LIABILITY OF THE PARTICIPANTS Sample Clauses

LIABILITY OF THE PARTICIPANTS. Subject to paragraph 2.3 of Section 2 (Participant Event of Default Compensation Sum) of Schedule 14 (Compensation on Participant Event of Default and Termination), the liability of each of the Participants under this Agreement is several and no act or omission (including any default or waiver) of any Participant shall bind any other Participant save as expressly set out herein.
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LIABILITY OF THE PARTICIPANTS. (a) Each Participant indemnifies the Principal and shall hold the Principal harmless from and against all Loss and other liabilities of any kind suffered or incurred by the Principal due to any breach of the Waste Services Agreement, this Agreement or the Direct Deed, by that Participant or its Participant’s Personnel.
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LIABILITY OF THE PARTICIPANTS. Each Participant hereby acknowledges that as to all third parties dealing with the Venture, all Participants are jointly and severally liable for all costs, expenses and obligations of the Venture. However, as among themselves, the Participants hereby agree that each shall be individually and solely responsible only for his share of the costs, expenses and obligations of the Venture as determined under this Agreement. Pursuant thereto, each Participant hereby further agrees to indemnify the other Participants from paying more than their respective, shares of the costs, expenses and obligations of the Venture as determined in accordance with Article XV.
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LIABILITY OF THE PARTICIPANTS. Each Participant hereby acknowledges that as to all third parties dealing with the Venture, all Participants are jointly and severally liable for all costs, expenses and obligations of the Venture. However, as among themselves, the Participants hereby agree that each shall be individually and solely responsible only for his Sharing Percentage of the costs, expenses and obligations of the Venture as determined under this Agreement. Pursuant thereto, each Participant hereby further agrees to indemnify the other Participants from paying more than their respective Sharing Percentages of the costs, expenses and obligations of the Venture in an amount not to exceed his Sharing Percentage of such costs, expenses and obligations.
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LIABILITY OF THE PARTICIPANTS 
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Related to LIABILITY OF THE PARTICIPANTS

  • LIABILITY OF THE PARTIES 5.1. The Parties shall be liable for non performance or improper performance of their obligations under this Agreement in accordance with the legislation of the Russian Federation.

  • Liability of Servicer The Servicer shall not be relieved of its obligations under this Agreement notwithstanding any Sub-Servicing Agreement or any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or otherwise, and the Servicer shall be obligated to the same extent and under the same terms and conditions as if it alone were servicing and administering the Mortgage Loans. The Servicer shall be entitled to enter into any agreement with a Sub-Servicer for indemnification of the Servicer by such Sub-Servicer and nothing contained in such Sub-Servicing Agreement shall be deemed to limit or modify this Agreement. The Trust shall not indemnify the Servicer for any losses due to the Servicer's negligence.

  • Liability of the Manager No provision of this Agreement shall be deemed to protect the Manager against any liability to the Fund or the shareholders of the Portfolio to which it might otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

  • Liability of the Members No Member shall be liable, responsible or accountable in damages or otherwise to any other Member or to the Company for any act or omission performed or omitted by the Member except for acts of gross negligence or intentional wrongdoing.

  • Liability of Members The Members shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.

  • Liability of the Adviser The Adviser shall indemnify and hold harmless the Trust and all affiliated persons thereof (within the meaning of Section 2(a)(3) of the 0000 Xxx) and all controlling persons (as described in Section 15 of the 1933 Act) (collectively, the “Adviser Indemnitees”) against any and all losses, claims, damages, liabilities or litigation (including reasonable legal and other expenses) by reason of or arising out of the Adviser’s willful misfeasance, bad faith or negligence in the performance of its duties hereunder or its reckless disregard of its obligations and duties under this Agreement.

  • Liability of the Administrator No provision of this Agreement shall be deemed to protect the Administrator against any liability to the Fund or its shareholders to which it might otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

  • Liability of Consultant In furnishing the Company with management advice and other services as herein provided, Consultant shall not be liable to the Company or its creditors for errors of judgment or for anything except malfeasance or gross negligence in the performance of his duties or reckless disregard of the obligations and duties under the terms of this Agreement. It is further understood and agreed that Consultant may rely upon information furnished to it reasonably believed to be accurate and reliable and that, except as set forth herein in the first paragraph of this Section 12, Consultant shall not be accountable for any loss suffered by the Company by reason of the Company's action or non-action on the basis of any advice, recommendation or approval of Consultant. The parties further acknowledge that Consultant undertakes no responsibility for the accuracy of any statements to be made by management contained in press releases or other communications, including, but not limited to, filings with the Securities and Exchange Commission and the National Association of Securities Dealers, Inc.

  • Liability of Sub-Advisor Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.

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