Common use of No Release from Liability Clause in Contracts

No Release from Liability. Except as provided in Section 14.4, nothing in this Article XIV shall be deemed to release either party from liability for damages resulting from the negligence or willful misconduct of such party or from responsibility for repairs necessitated by such negligence or willful misconduct. By requiring insurance as provided herein, neither Lessor nor Lessee represents that coverage and limits will necessarily be adequate to protect Lessee or Lessor, and such coverage and limits shall not be deemed as a limitation of the liability of Lessee or Lessor under any indemnification provisions in this Lease. Failure of Lessor to demand such certificate or other evidence of full compliance with these insurance requirements or failure of Lessor to identify a deficiency from evidence that is provided shall not be construed as a waiver of Lessee’s obligation to maintain such insurance.

Appears in 6 contracts

Samples: Lease Agreement (Arc Logistics Partners LP), Lease Agreement (CorEnergy Infrastructure Trust, Inc.), Membership Interests Purchase Agreement (CorEnergy Infrastructure Trust, Inc.)

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No Release from Liability. Except as provided in Section 14.414.2, nothing in this Article XIV or Exhibit N shall be deemed to release either party Party from liability for damages resulting from the negligence or willful misconduct of such party Party or from responsibility for repairs necessitated by such negligence or willful misconduct. By requiring insurance as provided herein, neither Lessor Landlord nor Lessee Tenant represents that coverage and limits will necessarily be adequate to protect Lessee Tenant or LessorLandlord, and such coverage and limits shall not be deemed as a limitation of the liability of Lessee Tenant or Lessor Landlord under any indemnification provisions in this Lease. Failure of Lessor Landlord to demand such certificate or other evidence of full compliance with these insurance requirements or failure of Lessor Landlord to identify a deficiency from evidence that is provided shall not be construed as a waiver of LesseeTenant’s obligation to maintain such insurance.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Energy XXI LTD), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Lease Agreement (CorEnergy Infrastructure Trust, Inc.)

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