No operational interest Clause Samples
The "No operational interest" clause establishes that a party does not have any direct involvement or stake in the day-to-day operations of a business or project. In practice, this means that while a party may have a financial or contractual relationship, they are not responsible for management decisions, operational control, or the execution of business activities. This clause is commonly used to clarify roles and limit liability, ensuring that a party cannot be held accountable for operational issues or failures beyond their agreed scope.
No operational interest procure that the Lessor is not at any time represented as carrying goods or passengers or providing any other service on or from the Ship, or as being in any way connected or associated with any operations or carriage or other service which may be undertaken by the Lessee or the Sub-Lessee, or as having any operational interest in, or responsibility for, the Ship;
No operational interest. The Charterers will ensure that the Owners are not at any time represented as carrying goods in the Vessel, or as being in any way connected or associated with any operation, or as having any operational interest in, or responsibility for, the Vessel.
No operational interest procure that the Owner is not at any time represented as carrying goods or passengers or providing any other service on or from the Ship, or as being in any
No operational interest. 35 (n) Safe Operation . . . . . . . . . . . . . . . . . 36 (o) Fitness to go to Sea . . . . . . . . . . . . . . 36
No operational interest not represent in any way that any Indemnitee is carrying goods or passengers on the Aircraft or engaging in any operation of the Aircraft or caring for, repairing or having any responsibility for the condition of the Aircraft;