Individual Liability definition
Individual Liability means that, except as otherwise expressly provided in this Agreement, you are liable to us for all Charges.
Individual Liability is defined in Section B I. clause 3 (a)(iii). “Items for Resale” is defined in Section A, clause 2.
Individual Liability means that, except as otherwise expressly provided in this Agreement, the Cardmember is liable to us for all Charges. These liability options are also described in the Cardmember Terms.
Examples of Individual Liability in a sentence
Officers and Directors of Issuer Exempt from Individual Liability.
Incorporators, Stockholders, Officers and Directors of Issuer Exempt from Individual Liability .
SECTION 11.1 Partners, Incorporators, Stockholders, Officers and Directors of Issuer Exempt from Individual Liability.
Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability.
Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability 47 Section 10.15.
More Definitions of Individual Liability
Individual Liability means that, except as otherwise expressly provided in this Agreement, the Cardmember is liable to us for all Charges.
Individual Liability. The Cardholder is solely liable for payment of all charges on their account. The Participating State or Purchasing Entity agrees to reimburse the Cardholder or to pay U.S. Bank directly for legitimate business expenses charged to the account.
Individual Liability means the individual's own liability for treatment under this program less that amount paid for through this program.
Individual Liability means that, except as otherwise expressly provided in this Agreement, the Cardmember is liable to us for all Charges. These liability options are also described in the Cardmember Terms.
b. Where this Agreement or any Cardmember Agreement makes reference to Cash Advance, cash facility, Express Cash or any other form of cash withdrawal, You are solely liable to us for all cash withdrawn and will assume full liability for any such Charges, irrespective of the liability type stated in the Cardmember Application.
c. In the case of “Combined Liability”, the burden of proof shall be on You to prove You are not liable for Charges through the provision of reasonable and adequate evidence that shows either: (i) Charges incurred by the Cardmember are personal in nature and did not accrue a benefit to You; or (ii) You have reimbursed the Cardmember.
d. In respect of all types of liability, You must:
i) instruct Cardmembers to submit their expense reports covering Corporate Card transactions promptly to You and in any event at least once a month;
ii) reimburse Cardmembers promptly for all Charges Cardmembers have paid directly to us;
iii) instruct Cardmembers that the Corporate Card is issued solely for use in accordance with the purposes permitted in the “Use of Cards and Accounts” sections of this Agreement (Section A, clause 2, Section B I. clause 2) and must not be used for the purposes set out in the “Prohibited Uses” section of this Agreement (Section A, clause 3). You must promptly report any misuse of the Corporate Card to us or instruct the Cardmember to do so; and
iv) provide all reasonable assistance upon our request in collecting any overdue payment from a Cardmember.
Individual Liability means that, unless otherwise expressly provid- ed for in this Agreement, you will be liable to us for all Transactions.
Individual Liability means, for each LC Bank, the amount set opposite its name in Schedule 1 (▇▇ ▇▇▇▇▇) under the heading “Individual Liability”.
Individual Liability is defined in Section B I. Clause 3 (a) (iii). “Items for Resale” is defined in Section A, Clause 2. “Law” refers to Royal Decree Law 19/2018 of 23 November on payment services and other urgent financial measures and any Law that subse- quently replaces it.