No Future Obligation Sample Clauses
The No Future Obligation clause establishes that, after the termination or completion of an agreement, neither party is required to perform any further duties or obligations under that contract. In practice, this means that once the contract ends, both parties are released from any ongoing responsibilities, except for those specifically stated to survive termination, such as confidentiality or indemnification provisions. This clause serves to clearly define the endpoint of contractual obligations, preventing misunderstandings or disputes about lingering responsibilities after the agreement concludes.
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No Future Obligation. The full Amount Financed of each Receivable has been advanced to or on behalf of each Obligor, and there are no requirements for future advances thereunder. The Obligor with respect to each Receivable does not have any option under such Receivable to borrow from the Depositor or any Affiliate additional funds secured by the Financed Vehicle.
No Future Obligation. Nothing in this MoU shall be construed as creating any obligation on the part of either party to enter into a business relationship with the other party, or as creating any partnership or any other legal entity between the parties.
No Future Obligation. Neither party shall have any future obligation with respect to any further license or access to the Informatica Products or any other Informatica product.
No Future Obligation. The obligations contained in this Section 2.4 shall apply to the Landlord originally named herein, and shall only apply to a future owner of an Encumbered Building to the extent such future owner is also then the owner of the 6340 Building, the 6310 Building and/or the 6290 Building (individually, an “Original Building” and collectively, the “Original Buildings”) (and only if Tenant then still leases such Original Building(s)). For clarity, a future owner of an Encumbered Building shall only have the obligation to honor Tena▇▇’▇ ▇ight of first refusal if, at such time, such owner then also owns one (1) or more Original Buildings, but such future owner shall not have the SEQUENCE TECHNOLOGY CENTER [Expansion and Extension Amendment] [DexCom, Inc.] obligation to honor the right of first refusal if, at such time, Tenant no longer leases (by virtue of Section 3.4 below, Section 3.5 below or otherwise) any of the Original Buildings then owned by such future owner.
No Future Obligation. PE acknowledges that S▇▇, CPI and JAM are under no obligation to extend the Forbearance Period beyond October 14, 2005 as set forth in section E above.
No Future Obligation. The Parties acknowledge that this Agreement is for the Assessment and Trial Period only, and neither Party will be obliged to purchase or supply any other products or services, unless and until they execute a separate written agreement.