Personal liability of signatory Sample Clauses

Personal liability of signatory. If the PURCHASER is to be a company or close corporation still to be incorporated, the person signing this document on behalf of the company or close corporation to be incorporated, hereby warrants in his personal capacity that the company or close corporation will timeously be properly incorporated or formed and will timeously take the necessary steps to make this Agreement binding on it. Should the said warranty be breached, then without prejudice to the SELLER's other rights, the person signing this document on behalf of the said company or close corporation will be personally obliged to carry out each and every obligation imposed upon the PURCHASER in this document.
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Personal liability of signatory. 16.7.1. If the Purchaser is to be a company, close corporation or trust still to be incorporated or formed, the person signing this document on behalf of the company or close corporation to be incorporated or trust to be formed, hereby warrants in his personal capacity that the company, close corporation or trust will timeously be properly incorporated or formed and will timeously take the necessary steps to make this agreement binding on it. Without prejudice to the Developer’s rights, if transfer is delayed by the said signatory not undertaking the said steps timeously the interest contemplated in clause5.1 above will become payable by the Purchaser. Should the said warranty be breached the person signing this document on behalf of the said company, close corporation or trust will be personally obliged to carry out each and every obligation imposed upon the Purchaser in this document.
Sample 1
Personal liability of signatory. 24.7.1 If the purchaser is to be a company or close corporation still to be incorporated or is concluded as a stipulatio alterii for a trust to be formed, the person signing this document on behalf of the company or close corporation to be incorporated or trust to be formed, hereby warrants in his personal capacity that the company, close corporation or trust will timeously be properly incorporated or formed and will timeously take the necessary steps to make this agreement binding on it. Without prejudice to the seller's other rights, if transfer is delayed by the said signatory not undertaking the said steps timeously the interest contemplated in
Sample 1
Personal liability of signatory. If the Purchaser is to be a company still to be incorporated, the person signing this document on behalf of the company to be incorporated, hereby warrants in his personal capacity that the company will timeously be properly incorporated or formed and will timeously take the necessary steps to make this Agreement binding on it. Should the said warranty be breached, then without prejudice to the Seller's other rights, the person signing this document on behalf of the said company will be personally obliged to carry out each and every obligation imposed upon the Purchaser in this document.
Sample 1

Related to Personal liability of signatory

  • Personal Liability 14.1 In the case of a Fund organized as a Massachusetts business trust, a copy of the Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Board of Trustees of the Fund as Trustees and not individually and that the obligations of this instrument are not binding upon any of the Trustees or shareholders individually but are binding only upon the assets and property of the Fund; provided, however, that the Declaration of Trust of the Fund provides that the assets of a particular Series of the Fund shall under no circumstances be charged with liabilities attributable to any other Series of the Fund and that all persons extending credit to, or contracting with or having any claim against, a particular Series of the Fund shall look only to the assets of that particular Series for payment of such credit, contract or claim.

  • Coverage E – Personal Liability If a claim is made or a suit is brought against an "insured" for damages because of "bodily injury" or "property damage" caused by an "occurrence" to which this coverage applies, we will:

  • No Personal Liability No officer, agent or employee of the City shall be personally responsible for any liability arising under this Agreement, whether expressed or implied, nor for any statement or representation made or in any connection with this Agreement.

  • Waiver of Personal Liability No member, officer, agent or employee of the Issuer or any of its program participants or any director, officer, agent or employee of the Borrower shall be individually or personally liable for the payment of any principal (or redemption price) or interest on the Bonds or any other sum hereunder or be subject to any personal liability or accountability by reason of the execution and delivery of this Loan Agreement; but nothing herein contained shall relieve any such member, director, officer, agent or employee from the performance of any official duty provided by law or by this Loan Agreement.

  • Personal Liability of Public Officials In carrying out any of the provisions of this Contract or in exercising any power or authority granted to them hereby, there shall be no liability upon any Board member, official, their authorized representative, or any employee of the Authority, either personally or in their capacities as Board members or officials of the Authority, it being understood that in such matters they act as agents and representatives of the Authority.

  • Joint and Several Liability; Signatories; Successors and Assigns Bound Borrower’s obligations and liability under this Security Instrument will be joint and several. However, any Borrower who signs this Security Instrument but does not sign the Note: (a) signs this Security Instrument to mortgage, grant, and convey such Borrower’s interest in the Property under the terms of this Security Instrument; (b) signs this Security Instrument to waive any applicable inchoate rights such as dower and curtesy and any available homestead exemptions; (c) signs this Security Instrument to assign any Miscellaneous Proceeds, Rents, or other earnings from the Property to Lender; (d) is not personally obligated to pay the sums due under the Note or this Security Instrument; and (e) agrees that Lender and any other Borrower can agree to extend, modify, forbear, or make any accommodations with regard to the terms of the Note or this Security Instrument without such Borrower’s consent and without affecting such Borrower’s obligations under this Security Instrument. Subject to the provisions of Section 19, any Successor in Interest of Borrower who assumes Xxxxxxxx’s obligations under this Security Instrument in writing, and is approved by Xxxxxx, will obtain all of Borrower’s rights, obligations, and benefits under this Security Instrument. Borrower will not be released from Borrower’s obligations and liability under this Security Instrument unless Xxxxxx agrees to such release in writing.

  • Indemnification and General Liability Section 10.4 Required Post-Expiration Coverage.

  • Professional Liability (Errors and Omissions) For consultant contracts, insurance appropriate to Consultant’s profession, with limit no less than $1,000,000 per occurrence or claim, $2,000,000 aggregate. If Contractor maintains broader coverage and/or higher limits than the minimums shown above, City requires and shall be entitled to the broader coverage and/or the higher limits maintained by Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to City.

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