No Liability definition

No Liability means with respect to a Securities Claim made against the Insured(s): (1) a final judgment of no liability obtained prior to trial, in favor of all Insureds, by reason of a motion to dismiss or a motion for summary judgment, after the exhaustion of all appeals; or (2) a final judgment of no liability obtained after trial, in favor of all Insureds, after exhaustion of all appeals. In no event shall the term "No Liability" apply to a Securities Claim made against an Insured for which a settlement has occurred.
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No Liability. If members of the Architectural Committee have acted in good faith, neither the Committee nor any member will be liable to the Association or to any Owner for any damage, loss or prejudice suffered or claimed due to: (a) the approval or disapproval of any plans, drawings and specifications, whether or not defective; (b) the construction or performance of any work, whether or not pursuant to approved plans, drawings, and specifications; (c) the development of any property within the Project; or (d) the execution and filing of any estoppel certificate, whether or not the facts therein are correct.
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No Liability means that with respect to an Insured who is the subject of a Disciplinary Proceeding, there is a:
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Examples of No Liability in a sentence

  • No Liability of Directors, Officers, Employees, Incorporators, Members and Stockholders 67 Section 11.14.

  • No person who is or has been a Trustee, officer or employee of the Trust shall be liable to the Trust or to any Series for any action or failure to act except for his or her own bad faith, willful misfeasance, gross negligence or reckless disregard of his or her duties involved in the conduct of the individual’s office, and for nothing else, and shall not be liable for errors of judgment or mistakes of fact or law.(d) No Liability for Acts of Others.

  • Article No Strike, No Lockout, No Liability on Part of Union ...........................................................................

  • No Trustee, officer, or employee of the Trust shall owe any duty, or have any related liability, to any Person whatsoever (including without limitation any Shareholder) other than to the Trust or any Series, and this Declaration of Trust eliminates any such duty arising at law (common or statutory) or in equity and any related liability, to the extent that such duty or liability may be so eliminated.(b) No Liability to Third Parties.

  • In no event shall the term "No Liability" apply to a Claim made against an Insured for which a settlement has occurred.


More Definitions of No Liability

No Liability. The Mortgage Manager shall have no liability for the acts or omissions of any Approved Solicitor or Approved Valuer, provided that:
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No Liability. Provided that the Security Trustee acts in good faith, it will not incur any liability to any Secured Creditor for giving effect to paragraph (a) or (b). -------------------------------------------------------------------------------- 16. Indemnity by Trustee
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No Liability. You will have no liability for unauthorized use of your Card, Convenience Checks, or other Access Devices for transactions if the following conditions are met: (1) you have used reasonable care in protecting your card from loss or theft; and (2) you have promptly reported to your financial institution when you knew that your Mastercard was lost or stolen.
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No Liability means a final judgment of no liability obtained in favor of an Insured Person after the exhaustion of all appeals. NON-INDEMNIFIABLE LOSS
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No Liability. A Force Majeure Event will not give rise to any cause of action or liability based on default of the provision that the party has failed to comply with or observe due to the Force Majeure Event.
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No Liability means all defendant Insureds obtain by reason of a motion to dismiss, motion for summary judgment or trial a final non-appealable judgment in their favor.
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No Liability. (whether in contract tort or otherwise) shall attach to the Vendor in respect of any Claim under the Tax Indemnity to the extent that the facts or circumstances giving rise to the Claim also give rise to a Claim under the Warranties and the Vendor shall have satisfied such Claim. In such circumstances, Claims under the Warranties shall be made in priority to Claims under the Tax Indemnity. The Purchaser shall only Claim under the Tax Indemnity to the extent that the liability of the Vendor thereunder exceeds the damages obtained by the Purchaser in its Claim for breach of the Warranties.
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