No Partnership, Etc. The Secured Parties and the Company intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement or in any of the other Financing Agreements shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Secured Parties and the Company or any other Person. The Secured Parties shall not be in any way responsible or liable for the debts, losses, obligations or duties of the Company or any other Person with respect to the Project or otherwise. All obligations to pay real property or other taxes, assessments, insurance premiums, and all other fees and charges arising from the ownership, operation or occupancy of the Project and to perform all obligations under the agreements and contracts relating to the Project shall be the sole responsibility of the Company.
Appears in 5 contracts
Samples: Master Disbursement Agreement (Wynn Las Vegas LLC), Master Disbursement Agreement (World Travel LLC), Master Disbursement Agreement (Wynn Resorts LTD)
No Partnership, Etc. The Secured Parties Lender and the Company Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement Agreement, the Note or in any of the other Financing Agreements Credit Documents shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Secured Parties Lender and the Company Borrower or any other Person. The Secured Parties Lender shall not be in any way responsible or liable for the debts, losses, obligations or duties of the Company Borrower or any other Person with respect to the Project or otherwise. All obligations to pay real property or other taxes, assessments, insurance premiums, and all other fees and charges arising from the ownership, operation or occupancy of the Project and to perform all obligations under the and other agreements and contracts relating to the Project shall be the sole responsibility of the CompanyBorrower.
Appears in 3 contracts
Samples: Credit Agreement (GST Telecommunications Inc), Credit Agreement (GST Telecommunications Inc), Credit Agreement (GST Telecommunications Inc)
No Partnership, Etc. The Secured Parties and the Company intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement or in any of the other Financing Agreements shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Secured Parties and the Company or any other Person. The Secured Parties shall not be in any way responsible or liable for the debts, losses, obligations or duties of the Company or any other Person with respect to the Project Projects or otherwise. All obligations to pay real property or other taxes, assessments, insurance premiums, and all other fees and charges arising from the ownership, operation or occupancy of the Project Projects and to perform all obligations under the agreements and contracts relating to the Project Projects shall be the sole responsibility of the Company.
Appears in 3 contracts
Samples: Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD)
No Partnership, Etc. The Secured Parties and the Company intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement or in any of the other Financing Agreements Loan Documents shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Secured Parties and the Company or any other Person. The Secured Parties shall not be in any way responsible or liable for the debts, losses, obligations or duties of the Company or any other Person with respect to the Project Company or otherwise. All obligations to pay real property or other taxes, assessments, insurance premiums, and all other fees and charges arising from the ownership, operation or occupancy of the Project Company and to perform all obligations under the agreements and contracts relating to the Project Company shall be the sole responsibility of the Company.
Appears in 1 contract
No Partnership, Etc. The Secured Parties Banks and the Company Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement Agreement, the Notes or in any of the other Financing Agreements Credit Documents shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Secured Parties and the Company Banks, Borrower or any other Person. The Secured Parties Banks shall not be in any way responsible or liable for the debts, losses, obligations or duties of the Company Borrower or any other Person with respect to the any Project or otherwise. All obligations to pay real property or other taxes, assessments, insurance premiums, and all other fees and charges arising from the ownership, operation or occupancy of the any Project and to perform all obligations under the and other agreements and contracts relating to the any Project shall be the sole responsibility of the CompanyBorrower.
Appears in 1 contract
Samples: Credit Agreement (Calpine Corp)
No Partnership, Etc. The Secured Parties Banks and the Company Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement Agreement, the Notes or in any of the other Financing Agreements Credit Documents shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Secured Parties Banks and the Company Borrower or any other Person. The Secured Parties Banks shall not be in any way responsible or liable for the debts, losses, obligations or duties of the Company Borrower or any other Person with respect to the Project or otherwise. All obligations to pay real property or other taxes, assessments, insurance premiums, and all other fees and charges arising from the ownership, operation or occupancy of the Project and to perform all obligations under the and other agreements and contracts relating to the Project shall be the sole responsibility of the CompanyBorrower.
Appears in 1 contract
Samples: Credit Agreement (Calpine Corp)