Joint Liability definition

Joint Liability. Provision has the meaning given in Schedule 5.
Joint Liability means any Liability that is (i) both a CBS Liability and a New Viacom Liability and (ii) not exclusively a CBS Liability or a New Viacom Liability.
Joint Liability means when more than one person or organisation are jointly liable, each person is individually liable to the full amount of the relevant obligation;

Examples of Joint Liability in a sentence

  • The supply of documents regarding Joint Liability is carried out with the use of an IT platform names SRS (Joint Liability System).

  • Dell shall not settle any Audit regarding Joint Liability Returns without the prior consent of VMware, which consent shall not be unreasonably withheld, conditioned or delayed.

  • If any Joint Liability can not be so allocated by the parties, Artistic will be responsible for 100% of such Joint Liability and ADI will pay to Artistic amounts necessary to satisfy 55% of such Joint Liability (within five days of Artistic's satisfaction of such liabilities).

  • Such IT platform is the interaction point between third-party Contractor and Enel unit which works with the inspections regarding Joint Liability.

  • Such IT platform is the interaction point between third-party Contractor and ENEL unit which works with the inspections regarding Joint Liability.

  • The indemnification set forth in this Section 10B (i) is an independent indemnification section that applies to breaches of Section 2A only; (ii) with the exception of the ▇▇▇▇▇ and ▇▇▇▇▇ Holdings Joint Liability makes each SNIH Stockholder liable only for its own breach severally, not jointly; and (iii) is not subject to the Indemnification basket or the Indemnification Deductible or any ceiling other than the Overall Proportion Indemnification Ceiling.

  • This trust agreement secures the CTA-Secured Direct Commitments Life Sci- ence that in each case are transferred to LS OpCo. The securing of the CTA- Secured Direct Commitments Life Science shall also remain effective under the CTA concluded by LS OpCo during the term of the Life Science Assump- tion Of Joint Liability under the business lease.

  • Carplastic and Mexico Buyer acknowledge that under Applicable Law they will be jointly liable for Joint Employment Liabilities for six (6) months following the Closing (the "Joint Liability Period"); provided that, during the Joint Liability Period, Carplastic shall indemnify Mexico Buyer for Joint Employment Liabilities arising prior to the Closing.

  • The trans- ferred pension obligations, time accounts, and other employee-related obliga- tions described in § 11.7, § 11.10, § 11.11, § 23.7, § 23.10, § 23.11, and § 35.7, § 35.10, § 35.11 of the Operational Hive-down Agreement and the As- sumptions Of Joint Liability declared by the OpCos in the respective Business Lease Agreements shall remain unaffected hereby.

  • The Account Program Sponsor (and you if this program has Joint Liability as describe below) is responsible for all charges on the Account.


More Definitions of Joint Liability

Joint Liability. No credit shall be given for interest and/or compensation for any payments registered by us before the 40th day after invoice date On the other hand, an amount equal to 2 25% shall be charged for any larger arrears automatically and without prior notice of default for the amount owed on the 40th day after invoice day As of the 60th day following the invoice date, any outstanding amount remaining unpaid at that point will be subject to a charge of 4% of the outstanding amount This will be automatically applied without prior notice
Joint Liability. Should one or more persons execute this agreement by tender of their payment (in lieu of signatures), all such persons, including Tenant named on the lease, as well as other members of the party occupying the Property, shall be jointly and severally liable for all terms and conditions set forth in this rental agreement.
Joint Liability simply means there is only one and the same promise / obligation jointly made by two or more persons. If one person performs the promise, the other persons will accordingly be discharged.
Joint Liability means liability that is owed to a third party by two or more other parties together. The joint obligator has the right to insist that the co- obligator(s) be joined as a co-defendant with him (i.e. that they be sued together).
Joint Liability means that each party is liable for the full amount.
Joint Liability. Provision is a Compensation Rule (or other provision of the TPD) under which the Transporters collectively are liable to pay to or (as the case may be) entitled to receive any amount from a User or Users as a result of any failure (on the part of any Transporter(s) or User) to achieve a standard prescribed in the Code.; and

Related to Joint Liability

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

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

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

  • 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);

  • Aircraft Liability This policy does not cover "aircraft liability".