Common use of Issuer Relieved from Responsibility to Maintain Project Clause in Contracts

Issuer Relieved from Responsibility to Maintain Project. The Company and the Issuer hereby expressly acknowledge and agree that the Issuer is under no responsibility to maintain, operate or repair the Project and the Company expressly relieves the Issuer from any such responsibility.

Appears in 3 contracts

Samples: Loan Agreement (Cleco Corp), Loan Agreement (Cleco Power LLC), Loan Agreement (Cleco Power LLC)

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Issuer Relieved from Responsibility to Maintain Project. The Company and the Issuer hereby expressly acknowledge and agree that the Issuer is under no responsibility to maintain, operate operate, insure or repair the Project and the Company expressly relieves the Issuer from any such responsibility.

Appears in 2 contracts

Samples: Loan Agreement (Cleco Corp), Loan Agreement (Cleco Corp)

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