No Additional Liability Sample Clauses
No Additional Liability. Nothing in this Coordination Agreement shall impose any liability or obligation on the part of any party to this Coordination Agreement to make any payment or disbursement in addition to any liability or obligation such party has under the Program Documents, except to the extent that a party has actually received funds which it is obligated to disburse pursuant to this Coordination Agreement. E-2
No Additional Liability. Execution of this Incentive Program Agreement shall not require Member to pay any further program participation fees hereunder, nor shall it cause Member to incur any cost or liability in addition to those costs and liabilities arising from the Membership Agreement between Member, the Insurer and the Warranty Company, except to the extent that the Member Fund is used to pay for Costs incurred when the Insurer is primarily responsible for warranty performance.
No Additional Liability. Neither the Borrower nor any of its Material Subsidiaries has any material obligation, contingent liability or liability for taxes, long-term leases or unusual forward or long-term commitment which is not reflected in the Financial Statements referred to in Section 4.3(a) (Accuracy of Financial Statements) or in the notes thereto or otherwise permitted by this Agreement.
No Additional Liability. The Operating Company constitutes a legal entity separate from its members; the debts and obligations of the Operating Company, whether arising in contract, tort or otherwise, are solely the debts, obligations and liabilities of the Operating Company; no member or manager of the Operating Company is obligated personally for any debts, obligations or liabilities of the Operating Company solely by reason of being a member or acting as manager of the Operating Company; and, accordingly, the Partnership is not obligated personally for any debts, obligations or liabilities of the Operating Company solely by reason of the Partnership being a member or acting as a manager of the Operating Company, except to the extent (i) of its capital invested or committed but not contributed or (ii) that any such debts or obligations are expressly assumed under the Operating Company LLC Agreement or otherwise in writing by the Partnership. Under the Marshall Islands LP Act, a limited partner of the Partnership is not liable for the obligations of the Partnership unless he or she is also a general partner or, in addition to the exercise of the rights and powers of a limited partner, he or she participates in the control of the business. However, if the limited partner does participate in the control of the business of the Partnership, he or she is liable only to persons who transact business with the Partnership reasonably believing, based upon the limited partner’s conduct, that the limited partner is a general partner of the Partnership.
No Additional Liability. Bank shall not be personally liable for any act taken or omitted hereunder if taken or omitted by it in good faith and in the exercise of its own best judgment and Bank shall also be fully protected in relying upon any written notice, demand, certificate, or document which it in good faith believes to be genuine.
No Additional Liability. It is the intent of this Agreement to insure the O&M by Property Owner; provided, however, that this Agreement shall not be deemed to create any additional liability not otherwise provided by law for damage alleged to result from or caused by stormwater runoff.
No Additional Liability. Notwithstanding anything to the contrary contained in this Section 3 or elsewhere herein, the Company will not, in any event, be obligated to qualify any Warrant Common Stock covered by a registration statement under any blue sky or other state securities law if the Company would by reason thereof be required to qualify to do business in any jurisdiction where it is not then so qualified.
No Additional Liability. Upon the consummation of the Transactions, the Partnership will not be liable under the law of the Republic of The Marshall Islands for the liabilities of the Operating Company or the Operating Subsidiaries and the limited partners of the Partnership will not be liable under the law of the Republic of The Marshall Islands for the liabilities of the Partnership, the Operating Company or the Operating Subsidiaries, except in each case to the extent they may have liability under the law of the Republic of The Marshall Islands.
No Additional Liability. Upon the consummation of the Transactions, the Partnership will not be liable under the laws of Luxembourg for the liabilities of Luxco and the limited partners of the Partnership will not be liable under the laws of Luxembourg for the liabilities of Luxco.] In rendering such opinion, such counsel may (A) rely in respect of matters of fact upon certificates of officers and employees of the Teekay Entities and upon information obtained from public officials, (B) assume that all documents submitted to them as originals are authentic, that all copies submitted to them conform to the originals thereof, and that the signatures on all documents examined by them are genuine, and (C) state that their opinion is limited to the laws of Luxembourg.
No Additional Liability. Except as permitted by Section 4.1(b)(xiii) and except as provided under the Convertible Debenture, the completion of the Offer will not result in the Company and/or any Subsidiary incurring any additional material liability or obligation (whether absolute, contingent or otherwise).