Transferring Liabilities definition

Transferring Liabilities means the Transferring Liabilities as defined in the Bulk Transfer Deed.

Transferring Liabilities means the Liabilities of the Transferor arising in connection with the Transferring Business, to the extent they arise before, or to the extent they relate to a period prior to, the Relevant Date, and whether or not situated in, or governed by the laws of, England and Wales, Scotland or Northern Ireland, including all Liabilities arising under, or in connection with, the Transferring Arrangements and Replicated Arrangements, but excluding the Excluded Liabilities;

Transferring Liabilities means the Development Liabilities and the O&M Liabilities.

Examples of Transferring Liabilities in a sentence

• The Parties agree that the consideration, the sufficiency of which is hereby acknowledged by the Parties, for the transfer of the Transferring Assets, the Residual Policies and the Residual Assets to the Transferee shall be the assumption by the Transferee of the Transferring Liabilities and of such Liabilities under Residual Policies and such Residual Liabilities as are transferred to the Transferee on their respective Subsequent Transfer Dates.

• Each of the Transferor and the Transferee shall execute and deliver such further documents (including assignments or novations, as appropriate) and perform such further acts as may be required by law or as may be necessary or reasonably required by the other party to effect or perfect the transfer to and vesting in the Transferee of the Transferring Assets, Transferring Liabilities, Residual Assets and Residual Liabilities in accordance with the terms of this Scheme.

• The production of a copy of the Order with any modifications, amendments and/or additions made under clause 13, shall for all purposes be evidence of the transfer to and vesting in the Transferee of (i) the Transferring Business, the Transferring Assets, the Transferring Liabilities and the Transferring Policies, on and from the Effective Date; and (ii) the Residual Assets and Residual Liabilities, on and from the Subsequent Transfer Date.

• The production of a copy of the Order with any modifications, amendments and/or additions made under clause 12, shall for all purposes be evidence of the transfer to and vesting in the Transferee of (i) the Transferring Business, the Transferring Assets, the Transferring Liabilities and the Transferring Policies, on and from the Effective Date; and (ii) the Residual Assets and Residual Liabilities, on and from the Subsequent Transfer Date.

More Definitions of Transferring Liabilities

Transferring Liabilities means all:

Transferring Liabilities means all risks, obligations and liabilities of the Transferor on the Scheme Effective Date to the extent arising out of or relating to the Transferring Policies and the Transferring Business but excluding the Residual Liabilities; and

Transferring Liabilities means all liabilities of CLICL as at the Effective Date attributable to the CLICL Business including all liabilities and any current or pending complaints, legal proceedings or other dispute resolution proceedings under or in relation to Transferring Policies (including all liabilities to pay Unit- Linked Benefits in relation to Class C Policies), the Transferring Assets and the CLICL Business, and all associated liabilities, including tax liabilities, attributable to CLICL amounts due to affiliates, fines, penalties, damages and compensation due to policyholders of CLICL for non-compliance or mis-selling by CLICL, any liabilities or obligations of CLICL under any Reinsurance Agreements, Agency Agreements, Broker Contracts and Business Contracts and liabilities in connection with Proceedings;

Transferring Liabilities means any and all liabilities whatsoever of FACL (other than to the extent discharged prior to the Transfer Date) arising in connection with or in relation to the carrying on of the Transferring Business including (for the avoidance of doubt) all liabilities of FACL under the Transferring Contracts and the Reinsurance Contracts and all liabilities of FACL which remain outstanding at the Transfer Date or may thereafter arise and relate to, or arose during, any period prior to the Transfer Date in so far as those liabilities relate to the carrying on by FACL of the Transferring Business (but excluding the Residual Liabilities and liabilities under, or relating to, the Retained Insurances); and

Transferring Liabilities means all Liabilities of the Transferor of every kind and description (whether present or future, actual or contingent, lapsed, expired or reinstated) comprised in or attributable to the Transferring Policies and/or the Transferring Assets, including Liabilities in respect of the Provider Contract Indemnity and Liabilities in respect of any claim for Mis- selling by any current or former Policyholder who holds a Transferring Policy or has held a Transferring Policy prior to the Effective Date, excluding the Excluded Liabilities;

Transferring Liabilities means the Liabilities of the UK Branch, and until the relevant Subsequent Transfer Date of each Residual Liability, the Residual Liabilities;

Transferring Liabilities means the liabilities of the Transferor as at the Effective Date under the Transferring Policies and the Transferring Assets but excluding the Residual Liabilities, the Excluded Liabilities and any liabilities under or relating to the Excluded Policies;