Percentage Liability definition

Percentage Liability means, in respect of any Qualifying Insurer, the extent to which it is liable to make payments pursuant to the ARP during an Indemnity Period, expressed as a percentage, and calculated in accordance with paragraph 6.2 of Schedule 2
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Percentage Liability means when used with reference to any Letter of Credit Bank its percentage liability as set forth in Schedule A attached hereto.
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Examples of Percentage Liability in a sentence

  • Remaining monies of the Authority shall be distributed to the respective Members in proportion to their Percentage Liability Shares, provided said distribution may be deferred by the parties in whole or in part for up to five (5) years as a reserve to meet liabilities known and unknown.

  • Each Bank hereby engages with you severally and not jointly, that to the extent of its several liability as provided herein, each Demand for Payment made under and in compliance with the terms of this Letter of Credit will be duly honored by each Bank to the extent of such Bank's Percentage Liability of the Letter of Credit Amount upon delivery or transmission of such Demand for Payment as specified at the Letter of Credit Agent's office on or before the expiration or termination date hereof.

  • The beginning fund balance of the Authority as of the Effective Date shall be negotiated and determined by the Members prior to the Effective Date, and Members shall have ownership proportions therein in all fund balances of the Authority in accordance with their Percentage Liability Shares referenced in Section 8.1.

  • If there is a good faith dispute regarding whether the withdrawing Member has accrued an interest in the Authority’s capital assets or regarding which Authority capital assets it will receive or the value of its Percentage Liability Share of the Authority’s capital assets, the withdrawing Member shall utilize the mandatory dispute resolution process set forth in Section 15 below.

  • However, liability of the City of Larkspur and the Town of Corte Madera for their respective CalPERS Plans/Programs existing prior to the Effective Date, including any actuarially-calculated liability and any changes after the Effective Date in the actuarially-calculated liability for service by employees of a Member that occurred prior to the Effective Date, shall remain with the individual Members and shall not transfer to the Authority nor be subject to the Percentage Liability Share.

  • If the withdrawing Member desires the cash equivalent of its share of the Authority’s capital assets existing upon the date of withdrawal, then its share shall be equal to its Percentage Liability Share of the value of those capital assets.

  • The Members’ Percentage Liability Shares referenced in Section 8.1 above may be adjusted only upon majority vote of both the Larkspur City Council and the Corte Madera Town Councils.

  • Therefore, Supplier 1 and 3 are each liable for an End to End Service Credit as follows: End to End Service Credit Percentage Liability for the 2nd Month = Ratcheting Percentage x % percentage increase due to Persistent Monthly Failure x % contribution (the resulting % being the Final Service Credit Percentage) End to End Service Credit Percentage Liability for the 2nd Month = 0.5% x 125% x 50% = 0.31% of each Supplier’s Monthly Service Charge (0.31% being the Final Service Credit Percentage).

  • Subject to the foregoing limitation, the several obligation of each of the Banks as to each drawing hereunder shall be equal to each Bank's percentage liability (the "Percentage Liability") set forth below directly opposite its name.

  • The sampling of these objects has been highly inhomogeneous since different viewing schemes were proposed for each object at various times and for various scientific goals.

Related to Percentage Liability

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

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

  • 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.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • 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);

  • 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.

  • Hovercraft Liability This policy does not cover "hovercraft liability".

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Total Percentage Interest means, with respect to any Partner, the quotient obtained by dividing the number of Units (vested and unvested) then owned by such Partner by the number of Units (vested and unvested) then owned by all Partners.

  • Common expense liability means the liability for common

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Non-PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.

  • Class B Loss Percentage With respect to any Determination Date and any Class of Class B Certificates then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class B Principal Balance (determined without regard to any Principal Balance of any Class of Class B Certificates not then outstanding), in each case determined as of the preceding Determination Date.

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • Uptime Percentage The Uptime Percentage is calculated using the following formula: where Downtime is measured in user-minutes; that is, for each Applicable Period, Downtime is the sum of the length (in minutes) of each Incident that occurs during that Applicable Period multiplied by the number of users impacted by that Incident. Service Credit: Table of Contents / Definitions Deployment Minutes: The total number of minutes for which a given embedded capacity has been active during an Applicable Period.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • 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;

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Retained Percentage means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the Applicable ECF Percentage with respect to such Excess Cash Flow Period.

  • Loss Severity Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the amount of Realized Losses incurred on a Mortgage Loan and the denominator of which is the principal balance of such Mortgage Loan immediately prior to the liquidation of such Mortgage Loan.

  • Class A Loss Percentage As to any Determination Date and any Class of Class A Certificates (other than the Class A-PO Certificates) then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class A Loss Denominator (determined without regard to any such Principal Balance of any Class of Class A Certificates not then outstanding), in each case determined as of the preceding Determination Date.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • controlling percentage means the ownership of, and the right to vote, stocks possessing at least 50% of the total combined voting power of all classes of Tenant's stock issues, outstanding and permitted to vote for the election of directors;