Legal Relationships. The legal relationships between the investors and the management company shall follow the law of June 28, 2011 regarding specific Undertakings for Collective Investment in Transferable Securities (UCITSG) and the regulation of July 5, 2011 regarding specific Undertakings for Collective Investment in Transferable Securities (UCITSV) and, if no regulations are provided there, according to the provisions of the Persons and Company Law (PGR) regarding the trusteeship.
Legal Relationships. The parties to this Agreement execute the same solely as a seller and a purchaser. No partnership, joint venture or joint undertaking shall be construed from these presents, and except as herein specifically provided, neither party shall have the right to make any representation for, act on behalf of, or be liable for the debts of the other. All terms, covenants and conditions to be observed and performed by either of the parties hereto shall be joint and several if entered into by more than one person on behalf of such party, and a default by any one or more of such persons shall be deemed a default on the part of the party with whom said person or persons are identified. No third party is intended to be benefited by this Agreement.
Legal Relationships. The Contractor and the sub-contractor(s), if any, shall have the status of an independent contractor vis-à-vis the Employer. The Contract Documents shall not be construed to create any contractual relationship of any kind between the Engineer and the Contractor, but the Engineer shall, in the exercise of his duties and powers under the Contract, be entitled to performance by the Contractor of its obligations, and to enforcement thereof. Nothing contained in the Contract Documents shall create any contractual relationship between the Employer or the Engineer and any subcontractor(s) of the Contractor.
Legal Relationships. A. Paragraphs 7.01.A and 7.02 are not applicable for utilities not under the control of Owner.
Legal Relationships. The parties to this contract execute the same solely as a seller and a buyer. No partnership, joint venture, or joint undertaking shall be construed from these presents, and, except as herein specifically provided, neither party shall have the right to make any representation for, act on behalf of, or be liable for the debts of the other. All terms, covenants, and conditions to be observed and performed by either of the parties hereto shall be joint and several if entered into by more than one person on behalf of such party, and a default by any one or more of such persons shall be deemed a default on the part of the party with whom said person or persons are identified. No third party is intended to be benefitted by this contract. All persons executing this contract in their individual capacities (or as a general partner or other capacity causing them to be personally liable) acknowledge that this agreement benefits their marital communities and personal recourse may be obtained against the separate property and marital community of any such person and the marital community of such person's spouse.
Legal Relationships. This Ground Lease shall not be interpreted or construed as establishing a partnership or joint venture between the District and the Tenant and neither party shall have the right to make any representations or be liable for the debts or obligations of the other. Neither party is executing this Ground Lease as an agent for an undisclosed principal. No third party is intended to be benefited by this contract.
Legal Relationships. A. Contractor may be entitled to a change in Contract Price or Contract Times if, while performing other work at or adjacent to the Site for Owner, the OPT, other contractor, or utility owner:
1. Damages the Work or property of Contractor’s Team;
2. Delays, disrupts, or interferes with the execution of the Work; or
3. Increases the scope or cost of performing the Work through their actions or inaction.
B. Notify the OAR immediately of the event leading to a potential Change Proposal so corrective action can be taken. Submit the Change Proposal within 30 days of the event if corrective action has not adequately mitigated the impact of the actions or inactions of others. Information regarding this other work in the Contract Documents is used to determine if the Contractor is entitled to a change in Contract Price or Contract Times. Changes in Contract Price require that Contractor assign rights against the other contractor or utility owner to Owner with respect to the damage, delay, disruption, or interference that is the subject of the adjustment. Changes in Contract Times require that the time extension is essential to Contractor’s ability to complete the Work within the Contract Times.
C. Take prompt corrective action if Contractor’s Team damages, delays, disrupts, or interferes with the work of Owner’s employees, other contractors, or utility owners performing other work at or adjacent to the Site or agree to compensate other contractors or utility owners for correcting the damage. Promptly attempt to settle claims with other contractors or utility owners if Contractor damages, delays, disrupts, or interferes with the work of other contractors or utility owners performing other work at or adjacent to the Site.
D. Owner may impose a set-off against payments due to Contractor and assign the Owner’s contractual rights against Contractor with respect to the breach of the obligations described in this Paragraph 8.03 to other contractors or utility owners if damages, delays, disruptions, or interference occur.
E. Contractor’s obligation to indemnify Owner’s Indemnitees for claims arising out of or related to damages, delays, disruptions, and interference with other work at the Site are as set forth in Paragraph 7.14.
Legal Relationships. The legal relationships between the Investors and the AIF are governed by the law of 19 December 2012 on Al- ternative Investment Fund Managers (AIFMG) and the regulation of 22 March 2016 on Alternative Investment Fund Managers (AIFMV) and, to the extent that no provision has been made therein, by the provisions of the law on Persons and Companies (Personen- und Gesellschaftsrecht, "PGR") concerning the trusteeship.
Legal Relationships. 2.4.1 With respect to the Aircraft, Oakley shall be deemed to have Operational Control of the aircraft at all times during the term of this Agreement, including but not limited to during all Time Sharing Flights.
2.4.2 Oakley does not intend to enter into, and this Agreement is not intended to create or constitute, a joint ownership agreement, as such term is defined in FAR Section 91.501(c)(3), or a joint venture, partnership, business organization, association, cooperative arrangement or other relationship by and among Oakley and X, LLC and through which any party may be held liable for the omissions or commissions of any other party. This Agreement is intended to create a time sharing agreement as such term is defined in FAR Section 91.501(c)(1).
Legal Relationships. The legal relationship between the investors and the management company is gov- erned by the Act dated June 28, 2011, on Certain Undertakings for Collective Invest- ment in Transferable Securities (UCITSA) and the Ordinance dated July 5, 2011, on Cer- tain Undertakings for Collective Investment in Transferable Securities (UCITSO) and, if a matter is not regulated there, by the provisions related to trusts in the Persons and Companies Act (PGR).
