Potential Liability definition
Examples of Potential Liability in a sentence
In the event of non-payment by the Owner, the Owner will also be liable to pay interest on the sums due and all expenses reasonably incurred by the Association, including court expenses and the registration dues on any Notice of Potential Liability for Payment and Discharge of a Notice of Potential Liability for Payment.
Notwithstanding the generality of the foregoing, if security has been provided in respect of a Potential Liability which is attributable to an accounting period and the Lessor's and Lessor Agent's Corporation Tax computation for that period is treated as agreed or determined in accordance with the provisions of this clause 25.5, the Lessor shall release such security to the extent that it exceeds the actual Corporation Tax, as so determined or agreed, relating to that accounting period.
See "Business." Potential Liability and Insurance Natural gas operations are subject to certain risks, including explosions, uncontrollable flows of gas or well fluids, fires, pollution and other environmental risks.
In addition, the company received a Notice of Potential Liability and Request to Perform RI/FS dated June 30, 2000, from USEPA.
On March 22, 1990, the Environmental Protection Agency (the "EPA") issued to the Debtors a Notice of Potential Liability pursuant to Section 107(a) of CERCLA with respect to a site located in Front Royal, Virginia, owned at the time by Avtex Fibers Front Royal, Inc., which has filed for bankruptcy.
The existence of competing parties could have a material adverse effect on the revenues or profitability of the Trust and its ability to meet its debt obligations.5. Potential Liability under Environmental Protection LegislationEnvironmental and ecological legislation and policies have become increasingly important in recent years.
For purposes of this first, new, “Tax Expenditure and Potential Liability Report,” the Joint Committee agreed the content of this report would remain materially the same as the previous Tax Expenditure Reports (RSA 77-A:5-a), except that the data shall be reported on a fiscal year basis instead of the previous calendar year reporting.
Special thanks go to Allyn Taylor and Sean Murphy for providing materials used by the World Health Organization’s Consultation Committee on Potential Liability and Compensation Provisions for the FCTC.
Potential Liability for Inadequate or Misleading Climate-related Disclosure In this final section of the White Paper, we discuss potential claims against issuers and directors for climate-change related disclosure or non-disclosure.
Potential Liability and/or Disciplinary Action A violation of Regulation FD will result in a violation of Section 13(a) or 15(d) of the Exchange Act and may subject EPD (and, in appropriate cases, the individual at EPD responsible for the violation) to an SEC enforcement action, a cease-and-desist order and/or civil money penalties.