No Obligations of Unit Agent Clause Samples
The "No Obligations of Unit Agent" clause defines that the unit agent is not responsible for performing any duties or obligations beyond those specifically outlined in the agreement. In practice, this means the unit agent is not required to take on additional tasks, provide extra services, or assume liabilities that are not expressly stated in the contract. This clause serves to limit the unit agent’s responsibilities, ensuring clarity about their role and protecting them from unexpected or implied obligations.
No Obligations of Unit Agent. Except to the extent otherwise provided in this Agreement, the Unit Agent assumes no obligations and shall not be subject to any liability under this Agreement or any Purchase Contract or Call Option in respect of the obligations of the Holder of any Unit thereunder. The Company agrees, and each Holder of a Unit Certificate, by his acceptance thereof, shall be deemed to have agreed, that the Unit Agent's execution of the Unit Certificates on behalf of the Holders shall be solely as agent and attorney-in-fact for the Holders, and that the Unit Agent shall have no obligation to perform such Purchase Contracts or Call Options on behalf of the Holders, except to the extent expressly provided in Article Five hereof.
No Obligations of Unit Agent. The Unit Agent assumes no obligations and shall not be subject to any personal liability under this Unit Agreement in respect of the obligations of the Holder of any Unit hereunder. Each Issuer agrees, and each Holder of a Certificate, by his acceptance thereof, shall be deemed to have agreed that the Unit Agent shall have no personal liability in respect of its authentication of Certificates. Anything in this Unit Agreement to the contrary notwithstanding, in no event shall the Unit Agent or its officers, employees or agents be liable under this Unit Agreement to any third party for indirect, special, punitive, or consequential loss or damage of any kind whatsoever, including lost profits, whether or not the likelihood of such loss or damage was known to the Unit Agent, incurred without any act or deed that is found to be attributable to gross negligence or willful misconduct on the part of the Unit Agent.
No Obligations of Unit Agent. Except to the extent otherwise provided in this Agreement, the Unit Agent assumes no obligations and shall not be subject to any liability under this Agreement or any Purchase Contract or Call Option in respect of the obligations of the Holder of any Unit thereunder. The Company agrees, and each Holder of a Unit Certificate, by his acceptance thereof, shall be deemed to have agreed, that the Unit Agent's execution of the Unit Certificates on behalf of the Holders shall be solely as agent and attorney-in-fact for the Holders, and that the Unit Agent shall have no obligation to