Liability of Assignor. Liability under this Agreement is limited in the same manner and to the same extent as liability is limited under Section 11 of the Note and Article IX of the Deed To Secure Debt.
Liability of Assignor. Assignor does not assume, and neither it nor any of its officers, directors, employees or agents shall have, any responsibility or liability, expressed or implied, to Assignee for, and Assignor makes no representations or warranties to Assignee with respect to the following:
Liability of Assignor. Assignor acknowledges that it shall remain primarily liable for and stand behind each of its obligations under the Call Option and all other obligations and liabilities in, to and under the Option Agreement. Such assignment and assumption is without recourse, representation or warranty (express or implied) of any kind.
Liability of Assignor. Nothing in this Assignment shall be deemed to relieve Assignor from any of its obligations or liabilities under the Lease whether accruing prior to or after the date hereof, and Assignor hereby agrees to be bound by any amendment to the Lease after the date hereof which is executed by the then current Tenant. In furtherance of the foregoing, it is specifically understood and agreed that in the event of an Event of Default under the Lease, Landlord shall be entitled to commence any action or proceeding against Assignor or otherwise exercise any available remedies at law or in equity to enforce the provisions of the Lease against Assignor without first commencing any action or otherwise proceeding against Assignee or any other party, or otherwise exhausting all of its available remedies against Assignee or any other party.
Liability of Assignor. Assignor acknowledges to Sublandlord that nothing contained in this Agreement is intended to waive or release the obligation of Assignor as Subtenant under the Sublease, which liability Assignor hereby ratifies and confirms.
Liability of Assignor. It is hereby expressly agreed that anything herein contained to the contrary notwithstanding, the Assignee shall have no obligation or liability under any Charter, other charter or contract of affreightment by reason of or arising out of this Assignment, nor shall the Assignee be required or obligated in any manner to perform or to fulfill any obligations of the Assignor under or pursuant to any Charter, other charter or contract of affreightment nor to make any payment, nor to make any inquiry as to the nature or sufficiency of any payment received by the Assignee or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to it or which it may be entitled to hereunder at any time or times. The liability of the Assignor under this Assignment shall be subject to the provisions of Article 10 of the Indenture.
Liability of Assignor. It is hereby expressly agreed that anything herein contained to the contrary notwithstanding, the Assignee shall have no obligation or liability under any Charter, other charter or contract of affreightment by reason of or arising 10 Language to be included only in the Assignment of M/T SHINYOSAOWALAK which is owned by a BVI company. out of this Assignment, nor shall the Assignee be required or obligated in any manner to perform or to fulfill any obligations of the Assignor under or pursuant to any Charter, other charter or contract of affreightment nor to make any payment, nor to make any inquiry as to the nature or sufficiency of any payment received by the Assignee or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to it or which it may be entitled to hereunder at any time or times. The liability of the Assignor under this Assignment shall be subject to the provisions of Article 10 of the Indenture.
Liability of Assignor. Lessor confirms that this Assignment does not release Assignor from any liability under the Sublease.
Liability of Assignor. The obligations of Assignor under this Agreement are subject to the limitations on recourse set forth in Section 12.20 of the Loan Agreement. 6 ASSIGNMENT OF LEASES IN WITNESS WHEREOF, THIS ASSIGNMENT OF LEASES has been executed by Assignor as of the Execution Date.
