PURCHASER'S LIABILITIES. The obligations of the Purchaser under this Agreement are solely the corporate obligations of the Purchaser. No recourse shall be had for any obligation or claim arising out of or based upon this Agreement against any stockholder, employee, officer, director or incorporator of the Purchaser; and provided, however, that this Section 5.13 shall not relieve any such Person of any liability it might otherwise have for its own gross negligence or willful misconduct. The agreements provided in this Section 5.13 shall survive termination of this Agreement.
PURCHASER'S LIABILITIES. The obligations of each Purchaser and the Administrative Agent under the Transaction Documents are solely the corporate obligations of such Person. Except with respect to any claim arising out of the willful misconduct or gross negligence of the Administrative Agent or any Purchaser, no claim may be made by the Seller or the Servicer or any other Person against the Administrative Agent or any Purchaser or their respective Affiliates, directors, officers, employees, attorneys or agents for any special, indirect, consequential or punitive damages in respect of any claim for breach of contract or any other theory of liability arising out of or related to the transactions contemplated by this Agreement or any other Transaction Document, or any act, omission or event occurring in connection therewith; and each of Seller and Servicer hereby waives, releases, and agrees not to sxx upon any claim for any such damages, whether or not accrued and whether or not known or suspected to exist in its favor.
PURCHASER'S LIABILITIES. Other than the indemnity obligations of Huffy and Sellers contained in Article X, Sellers are not by reason of their sale of the Assets assuming any liabilities of Purchaser whatsoever and shall not become liable in any manner for any liabilities of Purchaser. Without limiting the generality of the foregoing, Sellers do not assume, and Purchaser shall be liable for, all liabilities assumed by Purchaser pursuant to the terms of this Agreement.
PURCHASER'S LIABILITIES. Except for Losses caused by the acts or omissions of the Vendor, the Purchaser shall assume and indemnify the Vendor against all other liabilities relating to the ownership, occupancy and use of such Impaired Parcel, including payment of all real property and other taxes associated therewith and performance and discharge of all Assumed Obligations relating to such Impaired Parcel and all Losses which relate to or arise out of the Purchaser's operations or presence on such Impaired Parcel from and after the date of such reconveyance or surrender.
PURCHASER'S LIABILITIES. 4 Assumed Contracts, Purchase Orders, Leases, etc............................................4
PURCHASER'S LIABILITIES. On the Closing Date, Purchaser will ----------------------- assume and be responsible and liable for (i) all obligations and liabilities related to, arising from or associated with ownership, occupancy, use or operation of the Assets from and after the Closing (other than Excluded Liabilities) and (ii) the following obligations and liabilities (collectively, "PURCHASER'S LIABILITIES"):
PURCHASER'S LIABILITIES. The obligations of the Purchaser hereunder are solely the corporate obligations of the Purchaser and no personal liability shall attach to or be incurred by Global Securitization Services LLC or any stockholder, employee, officer, director or incorporator of the Purchaser, and the Transferor and Servicer expressly waive any claim based on such personal liability. No recourse shall be had for an obligation or claim arising out of or based upon this Agreement against Global Securitization Services LLC or against any stockholder, employee, officer, director or incorporator of the Purchaser. This Section 15.15 shall not relieve any such Person of any liability it might otherwise have for its own gross negligence or willful misconduct.
PURCHASER'S LIABILITIES. The obligations of each Purchaser ----------------------- and each Funding Agent under the Transaction Documents are solely the obligations of such Person. No recourse shall be had for any obligation or claim arising out of or based upon any Transaction Document against any stockholder, employee, officer, director or incorporator of such Person; provided, however, -------- ------- that this Section 6.12 shall not relieve any such Person of any liability it ------------ might otherwise have for its own gross negligence or willful misconduct.
PURCHASER'S LIABILITIES. Purchaser shall pay, perform and discharge, and Seller shall not be responsible for, the following liabilities relating to the business conducted by Purchaser at an Acquired Location on and after the Closing Date with respect to such Acquired Location:
PURCHASER'S LIABILITIES. As at the Time of Closing, the Purchaser will not have existing debts or liabilities in excess of $300,000.00.
