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;

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

• The Purchase Price shall be reduced by the net amount of Forecast Net Liabilities shown in Schedule 3 as at the Completion Date, or such other amount as agreed by the parties as representing that forecast.

• If the parties cannot agree the amount of Forecast Net Liabilities then the reduction in the Purchase Price under this clause shall be the amount shown as the Forecast Net Liabilities for 30 June 1995 in Schedule 3.

• 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.

• Excess Amount of Qualifying Assets over Amount of Net Liabilities of wholly- owned non- insurers in compliance with Section 901(7)(c).

• Excess Amount of Qualifying Assets over Amount of Net Liabilities of affiliated insurers in compliance with Section 901(6) and (7).

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, with respect to any Person, the net mark-xx-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 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 all Liabilities of Parent less the sum of (i) all cash and equivalents and deposits of Parent and (ii) all prepaid expenses of Parent as of the Effective Time which the Parties agree in good faith will be for the benefit of the Company after the Effective Time. Stockholders’ equity (deficit) and prepaid expenses shall be determined in accordance with generally accepted accounting principles applied on a basis consistent with the Parent Financial Statements.”

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 xxxx-to-market value determined in accordance with GAAP.