Monetary Ceiling definition

Monetary Ceiling means the applicable monetary ceiling specified in clause 3.3 of the Scheme.
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Monetary Ceiling means, in respect of a liability in respect of a cause of action founded on an act or omission occurring after the commencement of the Scheme:
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Monetary Ceiling means the applicable monetary ceiling specified in clause 3.3 of the scheme. “most recent 12 month period” means the 12 months prior to the date and time of inception of the
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Examples of Monetary Ceiling in a sentence

  • Limitation of Liability The Occupational Liability of a person who is, or at the Relevant Time was, a Scheme Participant in respect of a cause of action founded on an act or omission occurring during the Duration of the Scheme is limited to the amount of the applicable Monetary Ceiling.

  • The operation of clause 6.1 limiting the liability of a person is subject to the proviso that the person is able to satisfy the Court that:the person has the benefit of an insurance policy or policies in accordance with the Insurance Standard insuring the person against the Occupational Liability to which the cause of action relates; and the amount payable under the policy or policies in respect of that occupational liability is not less than the amount of the applicable Monetary Ceiling.


More Definitions of Monetary Ceiling

Monetary Ceiling means the applicable monetary ceiling specified in clause 3.3 of the Scheme (as noted in the fourth column in the table at Paragraph 6.4).
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Monetary Ceiling means the applicable monetary ceiling specified in
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Related to Monetary Ceiling

  • Civil penalty means a penalty which is imposed on a credit provider by the operation of this Act and under which the debtor is not liable to pay to the credit provider an amount otherwise payable under a regulated contract.

  • Apprenticeable occupation means an occupation approved for apprenticeship by the U.S. Department of Labor, Office of Apprenticeship.

  • Ancillary crime or "ancillary charge" means any delinquent act committed by a juvenile as a part

  • Floodproofing means any combination of structural and nonstructural additions, changes, or adjustments to structures which reduce or eliminate flood damage to real estate or improved real property, water and sanitation facilities, structures, and their contents.

  • Violent crime means a forcible felony, as defined in Iowa Code section 702.11, and includes any other felony or aggravated misdemeanor which involved the actual or threatened infliction of physical or emotional injury on one or more persons.

  • Mechanical restraint means any device or object used to limit a student’s movement.

  • Ceiling means the height above the ground or water of the base of the lowest layer of cloud below 6 000 m (20 000 ft) covering more than half the sky;

  • Abnormal Market Conditions means conditions contrary to Normal Markets Conditions e.g. when there is low liquidity in the market or rapid price movements in the market or Price Gaps.

  • Regulation CF means Regulation Crowdfunding promulgated under the Securities Act.

  • Son or daughter of a covered servicemember means a covered servicemember's biological, adopted, or foster child, stepchild, legal ward, or a child for whom the covered servicemember stood in loco parentis, and who is of any age.

  • Delinquent act means (i) an act designated a crime under the law of this Commonwealth, or an

  • Combatant Commander means the commander of a unified or specified combatant command established in accordance with 10 U.S.C. 161.

  • Serious crime means conduct constituting an offence punishable by a maximum deprivation of liberty of at least four years or a more serious penalty;

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.