Independent Actors. The Funder and the Claimholder are independent actors. This Agreement does not create any joint venture, partnership or any other type of affiliation, nor does it create a joint interest in the Subject Claim, for any purpose, including for U.S. federal, state and local income tax purposes.
Independent Actors. Each Party is acting independently; neither is an agent, servant, or employee of the other; and the parties are not engaged in a joint enterprise.
Independent Actors. The respective obligations of the parties under this Agreement render the activities contemplated hereunder a joint undertaking within the meaning of I.C. § 36-1-7-2(a). The foregoing notwithstanding:
Independent Actors. It is understood and agreed between the parties that PJY INVESTMENTS, in performing its obligations under this AGREEMENT, is acting independently, and the CITY assumes no responsibility or liability in connection therewith to third parties and PJY INVESTMENTS, LLC agrees to indemnify the CITY therefrom; it is further understood and agreed among the parties that the CITY, in performing its obligations under this AGREEMENT, is acting independently, and PJY INVESTMENTS, LLC assumes no responsibility or liability in connection therewith to third parties and the CITY agrees to indemnify, to the extent allowed by law, PJY INVESTMENTS, LLC.
