No Commitment to Purchase; No Liability Sample Clauses
The "No Commitment to Purchase; No Liability" clause establishes that neither party is obligated to buy or sell any goods or services solely based on the agreement or discussions between them. In practice, this means that even if the parties are negotiating or have exchanged information, neither side is legally bound to proceed with a transaction unless a separate, definitive agreement is executed. This clause serves to protect both parties from unintended legal obligations or liabilities arising from preliminary negotiations, ensuring that no enforceable commitment exists until expressly agreed upon.
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No Commitment to Purchase; No Liability. ▇▇▇▇▇ Fargo shall have no obligation to accept any offer to sell, or otherwise to purchase, any Receivable from any Seller and this Agreement does not constitute a commitment on the part of ▇▇▇▇▇ Fargo to make any such purchase. No obligation or commitment shall be implied by an act or omission of ▇▇▇▇▇ Fargo, or any course of dealings in connection with purchases made hereunder. ▇▇▇▇▇ Fargo shall not have any liability to any Seller or to any other Person for declining to accept any offer to purchase a Receivable hereunder.
No Commitment to Purchase; No Liability. ▇▇▇▇▇ shall have no obligation to accept any offer to sell, or otherwise to purchase, any Receivable from Supplier and nothing in this Agreement or otherwise constitutes a commitment on the part of ▇▇▇▇▇ to make any such purchase. ▇▇▇▇▇ may reject any offer from time to time in its sole and absolute discretion, without any notice or explanation to Supplier as to the basis for such determination. No such obligation or commitment shall be implied by an act or omission of ▇▇▇▇▇ or on its behalf other than the payment by ▇▇▇▇▇ to Supplier of the Purchase Price for any Receivables in accordance with the terms hereof and the satisfaction of the conditions to any such sale by Supplier to ▇▇▇▇▇ of a Receivable under the terms hereof. ▇▇▇▇▇ shall have no liability to Supplier or to any other Person for declining to accept any offer to purchase a Receivable or the withdrawal or revocation of any acceptance of an offer to purchase a Receivable on the basis of the failure of any of the conditions to such purchase to be satisfied in the determination of ▇▇▇▇▇.
No Commitment to Purchase; No Liability. ▇▇▇▇▇ shall have no obligation to accept any offer to sell, or otherwise to purchase, any Receivable from Seller and this Agreement does not constitute a commitment on the part of ▇▇▇▇▇ to make any such purchase. No obligation or commitment shall be implied by an act or omission of ▇▇▇▇▇, or any course of dealings in connection with purchases made hereunder. ▇▇▇▇▇ shall have no liability to Seller or to any other Person for declining to accept any offer to purchase a Receivable hereunder.
No Commitment to Purchase; No Liability. Sellers shall have no obligation to Offer or sell any Receivables and Administrative Agent and Purchasers shall have no obligation to accept, via Acceptance or otherwise, any Offer or otherwise to purchase any Receivable from any Seller and this Agreement does not constitute a commitment on the part of Administrative Agent or any Purchasers to make any such purchase. No such obligation or commitment with respect to any Offer or Receivable shall be implied by any act or omission of Administrative Agent or any Purchaser, or on their respective behalf, other than the payment by Administrative Agent, on behalf of Purchasers, to the applicable Seller of the Initial Payment of the Purchase Price for such Purchased Receivable in accordance with the terms hereof. Administrative Agent and Purchasers shall have no liability to any Seller or to any other Person for declining to accept any Offer hereunder and no obligation or commitment to make purchases shall be implied by an act or omission of Administrative Agent or any Purchasers or any course of dealings in connection with purchases made hereunder.
No Commitment to Purchase; No Liability. Purchaser shall have no obligation to accept any offer to sell, or otherwise to purchase, any Account from Client and nothing in this Agreement or otherwise constitutes a commitment on the part of Purchaser or Administrative Purchaser to make any such purchase. Administrative Purchaser and Purchaser may reject any offer from time to time in its sole discretion, without any notice or explanation to Client as to the basis for such determination. No such obligation or commitment shall be implied by an act or omission of Purchaser or Administrative Purchaser or on their behalf, other than the payment by Purchaser to Client of the Initial Payment of the Purchase Price for any Purchased Account in accordance with the terms hereof. Purchaser and Administrative Purchaser shall have no liability to Client or to any other Person for declining to accept any offer to purchase a Purchased Account or the withdrawal or revocation of any acceptance of an offer to purchase a Purchased Account on the basis of the failure of any of the conditions to such purchase to be satisfied in the reasonable determination of Administrative Purchaser.
No Commitment to Purchase; No Liability. WFB shall have no obligation to accept any offer to sell, or otherwise to purchase, any Account from Client and nothing in this Agreement or otherwise constitutes a commitment on the part of WFB to make any such purchase. WFB may reject any offer from time to time in its sole discretion, without any notice or explanation to Client as to the basis for such determination. No such obligation or commitment shall be implied by an act or omission of WFB or on its behalf other than the payment by WFB to Client of the Purchase Price for any Acceptable Account in accordance with the terms hereof and the satisfaction of the conditions to any such sale by Client to WFB of an Acceptable Account selected for purchase by WFB under the terms hereof. WFB shall have no liability to Client or to any other Person for declining to accept any offer to purchase an Account or the withdrawal or revocation of any acceptance of an offer to purchase an Account on the basis of the failure of any of the conditions to such purchase to be satisfied in the determination of WFB.
No Commitment to Purchase; No Liability. Wells sh▇▇▇ ▇ave no obligation to accept, via Acceptance or otherwise, any Offer or otherwise to purchase any Receivable from Seller and this Agreement does not constitute a commitment on the part of Wells to ▇▇▇▇ any such purchase. Wells sh▇▇▇ ▇ave no liability to Seller or to any other Person for declining to accept any Offer hereunder and no obligation or commitment to make purchases shall be implied by an act or omission of Wells or ▇▇▇ course of dealings in connection with purchases made hereunder.