Common use of No Partnership, Etc Clause in Contracts

No Partnership, Etc. The Lender and the Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Agreement or the Project Note shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Lender, on the one hand, and the Borrower or any other Person, on the other hand. The Lender shall not be in any way responsible or liable for the debts, losses, obligations or duties of the 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 agreements and contracts relating to the Project shall be the sole responsibility of the Borrower.

Appears in 8 contracts

Samples: Shareholder Loan Agreement (Panda Global Holdings Inc), Shareholder Loan Agreement (Panda Global Holdings Inc), Shareholder Loan Agreement (Panda Global Holdings Inc)

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No Partnership, Etc. The Lender and the 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 Project Note other 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 Lender, on the one hand, Lender and the Borrower or any other Person, on the other hand. The Lender shall not be in any way responsible or liable for the debts, losses, obligations or duties of the 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 Borrower.

Appears in 3 contracts

Samples: Credit Agreement (GST Telecommunications Inc), Credit Agreement (GST Telecommunications Inc), Credit Agreement (GST Telecommunications Inc)

No Partnership, Etc. The Lender Credit Parties and the Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Common Agreement or the Project Note in any other Loan Document shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by by, between or between among the Lender, on the one hand, Credit Parties and the Borrower or any other Person, on the other hand. The Lender Credit Parties shall not be in any way responsible or liable for the debtsindebtedness, losses, obligations or duties of the 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 Periodic Expenses 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 Borrower.

Appears in 3 contracts

Samples: Common Agreement (Beacon Power Corp), Common Agreement (First Wind Holdings Inc.), Common Agreement (Solyndra, Inc.)

No Partnership, Etc. The Lender Credit Parties and the Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Loan Guarantee Agreement or the Project Note in any other Loan Document shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by by, between or between among the Lender, on the one hand, Credit Parties and the Borrower or any other Person, on the other hand. The Lender Credit Parties shall not be in any way responsible or liable for the debtsindebtedness, losses, obligations or duties of the 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 Periodic Expenses 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 Borrower.

Appears in 1 contract

Samples: Loan Guarantee Agreement (Us Geothermal Inc)

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No Partnership, Etc. The Lender Secured Parties and the Borrower intend that the relationship between them shall be solely that of creditor and debtor. Nothing contained in this Disbursement Agreement or in any of the Project Note other 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 Lender, on the one hand, Secured Parties and the Borrower or any other Person, on the other hand. The Lender Secured Parties shall not be in any way responsible or liable for the debts, losses, obligations or duties of the Borrower or any other Person with respect to the Main 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 Main Project and to perform all obligations under the agreements and contracts relating to the Main Project shall be the sole responsibility of the Borrower.

Appears in 1 contract

Samples: Disbursement Agreement (Aladdin Capital Corp)

No Partnership, Etc. The Lender DOE and the Borrower intend that the relationship between them shall be solely that of creditor guarantor and debtor. Nothing contained in this Loan Guarantee Agreement or the Project Note in any other Financing Document shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by by, between or between the Lender, on the one hand, among DOE and the Borrower or any other Person, on the other hand. The Lender DOE shall not be in any way responsible or liable for the debtsindebtedness, losses, obligations or duties of the Borrower or any other Person with respect to the Project or otherwise. All obligations to pay real property Real Property or other taxes, assessments, insurance premiums, and all other fees and charges Periodic Expenses 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 Borrower.

Appears in 1 contract

Samples: Loan Guarantee Agreement (NRG Yieldco, Inc.)

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