Common use of No Liabilities Clause in Contracts

No Liabilities. Except (a) for the principal balance and interest and other sums not currently due and payable under the Existing Loan, (b) for other liabilities set forth on the 2003 Balance Sheet which remain undischarged, (c) for liabilities incurred in the ordinary course of business since December 31, 2003 which remain undischarged, (d) for liabilities disclosed on the Monthly Operating Reports, (e) as disclosed in Schedule L attached hereto, and (f) as otherwise disclosed in this Agreement, the Partnership has no material liability or obligation of any nature which in any way affects or is related to the Property whether now due or to become due, absolute, contingent or otherwise, including liabilities for taxes due on or prior to the date of this Agreement (or any interest or penalties thereto).