Common use of No Predecessor Liability Clause in Contracts

No Predecessor Liability. The Company specifically acknowledges and agrees that (a) Funds Distributor does not accept or assume any liabilities, and do not agree to pay, perform :;)r discharge any indemnification obligations, under the Agreement resulting from actions of Xxxxxxxx prior to the date upon which the Agreement was assigned from Xxxxxxxx to Funds Distributor, and (b) the Company shall seek indemnification from Xxxxxxxx, and not from Funds Distributor or any of its affiliates, for all claims, suits, actions, losses, damages, liabilities, costs, and expenses of any nature whatsoever resulting from actions of Xxxxxxxx prior to the date upon which the Agreement is assigned from Xxxxxxxx to Funds Distributor.