Cessation of liabilities. Subject to Clause 10.1 above, no person shall, after ceasing to be the Owner of any Undivided Share, be liable for any debt liability or obligation under the covenants, terms and conditions of this Deed in respect of such Undivided Share and the premises held therewith save and except in respect of any breach, non- observance or non-performance by such person of any such covenant or term and condition prior to his ceasing to be the Owner thereof.
Appears in 5 contracts
Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement
Cessation of liabilities. Subject to Clause 10.1 above, no person shall, after ceasing to be the Owner of any Undivided Share, be liable for any debt liability or obligation under the covenants, terms and conditions of this Deed in respect of such Undivided Share and the premises held therewith save and except in respect of any breach, non- non-observance or non-performance by such person of any such covenant or term and condition prior to his ceasing to be the Owner thereof.
Appears in 5 contracts
Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement
Cessation of liabilities. Subject to Clause 10.1 above, no person shall, after ceasing to be the Owner of any Undivided Share, be liable for any debt liability or obligation under the covenants, terms and conditions of this Deed in respect of such Undivided Share and the premises Unit held therewith save and except in respect of any breach, non- non-observance or non-performance by such person of any such covenant or term and condition prior to his ceasing to be the Owner thereof.
Appears in 2 contracts
Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement
Cessation of liabilities. Subject to Clause 10.1 above14.1 and without prejudice to any provisions contained in this Deed, no person shall, after ceasing to be the an Owner of any Undivided Share, be liable for any debt liability debts, liabilities or obligation obligations under the covenants, terms covenants and conditions provisions of this Deed in respect of such Undivided Share and the premises part of the Development held therewith save and except in respect of any breach, non- non-observance or non-performance by such person of any such covenant covenants or term and condition provisions prior to his ceasing to be the Owner thereof.
Appears in 1 contract
