Examples of Liable Entities in a sentence
Insurance receivablesInsurance receivables are measured at the present value of the best estimate of future amounts receivable at the reporting date on insurance policies held by the Liable Entities and include an appropriate risk margin.
The Parties agree to the structure set out in the Transaction Legislation and the Trust Deed for establishing the Compensation Funds for the purpose of funding the payment of liabilities to Claimants in respect of Proven Claims, and for meeting reasonable Operating Expenses and Claims Legal Costs, and other Payable Liabilities, and for dealing with such Liable Entities.
The Parties acknowledge and agree that in determining the method of restructuring of the Liable Entities and the Trustee under the Original FFA, the matters referred to in clause 5.4 of the Heads of Agreement were taken into account.
This would include claims where the plaintiff discontinues a claim:▪ Either in relation to the entire claim being discontinued by the plaintiff; or▪ In relation to the claim against the Liable Entity being discontinued by the plaintiff (but that the claim continues against other defendants).• Claims made against the Liable Entities by plaintiffs but where liability against the Liable Entities is ultimately declined by the Court.
In the event however that AICF determines that at some future date it appears reasonably likely that there will be insufficient funds for all payable liabilities to be paid in full as they fall due for payment, under the Winding up Act and the AFFA, AICF could seek the imposition of a Court-approved payment scheme in respect of each of the Liable Entities.
Liable Entities see Former James Hardie Companies Marlew means Marlew Mining Pty Ltd (in liquidation), ACN 000 049 650, previously known as Asbestos Mines Pty Ltd.
The provisions apply to ‘relevant goods’ and any goods supplied by a corporation when that corporation is on the Liable Entities Public Information Database.
AICF Loan Facility Agreement (‘AICF Loan Facility’) drawdowns and repaymentsThe Company is a party to the AICF Loan Facility between AICF as trustee of the Charitable Fund as borrower, the Liable Entities (the Company, Amaca Pty Limited and ABN 60 Pty Limited) as guarantors, and the State of New South Wales as lender.
However, where the cross-claim by the Liable Entities is severed from the main proceedings, the existence of a separate record on the claims file does not indicate an additional claim (or liability against the Liable Entities).
In September 2004, one of the findings of the Inquiry was that the MRCF was under-funded insofar as it would not have sufficient assets to meet its expected future liabilities.During the Special Commission of Inquiry, JHINV made an offer to fund the liabilities of the Liable Entities subject to certain conditions and shareholder approval.