Aggregate Net Liability definition

Aggregate Net Liability of a party means, in respect of a Charging Period or Financial Year, its liability after setting off the liability of the other party to it under the same provisions in respect of the same period.
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Aggregate Net Liability means the aggregate amount of insured unpaid principal, interest and other monetary payments, if any, of guarantied obligations insured or assumed, less reinsurance ceded and less collateral.
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Aggregate Net Liability means the aggregate amount of insured unpaid principal, interest, and other
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Examples of Aggregate Net Liability in a sentence

  • In respect of any Financial Year, the Aggregate Net Liability of the Train Operator under this paragraph 9.1 shall not exceed the Train Operator Cap.

  • The Aggregate Net Liability of the Train Operator for a Performance Sum in respect of any Charging Period shall not exceed the Train Operator Charging Period Limit.

  • Subject to paragraph 9.1.6, if the Train Operator would otherwise be liable for a Performance Sum which exceeds the Train Operator Charging Period Limit, then the amount by which such claim exceeds the Train Operator Charging Period Limit shall be taken into account when calculating the Train Operator’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year.

  • Subject to paragraph 9.1.3, if the CVL IM would otherwise be liable for a Performance Sum which exceeds the CVL IM Charging Period Limit, then the amount by which such claim exceeds the CVL IM Charging Period Limit shall be taken into account when calculating the CVL IM'’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year.

  • Subject to paragraph 9.1.3, if Network Rail would otherwise be liable for a Performance Sum which exceeds the Network Rail Charging Period Limit, then the amount by which such claim exceeds the Network Rail Charging Period Limit shall be taken into account when calculating Network Rail’s Aggregate Net Liability for a Performance Sum in respect of the subsequent Charging Period or Charging Periods in that Financial Year.

  • In respect of any Financial Year, the Aggregate Net Liability of Network Rail under this paragraph 9.1 shall not exceed the Network Rail Cap.

  • The Aggregate Net Liability of the CVL IM for a Performance Sum in respect of any Charging Period shall not exceed the CVL IM Charging Period Limit.

  • The Aggregate Net Liability of Network Rail for a Performance Sum in respect of any Charging Period shall not exceed the Network Rail Charging Period Limit.

  • In respect of any Financial Year, the Aggregate Net Liability of the CVL IM under this paragraph 9.1 shall not exceed the CVL IM Cap.

  • In this paragraph 20, the "Aggregate Net Liability" of a party means, in respect of a Financial Year, its liability after setting off the liability of the other party to it under the same provisions in respect of the same period.

Related to Aggregate Net Liability

  • Consolidated Current Liabilities means, as at any date of determination, the total liabilities of Borrower and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.