No Additional Duty Sample Clauses
The "No Additional Duty" clause establishes that neither party is required to perform obligations beyond those expressly stated in the agreement. In practice, this means that if a responsibility or service is not specifically outlined in the contract, the parties are not legally bound to provide it, even if it might be customary or expected in similar arrangements. This clause serves to limit the scope of each party’s duties, preventing misunderstandings or disputes over implied or assumed obligations, and ensuring that all expectations are clearly documented within the contract.
No Additional Duty. ECT shall only be responsible for the Services and the other duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) in respect to ECT shall be implied. No other standard of care, other than as set forth in Section 3.01 above, shall apply or be implied in relation to the performance of the Services or the other duties and obligations hereunder.
No Additional Duty. The Manager shall only be responsible for the duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) shall be implied (including any obligation or duty (fiduciary or otherwise) pursuant to the Intercorporate Services Agreement).
No Additional Duty. The Administrator shall only be responsible for the Administrative Services and the other duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) in respect to the Administrator shall be implied. No other standard of care, other than as set forth in Section 6.01 above, shall apply or be implied in relation to the performance of the Administrative Services or the other duties and obligations hereunder.
No Additional Duty. No provision of this Section 5.7 or any other provision of this Agreement shall impose on the Administrative Agent any duty or obligation to verify the existence or adequacy of the insurance coverage maintained by the Borrower or any of its Subsidiaries nor shall the Administrative Agent be responsible for any representations or warranties made by or on behalf of the Borrower or any of its Subsidiaries to any insurance company or underwriter.
No Additional Duty. Except the Services contemplated in Section 2.2, no other obligation or duty (fiduciary or otherwise) in respect to KMCI or any of its Affiliates shall be implied as a result of this Agreement or any action taken or omitted to be taken hereunder.
No Additional Duty. 22 6.03 Other Activities and Conflict of Interest ............................................................... 22 6.04 Compliance with Restrictions in ECT Trust Indenture ......................................... 23
No Additional Duty. Obsidian shall only have the duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) shall be implied. No other duty or standard of care, other than as expressly set forth in this Agreement, shall apply or be implied in relation to the performance, by Obsidian or any Transition Services Personnel, of the Transitional Services or the other duties and obligations to be provided hereunder.
No Additional Duty. OP-CO shall only have the duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) shall be implied. No other standard of care, other than set forth above, shall apply or be implied in relation to the performance of the Services by OP-CO hereunder.