Liability of Assignee. Each assignee hereunder shall assume and be deemed to have assumed this Lease and shall be and remain liable jointly and severally with Tenant for all payments and for the due performance of all terms, covenants, conditions and provisions herein contained on Tenant's part to be observed and performed. No assignment shall be binding upon Landlord unless the assignee shall deliver to Landlord an instrument in recordable form containing a covenant of assumption by the assignee. The failure or refusal of assignee to execute the same shall not release an assignee from its liability as set forth herein.
Liability of Assignee. It is understood and agreed that the Assignee is to assume no personal liability or responsibility for any of its acts as Assignee herein, but its obligation shall be limited to the performance of the terms and conditions of the general assignment in good faith and in the exercise of its best business judgment.
Liability of Assignee. It is understood and agreed that neither the Assignee nor any of its employees, officers, agents or representatives will assume any personal liability or responsibility for any of its acts as Assignee herein, except to the extent arising from the gross negligence or willful misconduct of the Assignee or any its employees, officers, agents, or representatives, but its obligation shall be limited to the performance of the terms and conditions of the general assignment in good faith and in the exercise of its best business judgment. The Assignee shall be indemnified by the assignment estate for any claims brought by any party against the Assignee for any of its acts as Assignee herein except to the extent arising from the gross negligence or willful misconduct of the Assignee or any its employees, officers, agents, or representatives.
Liability of Assignee. Each assignee hereunder shall assume and be deemed to have assumed this Lease and shall be and remain liable jointly and severally with Tenant for all payments and for the due performance of all terms, covenants, conditions and provisions herein contained on Tenant’s part to be observed and performed.
Liability of Assignee. The Trading Advisor hereby agrees that Assignee shall not be responsible under the Advisory Agreement or otherwise for any loss, liability, claim, damage or expense whatsoever incurred prior to the Effective Date other than such loss, liability, claim, damage or expense arising out of Section 12 of the Advisory Agreement.
Liability of Assignee. SUBTENANT Each assignee, subtenant or other transferee shall assume, as provided in this subsection, all obligations of Tenant under this Lease and shall be and remain liable jointly and severally with Tenant for the payment of rent and all other monetary obligations hereunder, and for the performance of all the terms, covenants, conditions and agreements herein contained on Tenant's part to be performed; provided, however, that the assignee, subtenant, or other transferee shall be liable to TAA for rent only in the amount set forth in the Assignment or Sublease. In connection with a Sublease, Tenant or the subtenant shall deliver to TAA an instrument (acceptable in form and substance to TAA) agreeing that subtenant shall be bound by all of the terms and conditions of this
Liability of Assignee a. Assignee hereby agrees to become fully liable for the prompt and faithful payment and performance of all of the covenants, obligations and liabilities of Assignor, its successors and assigns, under the Lease, including, but not limited to, the payments of all rent and other sums payable under the Lease, all damages in the event of any default or other breach of the Lease, and all other sums due Landlord thereunder, and also for all representations of Assignor and indemnity and reimbursement obligations of Assignor under the Lease, all of which obligations are incorporated herein by reference.
Liability of Assignee. The Company acknowledges and agrees that Agent and Assignee have not assumed and do not have any obligation or liability under or pursuant to the Assigned Agreement, and that the exercise by Agent or Assignee of its rights and remedies under the Security Agreement shall not constitute an assumption of NRG Xxxxxx'x obligations under the Assigned Agreement (except to the extent such obligations shall be expressly assumed by an instrument in writing executed by the Agent or Assignee).
Liability of Assignee. Each assignee of this Lease shall assume and be deemed to have assumed this Lease and shall be and remain liable jointly and severally with Tenant for all payments and for the due performance of all terms, covenants, conditions and provisions herein contained on Tenant's part to be observed and performed. No assignment shall be binding upon Landlord unless the assignee shall deliver to Landlord an instrument in form reasonably satisfactory to Landlord containing a covenant of assumption by the assignee. The failure or refusal of assignee to execute the same shall not release an assignee from its liability as set forth herein.
Liability of Assignee. Assignee shall only be liable to account for all moneys received and paid out pursuant to this Assignment. Assignee does not waive its right to institute or prosecute any proceedings to foreclose upon its issued credit in the event of default by Assignor.
