Monetary liability definition

Monetary liability means the bank notes and coins in circulation existing in the balance sheet of the Bank.
View Source
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
View Source
Monetary liability of the Client means the Client’s liability under Buying on Margin.
View Source

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.
View Source

Related to Monetary liability

  • Third Party Liability means both of the following:

  • Environmental, Health and Safety Liabilities means any cost, damages, expense, liability, obligation, or other responsibility arising from or under Environmental Law or Occupational Safety and Health Law and consisting of or relating to:

  • 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.

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Environmental Liabilities and Costs means all liabilities, monetary obligations, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand by any Governmental Authority or any third party, and which relate to any Environmental Action.