).Cases and Other Materials Thomas Hurst, University ofPublishing Co. 1999) (co-author, Prof Nancy Johnson Nancy P.

  • This radical group is usually based on a vision of the future that is believed by group members cannot be achieved without resorting to violence.Historically, ideas and visions have rarely been defeated by pure kinetic power.

  • Keepwell 104 16.1. CHOICE OF LAW 104 16.2. CONSENT TO JURISDICTION 104 16.3. WAIVER OF JURY TRIAL 104 17.1. AMENDMENT AND RESTATEMENT 104 17.2. RELEASE 105 18.1. Cross-Guaranty 105 18.2. Waivers By Borrower 106 18.3. Benefit of Guaranty 107 18.4. Waiver of Subrogation, Etc 107 18.5. Election of Remedies 107 18.6. Limitation 107 18.7. Contribution With Respect To Guaranty Obligations 108 18.8. Liability Cumulative 108 18.9. Structure of Credit Facility v 109 EXHIBITS EXHIBIT A.

  • Liability Cumulative; References to California Law 63 ARTICLE 15 MISCELLANEOUS PROVISIONS 63 Section 15.01.

  • Strip searches shall not be routinely carried out if there is no reason to consider that articles are concealed.‌The conduct of strip searches12.

  • Reinstatement; Stay of Acceleration 137136 SECTION 10.07 Information 138136 SECTION 10.08 Termination 138136 SECTION 10.09 Taxes 138136 SECTION 10.10 Maximum Liability 138136 SECTION 10.11 Contribution 138136 SECTION 10.12 Liability Cumulative 139137 SECTION 10.13 Keepwell 139137 ARTICLE XI.

  • Liability Cumulative 116 ARTICLE XI The Borrower Representative SECTION 11.01.

  • Liability Cumulative 130 ARTICLE XII The Borrower Representative SECTION 12.01.

Related to Liability Cumulative

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Current Net Assets means the Portfolio’s net assets as of the most recent preceding day for which the Fund’s net assets were computed.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Noneconomic damages ’ means damages for phys-

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.

  • Cumulative Net Income means, in respect of any Performance Period, the aggregate cumulative amount of the Adjusted Net Income for the calendar or other fiscal years of the Company during such Performance Period.

  • GP-Related Net Income (Loss) has the meaning set forth in Section 5.1(b).

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Public liability means any legal liability arising out of or resulting from a nuclear in- cident or precautionary evacuation (includ- ing all reasonable additional costs incurred by a State, or a political subdivision of a State, in the course of responding to a nu- clear incident or precautionary evacuation), except (1) claims under State or Federal Workmen’s Compensation Acts of employees of persons indemnified who are employed (a) at the location or, if the nuclear incident oc- curs in the course of transportation of the radioactive material, on the transporting ve- hicle, and (b) in connection with the licens- ee’s possession, use or transfer of the radio- active material; (2) claims arising out of an act of war; and (3) claims for loss of, or dam- age to, or loss of use of (a) property which is located at the location and used in connec- tion with the licensee’s possession, use, or transfer of the radioactive material, and (b) if the nuclear incident occurs in the course of transportation of the radioactive mate- rial, the transporting vehicle, containers used in such transportation, and the radio- active material.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • Cumulative Realized Losses As of any date of determination, the aggregate amount of Realized Losses with respect to the Mortgage Loans.

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • 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.

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Loss in Excess of Policy Limits shall be defined as Loss in excess of the Policy limit, having been incurred because of, but not limited to, failure by the Company to settle within the Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.