Cessation of Liability. No person shall be liable for any breach of the covenants or undertakings contained in this Agreement which occurs after the relevant person has parted with his interest in the Land or the part in respect of which such breach occurs but without prejudice to the rights of the Council in relation to any antecedent breach of those covenants or undertakings
Cessation of Liability. Guarantor’s liability under this Agreement shall not in any way be affected by the cessation of Borrow- er’s liability for any reason other than full performance of all the obligations under the Loan Documents, including, without limitation, any and all obligations to indemnify Lender. Authorization of Lender. Guarantor authorizes Lender, without notice or demand and without affecting its liability under this Agreement, and without consent of Guarantor or prior notice to Guarantor, to: Modify Loan Documents. Make any modifications to the Loan Documents; Assign Guaranty. Assign the Loan Documents and this Agreement; Modify Security. Take, hold, or release security for the performance of the Guaranteed Obligations with the consent of the party providing such security; Additional Guarantors. Accept or discharge, in whole or in part, additional guarantors; Order of Sale. Direct the order and manner of any sale of all or any part of security now or later held under the Loan Documents or this Agreement, and also bid at any such sale to the extent allowed by law; and Application of Proceeds. Apply any payments or recovery from Borrower, Guarantor, or any source, and any proceeds of any security, to Borrower’s obligations under the Loan Documents in such manner, order, and priority as Lender may elect, whether or not those obligations are guaranteed by this Agreement or secured at the time of such application.
Cessation of Liability. The liability of Guarantor hereunder shall not in any way be affected by the cessation of the liability of Borrower for any reason other than full performance of all the obligations under the Note; including, without limitation, any and all obligations to indemnify Beneficiary.
Cessation of Liability. Notwithstanding any other provision contained in this Policy, the Company’s liability to pay any benefits which have not already accrued in respect of a Member shall cease upon the occurrence of the earlier of any of the following events:
Cessation of Liability. Any and all liability shall cease upon the expiry of twelve months from the date of completion of the work commissioned.
Cessation of Liability. The liability of the Surety hereunder will not terminate until the date that one of the following occurs:
(a) the delivery to the Insured of a registered deed or transfer of the property being purchased under the Purchase Agreement;
(b) the Vendor pays the Insured the amount insured by his Deposit Protection Policy;
(c) the payment by the Surety of the Deposit and Interest (if any) thereon due under any claim arising from any default by the Vendor written notice of which is given as required by paragraph 4.1;
(d) the Insured acknowledges in writing that:
(i) he is not entitled to payment of the Deposit and Interest (if any) theron; and
(ii) the Surety is no longer liable under this Deposit Protection Policy;
(e) a court of competent jurisdiction makes a final determination that the Insured is not entitled to the Deposits and Interest thereon and Upgrade Monies in respect of the unit being purchased under the Purchase Agreement.
Cessation of Liability. A person’s liability to the Company under clause 10.6 ceases when the Company receives payment in full of the money and interest owing.
Cessation of Liability. If the Chargor has irrevocably repaid all liabilities to any Beneficiary in respect of any Relevant Liabilities and such Beneficiary is not under a commitment and does not intend to make any further facility or financial accommodation (including transactions entered into pursuant to the Hedging Documents) available to the Chargor under the Relevant Documents, the relevant Representative and the Chargor shall notify the Security Trustee to that effect and such Beneficiary shall cease to be a Beneficiary under this Deed. In the event that any Security Assets were Allocated Properties in respect of anyone who has ceased to be a Beneficiary hereunder, such Properties shall be designated as Unallocated Properties until an amended Allocated Properties Schedule is delivered pursuant to clause 5.
Cessation of Liability. (i) Subject to the requirements of Subsection (a) of this Section 2.3, any member of a Group which ceases to be under Common Control with Hillside or Ampex, as the case may be, shall cease to be a member of the applicable Group and shall cease to be subject to this Agreement except for any liability arising before the date such member ceases to be under Common Control with Ampex or Hillside, whichever is applicable,
(ii) Upon the sale of the stock of Media as a result of which Media ceases to be under Common Control with Ampex, or upon the sale of substantially all the assets of Media, Media (in the case of a sale of its stock) or the successor to the business of Media (in the case of a sale of its assets) shall have no obligation or liability under this Agreement after the date of sale; provided, however, that the Media Plan shall be assumed by Ampex for all periods following the sale.
Cessation of Liability. Guarantor's liability under this Guaranty shall not in any way be affected by the cessation of Assignor's liability for any reason other than full performance of all the obligations under the FA Documents; including, without limitation, any and all obligations to indemnify Beneficiary.
