Primary liability definition

Primary liability means an obliga- tion to repay that is not conditioned upon an unsuccessful prior demand on another party.
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Primary liability for tax means a liability for tax exclusive of any liability for penalty tax;
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Primary liability. As required in Part A.8 above.
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Examples of Primary liability in a sentence

  • Primary liability under § 10(b) may be found for any person who:directly or indirectly, by the use of any means or instrumentality of interstate commerce or of the mails, or of any facility of any national securities exchange ...

  • Unless the present state of condition in which the footwear industry in general, and the small, medium and large shoe factories, including the informal ones in particular, are made to turn around, let alone to become an important source of foreign currency from the international markets, they will not be able to obtain minimum benefits from the local markets, which has been controlled by the Chinese shoe products, that will alarmingly continue depleting our foreign currency reserves.

  • Where ADR fails, the litigation can be regarded as a means of settling disputes between capital market operators.

  • Primary liability for transportation and other charges shall be with the Contract Holder.

  • Primary liability in the form of material support to terrorism has the character of secondary liability.

  • Primary liability is of the occupiers of the premises where activities were carried out leading to the incidents and the operators of the hazardous activity.

  • Primary liability will be with principal debtor and Secondary liability goes to surety.

  • Primary liability flows from the duty imposed on an individual or entity who owns or controls property.

  • Primary liability concerns any party that can be directly associated with the illegal act, while secondary liability allows for an indirect connection to the illegal act.

  • Pollution concerns about coke-making are leading to new approaches, one of which involves no coke in the iron-making process.


More Definitions of Primary liability

Primary liability means an obligation to repay that is not conditioned upon an unsuccessful prior demand on another party.
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Primary liability means that such person shall be liable for complying with the relevant covenant, commitment, obligation, restriction or stipulation but that the provisions of the Enforcement Protocol shall apply to such covenant, commitment, obligation, restriction or stipulation. Such expression(s) does not mean that another person may not be liable to observe the covenant, commitment, obligation, restriction or stipulation concerned and although the Local Planning Authority intends, subject to the Enforcement Protocol, that the person primarily liable will be given an opportunity to discuss the breach with the Local Planning Authority and then to remedy the breach, the Parties accept that the Local Planning Authority may act against other Parties or their successors in title wherever appropriate in the proper exercise of the discretion of the Local Planning Authority;
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Primary liability means the liability of a person based on that person’s role as the most direct or main perpetrator of a tort or crime (compare with “secondary liability”).
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Related to Primary liability

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Loss of Activities of Daily Living means that, due to an Injury or Sickness, the Insured Employee has lost the ability to safely and completely perform two or more of the following six Activities of Daily Living without another person's active, hands-on help with all or most of the activity.

  • Liability means any liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Liabilities means any and all debts, liabilities and obligations, whether accrued or fixed, absolute or contingent, matured or unmatured or determined or determinable, including those arising under any Law, Action or Governmental Order and those arising under any contract, agreement, arrangement, commitment or undertaking.

  • Property damage means physical injury to, de- struction of, or loss of use of tangible property.