SERVICE LIABILITY definition

SERVICE LIABILITY means the account maintained for prepayments received under customer service contracts for services to be performed in the future.
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Examples of SERVICE LIABILITY in a sentence

  • THE SERVICE LIABILITY TO ACCOUNT HOLDERSCRIBER OR ANY THIRD PARTY IS LIMITED TO THE LESSER OF (i) THE AMOUNT PAID BY ACCOUNT HOLDERSCRIBER TO THE SERVICE HEREUNDER DURING THE THREE (3) MONTH PERIOD IMMEDIATELY PRECEDING THE DATE THE LOSS OR DAMAGE FIRST OCCURS OR (ii) THE ACTUAL AMOUNT OF THE DAMAGE.

  • IF RAPIDSOS AND/OR MONITORING SERVICE ELECTS TO NOTIFY OR DISPATCH MEDICAL ASSISTANCE, RAPIDSOS AND/OR MONITORING SERVICE LIABILITY FOR DOING SO SHALL BE LIMITED AS SET FORTH HEREIN (INCLUDING SECTION VI HEREOF).

  • NEITHER PARTY SHALL UNDER ANY CIRCUMSTANCES BE LIABLE TO THE OTHER PARTY, OR TO THE OTHER PARTY'S AFFILIATES OR ANY OTHER PERSON FOR ANY SPECIAL, INDIRECT, OR CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF GOODWILL, LOST PROFITS (EXCLUDING ANY PORTION OF THE FEES PAYABLE TO PROFISEE WHICH REPRESENT PROFITS) WHETHER IN CONTRACT, TORT OR SERVICE LIABILITY, AND EVEN IF THE PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.