Party Liable definition

Party Liable has the meaning given to it in Clause 12.3;

Party Liable means in relation to clause 3 of the General Conditions the Party which is liable to the other Party for loss arising from any breach by it as referred to in clause 3 of the General Conditions;

Party Liable has the meaning given to that term in Clause 7.10 and does not extend to NIAUR;

Examples of Party Liable in a sentence

• The Party Not Liable shall not, unless and until the Party Liable has failed to unconditionally agree in writing to take over the conduct of the negotiations or litigation in respect of the legal claim within ten (10) Business Days of receiving notice from the Party Not Liable requesting it to do so, make any admission which might be prejudicial to the claim.

• The conduct by the Party Liable of such negotiations or litigation shall be conditional upon the Party Liable having first given to the Party Not Liable such reasonable security as the Party Not Liable shall from time to time notify the Party Liable that it requires to cover the amount ascertained or agreed or estimated, as the case may be, of any losses, damages, claims, liabilities or costs for which the Party Not Liable may become liable in respect of the legal claim.

• The conduct by the Party Liable of such negotiations or litigation shall be conditional upon the Party Liable having first given to the Party Not Liable such reasonable security as the Party Not Liable shall from time to time notify the Party Liable that it requires to cover the amount ascertained or agreed or estimated, as the case may be of any losses, damages, claims, liabilities, costs or expenses for which the Party Not Liable may become liable in respect of the injury claim.

• The Party Not Liable shall not, unless and until the Party Liable has failed to unconditionally agree in writing to take over the conduct of the negotiations or litigation in respect of the injury claim within ten (10) Business Days of receiving notice from the Party Not Liable requesting it to do so, make any admission which might be prejudicial to the claim.

• Accordingly, each of the Parties hereby waives in the fullest extent possible all such rights and remedies provided by common law or statute, and releases the Party Liable, its officers, employees and agents to the same extent from all duties, liabilities, responsibilities or obligations provided by common law or statute in respect of the matters dealt with in this Agreement and undertakes not to enforce any of the same except as expressly provided herein.

More Definitions of Party Liable

Party Liable has the meaning given to that term in Clause Error! Reference source not found.. اذهل ددحملا ىنعملا ينعي "لوئسملا فرطلا" .1 – 23 دنبلا يف حلطصملا

Party Liable means in relation to Clause 3 of the General Conditions the Party which is liable to the other Party for loss arising from any breach by it as referred to in Clause 3 of the General Conditions; ent Security the policy prepared by XXXX and approved by the Policy” Authority pursuant to Condition 31 of the Licence, as from time to time revised in accordance with the Licence, the relevant sections of which shall be provided to a User where the User requests a copy in relation to the relevant agreement; “Plant” means fixed and moveable items other than Apparatus; “Qualified” has the meaning given to it in the Capacity Market Code; fying Issuer” means a legal person which either: (a) possesses a rating awarded by Standard and Poor’s Rating Services or a rating awarded by Xxxxx’x Investors Service as SONI may specify from time to time based on the relevant sections of SONI’s prevailing Payment Security Policy in respect of its most recent unsecured (and unsubordinated) long term debt issue on any capital market or, if those agencies should both cease to publish such ratings, possesses an equivalent rating from another ratings agency of equal repute; or (b) is otherwise approved by SONI and is permitted to accept deposits pursuant to Part IV of the Financial Services and Markets Act 2000, provided that if any person previously possessing the rating set out in (a) above should cease to possess such rating or, being admitted to be a Qualifying Issuer by virtue only of approval pursuant to paragraph (b), should be the subject of a notice by XXXX to the User to the effect that the issuer has, in the reasonable opinion of XXXX, suffered a material adverse change in its financial condition since its approval, such person shall cease to be a Qualifying Issuer;

Party Liable has the meaning given to that expression in clause 10.1;

Party Liable means, in relation to clause 3 of the General Conditions, the Party which is liable to the other Party for loss arising from any breach by it as referred to in clause 3 of the General Conditions;

Party Liable means in relation to Clause 3 of the General Conditions the Party which is liable to the other Party for loss arising from any breach by it as referred to in Clause 3 of the General Conditions; the policy prepared by XXXX and approved by the Authority pursuant to Condition 31 of the Licence, as from time to time revised in accordance with the Licence, the relevant sections of which shall be provided to a User where the User requests a copy in relation to the relevant agreement; means fixed and moveable items other than Apparatus; has the meaning given to it in the Capacity Market Code; means a legal person which either: (a) possesses a rating awarded by Standard and Poor’s Rating Services or a rating awarded by Xxxxx’x Investors Service as SONI may specify from time to time based on the relevant sections of SONI’s prevailing Payment Security Policy in respect of its most recent unsecured (and unsubordinated) long term debt issue on any capital market or, if those agencies should both cease to publish such ratings, possesses an equivalent rating from another ratings agency of equal repute; or (b) is otherwise approved by SONI and is permitted to accept deposits pursuant to Part IV of the Financial Services and Markets Act 2000, provided that if any person previously possessing the rating set out in (a) above should cease to possess such rating or, being admitted to be a Qualifying Issuer by virtue only of approval pursuant to paragraph (b), should be the subject of a notice by XXXX to the User to the effect that the issuer has, in the reasonable opinion of XXXX, suffered a material adverse change in its financial condition since its approval, such person shall cease to be a Qualifying Issuer; means the Electricity Safety, Quality and Continuity Regulations (Northern Ireland) 2012; means any act or omission by a Relevant Person that is a breach of a Relevant Agreement, or that would (in the case of the Other TSO only) have been a breach of an Equivalent Agreement; means, in respect of: (a) a Distribution Network Owner, any agreement for connection to and/or use of the NI Distribution System to which a Distribution Network Owner is party, and/or the Transmission Interface Arrangements; (b) the Other TSO, any agreement for connection to and/or use of the All-Island Transmission Networks to which the Other TSO is party; and

Party Liable means as defined in paragraph 33.1;

Party Liable has the meaning given to that term in Clause 25.1 or (as the case may be) Section 20.1 of Schedule 21;