Nil liability definition

Nil liability means that no payments were expected on the case and "Nil compliant" means that payments were expected but none were received.
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Examples of Nil liability in a sentence

  • This approach may be summarised as follows: · determine the notional indirect tax amount for each contributing member on the basis that it is not part of a group · allocate the notional refund members a 'Nil' liability under the ITXSA, and · apportion the amount of any credits to members with a tax liability or allocate to each ITXSA contributing member (that still has a notional tax liability) a portion of the indirect tax law liability on a pro rata basis.

  • Accordingly company has recognized ` Nil (PY ` Nil) liability (based on provisional accounts of CPF Trust) [being surplus to CPF Trust].The amount recognized in balance sheet in respect of Company’s share of assets and liabilities of the fundmanaged by the CPF Trust is as follows (based on provisional accounts of CPF Trust).

  • Company has assessed the fair value of the options issued as Nil, thus Nil liability booked as at reporting date.

  • This requirement applies to not only gifts from current or potential business partners but gifts from members as well.

  • Nil liability cases have been excluded from this table.2. Cases with more than 8 Eligible Children have been excluded from this table for privacy reasons because of the small numbers involved.

  • The Appellants filed returns showing Nil liability to pay tax on the footing that there was no transfer of any property in goods either by itself or by virtue of any works contract.

  • During the current Financial year provisions of Rs. 44,247/- is made towards gratuity (Previous Year Rs. Nil) liability as on 31st March, 2020 under the Payment of Gratuity Act, 1972.For BSEL Infrastructure Realty FZE:- Employees Termination Benefits are provided as per SAIF zone Regulations.

  • The GET concludes that the current legal situation regarding structural party funding is not in line with those standards and that transparency of party finances would certainly benefit from the introduction of a standardised format for party accounts (accompanied by appropriate guidelines, if necessary) and of obligatory auditing of those accounts by certified experts, modelled on the pertinent rules for campaign funding reports.

  • As an alternative to the requirements of Section 4.5.6.1, any Developer of the Greenwood Planned Development District may make a monetary contribution to the Town’s Affordable Housing Trust, which funds shall be designated for the development of affordable housing in lieuof constructing and offering affordable units within the locus of the Greenwood Planned Development District.a. Calculation of fee-in-lieu of units.

  • On the other hand, Thr51 resides in the central acidic region, and Thr71 and Ser73 reside in the transient helix region.

Related to Nil liability

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

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • 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.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

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

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Third Party Liability has the meaning ascribed thereto in Section 8.3.2;

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • 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.

  • Personal liability means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization:

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • Liability means any liability or obligation (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

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

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Environmental Liabilities means all Liabilities relating to, arising out of or resulting from any Hazardous Materials, Environmental Law or contract or agreement relating to environmental, health or safety matters (including all removal, remediation or cleanup costs, investigatory costs, response costs, natural resources damages, property damages, personal injury damages, costs of compliance with any product take back requirements or with any settlement, judgment or other determination of Liability and indemnity, contribution or similar obligations) and all costs and expenses, interest, fines, penalties or other monetary sanctions in connection therewith.

  • Environmental Liabilities and Costs means all liabilities, monetary obligations, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand by any Governmental Authority or any third party, and which relate to any Environmental Action.

  • Excluded Environmental Liabilities means any and all Environmental Liabilities whether arising before, at or after the Effective Time, to the extent relating to, resulting from, or arising out of the past, present or future operation, conduct or actions of Xxxxxxx Retained Business.

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Lender’s Environmental Liability means any and all losses, liabilities, obligations, penalties, claims, litigation, demands, defenses, costs, judgments, suits, proceedings, damages (including consequential damages), disbursements or expenses of any kind or nature whatsoever (including reasonable attorneys’ fees at trial and appellate levels and experts’ fees and disbursements and expenses incurred in investigating, defending against or prosecuting any litigation, claim or proceeding) which may at any time be imposed upon, incurred by or asserted or awarded against the Administrative Agent, any Lender or any Issuer or any of such Person’s Affiliates, shareholders, directors, officers, employees, and agents in connection with or arising from:

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts: