Independent Agreements. The Time Share Lessees are listed in a single document for the sole purpose of convenience of the Operator. This Agreement shall be deemed a separate Time Sharing Agreement as between Operator and each Time Share Lessee. Without limiting the preceding sentence: 2.2.1. Operator may from time to time agree to add additional persons as a Time Share Lessee, without notice to the existing Time Share Lessees. Each such agreement will be evidenced by a supplement to Schedule 1, signed by Operator and the new Time Share Lessee(s), setting forth the new Time Share Lessee’s notice address, the date as to which this Agreement becomes effective as to the new Time Share Lessee, and his or her commitment to be bound by this Agreement. 2.2.2. The rights and obligations of each Time Share Lessee are independent of one another. Under no circumstances will any Time Share Lessee be deemed liable for any monetary or non-monetary obligations of any other Time Share Lessee hereunder, whether jointly, severally, or by way of suretyship or guaranty. 2.2.3. Termination of this Agreement as to any one or more of the Time Share Lessees shall not be deemed to be a termination as to any other Time Share Lessee.
Appears in 3 contracts
Samples: Aircraft Time Sharing Agreement, Aircraft Time Sharing Agreement (Limited Brands Inc), Aircraft Time Sharing Agreement (Limited Brands Inc)
Independent Agreements. The Time Share Lessees are listed in a single document for the sole purpose of convenience of the OperatorCompany. This Agreement shall be deemed constitutes a separate Time Sharing Agreement as between Operator the Company and each Time Share Lessee. Without limiting the preceding sentence:
2.2.1. Operator The Company may from time to time agree to add additional persons as a Time Share Lessee, without notice to the existing Time Share Lessees. Each such agreement will be evidenced by a supplement to Schedule 1, signed by Operator the Company and the new Time Share Lessee(s), setting forth the new Time Share Lessee’s 's notice address, the date as to which this Agreement becomes effective as to the new Time Share Lessee, and his or her commitment to be bound by this Agreement.
2.2.2. The rights and obligations of each Time Share Lessee are independent of one another. Under no circumstances will any Time Share Lessee be deemed liable for any monetary or non-monetary obligations of any other Time Share Lessee hereunder, whether jointly, severally, or by way of suretyship or guaranty.
2.2.3. Termination of this Agreement as to any one or more of the Time Share Lessees shall does not be deemed to be a termination terminate the Agreement as to any other Time Share Lessee.
Appears in 1 contract
Samples: Master Aircraft Time Sharing Agreement (Limited Brands Inc)