Relevant Liabilities definition

Relevant Liabilities means any liability, together with any accrued but unpaid interest thereon, arising under these Terms (before, for the avoidance of doubt, any such amount is written down or converted by the Relevant Resolution Authority).

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Relevant Liabilities means all insurance liabilities and obligations arising under the Relevant Risks including, without limitation (i) benefits, surrender amounts and other amounts payable to policyholders under the terms of the Relevant Risks, (ii) other consideration paid on or after the Inception Date with respect to the Relevant Risks, (iii) Insolvency Fund or premium based assessments based on premiums and other consideration paid on or after the Inception Date with respect to the Relevant Risks, (iv) all amounts payable on or after the Inception Date for returns or refunds of premiums under the Relevant Risks, (v) all liability for commission or profit sharing payments and other fees or compensation payable, including under Distributor Agreements, with respect to the Relevant Risks in respect of premiums and other consideration paid on or after the Inception Date, (vi) all Extra Contractual Liabilities and (vii) compensation paid in respect of, or in relation to changes to, Distributor Agreements on or after the Inception Date, unless otherwise agreed to in writing by the Reinsurer.

Relevant Liabilities shall have the meaning given to that term in the Definitions of the Private Client Terms, unless the Security Agreement defines the term “Relevant Liabilities”, in which case that term, for the purpose of this clause, shall be extended to include the meaning given to it in the Security Agreement.

Examples of Relevant Liabilities in a sentence

• The Seller and the Purchaser shall timely file Form 8594 (and any similar forms required under state, local, or foreign Tax law) in accordance with the requirements of Section 1060 of the Code (or state, local, or foreign Tax law, as the case may be) and this Section 7.06(f), and shall timely amend such Forms in the case of any subsequent adjustment to the Purchase Price or Relevant Liabilities.

• Any subsequent adjustments to the sum of the Purchase Price and the Relevant Liabilities shall be reflected in the allocations hereunder in a manner consistent with the Allocations and with the Regulations.

• The Company shall procure that the Relevant Risks are administered in accordance with their terms and the terms of any applicable Distributor Agreement, including, but not limited to, the collection of premiums and other amounts due from policyholders, the payment of all Relevant Liabilities and the administration of claims and disbursements.

• Subsequent to the Inception Date, the Company shall not enter into any reinsurance arrangements with respect to the Relevant Liabilities without the prior written consent of the Reinsurer, in its sole discretion.

• Bermuda local time (Atlantic Standard Time) on 1 January 2004 (the “Inception Date”), the Reinsurer agrees to reinsure the Relevant Liabilities by way of the Reinsurer indemnifying the Company in respect of each Negative Settlement Amount.

More Definitions of Relevant Liabilities

Relevant Liabilities means all present and future liabilities and obligations at any time of any Borrower to any other Loan Party, to Agent or to any Lender, both actual and contingent and whether incurred solely or jointly or in any other capacity together with any of the following matters relating to or arising in respect of those liabilities and obligations: (a) any novation, deferral or extension; (b) any claim for breach of representation, warranty or undertaking or on an event of default or under any indemnity given under or in connection with any document or agreement evidencing or constituting any other liability or obligation falling within this definition; (c) any claim for damages or restitution; and (d) any claim as a result of any recovery by any person of a payment on the grounds of preference or otherwise, and, in each case, any amounts which would be included in any of the above but for any discharge, non provability, unenforceability or non allowance of those amounts in any insolvency or other proceedings.

Relevant Liabilities means in the case of a Creditor:

Relevant Liabilities means, for a particular category of liability, the sum of all insufficiency report liabilities falling into that category.]

Relevant Liabilities means those Liabilities under any arrangements equivalent to an internal reinsurance in place between the Funds immediately before the Effective Date;

Relevant Liabilities means the aggregate of the Class IIGB Insurer’s liabilities required in Part I Column A to be shown on lines 19 and 38 of Form 1SFS of Schedule I to these Rules, of the Statutory Balance Sheet less the aggregate of the Insurer’s liabilities required to be shown on Lines 34 and 37 of Form 1SFS of Schedule I to these Rules.

Relevant Liabilities means all monies and liabilities of any kind and in any currency (whether present or future, actual or contingent, and whether incurred alone or jointly with another, and whether as principal or surety) which are now or may at any time hereafter, be due, owing or payable, or expressed to be due, owing or payable:

Relevant Liabilities shall have the meaning ascribed to it in the Definitions section of the PCTs.