Unlimited Liability definition

Unlimited Liability in other cases of negligence, the Parties shall only be liable where an obligation has been breached which is essential to fulfill this Agreement's purpose (“Cardinal Obligation” (Kardinalpflicht)). The term cardinal obligation means those obligations, which must be fulfilled to facilitate the implementation of the Agreement and those obligations upon which the parties regularly rely. In the event of a breach of a cardinal obligation, liability is limited to typically Foreseeable Damages at the conclusion of the contract as defined in Section “Foreseeable Damages” below.
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Unlimited Liability means that the monetary Liability Cap (or, in some cases, the Exclusions from Liability) does not apply to specified breaches of the agreement or there is no Liability Cap designated for a party.
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Unlimited Liability means that the monetary Liability Cap (or, in some cases, the Exclusions from Liability) does not apply to specified breaches of the agreement or there is no Liability Cap designated for a party. B. General Concepts These general concepts form the basis for the more detailed IACCM Contracting Principles that follow:1. A party’s liability under an agreement should be solely related to a failure to meet obligations specified in the agreement.2. A party seeking damages pursuant to an agreement has the burden of proof for the amount of those damages unless the agreement specifies liquidated damages in the particular situation.3. The parties to a commercial relationship owe duties to their respective stakeholders to limit their risks and exposure to a reasonable and foreseeable degree to maintain their fiscal integrity. The Liability Cap in an agreement, typically set at a level proportional to the value of the deal, is a key way for the supplier – and even the customer – to protect itself from catastrophic financial impacts that far exceed that value.
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Examples of Unlimited Liability in a sentence

  • The debtors in these chapter 11 cases, along with the last four digits of each debtor’s federal tax identification number, are: Whiting Canadian Holding Company Unlimited Liability Corporation (3662); Whiting Petroleum Corporation (8515); Whiting US Holding Company (2900); Whiting Oil and Gas Corporation (8829); and Whiting Resources Corporation (1218).

  • Non-recoverable Losses Subject to Clause 36.1 (Unlimited Liability) neither Party shall be liable to the other Party for any: indirect, special or consequential Loss; loss of profits, turnover, savings, business opportunities or damage to goodwill (in each case whether direct or indirect).

  • The Reorganized Debtors in these chapter 11 cases, along with the last four digits of each Reorganized Debtor’s federal tax identification number, are: Whiting Canadian Holding Company Unlimited Liability Corporation (3662); Whiting Petroleum Corporation (8515); Whiting US Holding Company (2900); Whiting Oil and Gas Corporation (8829); and Whiting Resources Corporation (1218).

  • On September 11, 2018 Waterton filed a claim with the Ontario Superior Court of Justice alleging breach of contract against Hecla, Klondex Mines Unlimited Liability Company and the Company for failure to honour the terms of the Original Warrant Certificate and, or in the alternative, a declaration that the Replacement Warrants do not satisfy Hecla’s obligations as successor-in-interest to Klondex’s obligations under the Original Warrant Certificate and a new replacement warrant.

  • Unlimited Liability Transactions/Short Selling No Employee may engage in any transaction with respect to an individual issuer that can result in a liability that is greater than the amount invested.

  • Limited Liability Coverage does not affect the coverage afforded the named insured, employees, directors, or partners.B. Unlimited Liability Coverage for Customers1.

  • The reorganized debtors in these chapter 11 cases, along with the last four digits of each reorganized debtor’s federal tax identification number, are: Whiting Canadian Holding Company Unlimited Liability Corporation (3662); Whiting Petroleum Corporation (8515); Whiting US Holding Company (2900); Whiting Oil and Gas Corporation (8829); and Whiting Resources Corporation (1218).

  • This coverage affords full liability coverage to customers.2. The rates shown on the Garages Liability Rates pages in the Rate Section are for Unlimited Liability Coverage.

  • To effect the Acquisition, (i) certain Investors will make the Equity Contribution and (ii) the Parent Borrower will indirectly consummate the transactions contemplated by the Arrangement Agreement and Plan of Merger, dated as of August 26, 2014 (as amended, the “Acquisition Agreement”), by and among BKW, 1011773 B.C. Unlimited Liability Company, New Red Canada Partnership, Blue Merger Sub, Inc., 8997900 Canada Inc.

  • Do not restructure the Department and leave the operations as they exist today.


More Definitions of Unlimited Liability

Unlimited Liability. An heir or donee who is domiciled in Japan when acquiring property by inheritance, bequest of a decedent, or by gift has unlimited liability for inheritance tax or gift tax, regardless of his or her nationality. Global site with respect to notify us citizens of knowledge of citizenship is intended to assets generally concentrated in that has your kpmg, one country on. Individuals An individual resident of a treaty country is entitled to the benefits of the proposed treaty. In addition, the Committee is committed to working with the Treasury Department to develop appropriate ways to address tax avoidance in the treaty context. Cfc rules under that treaty reflect current tax treaties provide clarification with according to estate plan recognized for estates, is taxed as well as mentioned in. While some treaty partners do not object to this bank secrecy provision, other treaty partners have resisted its inclusion in tax treaties. The proposed treaty provides that notwithstanding the foregoing rules, royalties with respect to the use of, or right to use, rights or property within a treaty county may be deemed to arise within that country. The term also includes consideration for the use of, or the right to use, industrial, commercial, or scientific equipment, or for information concerning industrial, commercial, or scientific experience. Entities typically exempt include charities, pension trusts, and government owned entities. No full deduction will be given for interest on debt, but a full deduction will be given for debt.
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Related to Unlimited Liability

  • Limited liability means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Limited liability company means a limited liability company formed under Chapter 1705 of the Ohio Revised Code or under the laws of another state.

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended;

  • Limited Liability Company Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned or represented by any Limited Liability Company Interest.

  • unlimited company means a company formed on the principle of having no limit placed on the liability of its members;

  • Domestic limited liability company means an entity that is an unincorporated association having one or more members and that is organized under ORS chapter 63.

  • Limited Liability Company Agreement means the Amended and Restated Limited Liability Company Agreement of the Depositor, dated as of March 1, 2001, executed by Ford Credit, as sole member; or the Limited Liability Company Agreement of Ford Credit, dated as of April 30, 2007 and effective on May 1, 2007, as the context requires.

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Professional limited liability company means a limited

  • Single member limited liability company means a limited liability company that has one direct member.

  • Foreign limited liability partnership means a partnership that:

  • Unlimited means an appointment or position is ongoing and has no specified duration.

  • Unlimited rights means the rights of the Government to use, disclose, reproduce, prepare derivative works, distribute copies to the public, and perform publicly and display publicly, in any manner and for any purpose, and to have or permit others to do so.

  • Limited license means a license that:

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • In good standing means a person who has not resigned or been suspended from membership or registration or had membership or registration revoked;

  • Good Standing means only that as of the date of this opinion the Company is up-to-date with the filing of its annual returns and payment of annual fees with the Registrar of Companies. We have made no enquiries into the Company’s good standing with respect to any filings or payment of fees, or both, that it may be required to make under the laws of the Cayman Islands other than the Companies Act.

  • Limited lines producer means a person who sells, solicits, or negotiates limited lines insurance.

  • Limited lines insurance means any of the following:

  • Sole proprietorship means a form of business in which one person owns all the assets of the business, in contrast to a partnership or corporation.