Direct Liability definition

Direct Liability with respect to any event, means the payment of money by Company or any of its Subsidiaries with respect to such event.
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Direct Liability means all obligations of an enterprise for which it has primary responsibility for repayment.
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Direct Liability means all Liability other than any Indirect Liability.
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Examples of Direct Liability in a sentence

  • As of the most recent valuation date for any Pension Plan, the amount of unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities), which could reasonable be expected to result in a Direct Liability does not exceed $1,500,000.

  • Seller will pay all Taxes required to be shown on all Direct Liability Returns.

  • As of the most recent valuation date for any Pension Plan, the amount of unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans 86 with respect to which assets exceed benefit liabilities), which could reasonable be expected to result in a Direct Liability does not exceed $1,500,000.

  • The minimum general liability insurance requirements set forth in this Section (entitled General Liability Insurance) do not limit the indemnification obligations of Client under the section of this Agreement titled Indemnification or the liability of Client under the section of this Agreement titled Direct Liability.

  • The parties agree that the rights and obligations contained in sub-clauses 6.1.2, 6.1.3, and 6.1.8, Clauses 8.4 (Taxes), 11 (Performance Obligations and Liabilities), 12 (Not Agent for Client's Customers; Client's Direct Liability), 14 (Information and Data Protection), and 15 (Advertising) of this Agreement shall survive the termination of this Agreement.

  • IIAs typically protect only those investments that have been made “in compliance with” the host state’s laws and regulations.306 The remark of the Tribunal in Phoenix v Czech Republic, that “nobody would suggest 303 ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Foreign Direct Liability and Beyond: Exploring the role of tort law in promoting international corporate social responsibility and accountability (Eleven International Publishing 2012) 470.

Related to Direct Liability

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Hovercraft Liability This policy does not cover "hovercraft liability".