Liability Share definition

Liability Share means an amount equal to the liability proportion of the total difference between the value of the assets and the amount of the liabilities of the scheme;
Liability Share means the percentage amount set forth for each Project Participant in Exhibit S.
Liability Share means the percentage amount set forth for each Project Participant in Exhibit V.

Examples of Liability Share in a sentence

  • Following delivery of such replacement Buyer Liability Pass Through Agreement and cancellation of this Buyer Liability Pass Through Agreement, Exhibit S to the PPA will be deemed amended to reflect the Project Participant’s Revised Liability Share; provided that the Project Participant’s Revised Liability Share shall not exceed one hundred twenty-five percent (125%) of the Project Participant’s Initial Liability Share.

  • This BLPTA is an irrevocable, absolute, unconditional, and continuing guarantee of the punctual payment and performance, and not of collection, of Project Participant’s Liability Share of the Guaranteed Amount.

  • Buyer may propose amendments to Exhibit S, including with respect to the identity of Project Participants and the amount of each Project Participant’s Liability Share.

  • In the event CC Power shall fail to duly, completely, or punctually pay any amount owed by Xxxxx pursuant to the terms and conditions of the PPA, and such failure is not remedied within ten (10) Business Days after Notice thereof pursuant to Sections 11.1 or 11.4, as applicable, Project Participant shall promptly pay Project Participant’s Liability Share of the Guaranteed Amount, as required herein.

  • A Payment Demand shall be in writing and shall reasonably specify (a) what amount CC Power has failed to pay, (b) an explanation of why such payment is due and owing, (c) a calculation of the Guaranteed Amount due from Project Participant, and (d) a specific statement that Seller is requesting that Project Participant pay its Guaranteed Liability Share of the unpaid Guaranteed Amount under this BLPTA.

  • Project Participant shall, within fifteen (15) Business Days following its receipt of the Payment Demand, pay to Seller Project Participant’s Liability Share of the unpaid Guaranteed Amount.

  • Within sixty (60) days after the occurrence of a Step-Up Event, Project Participant and CC Power will tender to Seller a duly executed and binding replacement Buyer Liability Pass Through Agreement in the same form as this Agreement, but for a Liability Share equal to the Project Participant’s Revised Liability Share.

  • If CC Power fails to pay any amount when due pursuant to the PPA, and such failure is not remedied by CC Power within ten (10) Business Days after Notice thereof, then Seller may exercise its rights under this BLPTA and make a payment demand upon Project Participant to pay Project Participant’s Liability Share of the unpaid Guaranteed Amount (a “Payment Demand”).


More Definitions of Liability Share

Liability Share. Has the meaning given to it in clause 28.7;
Liability Share has the meaning set forth in Section 3.4 hereof.
Liability Share means, with respect to any Member, the amount of such portion multiplied by a fraction equal to (i) such Project Element Participant’s then existing entitlement or right, if any, to participate in such Project Element, divided by (ii) the aggregate amount of all Project Element Participants’ entitlements or rights to participate in such Project Element.
Liability Share is defined in Section 10.2(a)(viii).
Liability Share of a Producer which caused or is responsible for a Default or a Diversion or to which such Default or Diversion relates which has given rise to a Default Shortfall or a Diversion Shortfall, as the case may be, shall be with respect to such Default Shortfall or Diversion Shortfall a percentage determined by dividing the percentage interest of such Producer (as set forth in Schedule 1 hereto and as adjusted for changes in the Producers' Percentages as defined in and pursuant to the Supply Agreements or the Production Sharing Percentages as defined in the recitals thereof) by the aggregate percentage interest of all Producers (as set forth in such Schedule 1 as so adjusted) which have caused or which are responsible for such Default or Diversion or to which such Default
Liability Share of a Producer which caused or is responsible for a Default or a Diversion or to which such Default or Diversion relates which has given rise to a Default Shortfall or a Diversion Shortfall, as the case may be, shall be with respect to such Default Shortfall or Diversion Shortfall a percentage determined by dividing the percentage interest of such Producer (as set forth in Schedule 1 hereto and as adjusted for changes in the Producers' Percentages as defined in and pursuant to the Supply Agreements or the Production Sharing Percentages as defined in the recitals thereof) by the aggregate percentage interest of all Producers (as set forth in such Schedule 1 as so adjusted) which have caused or which are responsible for such Default or Diversion or to which such Default or Diversion relates. With respect to the imposition of Taxes referred to in Section 3.3 hereof, each Producer shall be deemed to have caused the corresponding Diversion to the extent of its percentage interest as shown in Schedule 1 hereto, adjusted as aforesaid. No adjustment to the Producers' Percentages or the Production Sharing Percentages referred to in this Section 3.4 shall be effective for purposes of this Agreement until the Producers have provided to the Tranche A Lender and the Agent a copy of an amended Schedule 1 which properly reflects such adjustment. Any adjustment to the Producers' Percentages or the Production Sharing Percentages or revision to Schedule 1 shall require the mutual agreement of the Producers, but shall not require any consent, approval or other action by the Tranche A Lender, the Agent, any Lender or the Trustee.

Related to Liability Share

  • 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.

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

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Contribution Share means, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • equity share means any share of any class of shares of a company carrying voting rights under all circumstances and any share of any class of shares carrying voting rights by reason of the occurrence of any contingency that has occurred and is continuing; (“action participante”)

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Time share means a right to occupy a unit or any of several units during 5 or more separated time periods over a period of at least 5 years, including renewal options, whether or not coupled with an estate or interest in a common interest community or a specified portion thereof.

  • Overall Share Limit means the sum of (i) 4,289,936 Shares; (ii) any Shares that are subject to Prior Plan Awards that become available for issuance under the Plan pursuant to Article V; and (iii) an annual increase on the first day of each year beginning in 2019 and ending in 2028, equal to the lesser of (A) 5% of the Shares outstanding (on an as-converted basis) on the last day of the immediately preceding fiscal year and (B) such smaller number of Shares as determined by the Board.

  • car-share means the practice where a number of people share the use of one or more cars that are owned by a profit or non-profit car-sharing organization and where such organization may require that use of cars to be reserved in advance, charge fees based on time and/or kilometres driven, and set membership requirements of the car-sharing organization, including the payment of a membership fee that may or may not be refundable;

  • Company Share means one share of common stock of the Company, $0.01 par value per share.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Proportionate Liability means the proportion of any judgment that, had the Settling Defendants not settled, the Ontario Court or Quebec Court, as applicable, would have apportioned to the Releasees.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Common expense liability means the liability for common

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

  • Aggregate Stock Consideration means a number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (x) the Base Purchase Price less (y) the Aggregate Cash Consideration, by (ii) $10.00.

  • Liability means any liability or obligation (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.

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

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Unit Share means a Common Share comprising part of each Unit;

  • Common Share means one share of the common stock of the Company.

  • Sale Share means a Share which is sold or disposed of in accordance with this Schedule.

  • Share means a share of the Common Stock, as adjusted in accordance with Section 13 of the Plan.

  • Ordinary Share means a Class A Ordinary Share or a Class B Ordinary Share;