Scheme Liabilities definition

Scheme Liabilities means LFSL's Liabilities in respect of the Scheme Claims.

Scheme Liabilities all employer and employee contributions, payments and other sums due from the Admission Body to the Administering Authority under the Admission Agreement or the Regulations in respect of the current or former Eligible Employees or otherwise;

Scheme Liabilities all employer and employee contributions payments and other sums due from the Admission Body to the Fund under the Admission Agreement or the Regulations (including for the avoidance of doubt any revised contribution(s) due when the Admission Agreement ceases to have effect).

Examples of Scheme Liabilities in a sentence

• The sum of [amount] pounds sterling (£) is properly due in respect of the Scheme Liabilities.

• The sum of [ ] pounds sterling (£) is properly due in respect of the Scheme Liabilities as defined in the Bond.

• As a condition precedent to payment, Landlord agrees to provide Tenant with a completed IRS Form W-9, or its equivalent, upon execution of this Agreement and at such other times as may be reasonably requested by Tenant, including, any change in Landlord’s name or address.

• In particular (but without limitation) the obligations of the Guarantor under this Deed shall not be affected by (i) any lack of validity or enforceability of, or any amendment to (however fundamental and of whatever nature), the Scheme Liabilities or the Admission Agreement, (ii) any increase or additions to the Scheme Liabilities (iii) the granting of any time, indulgence or concession by any party to the CRC or (iv) any insolvency or similar proceedings in relation to the CRC.

• If any payment exceeds the amount required to discharge the Scheme Liabilities, the Administering Authority must refund any overpayment to the Guarantor.

• The sum of [ ] pounds sterling (£ ) is properly due in respect of the Scheme Liabilities as defined in the Bond Agreement.

• All sums paid by the Guarantor in accordance with Clause 2.2 (Service of Payment Notice and Payment) shall be held and applied by the Administering Authority for the purpose of paying and discharging the Scheme Liabilities.

• Subject to Clause 5 (Termination), the obligations of the Guarantor hereunder shall be continuing obligations notwithstanding any settlement of account and, in particular but without limitation, shall not be considered satisfied by any intermediate payment or satisfaction of all or any of the Scheme Liabilities.

• If any payment exceeds the amount required to discharge the Scheme Liabilities, the Administering Authority shall refund any overpayment to the Guarantor.

• Where following the occurrence of a Relevant Event the Admission Body has failed to pay all Scheme Liabilities (in whole or in part) to the ‘Administering Authority’ within 30 days of receiving a written demand from the ‘Administering Authority’ the Guarantor shall pay to the ‘Administering Authority’ such sum or sums (not exceeding in the aggregate the Bond Amount) as the ‘Administering Authority’ claims in respect of the unpaid Scheme Liabilities.

More Definitions of Scheme Liabilities

Scheme Liabilities all employer and employee contributions, payments and other sums due from the Transferee Admission Body to the Administering Authority under the Transferee Admission Agreement or the Regulations in respect of the current or former Eligible Employees or otherwise; “Transferee Admission Agreement” the admission agreement between the Administering Authority [Scheme Employer] and the Transferee Admission Body, which allows the Eligible Employees to be members of the Scheme and participate in the Fund;

Scheme Liabilities means any liabilities of the local author­ ity that were incurred (whether solely or partially) for the pur­ poses of any land drainage scheme or water­race scheme pro­ posed to be transferred under this Part and, without limiting the generality of the foregoing provisions of this definition, includes—

Scheme Liabilities means any liabilities of the local authority that were incurred (whether solely or 30partially) for the purposes of any land drainage scheme or water-race scheme proposed to be transferred under this Part of this Act and, without

Scheme Liabilities means any liabilities of the local authority that were incurred (whether solely or partially) for the purposes of any land drainage

Scheme Liabilities at any time, means the aggregate value of the liabilities of the Scheme at that time as calculated by the Responsible Entity in accordance with Clause 15.0 of the Constitution.

Scheme Liabilities means a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits or to effect and carry out contracts of general insurance; or a person who does not require permission under that Act to accept deposits, by way of business, in the United Kingdom. shall mean the amount assessed by the Fund Actuary as representing the exit and other payments arising on termination, employer and employee contributions and associated benefits, cessation deficits, other deficits or losses to the Fund; all other sums (including interest payable under the Regulations) which are due and payable by the Admission Body and which arise from the admission of persons to the Fund under the Admission Agreement and in each case whether they arise under the express provisions of the Admission Agreement, the Regulations or subsequent governing regulations.