Liability After Assignment Sample Clauses

Liability After Assignment. A Party’s assignment or transfer of rights or obligations pursuant to this Section 13.13 (other than Section 13.13.3) shall relieve said Party from any liability and financial responsibility for the performance thereof arising after any such transfer or assignment, provided such transferee enters into an assignment and assumption agreement, in form and substance satisfactory to the other Party, pursuant to which such transferee assumes all of the assigning or transferring Party’s obligations hereunder and otherwise agrees to be bound by the terms of this Agreement.
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Liability After Assignment. Except as expressly provided for herein, upon any assignment permitted by this Article and upon assumption of this Agreement by the assignee, the assignor shall be relieved of any obligation or liability under this Agreement incurred or arising subsequent to the date of such assignment.
Liability After Assignment. If Tenant shall assign, transfer or dispose of its interest in this Lease in accordance with this Article 18 and the assignee assumes the obligations of Tenant under this Lease accruing from and after the date of such assignment, the assigning Tenant shall be released from all liabilities and obligations accruing after the date of such assignment, but the assigning Tenant shall remain liable for acts or omissions occurring prior to the effective date of such assignment unless the same are expressly and specifically assumed in writing by the assignee. Nothing in this Section 18.3 shall be construed to release the assigning Tenant from any liability or obligation that accrued prior to the effective date of such assignment unless the same are expressly and specifically assumed in writing by the assignee.
Liability After Assignment. 27 XII. INSURANCE..................................................... 28 12.1
Liability After Assignment. If Tenant shall assign, transfer or dispose of its interest in this Lease in accordance with this Article and the assignee assumes the obligations of Tenant under this Lease accruing from and after the date of such assignment, the assigning Tenant shall be released from all liabilities and obligations accruing after the date of such assignment, but the assigning Tenant shall remain liable for acts or omissions occurring prior to the effective date of such assignment unless the same are expressly and specifically assumed in writing by the assignee, provided that such shall not include any liabilities unknown to Landlord at the time of the assignment for which the assigning Tenant shall remain liable to Landlord. Nothing in this Section shall be construed to release the assigning Tenant from any liability or obligation that accrued prior to the effective date of such assignment unless the same are expressly and specifically assumed in writing by the assignee.

Related to Liability After Assignment

  • Non-Exclusivity; Survival of Rights; Insurance; Primacy of Indemnification; Subrogation (a) The rights of indemnification and to receive advancement as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Charter, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement than would be afforded currently under the Charter, Bylaws and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.

  • Indemnification; Liability Insurance The Company and Executive shall enter into the Company’s standard form of indemnification agreement governing his conduct as an officer and director of the Company.

  • Indemnification and Liability Insurance The Subdivider hereby agrees to hold the City of Avon, its officers, directors, agents and employees harmless and to indemnify them against all claims, expenses and liability as a result of loss or injury arising out of the clearing of land or construction of the Subdivision and public improvements. Prior to the commencement of any construction on the Subdivision site, Subdivider agrees to provide the City with proof of One Million ($1,000,000.00) Dollars liability insurance protecting the City from liability arising out of the development of the Subdivision and public improvements. Subdivider shall not allow this insurance to expire earlier than the effective period of any maintenance bond, and shall provide a copy of the insurance policy to remain, at all times, with the Director of Finance of the City.

  • Standard of Liability Indemnifications Confidential material redacted and filed separately with the Commission.

  • Exceptions from Liability Without limiting the generality of any other provisions hereof, neither the Custodian nor any Domestic Subcustodian shall be under any duty or obligation to inquire into, nor be liable for:

  • Property and Liability Insurance The Administrative Agent shall have received, in each case in form and substance reasonably satisfactory to the Administrative Agent, evidence of property, business interruption and liability insurance covering each Credit Party, evidence of payment of all insurance premiums for the current policy year of each policy (with appropriate endorsements naming the Administrative Agent as lender’s loss payee (and mortgagee, as applicable) on all policies for property hazard insurance and as additional insured on all policies for liability insurance), and if requested by the Administrative Agent, copies of such insurance policies.

  • Extent of Liability; Contribution (a) Notwithstanding anything herein to the contrary, each Borrower’s liability under this Section 5.11 shall be limited to the greater of (i) all amounts for which such Borrower is primarily liable, as described below, and (ii) such Borrower’s Allocable Amount.

  • Release from Liability Contractor generally releases from liability and waives all claims against any party providing information about the Contractor at the request of System Agency.

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