SEPARATE LIABILITIES. 7.1 The obligations of Canada and British Columbia under this Agreement are separate.
SEPARATE LIABILITIES. Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each series of the Trust are separate and distinct from the assets and liabilities of each other series and that no series shall be liable or shall be charged for any debt, obligation or liability of any other series, whether arising under this Agreement or otherwise.
SEPARATE LIABILITIES. The liabilities of the Obligor under Sections 2.1 and 2.2 are separate and distinct from each other, but the provisions of this Agreement shall apply to the liabilities under both of those Sections unless the context otherwise requires.
SEPARATE LIABILITIES. None of the Loan Parties or the Subsidiaries of the Loan Parties shall create, incur, assume or suffer to exist or otherwise become liable in respect of any Indebtedness or Contingent Liability (including any capital calls or future obligations to make Investments) owed to or on behalf of any Permitted Joint Venture other than Contingent Liabilities permitted by Section 7.2.2(g) or (h).
SEPARATE LIABILITIES. The financial statements attached hereto as Exhibits A and B describe the separate liabilities to which each spouse is obligated on the date of the mar- riage. These obligations shall remain the separate obligations of Husband and Wife. All liabilities which are incurred in the acquisition of assets which are characterized as separate property pursuant to this Agreement, and any other obligations which Husband and Wife agree in writing to be separate liabilities, shall be separate liabilities of the spouse who owns the separate property so ac- quired or of the spouse who has agreed to be the separate obligor. All separate obligations which are refinanced during the marriage shall retain the character of the original obligation, regardless of whether the new obligation is secured by the separate property of the obligor or by community property. If the separate obligation is refinanced for an increased amount, the excess proceeds from the refinancing shall be the separate property of the separate obligor. The community shall be entitled to reimbursement from the separate prop- erty of the obligor to the extent that community property is used to pay any part of any separate liability. Husband and Wife shall be entitled to reimburse- ment from the community property to the extent that the separate property of either Husband or Wife is used to satisfy any community liability, other than the obligation of the community to support and maintain the spouses pursuant to Section 7.7 below. Husband and Wife shall be entitled to reimbursement from the separate property of the other to the extent that the separate property of ei- ther Husband or Wife is used to satisfy any separate liability of the other, other than the obligation of the other to support and maintain the spouses pursuant to Section 7.7 below. Husband hereby agrees to indemnify and hold Wife harmless from all of his separate obligations, including, without limitation, any claims, damages, charges, assessments and taxes related to Husband’s separate property or obli- gations. Wife hereby agrees to indemnify and hold Husband harmless from her sep- arate obligations, including, without limitation, any claims, damages, charges, assessments and taxes related to her separate property or obligations.
SEPARATE LIABILITIES. This Agreement does not create joint liability of the parties and each party shall be separately li- able for its own acts of omission or commission. Each party shall indemnify the other against any osses incurred as a result of the actions of the other Clause 20 Insurance
SEPARATE LIABILITIES. The liabilities of the Guarantor under Sections 2.1 and 2.2 are separate and distinct from each other, but the provisions of this Agreement shall apply to the liabilities under both of those Sections unless the context otherwise requires.
SEPARATE LIABILITIES. 61 12.1.6. Separate Identification ............................................. 61 12.1.7. Adequate Capitalization ............................................. 61 12.2. Candlewood Member's Equity Contribution .................................... 61 12.3. Certain Transaction and Due Diligence Expenses ............................. 62 12.4. Subordination of Collateral with respect to Approved Projects .............. 63 12.5. Brokers, Investment Bankers and other Advisors ............................. 63 12.6.
SEPARATE LIABILITIES. The Borrower and each Hotel Owner has at all times since its respective formation paid, and hereafter will continue to pay, its own liabilities from its own separate assets.
SEPARATE LIABILITIES. No Member shall be liable under this Agreement for the obligations of any other Member, and each Member shall be solely responsible and liable for performance of its obligations under this Agreement, except as otherwise provided for herein. The obligation of each Member under this Agreement is a separate obligation and not a joint obligation with those of the other Members.
