TPPD liability definition

TPPD liability means a liability for damage to property of any third party caused by or arising out of the use of a motor vehicle in Hong Kong which, at the time such damage occurred, was insured by a TPPD policy.
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Examples of TPPD liability in a sentence

  • Where such novation or agreement has been arranged to the satisfaction of the Insurance Authority, he shall forthwith notify M.I.B. in writing of that fact, and upon receipt of such notification M.I.B. shall cease to make any further payment under the Insolvency Fund Scheme in respect of final claims as regards relevant liability and/or claims as regards TPPD liability and/or subrogated liability attributable to the relevant Insurer concerned.

Related to TPPD 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.

  • 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.

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • AND LIABILITY LIMITS State Street shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless State Street is notified of the unauthorized payment order within thirty (30) days of notification by State Street of the acceptance of such payment order. In no event shall State Street be liable for special, indirect or consequential damages, even if advised of the possibility of such damages and even for failure to execute a payment order.