Common use of Non-Assumption of Liabilities Clause in Contracts

Non-Assumption of Liabilities. Manager shall not, by entering into and performing this Agreement, become liable for any of the existing or future obligations, liabilities or debts of Owner, and Manager shall not be managing the Facility assume or become liable for any of the obligations, debts and liabilities of Owner, and Manager will in its role as Manager of the Facility have only the obligation to exercise reasonable care in its management and handling of the funds generated from the operation of the Facility.

Appears in 3 contracts

Samples: Management Agreement (Adcare Health Systems, Inc), Management Agreement (Adcare Health Systems, Inc), Management Agreement (Adcare Health Systems, Inc)

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Non-Assumption of Liabilities. Manager shall not, by entering into and performing this Agreement, become liable for for, and the Agency shall indemnify Manager against, any of the existing or future obligations, liabilities or debts of Ownerthe Agency, unless such liability is primarily caused by the intentional misconduct or gross negligence of Manager, and Manager shall not be managing the Facility assume or become liable for any of the obligations, debts and liabilities of Owner, and Manager will in its role as Manager of the Facility manager have only the an obligation to exercise reasonable care in its the management and handling of the funds generated from the operation of the FacilityAgency.

Appears in 2 contracts

Samples: Efcc Shareholders Agreement (Star Multi Care Services Inc), Efcc Shareholders Agreement (Sternbach Stephen)

Non-Assumption of Liabilities. Manager shall not, by entering into and performing this Agreement, become liable for any of the existing or future obligations, liabilities or debts of OwnerOperator, and Manager shall not be not, by managing the Facility Facility, assume or become liable for any of the obligations, debts and liabilities of Owner, Operator; and Manager will will, in its role as Manager manager of the Facility Facility, have only the obligation to exercise reasonable care in its management and handling of the funds generated from the operation of the Facility.

Appears in 2 contracts

Samples: Management Agreement (Adcare Health Systems, Inc), Management Agreement (Adcare Health Systems, Inc)

Non-Assumption of Liabilities. Manager shall not, by entering into and performing porforming this Agreement, become liable for any of the existing or future obligations, liabilities or debts of Owner, and Manager shall not be managing the Facility Facilities assume or become liable for any of the obligationsobilgations, debts and liabilities of Owner, and Manager will in its role as Manager manager of the Facility Facilities have only the obligation to exercise reasonable care in its management and handling of the funds generated from the operation of the FacilityFacilities.

Appears in 1 contract

Samples: Management Agreement (Newcare Health Corp)

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Non-Assumption of Liabilities. Manager shall not, by entering into and performing this Agreement, become liable for any of the existing or future obligations, liabilities or debts of OwnerOperators, and Manager shall not be managing the Facility assume or become liable for any of the obligations, debts and liabilities of OwnerOperators, and Manager will in its role as Manager of the Facility have only the obligation to exercise reasonable care in its management and handling of the funds generated from the operation of the Facility.

Appears in 1 contract

Samples: Management Agreement (Adcare Health Systems, Inc)

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