Section 75 Liability definition

Section 75 Liability means any liability of Account Owner (as creditor) from time to time to make payment to a Cardholder (as debtor) regarding an Account pursuant to Section 75 of the Consumer Credit Act.
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Section 75 Liability means any Liability with respect to the SPX UK Pension Plan arising under Section 75 or 75A of the United Kingdom Pensions Xxx 0000 or under Sections 43 to 51 of the United Kingdom Pensions Xxx 0000.
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Section 75 Liability means any amount that is or could become due by virtue of Section 75 or Section 75A of the Pensions Act 1995 as amended by subsequent regulations with respect to Seller’s or its Affiliates’ United Kingdom defined benefit pension plan.
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Examples of Section 75 Liability in a sentence

  • MANAGEMENT AND OPERATIONS OF BUSINESS 12 Section 7.1 Management 12 Section 7.2 Certificate of Formation of the Company 12 Section 7.3 Contracts with Affiliates 12 Section 7.4 Indemnification 13 Section 7.5 Liability of the Managing Member 14 Section 7.6 Reimbursement of the Managing Member 15 Section 7.7 Other Matters Concerning the Managing Member 15 Section 7.8 Reliance by Third Parties 16 ARTICLE 8.

  • To the extent that the Section 75 Liability is not indemnified under the BAe Sale Agreement, it shall be paid from the Pension Escrow Account and shall not be subject to any other provisions of Article X.

  • For the purpose of settling any Section 75 Liability, SPX may cause one or more of the Participating Employers to make such payment or payments to the Trustee as it sees fit and/or may cause one or more of the Participating Employers to enter into a Cessation Arrangement.

  • To the extent permitted by law, Dow Xxxxx and its affiliates shall be permitted (and Reuters and its affiliates shall cooperate with Dow Xxxxx and shall take such actions reasonably requested by Dow Xxxxx) to fully participate in the determination of the amount and the time of payment of the Section 75 Liability, including making any representations to the relevant RPF actuary or trustees to challenge the amount of liability assessed.

  • Until such time as the Section 75 Liability is paid in full to the BAe Schemes, Buyer shall not, and shall procure that no member of the Company Group shall, take any action or partake in a failure to act giving rise to a contribution notice as defined in section 38 of the Pensions Xxx 0000.

  • In the spectral-based change identification, the operator can identify areas of change, but is unable to label the kind of change.

  • In addition, Buyer is not assuming or agreeing to pay or discharge any Section 75 Liability arising out of the Transaction, whether the same shall arise prior to, on or following the Closing Date, which Section 75 Liability shall constitute Excluded Liabilities for all purposes of this Agreement.

  • The County shall provide a copy of the newly recorded Sheet 3, within 10 days of recordation.


More Definitions of Section 75 Liability

Section 75 Liability has the meaning set forth in Section 9.4(b).
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Section 75 Liability means any Liability with respect to the SPX UK Pension Plan arising under Section 75 or 75A of the United Kingdom Pensions Act 1995 or under Sections 43 to 51 of the United Kingdom Pensions Act 2004.
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Related to Section 75 Liability

  • 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.

  • 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.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Section 510(b) Claim means any Claim against the Debtors arising from rescission of a purchase or sale of a security of the Debtors or an Affiliate of the Debtors, for damages arising from the purchase or sale of such a security, or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a Claim.

  • Third Party Liability has the meaning ascribed thereto in Section 8.3.2;

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • 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.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Section 510(b) Claims means any Claim against a Debtor arising from rescission of a purchase or sale of an equity security of the Debtors or an Affiliate of the Debtors for damages arising from the purchase or sale of such an equity security or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a Claim.

  • Common expense liability means the liability for common

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Indemnity Cap has the meaning set forth in Section 8.4.3.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnification Claim Notice has the meaning set forth in Section 11.3.

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Indemnification Claim has the meaning set forth in Section 12.3.

  • Buyer Losses shall have the meaning set forth in Section 8.2.