Monetary liability definition
Monetary liability means the bank notes and coins in circulation existing in the balance sheet of the Bank.
Monetary liability means currency in circulation, financial claims against the Bank, and deposits by non-government resident entities, existing in the balance sheet of the Bank; 15
Monetary liability of the Client means the Client’s liability under Buying on Margin.
Examples of Monetary liability in a sentence
Monetary liability of this Agreement by Registry shall not exceed the amount of accreditation deposit paid by Registrar to Registry under Section 5.3 of this Agreement.
Monetary liability arising by virtue of a breach of this Section 5.15 shall be the personal and individual responsibility of the Person who has breached the provisions of this Section 5.15.
More Definitions of Monetary liability
Monetary liability means all present and future amounts Party A is, or may be, obligated to pay under each IRFA (as defined in the Confirmations), collectively. Such amounts may occur for any of the following reasons: (a) any expected delay or shortfall in the receipt of anticipated Tax Benefits (as defined in the applicable Guaranteed Partnership Agreement) to the Limited Partner (as defined in the applicable Guaranteed Partnership Agreement) which would cause the calculated Internal Rate of Return (as defined in the applicable Guaranteed Partnership Agreement) to be less than the Guaranteed Return Rate (as defined in the Guaranteed Partnership Agreement); (b) any potential recapture or loss of Tax Benefits which would cause the calculated Internal Rate of Return to be less than the Guaranteed Return Rate; or (c) to the extent not already covered by (a) or (b), the occurrence of any event or circumstance that may lead to an obligation of Party A to pay any amounts under the IRFA; in any case, for which the General Partner (as defined in the applicable Guaranteed Partnership Agreement) or a party on behalf of the General Partner has not already paid or posted collateral so as to eliminate Party A’s risk under the applicable IRFA with respect thereto.