Common use of General Creditor Clause in Contracts

General Creditor. Nothing contained in this Agreement and no action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust relationship between Avalon and the Consultant or any other person, nor shall any money or property of Avalon or NCCI be segregated for the benefit of the Consultant to satisfy the obligations of Avalon or NCCI hereunder.

Appears in 2 contracts

Samples: Consulting Agreement (Nashville Country Club Inc), Consulting Agreement (Nashville Country Club Inc)

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General Creditor. Nothing contained in this Agreement and no action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust relationship between Avalon and the Consultant Executive or any other person, nor shall any money or property of Avalon or NCCI be segregated for the benefit of the Consultant Executive to satisfy the obligations of Avalon or NCCI hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Nashville Country Club Inc), Employment Agreement (Nashville Country Club Inc)

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