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

  • Responsibility Established by Suppliers 50% responsible 50% responsible Service Credit due to Authority (based on Monthly Service Charge) 50% of 0.625%=0.313% (Final Service Credit Percentage) =£260.83 50% of 0.625%=0.313% (Final Service Credit Percentage) =£104.33 Failure to establish responsibility 5% Service Credit Percentage Liability applies.

  • This Guaranty shall continue to be effective with respect to any guaranteed obligations arising or created after any attempted revocation by Guarantor and after Guarantor’s death, in which event this Guaranty shall be binding upon Guarantor’s estate and Guarantor’s legal representatives and heirs.

  • 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.

  • If a Demand for Payment under the Letter of Credit conforms to the terms and conditions of the Letter of Credit, each Letter of Credit Bank shall make payment of its Percentage Liability of such Demand for Payment, in immediately available funds in accordance with the terms of the Letter of Credit.

  • 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).