Owner liability definition

Owner liability means personal liability for a debt, obligation or liability of a domestic or foreign business or nonprofit corporation or unincorporated entity that is imposed on a person:
Sample 1Sample 2Sample 3
Owner liability means personal liability for a debt, obligation, or liability of an entity that is imposed on a per- son:
Sample 1Sample 2Sample 3
Owner liability means the liability of a shareholder, member, trustee, partner, limited partner or other owner of an organization for debts of the organization, including the responsibility to make additional capital contributions to cover such debts.
Sample 1Sample 2Sample 3

Examples of Owner liability in a sentence

  • Six of the research participants were refugees, who had had to leave their home country because of war or natural disaster, and the other seven were voluntary immigrants, who all are living in Finland because they are married to a Finn.

  • Although Manager shall cooperate in connection with obtaining insurance for Owner, liability with respect to any replacement cost estimates, underinsurance, lack of coverage, errors or omissions in applications, failure to comply with terms of any loan documents or otherwise, shall be Owner's it being Owner's sole responsibility to ensure that Owner is adequately insured.

  • As added by P.L.2-2002, SEC.6. IC 32-21-5-11 Owner liability for errors in formSec.

  • The prompt payment requirements herein shall, in no way, create any contractual relationship or obligation between the Owner and any Subcontractor, Supplier, or any third-party, nor create any Owner liability for the Contractor's failure to make timely payments as required.

  • Architect/Engineer and Owner liability for accuracy of survey information.

  • The Owner liability for cancellation will be limited to payments made to us.

  • Any complaint, claim or action brought against the Contractor for failing to observe or comply with any law, ordinance, or regulation shall be the sole responsibility of the Contractor and shall in no way extend to or expose the Owner liability and the Contractor shall indemnify and hold harmless the Owner from any and all such complaints, claims, or actions.

  • Each Contractor shall procure and maintain, at his own expense, until his work is accepted by the Owner, liability insurance as hereinafter specified.

  • To withstand a motion to dismiss, Plaintiffs must sufficiently allege that PBI was owner and/or operator of the facility at Barry Place at a time when hazardous substances were discharged at that property.a. Owner liability It is undisputed that PBI was not record owner of Barry Place after December 13, 1978.

  • Owner liability under Iowa Code section 321.493 does not apply to a party that only owns the trailer involved in an accident.


More Definitions of Owner liability

Owner liability means personal liability for a debt,
Sample 1Sample 2Sample 3
Owner liability means personal liability for a debt, obligation, or liability of an entity that is imposed on a person:
Sample 1Sample 2
Owner liability means personal liability for a debt, obligation, or liability of a domestic or foreign business or nonprofit corporation or unincorporated entity that is imposed on a person by either of the following: (a) Solely solely by reason of the person’s status as a shareholder, partner,
Sample 1

Related to Owner liability

  • Other Liabilities means any obligation on account of (a) any Cash Management Services furnished to any of the Loan Parties or any of their Subsidiaries and/or (b) any Bank Product furnished to any of the Loan Parties and/or any of their Subsidiaries.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.