Potential Liability definition

Potential Liability means a liability to or claim for Tax which may result in a claim against the Sellers under this Schedule, or which may do so if paragraph 3 of this Schedule were not to apply;
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Potential Liability has the meaning given in paragraph 1.1 of Schedule 7 (Tax);
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Potential Liability means any liability (howsoever caused) of TTL to the PASS Agent (including any liability for the acts and omissions of TTL’s employees, agents (including but not limited to the Managing Agent or sub-contractors) in respect of any breach of TTL’s Obligations (including without limitation any failure or delay in the supply of the services by TTL or on the part of TTL’s employees, agents or sub- contractors) whether such liability arises in contract (by way of indemnity or otherwise), tort (including but not limited to negligence), breach of statutory duty, restitution or otherwise; and
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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.


More Definitions of Potential Liability

Potential Liability means any liability (howsoever caused) of the University to you (including any liability for the acts and omissions of the University’s employees, agents or sub-contractors) in respect of any failure of the University to comply (whether by act or omission) with the University‘s Obligations (including without limitation any failure or delay to grant any licence pursuant to this Licence by the University or on the part of the University’s employees, agents or sub-contractors) whether such liability arises in contract (by way of indemnity or otherwise), tort (including negligence), breach of statutory duty, restitution or otherwise.
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Potential Liability means, as of any date, the amount that is the sum of :
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Potential Liability means a liability to or claim for Taxation or a non-availability, loss, reduction or cancellation of any Relief which may result in a claim against the Seller under this Schedule, or which may do so if paragraph 5 of Schedule 5 were not to apply, or any matter which may result in a claim against the Seller for breach of a Tax Warranty; Purchaser’s Group, for the purposes of this Schedule only, means the Purchaser and those companies (other than a Group Company) which may be treated for relevant Taxation purposes as being, or as having at any time been, either a member of the same group of companies as the Purchaser or otherwise associated with the Purchaser;
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Potential Liability means any obligation or other liability of the Company (whether due or to become due) of any nature that is not an Accrued Liability, including (i) any such obligation or other liability that is undetermined in dollar amount or that is unliquidated, unmatured or contingent in nature and (ii) any such obligation or other liability that exists or may arise in connection with any of the matters reflected in the Projected Cash Disbursement Schedule or in connection with any Company Contract or (iii) any such obligation or other liability that exists or may arise in connection with any claim, Legal Proceeding (other than that certain Legal Proceeding captioned M&B Xxxxx Family Limited Partnership of 1996 vs. Xxxxxx X. Xxxxx, et al., Civil Action No. 20303-NC, in the Court of Chancery of the State of Delaware, except to the extent there shall have been a material adverse development in such Legal Proceeding or any material adverse expansion in the claims or causes of action included in 6. such Legal Proceeding) or other event or circumstance that could give rise to an Accrued Liability or a liability of the type described in clause "(i)" or clause "(ii)" of this sentence.
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Potential Liability means a liability to or claim for Tax which may result in a claim against the Seller under this Schedule 7, or which may result in a claim against the Seller for a breach of a Tax Warranty; “Pre‑Completion Tax Affairs” means the Tax affairs of the Company for which the Seller is responsible under sub-paragraph 1.1 of Part B to this Schedule 7; and “Relief” means any loss, allowance, credit, relief, deduction or set-off in respect of Tax or any right to a repayment of Tax.
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Potential Liability means (i) an environmental condition identified in the Environmental Assessment of or on a particular property owned, leased or operated by QSI or a QSI Subsidiary or (ii) any other condition, fact or item identified by Key in the course of its inspection of QSI pursuant to Section 5.1.5 hereof with respect to any SWD Well that, in either case, would make a representation or warranty contained in Sections 3.1.8.17, 3.1.8.18, 3.1.17 (including all subparagraphs thereto) and 3.1.20 hereof untrue in any respect.
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Related to Potential Liability

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.