Residual Liability definition

Residual Liability means any liability of the Transferor:

Residual Liability means any Transferring Liability which is attributable to or connected with a Residual Asset and arises at any time before any Subsequent Transfer Date applicable to that Residual Asset;

Residual Liability means any Liability of the Transferor Group arising from or in connection with the Business or the Policies if:

Examples of Residual Liability in a sentence

• Automotive Liability insurance covering all owned, hired, and non-owned vehicles with Personal Protection insurance to comply with the provisions of the Michigan No Fault Insurance Law including Residual Liability insurance with minimum bodily injury limits of $1,000,000 (One Million Dollars) each occurrence and/or aggregate minimum property damage limits of $1,000,000 (One Million Dollars) each occurrence and/or aggregate.

• Automobile Residual Liability Limit $1,000,000 Each Accident Personal Injury Protection Michigan Statutory Property Protection Insurance Michigan Statutory Coverage shall apply to any auto, including owned, non-owned, and hired.

• Residual Liability Limit $1,000,000 Each Accident Personal Injury Protection Michigan Statutory Property Protection Insurance Michigan Statutory Coverage shall apply to any auto, including owned, non-owned, and hired.

• The Transferee shall, on and with effect from the intended Relevant Effective Time to the Subsequent Transfer Time applicable to a Residual Liability, indemnify each Transferring Entity against such Residual Liability and any and all costs settled or incurred by either Transferring Entity as a result of any failure to discharge each such Residual Liability.

• The New MOD III Series B Preferred Stock shall represent, in the aggregate, the right to receive all Net Sale Proceeds plus any remaining Residual Liability Amount in excess of the aggregate amount paid, or due and payable, on the New MOD III Series A Preferred Stock.

More Definitions of Residual Liability

Residual Liability means the total of the accrued, continuing, future and contingent liabilities for claims incurred during the registration period.

Residual Liability means any liability whatsoever of NPLL that is attributable to, or connected with, the Transferred Business (other than any liability or obligation under an Excluded Policy):

Residual Liability means in relation to the Transferred Business:

Residual Liability means in relation to the Transferred Business of a particular Transferor:

Residual Liability means any liability whatsoever of a Transferor relating to the Transferred Business:(a) to the extent that is attributable to or connected with a Residual Asset or Residual Policy and arises at any time before the Subsequent Transfer Date applicable to that Residual Asset or, as the case may be, Residual Policy;(b) in respect of which the Court has declined to order the transfer to PLAE under section 112(2) of FSMA on the Effective Date;(c) in respect of which the High Court of Ireland makes (under the parallel process described in paragraph 2.10) an order providing for the delay of (or exclusion from) transfer of a particular liability;(d) in respect of which the relevant Transferor and PLAE agree prior to the Effective Date that its transfer should be delayed; and/or(e) which cannot be transferred to or vested in PLAE for any other reason on the Effective Date,for as long as one or more of paragraphs (a) to (e) above applies to them but excluding any Excluded Liabilities"Residual Policies"means Policies comprised in the Transferred Business:(a) written or assumed by a Transferor in the course of carrying on insurance business in the United Kingdom or any EEA State:(i) which, for the purpose of paragraph 1(2) of Schedule12 to FSMA, are to be transferred from Phoenix (Ireland Branch) and in respect of which the PRA has not prior to the making of the Order by which the Court sanctions this Scheme provided the certificate(s) referred to in paragraph 3 of Schedule 12 to FSMA with respect to the Republic of Ireland; and/or(ii) in respect of which, for the purpose of paragraph 1(2A) of Schedule 12 to FSMA, an EEA State other than the United Kingdom is the state in which the contract was concluded (for the purposes of FSMA) and the PRA has not prior to the making of the Order by which the Court sanctions this Scheme provided the certificatereferred to in paragraph 3A of Schedule 12 to FSMA with respect to the relevant EEA State which is the state in which the contract was concluded (for the purposes of FSMA); and/or(iii) for the purpose of Regulation 178(1) of the Irish Regulations an EEA State where the risks are situated or which is the state of the commitment has not consented to its assignment pursuant to Regulation 178(2)(b) of the Irish Regulations or is not deemed to have so consented pursuant to Regulation 178(3) of the Irish Regulations;(b) written or assumed by the relevant Transferor in the course of carrying on Long-Term Business but which are not ot...

Residual Liability means liabilities and duties of the Authority, including contingent and prospective ones, immediately before the repeal day.

Residual Liability means all or any part of a Transferring Liability which would be an Initial Transferring Liability but: