Common use of Personal Liability Limited Clause in Contracts

Personal Liability Limited. The Contractor and the Authority each understand and agrees that there shall be absolutely no personal liability on the part of any of the employees, shareholders, partners, officers, directors, agents, authorized representatives or affiliates of the Authority or the Contractor for the payment of any amounts due hereunder or performance of any obligations hereunder. The Contractor shall look solely to the assets of the Authority for the satisfaction of each and every remedy of the Contractor in the event of any breach by the Authority. The Authority shall look solely to the assets of the Contractor for the satisfaction of each and every remedy of the Authority in the event of any breach by the Contractor.

Personal Liability Limited. The Contractor and the Authority each understand and agrees agree that there shall be absolutely no personal liability on the part of any of the employees, shareholders, partners, officers, directors, agents, authorized representatives or affiliates of the Authority or the Contractor for the payment of any amounts due hereunder or performance of any obligations hereunder. The Contractor shall look solely to the assets of the Authority for the satisfaction of each and every remedy of the Contractor in the event of any breach by the Authority. The Authority shall look solely to the assets of the Contractor for the satisfaction of each and every remedy of the Authority in the event of any breach by the Contractor.