Common use of Airports Authority Limitation of Obligations and Liabilities Clause in Contracts

Airports Authority Limitation of Obligations and Liabilities. ‌ The Airports Authority maintains two enterprise funds for financial statement purposes. Any and all obligations of the Airports Authority under this Contract, and any and all liabilities of the Airports Authority that may arise under this Contract, shall be limited to the Airports Authority’s Enterprise Fund from which the Contract is funded, and any claim based on any such obligation or liability of the Airports Authority shall be limited to the revenues and assets of that Enterprise Fund. No obligation of the Airports Authority under this Contract and no liability of the Airports Authority that may arise under this Contract shall constitute an obligation or liability of, or give rise to a claim against, or create any recourse against any other Enterprise Fund of the Airports Authority or the revenues or assets associated with any other Enterprise Fund.

Airports Authority Limitation of Obligations and Liabilities. ‌ The Airports Authority maintains two enterprise funds for financial statement purposes. Any and all obligations of the Airports Authority under this Contract, and any and all liabilities of the Airports Authority that may arise under this Contract, shall be limited to the Airports Authority’s Enterprise Fund from which the Contract is funded, and any claim based on any such obligation or liability of the Airports Authority shall be limited to the revenues and assets of that Enterprise Fund. No obligation of the Airports Authority under this Contract and no liability of the Airports Authority that may arise under this Contract shall constitute an obligation or liability of, or give rise to a claim against, or create any recourse against any other Enterprise Fund of the Airports Authority or the revenues or assets associated with any other Enterprise Fund.