Net Liabilities definition

Net Liabilities means the liabilities of a registered insurer or reinsurer reduced to the extent that any such liabilities have been reinsured with another registered insurer or reinsurer;

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Net Liabilities means the liabilities of the Company reduced to the extent that any such liabilities have been reinsured with a registered reinsurer as defined in section 1(1) of the Short-term Insurance Act;

Net Liabilities means the total consolidated assets of the Group minus total consolidated liabilities of the Group (other than the liability in respect of the Shareholder Loan and the New Loan, if any); it being referred to as "Net Asset Value" if it is a positive figure, and "Net Liabilities" if it is a negative figure (as applicable). For the avoidance of doubt, for the calculation or determination of the Net Asset Value or Net Liabilities (as the case may be):

Examples of Net Liabilities in a sentence

• If Comcast Subsidiary or one of its Affiliates does not make the request provided in the first sentence of this Section 3.1(g)(v), Comcast Subsidiary shall assume all Liabilities associated with any long-term disability, retiree life or retiree medical benefits relating to or in connection with the Selected Employees and such Liabilities shall be reflected in the Closing Net Liabilities Amount used in calculating the Final Adjustment Amount.

• For purposes of determining the Disputed MCE System Adjustment Amount, the Net Liabilities Adjustment Amount in respect of each such Disputed MCE System shall be determined as of the date of the MCE Closing and subsequently adjusted in accordance with Section 2.8 applied mutatis mutandis (treating each such System as a Specified Business).

• The sum of the Estimated Subscriber Adjustment Amount and the Estimated Closing Net Liabilities Adjustment Amount is referred to herein as the "Estimated Closing Adjustment Amount" and may be a positive or a negative amount.

• The Affiliated Companies signatory to this Agreement and their assumed portions of the net liabilities of EMC are, as of the effective date of this Amendment, as follows: American Liberty Insurance Company 5.0% Dakota Fire Insurance Company 5.0% EMCASCO Insurance Company 9.0% Illinois EMCASCO Insurance Company 8.0% Union Mutual Insurance Company of Providence 2.5% EMC’s Net Retained Portions of its Net Liabilities is 70.5% Executed by the parties hereto this 20th day of December, 1991.

• Any amounts received or receivable hereunder shall not be included in the Net Liabilities Adjustment Amount.

More Definitions of Net Liabilities

Net Liabilities means all direct liabilities plus reinsurance assumed minus reinsurance ceded, except as otherwise expressly excluded below.

Net Liabilities means gross claims payable to an insured less attributable gross reinsurance recoveries receivable;

Net Liabilities means, with respect to any Person, the net mark-▇▇-market value determined in accordance with GAAP.

Net Liabilities means liabilities determined in a manner consistent with GAAP but excluding (i) current and deferred Tax liabilities and (ii) any other Retained Liabilities.

Net Liabilities means all Liabilities of Parent less the sum of all cash and equivalents and deposits of Parent. Stockholders’ equity (deficit) shall be determined in accordance with generally accepted accounting principles applied on a basis consistent with the Parent Financial Statements.

Net Liabilities means the amount by which, as of the closing date, the Seller's total liabilities are in excess of (in which case the purchase price will be decreased), or less than (in which case the purchase price will be increased), the Seller's current assets including accounts receivable but excluding supplies and inventory.

Net Liabilities means, with respect to any Person, the net ▇▇▇▇-to-market value determined in accordance with GAAP.