Property Liability definition

Property Liability means, with respect to any Unencumbered Asset Pool Property, the aggregate amount of the loss, damage or other liability or reduction in value associated with such Property as a result of any Environmental Claims or other adverse defect, condition, hazard, condemnation, violation or other circumstance with respect to such Property which shall be disclosed in each Compliance Certificate required to be delivered by Borrower under this Agreement.
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Property Liability with respect to any Unencumbered Real Estate Asset, the aggregate amount of the loss, damage or other liability or reduction in value associated with such Property as a result of any Environmental Claims or other adverse defect, condition, hazard, condemnation, violation or other circumstance with respect to such Property which shall be disclosed in each Compliance Certificate required to be delivered by the Borrower under this Agreement.
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Property Liability means any or all losses, damages, claims, demands, costs and/or expenses of any kind whatsoever arising (whether directly or indirectly) out of or in connection with (i) any of the Planning Acts, (ii) the permitted use designated under either or both of the Leases, and/or (iii) any breach under either or both of the Leases resulting from (i) and/or (ii) above;
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Examples of Property Liability in a sentence

  • The Limited Warranty and NI Intellectual Property Liability sections of this Agreement do not apply to the sale and purchase of Non-NI Branded Products.

  • The Articles covering Definitions, Representations and Warranties, Funding, Reports and Publications, Intellectual Property, Tangible Property, Liability, General Provisions, Modifications and Notices, and Surviving Provisions shall survive the completion, termination, or expiration of this Agreement.

  • The Contractor shall provide and maintain an acceptable Certificate of Insurance Policy(s) which includes Property, Liability and Professional Errors and Omissions coverage, as listed in Appendix E.

  • As and when any such Transferred Intellectual Property Right, Transferred Intellectual Property Liability, Common Infrastructure Right or Common Infrastructure Liability becomes transferable, the Parties shall use reasonable best efforts to promptly effect such transfer, conveyance, acceptance or assumption (as applicable).

  • The Limited Warranty and NI Intellectual Property Liability sections of this Agreement do not apply to the sale and purchase of Non- NI Branded Products.

  • The Administrator's fee shall be an Investment Property Liability.

  • The Limited Warranty and Dap Intellectual Property Liability sections of this Agreement do not apply to the sale and purchase of Non-DAP Branded Products.

  • XXV-2 25.3 Intellectual Property Liability and Indemnification.............................................

  • NEMA applied for registration of its NEMA Premium trademark as a registered trademark with the U.S. Patent & Trademark Office, Application Serial No. 76/249,006.

  • Any transfer or conveyance made or acceptance or assumption rescinded pursuant to this Section 2.06(b) shall be treated by the Parties for all purposes as if such Transferred Intellectual Property Right, Transferred Intellectual Property Liability, Common Infrastructure Right or Common Infrastructure Liability had never been originally transferred, conveyed, accepted or assumed, as the case may be, except as otherwise required by applicable Law or a Final Determination.


More Definitions of Property Liability

Property Liability. KP accepts no responsibility whatsoever for any property brought onto Facility premises and KP is hereby expressly relieved and discharged from any liability from any loss, damage, destruction, or theft of said property in connection with performance of this agreement.
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Property Liability. The summer resident is encouraged to carry appropriate insurance. The University will not be liable for theft, loss, or damage to any property of the summer resident including, but not limited to, loss caused by theft, fire, flood, wind, or acts of God.
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Related to Property Liability

  • Third Party Liability means both of the following:

  • 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.

  • Assumed Environmental Liabilities has the meaning specified in Section 7.4.

  • Environmental Liabilities means all liabilities, monetary obligations, losses, 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, or Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action.

  • 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.