Common use of Liabilities of the Company Clause in Contracts

Liabilities of the Company. For administrative convenience, this single Agreement is being executed so as to enable each Company listed in Schedule I to enter into this Agreement with BNYM-AIS, severally, but not jointly. The parties agree that (i) this Agreement shall be treated as if it were a separate agreement with respect to each Company listed in Schedule I, as if each Company entity has executed a separate agreement naming only itself as the Company, and BNYM-AIS, and (ii) the liabilities of each Company listed in Schedule I shall be limited such that the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing and relating to this Agreement with respect to such Company shall be enforceable against the assets of that particular Company only, and not against the assets of any other Company so listed.

Appears in 4 contracts

Samples: Administrative Services Agreement (KKR Infrastructure Conglomerate LLC), Administrative Services Agreement (KKR Private Equity Conglomerate LLC), Administrative Services Agreement (KKR Private Equity Conglomerate LLC)

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