Qualifying Liability definition

Qualifying Liability means (i) any Approved Liability and (ii) any liability that qualifies as an Approved Liability under the Second City Tax Protection Agreement.
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Qualifying Liability means (i) any Approved Liability and (ii) any liability that qualifies as an Approved Liability under the Gibralt Tax Protection Agreement.
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Qualifying Liability means a liability of the kind described in Rule 3;
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Examples of Qualifying Liability in a sentence

  • If a Member ceases for any reason to be a Member, no benefits shall be available to that former Member in connection with Claims made in respect of a Qualifying Liability which relates to a breach of duty by the body whilst it was a Member but which fall to be met after the date of the termination of the Member's participation in the Scheme unless a Run Off Benefit was purchased by the former Member.

  • The Administrator shall also take account of sums paid as specified under Rule 8.4. If the Administrator so decides in its absolute discretion in respect of any Claim or Claims, any payment in respect of a Qualifying Liability shall be made direct to third parties as aforesaid by the Administrator, the Member shall make the Member's Payment to the Administrator or as it shall direct forthwith upon notification by the Administrator.

  • Without prejudice to the foregoing, the Administrator shall have the right, on behalf of the Member, to exercise any right which arises whether by virtue of a contract or otherwise in connection with a Qualifying Liability, including in particular, the right to select, instruct and de-instruct legal and other advisers and agree the terms of their retainer, and any right to raise claims or defences, and/or to bring proceedings.

  • Qualifying Liability: Our conclusionsHere, both the breach of duty and causation should be considered in relation to the facts of the case.”It should also be noted that L&RS has been providing training, guidance and support to each of the Health Bodies following the implementation of the PTR arrangements.

  • Redress under these Regulations does not extend to primary care providers or independent providers.Where it is considered at the investigation stage that the amount of financial compensation that would be awarded would exceed the limit set out in Regulation 29, currently £25,000, Qualifying Liability should not be investigated and Redress should not be offered.

  • Considerations of Qualifying Liability: By law, any health care professional must provide a reasonable standard of care while going about their duties.

  • Employee has been a principal executive of the Company and its subsidiaries since 1993 and in such capacity has developed an intimate and thorough knowledge of the Company's business, its methods, trade secrets and operations as well as personal relationships with key individuals in the Company and the Company's subsidiaries (the "Subsidiary").


More Definitions of Qualifying Liability

Qualifying Liability. (“atebolrwydd cymwys”) means a liability in tort owed in respect of, or consequent upon, personal injury or loss arising out of or in connection with breach of a duty of care owed to any person in connection with the diagnosis of illness, or in the care or treatment of any patient—
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Qualifying Liability. (“…”) means:
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Qualifying Liability means a liability of a kind described in regulation 4;
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Qualifying Liability means, in respect of a member, a liability which falls within one or more of the following categories–
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Related to Qualifying Liability

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Qualifying Dependent means, for Dependent Care Flexible Spending Account purposes,

  • qualifying course means a qualifying course as defined for the purposes of Parts 2 and 4 of the Jobseeker’s Allowance Regulations 1996;

  • Qualifying Facility means an electric energy generating facility that complies with the qualifying facility definition established by PURPA and any FERC rules as amended from time to time (18 Code of Federal Regulations Part 292, Section 292.203 et seq.) implementing PURPA and, to the extent required to obtain or maintain Qualifying Facility status, is self-certified as a Qualifying Facility or is certified as a Qualified Facility by the FERC.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Qualifying medical condition means seizure disorder,

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Qualifying contribution means, with respect to a

  • Qualifying patient means a person who:

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Qualifying wages means wages, as defined in section 3121(a) of the Internal Revenue Code, without regard to any wage limitations, adjusted as follows:

  • Qualifying Customer means:

  • qualifying entity shall have the meaning set forth in Section 5.2.13(b) hereof.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Qualifying country means a country with a reciprocal defense procurement memorandum of understanding or international agreement with the United States in which both countries agree to remove barriers to purchases of supplies produced in the other country or services performed by sources of the other country, and the memorandum or agreement complies, where applicable, with the requirements of section 36 of the Arms Export Control Act (22 U.S.C. 2776) and with 10 U.S.C. 2457. Accordingly, the following are qualifying countries:

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Qualifying student means a student who is an exceptional needs child, a South Carolina resident, and who is eligible to be enrolled in a South Carolina secondary or elementary public school at the kindergarten or later year level for the applicable school year.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Qualifying Equity Interests means Equity Interests of the Company other than Disqualified Stock.

  • Qualifying loss means the amount of compensation attributable to a taxpayer’s nonqualified deferred compensation plan, less the receipt of money and property attributable to distributions from the nonqualified deferred compensation plan. Full loss is sustained if no distribution of money and property is made by the nonqualified deferred compensation plan. The taxpayer sustains a qualifying loss only in the taxable year in which the taxpayer receives the final distribution of money and property pursuant to that nonqualified deferred compensation plan.

  • Qualifying Asset in relation to any Project Financing means:

  • Qualifying project means (i) any education facility, including, but not limited to a school building, any functionally related and subordinate facility and land of a school building (including any stadium or other facility primarily used for school events), and any depreciable property provided for use in a school facility that is operated as part of the public school system or as an institution of higher education; (ii) any building or facility that meets a public purpose and is developed or operated by or for any public entity; (iii) any improvements, together with equipment, necessary to enhance public safety and security of buildings to be principally used by a public entity; (iv) utility and telecommunications and other communications infrastructure; (v) a recreational facility; (vi) technology infrastructure and services, including, but not limited to, telecommunications, automated data processing, word processing and management information systems, and related information, equipment, goods and services; (vii) any technology, equipment, or infrastructure designed to deploy wireless broadband services to schools, businesses, or residential areas; or (viii) any improvements necessary or desirable to any unimproved locally- or state-owned real estate.

  • Qualifying Deposit means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50 and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.

  • Qualifying Event means, during the Participant’s Services with the Company and its Affiliates, the Participant’s death or Disability.