Self-Assumption Sample Clauses
The Self-Assumption clause establishes that a party agrees to take on certain risks, responsibilities, or liabilities themselves, rather than transferring them to another party. In practice, this means that if a loss, damage, or obligation arises within the scope of the agreement, the party with the self-assumption clause will bear the consequences directly, such as covering costs or managing claims without seeking compensation from others. This clause is commonly used to clarify which risks each party is expected to manage independently, thereby reducing disputes and ensuring that risk allocation is transparent and agreed upon in advance.
POPULAR SAMPLE Copied 2 times
Self-Assumption. Any self-insured retention, deductibles and exclusions in coverage in the policies required under this Article shall be assumed by, for the account of and at the sole risk of Seller or the subcontractor which provides the insurance and to the extent applicable shall be paid by such Seller or subcontractor. In no event shall the liability of Seller or any subcontractor thereof be limited to the extent of any of the minimum limits of insurance required herein.
Self-Assumption. Any self-insured retention, deductibles, and exclusions in coverage in the policies required under clause 17 (Seller’s Insurance) shall be assumed by, for the account of, and at the sole risk of Seller or the Subcontractor that provides the insurance and, to the extent applicable, shall be paid by such Seller or Subcontractor. In no event shall the liability of Seller or any Subcontractor be limited to the extent of any of the minimum limits of insurance required under clause 17 (Seller’s Insurance).
Self-Assumption. Any self insured retention, deductibles, and exclusions in coverage in the policies required under this Exhibit D shall be assumed by, for the account of, and at the sole risk of Contractor or the Subcontractor which provides the insurance and, to the extent applicable, shall be paid by such Contractor or Subcontractor. In no event shall the liability of Contractor or any Subcontractor be limited to the extent of any of the minimum limits of insurance required under this Contract. EXHIBIT D TO SUBLEASE AGREEMENT LANDLORD CONSENT ---------------- The undersigned Landlord under the Lease Agreement dated as of September 30, 1997, hereby consents, as contemplated in paragraph 18 of such Lease Agreement, to the foregoing Sublease Agreement (all of the defined terms of which are used herein with the same meaning as they are given there) and all of the terms and conditions contained therein on the express condition that The Boeing Company remains fully liable under the Lease Agreement to perform all of the obligations of the Lessee. Landlord expressly acknowledges that the Lease Agreement is in full force and effect and that Landlord is not aware of any default by the Tenant or the Landlord thereunder. This Consent shall apply only to this Sublease Agreement and shall not be deemed to be either (a) a consent to any other sublease or assignment or (b) a release from or waiver of the obligation to obtain Landlord's consent in the event of any future sublease or assignment. Subject to Landlord's review of Sublessee's plans and specifications pursuant to Exhibits C-l and C-2 of the foregoing Sublease Agreement, Landlord hereby consents to the performance of Sublessee's Work and agrees that Sublessee shall not be required to remove Sublessee's Work upon termination of the Lease Agreement and/or Sublease Agreement, except that Landlord expressly reserves the right to require removal of improvements that are unique to Sublessee's use or are not likely to be usable by any future office tenant. Landlord further agrees to the following:
1. Landlord shall not exercise any termination or partial termination rights it may have under Article 18.1 of the Lease Agreement as a result of a Permitted Transfer (as that term is defined in Paragraph 12 of the foregoing Sublease Agreement), and