Acknowledgement of Liability Sample Clauses
The Acknowledgement of Liability clause serves to formally recognize and accept responsibility for certain actions, omissions, or damages by one party within an agreement. In practice, this clause may specify the exact nature of the liability being acknowledged, such as financial losses, breaches of contract, or specific incidents, and can outline the extent or limitations of that liability. Its core function is to provide clear evidence of responsibility, which can streamline dispute resolution and help prevent future disagreements about fault or obligation.
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Acknowledgement of Liability. As of the date of this Agreement, the Loan Parties owe the Lenders an amount equal to the Existing Debt. Each Loan Party reaffirms all of its obligations under the Loan Documents and hereby forever waives and relinquishes any and all claims, set-offs or defenses such Loan Party may now have with respect to the payment of sums due to Lenders and the performance of other obligations under the Loan Documents. The security interests granted to the Administrative Agent, for its benefit and for the benefit of the Lenders, in the Loan Documents in the Collateral remain perfected, first priority liens. Each Loan Party acknowledges that, as provided by Section 2.4(a) of the Loan Agreement, the Lenders have elected to charge interest at the Default Rate beginning as of November 30, 2022, and shall have the right to continue to do so during the continuance of any Existing Default or any other Event of Default.
Acknowledgement of Liability. As of the date of this Agreement, Borrower owes Bank an amount equal to the Existing Debt. Borrower reaffirms all of its obligations under the Loan Agreement and hereby forever waives and relinquishes any and all claims, offsets or defenses that Borrower may now have with respect to the payment of sums due to Bank and the performance of other obligations under the Loan Agreement. The security interests granted to Bank in the Loan Agreement in the Collateral remain perfected, first priority liens.
Acknowledgement of Liability. As a participant in Spring NYC Bus Trip program I acknowledge and understand that:
Acknowledgement of Liability. Where the promisor either by his conduct or acknowledgement or by part payment or by estoppel creates privity of contract between himself and the stranger, the stranger can sue. Example: Raju pays Shyam 500 rupees to be given to ▇▇▇▇▇▇▇, ▇▇▇▇▇ acknowledges to ▇▇▇▇▇▇▇ that he holds that amount for him. ▇▇▇▇▇▇▇ can recover the amount from Shyam.
Acknowledgement of Liability. The Owner agrees that it is liable to pay to VPCM the Port Charges in accordance with the terms of this Agreement.
Acknowledgement of Liability. The Owner agrees that it is liable to pay to Port of Melbourne the Port Charges in accordance with the terms of this Agreement.
Acknowledgement of Liability. As of the date of this Eighth Amendment, Borrowers owe Lenders an amount equal to the Existing Debt. Each Borrower reaffirms all of its obligations under the Credit Agreement and hereby forever waives and relinquishes any and all claims, set-offs or defenses that any Borrower may now have with respect to the payment of sums due to Agent and the Lenders and the performance of other obligations under the Credit Agreement. The security interests granted to Agent in the Credit Agreement in the Collateral remain perfected, first priority liens.
Acknowledgement of Liability. The parent/legal guardian and student assumes responsibly, and liability of the device being checked out, and agrees that Columbus City School District will not be held liable in any way for the actions of those who have checked out the Chromebook. Parent/legal guardian and student agree to assume the responsibility and liability for any inappropriate or illegal acts associated with using this equipment. These inappropriate uses would include, but are not limited to, software licensing violations, software piracy, and inappropriate or illegal activities carried out in part or whole using email, online chat, online forums, or the Internet. Columbus City Schools does not bear any responsibility or liability for any inappropriate or illegal use of this computer. Parent/legal guardian and student further agree and understand that there is no right of privacy in the use of this computer.
I ACKNOWLEDGE AND UNDERSTAND THESE OBLIGATIONS:
Acknowledgement of Liability. As of the date of this Agreement, Borrower owes Bank an amount equal to the Existing Debt. Borrower reaffirms all of its obligations under the Loan Documents and hereby forever releases, waives and relinquishes any and all claims, off sets or defenses that Borrower may now have with respect, directly or indirectly, to the payment of sums due to Bank, the Bank's origination, disbursement, administration or collection of the Loan and the performance of other obligations under the Loan Documents. The security interests granted to Bank in the Loan Documents in the Collateral remain perfected, first priority liens.
Acknowledgement of Liability. As of the date of this Agreement, Clients owe SHF an amount equal to the Existing Debt. Each Client reaffirms all of its obligations under the Agreement. The security interests granted to SHF in the Agreement in the Collateral remain perfected, first priority liens. Waiver. SHF waives the Events of Default set forth in the Notice of Event of Default dated April 3, 2012. This waiver does not constitute a waiver of any other violations of the Agreement. SHF reserves all rights under the Agreement and applicable law to exercise such remedies. Interest Rate. Beginning September 1, 2012, the Existing Debt shall bear interest at a rate equal to twelve percent (12.0%) per annum.