No Liability definition
No Liability means with respect to a Securities Claim made against the Insured(s): (1) a final judgment of no liability obtained prior to trial, in favor of all Insureds, by reason of a motion to dismiss or a motion for summary judgment, after the exhaustion of all appeals; or (2) a final judgment of no liability obtained after trial, in favor of all Insureds, after exhaustion of all appeals. In no event shall the term "No Liability" apply to a Securities Claim made against an Insured for which a settlement has occurred.
No Liability. If members of the Architectural Committee have acted in good faith, neither the Committee nor any member will be liable to the Association or to any Owner for any damage, loss or prejudice suffered or claimed due to: (a) the approval or disapproval of any plans, drawings and specifications, whether or not defective; (b) the construction or performance of any work, whether or not pursuant to approved plans, drawings, and specifications;
No Liability means that with respect to an Insured who is the subject of a Disciplinary Proceeding, there is a:
Examples of No Liability in a sentence
No Liability of the Depositor with Respect to the Underlying Securities; Certificateholders to Proceed Directly Against the Underlying Securities Issuer(s)......................................
No Liability of the Trustee with Respect to the Underlying Securities; Certificateholders to Proceed Directly Against the Underlying Securities Issuer(s).................................................
No Liability for Another's Expenses: Broker is not liable for any expense incurred by Associate except what is specified in the policy manual.
No Liability of the Trustee with Respect to the Underlying Securities; Certificateholders to Proceed Directly Against the Issuer(s)...................
No Liability of the Depositor with Respect to the Underlying Securities; Page Certificateholders to Proceed Directly Against the Issuer(s)...................
More Definitions of No Liability
No Liability. The Mortgage Manager shall have no liability for the acts or omissions of any Approved Solicitor or Approved Valuer, provided that:
(i) any such person is appointed in accordance with the Agreed Procedures; and
(ii) the terms of such appointment are such that each such person is appointed to act for the Trustee and is directly liable to the Trustee for its acts or omissions in acting as an Approved Solicitor or Approved Valuer (as the case may be).
No Liability means a final judgment of no liability obtained in favor of an Insured Person after the exhaustion of all appeals.
No Liability. Provided that the Security Trustee acts in good faith, it will not incur any liability to any Secured Creditor for giving effect to paragraph (a) or (b). -------------------------------------------------------------------------------- 16. Indemnity by Trustee
No Liability. You will have no liability for unauthorized use of your Card, Convenience Checks, or other Access Devices for transactions if the following conditions are met: (1) you have used reasonable care in protecting your card from loss or theft; and (2) you have promptly reported to your financial institution when you knew that your Mastercard was lost or stolen.
No Liability. A Force Majeure Event will not give rise to any cause of action or liability based on default of the provision that the party has failed to comply with or observe due to the Force Majeure Event.
No Liability means with respect to a Securities Claim or a Year 2000 Third Party Claim made against the Insured(s): (1) a final judgment of no liability obtained prior to trial, in favor of all Insureds, or with respect to a Year 2000 Third Party Claim, in favor of all Directors and Officers, by reason of a motion to dismiss or a motion for summary judgment, after the exhaustion of all appeals; or (2) a final judgment of no liability obtained after trial, in favor of all Insureds, or with respect to a Year 2000 Third Party Claim, in favor of all Directors and Officers, after the exhaustion of all appeals. In no event shall the term "No Liability" apply to a Claim made against an Insured for which a settlement has occurred.
No Liability. (whether in contract tort or otherwise) shall attach to the Vendor in respect of any Claim under the Tax Indemnity to the extent that the facts or circumstances giving rise to the Claim also give rise to a Claim under the Warranties and the Vendor shall have satisfied such Claim. In such circumstances, Claims under the Warranties shall be made in priority to Claims under the Tax Indemnity. The Purchaser shall only Claim under the Tax Indemnity to the extent that the liability of the Vendor thereunder exceeds the damages obtained by the Purchaser in its Claim for breach of the Warranties.