Final Liability definition

Final Liability means a Litigation Liability which is evidenced by a final non-appealable judgment, order or other determination; or an Asserted Liability or a Litigation Liability which the Trustee determines should be accepted or settled and paid out from the Liquidating Trust Estate.
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Final Liability is defined in Section 8(c).
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Examples of Final Liability in a sentence

  • Final Liability Amount – The final liability amount will be assessed after consideration of the above factors.

  • Any actions necessary to terminate the Fund’s registration with federal or state securities authorities may, if needed, be completed prior to completion of the post-liquidation disposition of the Illiquid Holding and payment of the Final Liability described above.

  • Following the liquidating distributions described in Section 6, the Fund, acting through its Officers, shall seek to cause the liquidation of the Illiquid Holding and, from the proceeds thereof, pay the Final Liability.

  • After the Final Liability is discharged, any excess proceeds realized from the disposition of the Illiquid Holding would not be retained by the Fund or by Xxxxx Fargo Asset Management.

  • STEP 10 – Final Liability Amount The final liability amount consists of the added amounts for each violation, with any allowed adjustments, provided the amounts are within the statutory minimum and maximum amounts.

  • This distinction was mostly madebased o the fact that the Eastern Abkhazians supposedly share more cultural traits with Mingrelians and Georgians than the Western Abkhazians.

  • The Final Liability Amount is $7,382,447, which is within the minimum and maximum liability amounts.11 11 As explained in Section II, paragraph 12 of the Stipulated Order, the administrative civil liability was reduced to $6,000,000 under Enforcement Policy, section VI.B. (Settlement Considerations) in consideration of hearing and/or litigation risk.

  • The Final Liability Amount consists of the added amounts for each violation, with any allowed adjustments, provided the amount is within minimum and maximum liability amounts.

  • The Accelerated Audit is concluded by an Accelerated Audit Closing Agreement (“AACA”) under which the taxpayer agrees to a final liability for the Audit Period (“Proposed Final Liability”) and the Finance Department agrees to accept the Proposed Final Liability as final payment for all the Outstanding Liabilities.

  • The Taxpayer's Outstanding Liabilities for New York City Hotel Room Occupancy Tax ("HROT") are $ ("Final Liability").

Related to Final Liability

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

  • Liability means any liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.