Liability Share definition

Liability Share means an amount equal to the liability proportion of the total difference between the value of the assets and the amount of the liabilities of the scheme;
Liability Share means the percentage amount set forth for each Project Participant in Exhibit S.
Liability Share means the percentage amount set forth for each Project Participant in Exhibit V.

Examples of Liability Share in a sentence

  • Each Share may, at the discretion of each Investor, be either a Limited Liability Share or an Investor GP Share.

  • If the Lead Force takes out in insurance specifically to cover its obligations in this Agreement, the cost of taking out such insurance shall, to the extent it is not covered under the Grant, be split between the Policing Bodies and the Additional Parties in accordance with the Agreed Liability Share.

  • For the avoidance of doubt, the Lead Force shall share in the Liabilities under this Agreement in proportion to the Agreed Liability Share for the Lead Force.

  • The specific content of these guidelines involves future resolution of policy questions (e.g., first-come, first-served vs.

  • Each Investor GP Shareholder shall be subject to personal unlimited liability for the debts, obligations and Liabilities of the Fund (to the extent that such debts, obligations and Liabilities are not satisfied out of Fund Assets) that accrue before such Investor GP Share is converted into a Limited Liability Share.


More Definitions of Liability Share

Liability Share has the meaning set forth in Section 3.4 hereof.
Liability Share. Has the meaning given to it in clause 28.7;
Liability Share means, with respect to any Member, the amount of such portion multiplied by a fraction equal to (i) such Member’s entitlement or right, if any, to participate in such project at the time the act or omission occurred, divided by (ii) the aggregate amount of all Members’ entitlements or rights to participate in such project at the time the act or omission occurred.
Liability Share means, with respect to any Member, the amount of a judgment for damages divided by the number of Members at the time the act or omission occurred, unless any portion of the judgment arises from an act or omission directly related to the studying, planning, financing, developing, acquiring, purchasing, construction, reconstructing, implementing, improving, enlarging, enhancing, operating, maintaining, selling, disposing of, or decommissioning of any project undertaken by the Authority under this Agreement, in which case, with respect to such portion, the term “Liability Share” shall mean, with respect to any Member, the amount of such portion multiplied by a fraction equal to (i) such Member’s entitlement or right, if any, to participate in such project at the time the act or omission occurred, divided by (ii) the aggregate amount of all Members’ entitlements or rights to participate in such project at the time the act or omission occurred.
Liability Share of a Producer which caused or is responsible for a Default or a Diversion or to which such Default or Diversion relates which has given rise to a Default Shortfall or a Diversion Shortfall, as the case may be, shall be with respect to such Default Shortfall or Diversion Shortfall a percentage determined by dividing the percentage interest of such Producer (as set forth in Schedule 1 hereto and as adjusted for changes in the Producers' Percentages as defined in and pursuant to the Supply Agreements or the Production Sharing Percentages as defined in the recitals thereof) by the aggregate percentage interest of all Producers (as set forth in such Schedule 1 as so adjusted) which have caused or which are responsible for such Default or Diversion or to which such Default or Diversion relates. With respect to the imposition of Taxes referred to in Section 3.3 hereof, each Producer shall be deemed to have caused the corresponding Diversion to the extent of its percentage interest as shown in Schedule 1 hereto, adjusted as aforesaid. No adjustment to the Producers' Percentages or the Production Sharing Percentages referred to in this Section 3.4 shall be effective for purposes of this Agreement until the Producers have provided to the Tranche A Lender and the Agent a copy of an amended Schedule 1 which properly reflects such adjustment. Any adjustment to the Producers' Percentages or the Production Sharing Percentages or revision to Schedule 1 shall require the mutual agreement of the Producers, but shall not require any consent, approval or other action by the Tranche A Lender, the Agent, any Lender or the Trustee.
Liability Share of a Producer which caused or is responsible for a Default or a Diversion or to which such Default or Diversion relates which has given rise to a Default Shortfall or a Diversion Shortfall, as the case may be, shall be with respect to such Default Shortfall or Diversion Shortfall a percentage determined by dividing the percentage interest of such Producer (as set forth in Schedule 1 hereto and as adjusted for changes in the Producers' Percentages as defined in and pursuant to the Supply Agreements or the Production Sharing Percentages as defined in the recitals thereof) by the aggregate percentage interest of all Producers (as set forth in such Schedule 1 as so adjusted) which have caused or which are responsible for such Default or Diversion or to which such Default
Liability Share is defined in Section 10.2(a)(viii).