Relevant Liability definition
Examples of Relevant Liability in a sentence
For the avoidance of doubt, to the extent that the Relevant Liability does not arise as a result of any action or omission by the Indemnified Party or the management of the Indemnified Party and is only increased by such action or omission, the Indemnifying Party shall remain liable in respect of the Relevant Liability but shall not be liable in respect of such increase.
If upon the determination, adjudication or other resolution of all claims asserted during the Reserve Period, the total liability that the relevant ULHL Subsidiaries are found to be liable for by a competent court, tribunal or governmental authority (or upon settlement if applicable) (the “Relevant Liability”) is less than $1,000,000, the difference between (A) $1,000,000 and (B) the Relevant Liability shall be forthwith released to ULHL (to the extent not yet released to ULHL previously).
Save as provided in the first sentence of this Condition, IIP Central England shall in any event have no Relevant Liability for: (a) loss of profit, revenue, business, opportunity, contract, or goodwill; (b) any incidental or reliance expenditure; or (c) any indirect, special or consequential loss.
IIP Central England does not exclude any Relevant Liability for personal injury or death caused by its negligence, fraud, or breach of Condition 12 (CONFIDENTIALITY AND DATA PROTECTION).
Any Seller which has consented to delivery of Non-Voting Common Shares in settlement of the Relevant Liability and the Purchasers agree that the value of a Non-Voting Common Share is equal to the value of a share of voting common stock of BGM.