No Partnership Created. It is not the purpose or intention of this Agreement to create (and it shall not be construed as creating) a joint venture, partnership or any type of association, and the Parties are not authorized to act as agent or principal for each other with respect to any matter related hereto.
No Partnership Created. Nothing herein contained shall constitute the Principal as a partner of the Manager or as a partner of the Participants.
No Partnership Created. The parties hereto do not intend to create, and nothing herein shall be construed as creating, a partnership or joint venture for federal income tax purposes. Each party hereto agrees (i) that it does not have, or intend to form, a joint profit motive with any other party hereto or any other person with respect to any Unit, Existing Equipment Sublease or Permitted Sublease, (ii) not to hold itself out to the public as a partner with any other party hereto, (iii) not to share any profits (including rent or any other payments to which it is entitled) or losses with respect to its interest in any Unit, Existing Equipment Sublease or Permitted Sublease, and (iv) that unless (x) otherwise required by the Internal Revenue Service or like governmental authority with jurisdiction over income tax matters (the "Required Position") or (y) such party receives an opinion of its independent tax counsel that there is no "reasonable basis" (within the meaning of Treasury Regulation Section 1.6662-3(b)(3)) to claim that no partnership exists (and such party delivers notice of the receipt of such opinion or notice of the Required Position to the other parties hereto within ten (10) Business Days after its receipt of such opinion or notice of the Required Position), it will not file any partnership or other joint income tax return with respect to items of income, loss, deduction, or credit attributable to its interest in any Unit, Existing Equipment Sublease or Permitted Sublease.
No Partnership Created. Neither this Lease nor the calculation and payment of Base Rent, Additional Rent or any other sums hereunder, is intended to create a partnership or joint venture between Landlord and Tenant, or to create a principal-and-agent relationship between the parties.
No Partnership Created. The rights, liabilities, responsibilities and remedies of the Parties with respect to the subject matter of this Agreement shall be exclusively those expressly set forth herein. Neither Party is, or will represent itself as being, a partner of, or agent (except as expressly provided in this Agreement) or fiduciary for, the other Party with respect to the Transportation Contracts or otherwise.
No Partnership Created. The Landlord and Tenant are not and shall not be considered joint venturers, not partners, and neither shall have power to bind or obligate the other except as set forth herein.
No Partnership Created. This Lease shall not be deemed to give rise to a partnership relationship and neither party shall have authority to obligate or bind the other in any manner whatsoever without the other party's written consent.
No Partnership Created. The Parties expressly agree that the relationship hereby created is that of independent contractors and no other relationship is created or deemed to be created between the Parties. This Agreement specifically does not create any partnership or joint venture between the Parties, or render any party liable for any of the debts or obligations of any other party.
No Partnership Created. Nothing contained in this Agreement shall be construed as constituting a joint venture or partnership between Owner and Operator.
No Partnership Created. Nothing contained in this Agreement shall be construed as constituting a joint venture or partnership between Siemens and Buyer.
