Common use of Liabilities of the Owner Participant Clause in Contracts

Liabilities of the Owner Participant. The Owner ------------------------------------ Participant shall not have any obligation or duty to the Lessee or to any Noteholder with respect to the transactions contemplated by this Agreement, except those obligations or duties expressly set forth in this Agreement, the Indenture (but only to the extent set forth in Section 2.12 of the Indenture) or (to the Lessee only) the Tax Indemnity Agreement or in any other Operative Agreement to which the Owner Participant is a party and the Owner Participant shall not be liable for the performance by any other party hereto of such other party's obligations or duties hereunder.

Appears in 2 contracts

Samples: Participation Agreement (Midway Airlines Corp), Participation Agreement (Midway Airlines Corp)

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Liabilities of the Owner Participant. The Owner ------------------------------------ Participant shall not have any obligation or duty to the Lessee or to any Noteholder Holder with respect to the transactions contemplated by this Agreement, except those obligations or duties expressly set forth in this Agreement, the Indenture (but only to the extent set forth in Section 2.12 8.02 of the Indenture) or (to the Lessee only) the Tax Indemnity Agreement or in any other Operative Agreement to which the Owner Participant is a party and the Owner Participant shall not be liable for the performance by any other party hereto of such other party's obligations or duties hereunder.

Appears in 1 contract

Samples: Participation Agreement (Midway Airlines Corp)

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Liabilities of the Owner Participant. The Owner ------------------------------------ Participant shall not have any obligation or duty to the Lessee or to any Noteholder Holder with respect to the transactions contemplated by this Agreement, except those obligations or duties expressly set forth in this Agreement, the Indenture (but only to Indenture, the extent set forth in Section 2.12 of the Indenture) or (to the Lessee only) Trust Agreement, the Tax Indemnity Agreement Agreement, the Lease or in any other Operative Agreement to which the Owner Participant is a party and the Owner Participant shall not be liable for the performance by any other party hereto of such other party's obligations or duties hereunder.

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

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