Liability Loss definition

Liability Loss means loss covered under the Liability Coverage Part.
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Examples of Liability Loss in a sentence

  • All terms and conditions of this Policy, including without limitation the retention applicable to Liability Loss incurred by the Insured Person, shall also apply to loss incurred by such estates, heirs, legal representatives, assigns, spouses and legally recognized domestic partners.

  • Any amendment, modification, termination, waiver or consent effected in accordance with this subsection 9.6 shall be binding upon each Lender at the time outstanding and each future Lender.

  • See also the Section above entitled “Unauthorized Transfers and Limits on Your Liability; Loss or Theft of Your Access Credentials” regarding how the timeliness of your notice impacts a consumer’s liability for unauthorized transfers.

  • Dwelling Program – Personal Liability Loss Costs-2.8%(effective October 1, 2010) Insurance Services Office, Inc.

  • Distribution of Unallocated Liability Loss Expense Payments.--(314 repealed Dec.

  • See also the Section above entitled "Unauthorized Transfers and Limits on Your Liability; Loss or Theft of Your Access Credentials" regarding how the timeliness of your notice impacts a consumer's liability for unauthorized transfers.

  • The Parties shall jointly and severally indemnify the INXB Representative and hold the INXB Representative harmless against any damages, Liability, Loss or expense incurred without gross negligence, bad faith or willful misconduct on the part of the INXB Representative and arising out of or in connection with the acceptance or administration of the INXB Representative’s duties under this Agreement, including the reasonable fees and expenses of any legal counsel retained by the INXB Representative.

  • Commercial General Liability Loss Costs-10.1%(effective July 1, 2011) Insurance Services Office, Inc.

  • For the sake of clarity, no benefits shall be provided hereunder in respect of a Participant’s termination of employment for any reason prior to the Effective Date.

  • In the event Loss under Insuring Agreement I.A of any Included Coverage Part and any other Loss become due and payable concurrently, the Insurer shall pay, subject to the Limit(s) of Liability, Loss covered under any such Insuring Agreement(s) before paying any other Loss.

Related to Liability Loss

  • 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.

  • Buyer Losses shall have the meaning set forth in Section 11.1 hereof;

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Covered Losses has the meaning set forth in Section 9.2(b).

  • 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.

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Losses shall have the meaning set forth in Section 5(a).

  • 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

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

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

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • 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.

  • 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;

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Direct Loss means charges actually paid pursuant to this Agreement in respect of the period of the Delay. For the purposes of clause 13.4, the User's losses arising out of a Delay will be taken to include the amount of the relevant Direct Losses.

  • 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.

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, and criminal or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Purchaser Indemnitees has the meaning set forth in Section 7.02.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Buyer Indemnitees has the meaning set forth in Section 8.02.

  • Seller Indemnitees has the meaning set forth in Section 8.03.

  • Noneconomic damages ’ means damages for phys-

  • 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.

  • 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.

  • Seller Indemnified Persons has the meaning set forth in Section 8.3.