Debts, Liabilities and Obligations. The debts, liabilities, and obligations of the Authority shall not constitute debts, liabilities, or obligations of the Members, either jointly or severally.
Debts, Liabilities and Obligations a) DAMA-I and CHAPTER acknowledge the independent status of CHAPTER and agree that DAMA-I is not liable, and shall not be held out by CHAPTER as being liable, for any of CHAPTER’s contracts, torts, or other acts or omissions of its Directors or Officers
Debts, Liabilities and Obligations. All debts, liabilities and obligations of any of the Parties shall be and shall remain debts, liabilities and obligations of that or those Parties and shall not become debts liabilities and obligations of the other parties or of the Agency. All debts, liabilities and obligations incurred by or on behalf of the Agency shall remain debts, liabilities and obligations of the Agency.
Debts, Liabilities and Obligations. A true and complete schedule of all debts, liabilities and obligations of Company is provided in Section 2.6 of Schedule 2. Company has no debts, liabilities, or obligations of any nature, whether accrued, absolute, contingent, or otherwise, and whether due or to become due, that are not set forth in Section 2.6 of Schedule 2.
Debts, Liabilities and Obligations. All debts, liabilities, and obligations incurred pursuant to this Agreement shall be debts, liabilities, and obligations of the Parties to the Agreement, unless the Agreement specifies otherwise. Therefore, the debts, liabilities, and obligations of the System are attributed collectively to the City of Sandpoint, the Sagle Fire District and the Westside Fire District, consistent with their respective interests at the time they become a party hereto, unless the Agreement specifically allocates such responsibility differently.
Debts, Liabilities and Obligations a. It is understood that the Technical College System of Georgia, Office of Workforce Development. requires participating governments to accept liability that may arise from the misuse of Act funds or other erroneous practices.
Debts, Liabilities and Obligations. All debts, Liabilities and obligations of the Company arising from the Property, including, but not limited to, Taxes, accounts payable, bills or claims in connection with the Property, have been paid as they became due and will continue to be so paid, and all such debts, Liabilities and obligations accrued as of the date of the Closing have been or will be satisfied by the Company.
Debts, Liabilities and Obligations. Seller understands and acknowledges that Purchaser is not assuming any debts, liabilities and obligations of Seller. Furthermore, Seller agrees to indemnify and hold harmless Purchaser with respect to any debts, liabilities and obligations of Seller.
Debts, Liabilities and Obligations. The Company has no debts, liabilities or obligations (contingent or otherwise) which are not embodied within the Company Contracts or reflected on the financial statements of the Company delivered to Purchaser pursuant to Section 3.1(c) hereinabove. For purposes hereof, the Company shall not be deemed to have debts, liabilities or obligations to the extent such debts, liabilities or obligations are not those of the Company, but merely might be legally imputed to Company solely as a result of its being a member in ACT I or ACT II (nothing herein shall be deemed to imply or admit that any such debts, liabilities or obligations are or may be so imputed to the members of ACT I or ACT II) or because the Company has taken action on behalf of ACT I, ACT II or any Subsidiary which is either (A) contemplated by an approved construction budget for a Project or (B) taken on behalf of ACT I, ACT II or any Subsidiary in the ordinary or normal course of business of such entity and which does not cause any such construction budget to be exceeded.
Debts, Liabilities and Obligations. Neither ACT I, ACT II nor any Subsidiary has any debts or obligations which were entered into or incurred by the Company, Sellers (or either of them), any Affiliate of Sellers, or Xxxxxx X. Xxxxx, on behalf of ACT I, ACT II or any Subsidiary which are not embodied within the contracts set forth on Exhibits “G” and “H” attached hereto. To Seller’s Knowledge, as of the date hereof, no claims have been made or threatened against ACT I, ACT II or any of the Subsidiaries for any liability that is not embodied in or does not arise from the ACT I Contracts or the ACT II Contracts, except as identified on Exhibit “I” attached hereto.
