Liability Issue definition

Liability Issue has the meaning prescribed in Section 5.1(c).
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Liability Issue has the meaning set forth in Section 6.01(b) of this Agreement.
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Liability Issue shall have the meaning set forth in Section 4.2.
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Examples of Liability Issue in a sentence

  • The Notifying Party shall promptly furnish such other Party copies of any inquiries or requests for information from any Taxing Authority concerning any Liability Issue.

  • Parent and Spinco shall promptly furnish each other copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any Liability Issue pertaining to the other party.

  • Without limiting the generality of the foregoing, PKS and KMC, as the case may be, shall each promptly furnish to the other upon receipt of a copy of any RAR or similar report, notice of proposed adjustment, or notice of deficiency received by PKS or any PKS Affiliate or by KMC or any KMC Affiliate, as the case may be, and, if requested, all other documents relating to any Liability Issue of the other Party.

  • Ensign shall promptly furnish to SpinCo copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any Liability Issue pertaining to SpinCo.

  • Without limiting the foregoing, Parent and Spinco, as the case may be, shall each promptly furnish to the other within 30 days of receipt a copy of the relevant section of the revenue agent’s report or similar report, notice of proposed adjustment, or notice of deficiency received by Parent or its Affiliate or by Spinco or its Affiliate, as the case may be, relating to any Liability Issue or any adjustment referred to in this Section 5.2(b).

  • Torchmark and WRFI shall use reasonable efforts to keep each other advised as to the status of Tax audits and other proceedings involving any issue which relates to any Tax of the other or its Subsidiaries or could give rise to a Tax liability or a Tax Refund of the other or its Subsidiaries under this Agreement (a "Liability Issue").

  • PKS and KMC shall promptly furnish each other copies of any inquiries or requests for information or other correspondence from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any such Liability Issue.

  • Without limiting the generality of the foregoing, each Party shall promptly furnish to the other Party, upon receipt, a copy of any revenue agent's report or similar report, notice of proposed adjustment or notice of deficiency received by such Party or any of its Affiliates, as the case may be, relating to any Liability Issue or any adjustment referred to in Section 6.01(c), below.

  • Torchmark and WRFI shall promptly furnish each other copies of any inquiries, audits or other proceedings, requests for information, notices, proposed adjustments, proposed deficiencies and reports from any Taxing Authority or any other administrative, judicial or other governmental authority concerning or that could concern a Liability Issue of the other.

  • The participation rights described in the previous sentence shall include participation in all conferences, meetings or proceedings with any Taxing Authority, the subject matter of which includes the KMC Liability Issue and participation in the preparation of documentation, protests, memoranda of fact and law and briefs with respect to the KMC Liability Issue.


More Definitions of Liability Issue

Liability Issue has the meaning prescribed in Section 3.03(b).
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Liability Issue shall have the meaning set forth in Section 4.2. 1.16 "Liberty" shall have the meaning set forth on page 1 of this Agreement. 1.17 "Liberty/WRFI Spinoff" shall have the meaning set forth on page 1 of this Agreement. 1.18 "Nuevo Expense" shall have the meaning set forth on page 1 of this Agreement. 1.19 "Nuevo Expense Distribution" shall have the meaning set forth on page 1 of this Agreement. 1.20 "Offering" shall have the meaning set forth on page 1 of this Agreement. 1.21 "Offering Date" shall mean the last day on which, due to the issuance of shares of WRFI stock in the Offering, WRFI could be considered a member of the Torchmark Group. 1.22 "Payor" shall have the meaning set forth in Section 2.5. 1.23 "Payee" shall have the meaning set forth in Section 2.5. 1.24 "Period After Offering" shall mean any taxable year or other taxable period beginning after the Offering Date and, in the case of any taxable year or other taxable period that begins before and ends after the Offering Date, that part of the taxable year or other taxable period that begins after the close of the Offering Date. 1.25 "Period Before Offering" shall mean any taxable year or other taxable period that ends on or before the Offering Date and, in the case of any taxable year or other
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Liability Issue. Xxxx Xxx and HBI shall promptly furnish each other copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any Liability Issue pertaining to the other party. Without limiting the foregoing, Xxxx Xxx and HBI, as the case may be, shall each promptly furnish to the other within 30 days of receipt a copy of the relevant section of the revenue agent’s report or similar report, notice of proposed adjustment, or notice of deficiency received by Xxxx Xxx or its Affiliate or by HBI or its Affiliate, as the case may be, relating to any Liability Issue or any adjustment referred to in this Section 5.2(c).
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Liability Issue has the meaning set forth in Section 9.5(g)(ii).
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Related to Liability Issue

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Bodily injury means bodily injury, sickness or disease sustained by a person, including death resulting from any of these at any time.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Automobile Related Injury means bodily Injury sustained by a [Member] as a result of an accident:

  • Property damage means physical injury to, destruction of, or loss of use of tangible property.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

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

  • Liability means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.

  • 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.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • Accidental Injury means an Injury sustained as a result of an external force or forces that is/are sudden, direct and unforeseen and is/are exact as to time and place. A hernia of any kind will only be considered as an Illness.

  • Catastrophic illness or injury means one of the following:

  • Uninsured motor vehicle" means a land motor vehicle or trailer of any type: 1. To which no bodily injury liability bond or policy applies at the time of the accident. 2. To which a bodily injury liability bond or policy applies at the time of the accident. In this case its limit for bodily injury liability must be less than the minimum limit for bodily injury liability specified by the financial responsibility law of the state in which "your covered auto" is principally garaged. 3. Which is a hit-and-run vehicle whose operator or owner cannot be identified and which hits: a. You or any "family member"; b. A vehicle which you or any "family member" are "occupying"; or c. Your covered auto". 4. To which a bodily injury liability bond or policy applies at the time of the accident but the bonding or insuring company: a. Denies coverage; or b. Is or becomes insolvent. 1. Owned by or furnished or available for the regular use of you or any "family member". 2. Owned or operated by a self-insurer under any applicable motor vehicle law, except a self-insurer which is or becomes insolvent. 3. Owned by any governmental unit or agency. 4. Operated on rails or crawler treads. 5. Designed mainly for use off public roads while not on public roads. 6. While located for use as a residence or premises.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insured Casualty has the meaning set forth in Section 5.1(x)(iv)(B).

  • Property Insurance is defined in Section 6.10(a).

  • 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.

  • Substantial bodily injury means "bodily injury which involves (A) a temporary but substantial disfigurement; or (B) a temporary but substantial loss or impairment of the function of any bodily member, organ, or mental faculty." See 18 U.S.C. § 113(b)(1).

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.