Economic Loss Sample Clauses
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Economic Loss. An Employee covered by this Agreement who has at any time since May 1, 1961, received a wage rate in his present classification in excess of the rate for that classification, set forth in Article 1, paragraph 1 of this Agreement, shall suffer no reduction in his rate per hour through the signing of this Agreement, so long as he continues to be employed by the same Employer, and works in the same classification. In no event, however, will any Employee be entitled to weekly overtime pay for hours worked unless such hours exceed forty-eight (48) hours in any work week. No Employee shall receive less than the hourly rates provided in Article 1 of this Agreement.
Economic Loss. Except for willful misconduct, the parties shall not be liable towards each other for any indirect or consequential damage or loss such as, but not limited to, loss of profit, loss of production or loss of opportunity.
Economic Loss. (a) As respects Layer One: If there are no Significant Negative Results, this term shall mean the Net Present Value of Ultimate Net Loss payments made by Reinsurer in Layer One less the sum of (i) the Net Present Value of Layer One reinsurance premium paid and (ii) the Net Present Value of Optional Retrospective Premium actually paid to the Reinsurer as stipulated in the article entitled REINSURANCE PREMIUM. If there are Significant Negative Results at any time after the Closing Date, this term shall mean the Net Present Value of Ultimate Net Loss payments made by the Reinsurer in Layer One less the sum of (i) the Net Present Value of Layer One reinsurance premium paid and (ii) if positive, the difference between the Net Present Value of Optional Retrospective Premium actually paid to the Reinsurer and $40,000,000.
(b) As respects Layer Two, this term shall mean the Net Present Value of Ultimate Net Loss payments made by Reinsurer in Layer Two less the Net Present Value of Layer Two reinsurance premium paid.
Economic Loss. The Customer grants Nurved a lien over Customer Equipment to secure all sums due, owing or incurred to Nurved under this Agreement and such lien shall continue and Nurved shall be entitled to retain possession of all Equipment (and the Customer shall not be entitled to remove the Equipment from the Property) until Nurved has received all such sums in cleared funds. If after a period of 30 days following account termination, monies are still owed by the customer, Nurved Consulting reserve the right to dispose of the Equipment in order to satisfy the debt.
Economic Loss. Onvoir shall not in any event be liable to the Publisher or any third party, whether in contract, tort or otherwise, and irrespective of cause for:
11.1 any loss of profit, business, goodwill, contracts, revenues or anticipated savings suffered by the Publisher, any sub-Publisher or the Publisher Advertisers; or
11.2 any special, indirect or consequential loss of any nature whatsoever suffered by the Publisher, any sub-Publisher, or a third party whether resulting from the use of Onvoir services under or pursuant to this Agreement including non-delivery, interruption in service, or failure of the internet infrastructure that the Onvoir service relies upon, however that interruption or failure is caused, or in respect of any other liability arising on the part of Onvoir to the Publisher and/or any third party.
Economic Loss. EMPLOYEES covered by this Agreement receiving wages or conditions over and above those listed in this Agreement shall suffer no economic reduction through the signing of this Agreement. No EMPLOYEE shall receive less than the hourly rates provided in this Agreement. Individual Negotiating:
Economic Loss. The Lender believes that an investment in the Securities is suitable for the Lender based upon the Lender’s age, other investments, tax status, investment experience, investment objectives, investment time horizon, liquidity needs, risk tolerance, financial needs, among other factors. The Lender:
(i) has adequate means for providing for the Lender’s current financial needs and personal contingencies; (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Lender's net worth, and (v) the Lender's investment in the Securities will not cause such overall commitments to become excessive.
Economic Loss. Damage that is estimated to represent a 20% or greater crop yield loss
Economic Loss. Notwithstanding anything contained in these General Conditions or the Contract, the Seller shall in no circumstances be liable, in contract, tort (including negligence or breach of statutory duty) or otherwise howsoever, and whatever the cause thereof (i) for any loss of profit, business, contracts, revenues, or anticipated savings, or (ii) for any special indirect or consequential damage of any nature whatsoever.
Economic Loss. The Subscriber believes that an investment in the Securities is suitable for the Subscriber based upon the Subscriber’s investment objectives and financial needs. The Subscriber (i) has adequate means for providing for the Subscriber’s current financial needs and personal contingencies; (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; and (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Subscriber's net worth, and the Subscriber's investment in the Securities will not cause such overall commitments to become excessive.