Transferring Liabilities definition

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 the Transferring Liabilities as defined in the Bulk Transfer Deed.

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;

Examples of Transferring Liabilities in a sentence

• On and with effect from the Effective Date, the Transferring Liabilities shall, by the Order and without any further act or instrument, be transferred to and become liabilities of the Transferee and shall cease to be liabilities of the Transferor.

• The production of a copy of the Order and of this Scheme, with any modifications made under paragraph 33 (Variations), for all purposes shall be conclusive evidence of the transfer to, and vesting in, the Transferee of the Transferring Business (including the Transferring Assets and the Transferring Liabilities).

• The consideration for the transfer of the Transferring Business (including the Transferring Assets and the Transferring Liabilities) will be its fair market value, unless otherwise agreed in writing between the Transferee and the Transferor prior to the Sanction Hearing.

• The purpose of the Scheme is to make provision for the transfer of the Portfolio of Insurance from the Transferors, as legal and beneficial owners, to the Transferee and the consequent assumption of the Transferring Assets and the Transferring Liabilities by the Transferee such that the Transferee shall succeed to the rights and obligations of the Transferors as underwriter of the Transferring Policies, with effect from the Effective Time.

• The Scheme defines the “Business” to be the long term business carried on in or from Hong Kong by the SRZHK branch, consisting of the Transferring Assets, the Transferring Liabilities and the Transferring Policies.

More Definitions of Transferring Liabilities

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 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 all:

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

Transferring Liabilities means, other than the Excluded Liabilities, all debts, liabilities and obligations whatsoever of the Transferor in respect of the Transferring Business including (without limitation):

Transferring Liabilities means all liabilities whatsoever (whether present or future, actual or contingent) 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 obligations and liabilities of FACL under the Transferring Contracts and the Reinsurance Contracts and any liabilities or obligations 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, but excluding the Residual Liabilities and liabilities under, or relating to, the Retained Insurances; and

Transferring Liabilities means all Liabilities of the Transferor in relation to the Transferring Business including all Liabilities arising under, or by virtue of the Accounts, the Customer Contracts, the Transferring Third Party Contracts, the Transferring Loans and the Transferring Security but excluding (i) until the relevant Subsequent Transfer Date of each Residual Liability, the Residual Liabilities and (ii) the Excluded Liabilities;