Loss Liability definition

Loss Liability shall have the meaning set forth in Section 11.22.
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Loss Liability means the liability established by the Authority which represents liabilities with respect to Losses that have been incurred but unpaid and Losses that have been incurred but not reported.
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Examples of Loss Liability in a sentence

  • Harmless the Released Parties and each of them From and Against Any Loss, Liability, Damage, Cost, Claim, Expense or Demand Against any of the Released Parties Arising out of or Related to the Undersigned’s Participation in the “Artist Alley”; Whether Caused by the Negligence of any of the Released Parties, the Undersigned’s Act or Omission, Any Act or Omission of a Person Assisting or Sharing a Table Rental With the Undersigned, or Otherwise.

  • NOTE: Drivers aged 21 to 24 years inclusive incur a higher Damage Loss Liability Charge as stated on Page 1.

  • Collision Damage Waiver and/or Loss Liability Options are taken into account when calculating the quantum for vehicle damage and consequential loss to the Company.

  • The termination or expiration of a Lease Transaction for which a contribution was made to the Credit Reserve shall not, in itself, give rise to a reduction in the Holdback Account or Loss Liability Balance.

  • This Coverage Agreement incorporates the following coverage lines: Breach Response Services, First Party Loss, Liability, eCrime, Criminal Reward, and Post Breach Remedial Services.

  • The Sellers shall severally (based on their Escrow Share) indemnify the Seller Representative and hold it harmless against any Loss, Liability or expense incurred without gross negligence or bad faith on the part of the Seller Representative and arising out of or in connection with the acceptance or administration of its duties hereunder, including any out-of-pocket costs and expenses and legal fees and other legal costs incurred by the Seller Representative.

  • If Assignor makes an Unreimbursed Advance and the related Lease Transaction is determined to be a Loss: (i) such Unreimbursed Advance shall be credited towards Assignor's obligation to reimburse Assignee for Losses up to the then Loss Liability Balance; and (ii) if such Unreimbursed Advance would result in Assignee receiving more than the then applicable Loss Liability Balance, Assignee shall promptly return to Assignor such excess amount.

  • The Purchaser must take all reasonable action and, from and after Completion, must procure that the Post-Completion Group takes all reasonable action to mitigate any Loss, Liability, costs or other damage suffered as a result of a Claim against Vendors arising out of or in connection with this Agreement.

  • The Shareholders shall severally and pro-rata, in accordance with their respective pro-rata share of the Purchase Price, indemnify the Shareholders' Agent and hold him harmless against any Loss, Liability or expense incurred without gross negligence or bad faith on the part of the Shareholders' Agent and arising out of or in connection with the acceptance or administration of his duties under this Agreement or any Ancillary Document.

  • Driving Credits cannot be used to pay for other expenses such as Membership Fees, Fines, or Damage and Loss Liability.

Related to Loss Liability

  • 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.

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

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

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

  • 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.