Limited Liability of Developers and the Administrator Sample Clauses

Limited Liability of Developers and the Administrator. No person shall have any claim against either Developer, the Administrator, or any of their respective officers, officials, agents, or employees for damages suffered as a result of a Developer’s or Administrator’s failure to perform in any respect any covenant, undertaking, or obligation under this Agreement provided, however, that nothing contained herein shall be construed to preclude any action or proceeding in any court of competent jurisdiction against a Developer, the Administrator, or any of their officers, officials, agents, or employees to specifically enforce the provisions of this Agreement pursuant to Section 7 of this Agreement. The Administrator accepts its responsibilities under this Agreement subject to the approval and execution of an agreement between the Administrator and the City relating to these services (the “Administration Agreement”). The Administrator may resign its duties under this Agreement as provided for in the Administration Agreement.
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Related to Limited Liability of Developers and the Administrator

  • Limited Liability Except as otherwise provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a member of the Company.

  • Unlimited Liability Neither party will exclude or limit its liability for damages resulting from:

  • Contractor’s Power and Authority The Contractor warrants that it has the full power and authority to grant the rights herein granted and will hold the County hereunder harmless from and against any loss, cost, liability and expense, including reasonable attorney fees, arising out of any breach of this warranty. Further, the Contractor avers that it will not enter into any arrangement with any third party which might abridge any rights of the County under this Contract.

  • Partnership The Partnership shall be given days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.

  • Organization; Power and Authority The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement and the Notes and to perform the provisions hereof and thereof.

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