Common use of Non-Liability of Officials and Employees of Agency Clause in Contracts

Non-Liability of Officials and Employees of Agency. No member, official or employee of Agency or Developer shall be personally liable to the other Party, or any successor in interest, in the event of any Default or breach by Agency or Developer or for any amount which may become due to Agency or Developer or their successors, or on any obligations under the terms of this Agreement. Agency and Developer hereby waive and release any claim they may have against the members, officials or employees of Agency or Developer with respect to any Default or breach by Agency or Developer or for any amount which may become due to Agency or Developer or their successors, or on any obligations under the terms of this Agreement. Agency and Developer make such release with full knowledge of Civil Code Section 1542 and hereby waive any and all rights thereunder to the extent of this release, if such Section 1542 is applicable. Section 1542 of the Civil Code provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”

Non-Liability of Officials and Employees of Agency. No member, official or employee of Agency or Developer Manager shall be personally liable to the other Party, or any successor in interest, in the event of any Default or breach by Agency or Developer Manager or for any amount which may become due to Agency or Developer Manager or their successors, or on any obligations under the terms of this Agreement. Agency and Developer Manager hereby waive and release any claim they may have against the members, officials or employees of Agency or Developer Manager with respect to any Default or breach by Agency or Developer Manager or for any amount which may become due to Agency or Developer Manager or their successors, or on any obligations under the terms of this Agreement. Agency and Developer Manager make such release with full knowledge of Civil Code Section 1542 and hereby waive any and all rights thereunder to the extent of this release, if such Section 1542 is applicable. Section 1542 of the Civil Code provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”

Non-Liability of Officials and Employees of Agency. No member, official or employee of Agency or Developer shall be personally liable to the other Party, or any successor in interest, in the event of any Default or breach by Agency or Developer or for any amount which may become due to Agency or Developer or their successors, or on any obligations under the terms of this Reimbursement Agreement. Agency and Developer hereby waive and release any claim they may have against the members, officials or employees of Agency or Developer with respect to any Default or breach by Agency or Developer or for any amount which may become due to Agency or Developer or their successors, or on any obligations under the terms of this Reimbursement Agreement. Agency and Developer make such release with full knowledge of Civil Code Section 1542 and hereby waive any and all rights thereunder to the extent of this release, if such Section 1542 is applicable. Section 1542 of the Civil Code provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”

Non-Liability of Officials and Employees of Agency. No member, official or employee of Agency City or Developer shall be personally liable to the other Party, or any successor in interest, in the event of any Default or breach by Agency City or Developer or for any amount which may become due to Agency City or Developer or their successors, or on any obligations under the terms of this Reimbursement Agreement. Agency City and Developer hereby waive and release any claim they may have against the members, officials or employees of Agency City or Developer with respect to any Default or breach by Agency City or Developer or for any amount which may become due to Agency City or Developer or their successors, or on any obligations under the terms of this Reimbursement Agreement. Agency City and Developer make such release with full knowledge of Civil Code Section 1542 and hereby waive any and all rights thereunder to the extent of this release, if such Section 1542 is applicable. Section 1542 of the Civil Code provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”

Non-Liability of Officials and Employees of Agency. No member, official or employee of Agency or Developer Construction Manager shall be personally liable to the other Party, or any successor in interest, in the event of any Default or breach by Agency or Developer Construction Manager or for any amount which may become due to Agency or Developer Construction Manager or their successors, or on any obligations under the terms of this Agreement. Agency and Developer Construction Manager hereby waive and release any claim they may have against the members, officials or employees of Agency or Developer Construction Manager with respect to any Default or breach by Agency or Developer Construction Manager or for any amount which may become due to Agency or Developer Construction Manager or their successors, or on any obligations under the terms of this Agreement. Agency and Developer Construction Manager make such release with full knowledge of Civil Code Section 1542 and hereby waive any and all rights thereunder to the extent of this release, if such Section 1542 is applicable. Section 1542 of the Civil Code provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”