Principal Liability Sample Clauses

Principal Liability. Any signatory for a proprietary company Client will be and remain personally responsible for the due performance of the Client’s obligations as if the signatory was the client. If required by the Contractor, the signatory will procure the execution by all Client company directors of a guarantee to be prepared by or on behalf of the Contractor.
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Principal Liability. That to give full effect to the provisions of this Guarantee and Indemnity the Guarantors hereby waive all rights inconsistent with the provisions of this Guarantee and Indemnity and which the Guarantors might otherwise as surety be entitled to claim and enforce, and the Guarantors declare that the Bank shall be at liberty to act as though the Guarantors were the principal debtors for all sums guaranteed by the Guarantors as aforesaid;
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Principal Liability. Each Principal and the respective Shareholder that such Principal controls, from time to time, shall be jointly and severally liable under this Agreement.
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Principal Liability that to give full effect to the provisions of this Guarantee and Indemnity: -
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Principal Liability. Without limiting the other limitations on liability set forth in this Article IX, Xxx Xxxx shall not be liable for more than 70% of any indemnifiable Loss that may be recovered by the Purchaser Indemnified Parties, and Xxxxx Xxxxx shall not be liable for more than 30% of any indemnifiable Loss that may be recovered by the Purchaser Indemnified Parties.
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Principal Liability. 14 5.13 Amendment............................................................................... 15
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Principal Liability. Each Principal agrees to be liable for the payment and performance by himself and his Authorized Users, and any Trading Party Controlled solely by him, and its Authorized Users, of their obligations hereunder. Each Principal further agrees to be liable for the payment of his Pro Rata Share of any Minimum Fees owed by any Trading Parties other than Principals under this Agreement. In addition, any other Person who becomes an equity owner in any Trading Party, other than as an owner of a Subordinate Interest, (such Person, a "New Equity Owner") shall become a party to this Agreement for the purposes of agreeing to be responsible for such Person's Pro Rata Share, if any, of any Minimum Fees owed by such Trading Party under this Agreement and shall place a corresponding amount of property into the Execution Escrow Account established pursuant to the Escrow Agreement (it being understood that each Principal shall remain liable to PSC for his Pro Rata Share of the Minimum Fees). For the purposes of determining liability of the Principals to PSC, the term "Pro Rata Share" shall mean: Burch 17.6470%, Jamail 41.1765% and Kershner 41.1765%. For the purpxxxx of determining the amounts each Xxx Xxxity Owner shall contribute to the Execution Escrow Account (which contributed amounts shall be the respective amounts for which each New Equity Owner is liable to PSC in respect of the Minimum Fees) and the relative amounts each such New Equity Owner shall owe to the Principals with respect to any Minimum Fees, such New Equity Owner's Pro Rata Share shall equal such New Equity Owner's equity interest (other than any Subordinate Interest) in the Trading Party. For the purposes of this Section, the term "Subordinate Interest" shall mean an equity interest that is designated as a "Class B" or subordinate interest or is otherwise subordinate to the equity interest (other than a general partnership or similar equity interest) having the greatest relative rights and privileges. No Principal shall have any liability under this Agreement except as specifically provided in this Section. No Person whose only equity interest in a Trading Party is a Subordinate Interest shall be required to become a party to this Agreement or to incur any liability hereunder.
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Related to Principal Liability

  • Individual Liability If the Borrower is a natural person, the Bank may proceed against the Borrower's business and non-business property in enforcing this and other agreements relating to this loan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this and other agreements relating to this loan.

  • Total Liability Subject to section 9 and section 10, LogRhythm’s total cumulative liability in connection with this Agreement, the Products, Cloud Services and any related services, whether in contract or tort (including negligence) or otherwise, will not exceed a sum equal to 1.25 times the amount of fees (including Support Services Fees (if any)) paid or payable by Customer to Authorized Reseller during the twelve (12) month period preceding the events giving rise to such liability or five thousand British pounds (GBP£5,000), whichever is the higher.

  • Environmental Liability Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect:

  • No Additional Liability Nothing in this Coordination Agreement shall impose any liability or obligation on the part of any party to this Coordination Agreement to make any payment or disbursement in addition to any liability or obligation such party has under the Program Documents, except to the extent that a party has actually received funds which it is obligated to disburse pursuant to this Coordination Agreement.

  • Contractual Liability Liability for payments under the Plan shall be the responsibility of the:

  • Unconditional Liability Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

  • Professional Liability Before commencing work on this Agreement and throughout the term of this Agreement, the Party shall procure and maintain professional liability insurance for any and all services performed under this Agreement, with minimum coverage of $1,000,000 per occurrence, and $3,000,000 aggregate.

  • General Liability Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001); (2)

  • 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.

  • Automobile Liability $1,000,000 per accident for bodily injury and property damage.

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