Liability Cap Amount definition

Liability Cap Amount means, in any calendar year, an amount equal to the Initial Management Fee for such calendar year.
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Liability Cap Amount shall have the meaning ascribed in Section 5.3.
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Liability Cap Amount means and refer to an aggregate amount equal to $US 1,700,000. In addition, Guarantor shall reimburse Counterparty for all sums paid to Counterparty by Manager with respect to such Guaranteed Obligations which Counterparty is subsequently required to return to Manager or a representative of Manager’s creditors as a result of Manager’s bankruptcy, insolvency, reorganization, liquidation, receivership, or similar proceeding. Guarantor’s obligations and liability under this Guaranty shall be limited to payment obligations only and Guarantor shall have no obligation to perform under any Agreement, including, without limitation, to sell, deliver, supply or transport gas, electricity or any other commodity. Guarantor agrees that if, at any time or from time to time, Counterparty makes written demand upon Guarantor pursuant to Section 5 hereof, which demand references this Guaranty and the Guaranteed Obligations then due and owing, Guarantor shall pay, or cause to be paid, such Guaranteed Obligations. Guarantor acknowledges that, for so long as this Guaranty is in effect, Counterparty may make one or more written demands in accordance with the preceding sentence. If all or a part of any payment made by Guarantor to Counterparty hereunder is later determined pursuant to the dispute resolution procedures set forth in the Agreement to have been improper because such amount was not actually owed by Manager to Counterparty under the Agreement or such payment was otherwise unjustified, Counterparty shall repay such amount to Guarantor within ten (10) business days of written demand by Guarantor. Nothing shall discharge or satisfy the liability of the Guarantor under this Guaranty except the full performance and payment of (i) the Guaranteed Obligations and (ii) any obligations of the Guarantor under this Guaranty. This Guaranty is independent of and shall not be affected by the issuance of any Qualified Letter of Credit in favor of Counterparty pursuant to Article 31 of the Agreement, or any amendments or replacements thereof, or by any full or partial draws made by Counterparty thereunder.
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Examples of Liability Cap Amount in a sentence

  • Sellers shall make arrangements reasonably acceptable to Buyer to ensure that funds constituting the Seller Liability Cap Amount are not distributed to creditors or other parties.

  • In addition, as security for Seller's post-Closing obligations, Buyer and Seller at the Closing Date shall enter into a Holdback Escrow Agreement ("Holdback Escrow Agreement") in the form of Exhibit "M" attached hereto, pursuant to which a portion of the Purchase Price equal to the Liability Cap Amount ("Holdback Escrow Funds") shall be deposited into an escrow account with Escrow Agent, to be applied and released subject to the terms and conditions set forth therein.


More Definitions of Liability Cap Amount

Liability Cap Amount. Section 9.3(a) “Lien” Section 10.1 “Losses” Section 10.1
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Liability Cap Amount means, in any calendar year, an amount equal to the Initial Management Fee for such calendar year. "Liquidator" shall have the meaning given in Section 9.2.
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Related to Liability Cap Amount

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Cap Amount shall have the meaning set forth in Section 2.3.10.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Contribution Amount has the meaning given in subsection 444-90(1A) in Schedule 1 of the Australian Taxation Administration Act 1953 (Cth).

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Indemnification Cap has the meaning set forth in Section 9.3(a).

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Terrorism Cap Amount is the specified percentage (which is at least equal to 200%) of the amount of the insurance premium that is payable at such time in respect of the property and business interruption/rental loss insurance required under the related Loan Documents (without giving effect to the cost of terrorism and earthquake components of such casualty and business interruption/rental loss insurance).

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Initial Bankruptcy Loss Coverage Amount $226,715.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Recourse Amount Has the meaning specified in Section 17.10 of the Participation Agreement.