Primarily liable definition
Primarily liable means that the third party involved in the motor vehicle accident is more than fifty per cent liable for purposes of section 2315.33 of the Revised Code.
Primarily liable means more than fifty per cent liable for purposes of section 2315.33 of the Revised Code.
Primarily liable for any Borrower, means liability in amount equal to the proceeds of the Loans which were made available to such Borrower. The “Allocable Amount” for any Borrower at any time shall be the maximum amount that could be recovered from such Borrower at such time under the Loan Documents without rendering such payment voidable under Section 548 of the Bankruptcy Code or under any applicable state fraudulent transfer or conveyance act, or similar statute or common law.
More Definitions of Primarily liable
Primarily liable means the Taxes assessed directly on the Lessee or one of its Affiliates by relevant Tax authorities and due for payment directly by the Lessee or its Affiliate arising as a direct result of the Lessee's or one of its Affiliate's operations in relation to this Agreement and not those Taxes reasonably considered to be the primary liability of the Owner Group.
Primarily liable shall have the meaning set forth in Section 19.28(g).