Common use of Liability of Parties Clause in Contracts

Liability of Parties. The liability of the Parties shall be several, not joint or collective. Each party shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Contract Area. Accordingly, the liens granted among the Parties are given to secure only the debts of each severally. It is not the intention of the Parties to create, nor shall this agreement be construed as creating, a mining or other partnership or association, or to render the Parties liable as partners.

Liability of Parties. The liability of the Parties parties shall be several, not joint or collective. Each party shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Contract Unit Area. Accordingly, the liens lien granted among the Parties are by each party to Operator herein is given to secure only the debts of each severally. It is not the intention of the Parties parties to create, nor shall this agreement Agreement be construed as creating, creating or constructing a mining or other partnership or association, association or to render the Parties them liable as partners.

Liability of Parties. The liability of the Parties parties shall be several, not joint or and collective. Each party shall be responsible for only its obligations, and shall be liable only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Contract AreaLicenses and Leases and Drill Sites. Accordingly, the liens granted among the Parties parties in Section 7.2 are given to secure only the debts of each severally. It is not the intention of the Parties parties to create, nor shall this agreement Agreement be construed as creating, a mining or other partnership Joint Venture or association, or to render the Parties parties liable as partners.

Liability of Parties. The liability of the Parties parties shall be several, not joint or collective. Each party shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Contract Area. Accordingly, the liens granted among the Parties parties in the preceding paragraph are given to secure only the debts of each severally. It is not the intention of the Parties parties to create, nor shall this agreement be construed as creating, a mining or other partnership or association, or to render the Parties parties liable as partners.

Liability of Parties. The liability of the Parties parties shall be several, not joint or collective. Each party shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Contract Unit Area. Accordingly, the liens lien granted among the Parties are by each party to Operator herein is given to secure only the debts of each severally. It is not the intention of the Parties to create, nor shall this agreement be construed as creating, a mining or other partnership or association, or to render the Parties liable as partners.the

Liability of Parties. The liability of the Parties parties shall be several, not joint or collective. Each party shall be responsible only for its obligations, obligations as provided in this Agreement and shall be liable only for its proportionate share of the costs of developing and operating the Contract Area. Accordingly, the liens granted among the Parties are given to secure only the debts of each severallyperforming its obligations under this Agreement. It is not the intention of the Parties parties to create, nor shall this agreement be construed create or render the parties liable as creating, partners of a mining partnership or other partnership or association, or to render the Parties liable as partners.. 13

Liability of Parties. The liability of the Parties parties shall be several, not joint or collective. Each party shall be responsible only for its obligations, and shall be liable only for its proportionate share of the costs of developing and operating the Contract Area. Accordingly, the liens granted among the Parties parties in Section 7.2 are given to secure only the debts of each severally. It is not the intention of the Parties parties to create, nor shall this agreement be construed as creating, a mining or other partnership or association, or to render the Parties parties liable as partners.