Liability Reduction definition

Liability Reduction means the amount for which You will be liable to pay in the event of Loss or Damage to the Vehicle as set out in Rental Vehicle Agreement Part A, which may be reduced by purchase of Reduction Options subject to the terms and conditions of this Agreement.
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Liability Reduction means the ability of the Underwriters, in their sole and absolute discretion, to reduce the size of the Offering by an amount which does not exceed the amount by which the aggregate Offering Price subscribed for by Partially Excluded Purchasers is less than $1,500,000;
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Examples of Liability Reduction in a sentence

  • Liability Reduction Options There are 3 (three) Liability Reduction Options available: • Platinum Package; • Silver Package; • Bronze Package.

  • These Liability Reduction Options are an additional cost to all quoted rental rates and We reserve the right to restrict the availability of PLATINUM and SILVER PACKAGE options in certain areas due to adverse road or weather conditions.

  • The Vehicle Security Deposit amount is determined by the Liability Reduction Option selected.

  • The Liability Reduction applies in respect of each claim, not per rental.

  • You will remain responsible up to the amount of the applicable Liability Reduction set out in Rental Vehicle Agreement Part A for the cost of such damage to the Vehicle and for damage to third party property.

  • If there is damage to the Vehicle on its return, the bond will be used to cover the cost of such damage up to the amount of the relevant Liability Reduction.

  • Customers requiring Vehicle towing and Vehicle recovery from a road listed within this section will be responsible for up to AU$8,000 for towing and Vehicle recovery in the event of not having this cover irrespective of the Liability Reduction Option being selected.

  • The 4WD Max Cover is only available with 4WD Vehicle hires and when the Liability Reduction Option has been purchased by the Customer.

  • Basic standard Liabilty Option Gold coast Luxury Motorhome Hire rental charge includes a standard Liability Reduction and Bond of $5000 including GST.

  • The Liability Reduction is applicable regardless of who is at fault and must be paid at the time the accident/incident is reported to Star RV, not at the completion of the rental period.

Related to Liability Reduction

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Source reduction means any practice that reduces the amount of any hazardous substance, pollutant, or contaminant entering any waste stream or otherwise released into the environment prior to recycling, energy recovery, treatment, or disposal.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Insured Amount As defined in the Policy.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Waste load allocation means (i) the water quality-based annual mass load of total nitrogen or