Common use of RELATIONSHIP OF PARTICIPANTS Clause in Contracts

RELATIONSHIP OF PARTICIPANTS. 30.1 The covenants, obligations and liabilities of the Participants are intended to be several and not joint or collective and nothing herein contained shall ever be construed to create an association, joint venture, trust or partnership, or to impose a trust or partnership covenant, obligation or liability on or with regard to any one or more of the Participants. Each Participant shall be individually responsible for its own covenants, obligations and liabilities as herein provided. No Participant or group of Participants shall be under the control of or shall be deemed to control any other Participant or the Participants as a group. No Participant shall be the agent of or have a right or power to bind any other Participant without its express written consent, except as expressly provided in this Participation Agreement or other Project Agreements.

Appears in 2 contracts

Samples: Participation Agreement (El Paso Electric Co /Tx/), Participation Agreement (El Paso Electric Co /Tx/)

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RELATIONSHIP OF PARTICIPANTS. 30.1 41.1 The covenants, obligations and liabilities of the Participants are intended to be several and not joint or collective collective, and nothing herein contained shall ever be construed to create an association, joint venture, trust or partnership, or to impose a trust or partnership covenant, obligation or liability on or with regard to any one or more of the ParticipantsPar-ticipants. Each Participant shall be individually responsible for its own covenants, obligations and liabilities as herein provided. No Participant or group of Participants shall be under the control of or shall be deemed to control any other Participant or the Participants as a group. No Participant shall be the agent of or have a right or power to bind any other Participant without with-out its express written consent, except as expressly provided in this Participation Agreement or other Project Agreementsherein.

Appears in 2 contracts

Samples: Sales Agreement (Public Service Co of New Mexico), Sales Agreement (Public Service Co of New Mexico)

RELATIONSHIP OF PARTICIPANTS. 30.1 41.1 The covenants, obligations and liabilities of the Participants are intended to be several and not joint or collective collective, and nothing herein contained shall ever be construed to create an association, joint venture, trust or partnership, or to impose a trust or partnership covenant, obligation or liability on or with regard to any one or more of the Participants. Each Participant shall be individually responsible for its own covenants, obligations and liabilities as herein provided. No Participant or group of Participants shall be under the control of or shall be deemed to control any other Participant or the Participants as a group. No Participant shall be the agent of or have a right or power to bind any other Participant without its express written consent, except as expressly provided in this Participation Agreement or other Project Agreementsherein.

Appears in 1 contract

Samples: Sales Agreement (Public Service Co of New Mexico)

RELATIONSHIP OF PARTICIPANTS. 30.1 27.1 The covenants, obligations and liabilities of the Participants are intended to be several and not joint or collective and nothing herein contained shall ever be construed to create an association, joint venture, trust or partnership, or to impose a trust or partnership covenant, obligation obli­gation or liability on or with regard to any one or more of the Participants. Each Participant shall be individually responsible for its own covenants, obligations and liabilities as herein provided. No Participant or group of Participants shall be under the control of or shall be deemed to control any other Participant or the Participants as a group. No Participant shall be the agent of or have a right or power to bind any other Participant without its express written consent, except as expressly provided in this Participation Agreement or other Project Agreements.

Appears in 1 contract

Samples: Participation Agreement (El Paso Electric Co /Tx/)

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RELATIONSHIP OF PARTICIPANTS. 30.1 22.1. The covenants, obligations and liabilities of the Participants are intended to be several and not joint or collective collective, and nothing herein contained shall ever be construed to create an association, joint venture, trust or partnership, or to impose a trust or partnership covenant, obligation or liability on or with regard to any one or more of the Participants. Each Participant shall be individually responsible for its own covenants, obligations and liabilities as herein provided. No Participant or group of Participants shall be under the control of or shall be deemed to control any other Participant or the Participants as a group. No Participant shall be the agent of or have a right or power to bind any other Participant without its express written consent, except as expressly provided in this Participation Agreement or other the Project Agreements.,

Appears in 1 contract

Samples: Tenancy Agreement

RELATIONSHIP OF PARTICIPANTS. 30.1 The covenants, obligations obligations, and liabilities of the Participants are intended to be several and not joint or collective and nothing herein contained shall ever be construed to create an association, joint venture, trust trust, or partnership, partnership or to impose a trust or partnership covenant, obligation obligation, or liability on or with regard to any one or more of the Participants. Each Participant shall be individually responsible for its own covenants, obligations obligations, and liabilities as herein provided. No Participant or group of Participants shall be under the control of or shall be deemed to control any other Participant or the Participants as a group. No Participant shall be the agent of or have a right or power to bind any other Participant without its express written consent, except as expressly provided in this Participation Agreement or other the Project Agreements.

Appears in 1 contract

Samples: Participation Agreement (El Paso Electric Co /Tx/)

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