General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;
Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.
Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.
Personal liability means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization:
Environmental Liabilities and Costs means all liabilities, monetary obligations, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand by any Governmental Authority or any third party, and which relate to any Environmental Action.