Qualifying Liability definition

Qualifying Liability means (i) any Approved Liability and (ii) any liability that qualifies as an Approved Liability under the Second City Tax Protection Agreement.
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Qualifying Liability means (i) any Approved Liability and (ii) any liability that qualifies as an Approved Liability under the Gibralt Tax Protection Agreement.
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Qualifying Liability means a liability of the kind described in Rule 3;
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Examples of Qualifying Liability in a sentence

  • Without prejudice to the foregoing, the Administrator shall have the right, on behalf of the Member, to exercise any right which arises whether by virtue of a contract or otherwise in connection with a Qualifying Liability, including in particular, the right to select, instruct and de-instruct legal and other advisers and agree the terms of their retainer, and any right to raise claims or defences, and/or to bring proceedings.

  • Qualifying Liability - the Law Standard of Care:In the leading case of Bolam v Friern Hospital Management Committee, it was agreed that negligence means “failure to act in accordance with the standards of reasonably competent medical men at the time”.

  • The Administrator shall also take account of sums paid as specified under Rule 8.4. If the Administrator so decides in its absolute discretion in respect of any Claim or Claims, any payment in respect of a Qualifying Liability shall be made direct to third parties as aforesaid by the Administrator, the Member shall make the Member's Payment to the Administrator or as it shall direct forthwith upon notification by the Administrator.

  • The application needs to be accompanied by a map which identifies the area to which the neighbourhood plan application relates.

  • If a Member ceases for any reason to be a Member, no benefits shall be available to that former Member in connection with Claims made in respect of a Qualifying Liability which relates to a breach of duty by the body whilst it was a Member but which fall to be met after the date of the termination of the Member's participation in the Scheme unless a Run Off Benefit was purchased by the former Member.

  • For redress cases, the decision to settle a case is identified as the point that a Qualifying Liability is communicated to the complainant or representing solicitor.All cases considered for reimbursement by the Welsh Risk Pool (WRP) will be scrutinised for evidence of the lessons learned and improvement actions taken by the Health Board.

  • Among the targeted structure group, consider the driver which cause the phenomena.

  • Where the conflicted matter relates to a Qualifying Liability, the appointment of any alternate must also be approved in writing by NNOFIC and the ILU.15-13054 Doc 2 Filed 11/16/15 Entered 11/16/15 20:01:27 Main Document Pg 28 of 38 out of funds borrowed under the CPLA.

  • The Administrator shall also take account of sums paid as specified underRule 9.5. 9.3.4 If the Administrator so decides in its absolute discretion in respect of any Claim or Claims, any payment in respect of a Qualifying Liability shall be made direct to third parties as aforesaid by the Administrator.

  • Delays in issuing these responses are frustrating for complainants however the Health Board has been advised to seek advice before admitting Qualifying Liability in cases related to the pandemic.


More Definitions of Qualifying Liability

Qualifying Liability. (“…”) means:
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Qualifying Liability means a liability of a kind described in regulation 4;
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Qualifying Liability means, in respect of a member, a liability which falls within one or more of the following categories–
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Related to Qualifying Liability

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Qualifying Dependent means, for Dependent Care Flexible Spending Account purposes,

  • Controlled Group Liability means any and all liabilities (i) under Title IV of ERISA, (ii) under Section 302 of ERISA, (iii) under Sections 412 and 4971 of the Code, and (iv) as a result of a failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code.

  • qualifying course means a qualifying course as defined for the purposes of Parts 2 and 4 of the Jobseeker’s Allowance Regulations 1996;

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Qualifying Facility means an electric energy generating facility that complies with the qualifying facility definition established by PURPA and any FERC rules as amended from time to time (18 Code of Federal Regulations Part 292, Section 292.203 et seq.) implementing PURPA and, to the extent required to obtain or maintain Qualifying Facility status, is self-certified as a Qualifying Facility or is certified as a Qualified Facility by the FERC.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Qualifying medical condition means seizure disorder,

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Qualifying contribution means, with respect to a

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra-Group Lenders.

  • Qualifying patient means a person who:

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Qualifying wages means wages, as defined in section 3121(a) of the Internal Revenue Code, without regard to any wage limitations, adjusted as follows:

  • qualifying entity shall have the meaning set forth in Section 5.2.13(b) hereof.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Qualifying country means a country with a reciprocal defense procurement memorandum of understanding or international agreement with the United States in which both countries agree to remove barriers to purchases of supplies produced in the other country or services performed by sources of the other country, and the memorandum or agreement complies, where applicable, with the requirements of section 36 of the Arms Export Control Act (22 U.S.C. 2776) and with 10 U.S.C. 2457. Accordingly, the following are qualifying countries:

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • Qualifying student means a student who is a South Carolina resident and who is eligible to be enrolled in a South Carolina secondary or elementary public school at the kindergarten or later year level for the current school year.

  • SpinCo Liabilities shall have the meaning set forth in Section 2.3(a).

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Qualifying Equity Interests means Equity Interests of the Company other than Disqualified Stock.