Acquisition of Project. Borrower shall acquire the Project and shall bear the risk with respect to any loss or claim relating to any portion of the Project and shall be liable in respect of its duties and obligations in accordance with any contract entered into in connection with the Project, and neither Lender nor Issuer shall assume any such liability or risk of loss.
Appears in 2 contracts
Sources: Loan and Security Agreement (Intracel Corp), Loan and Security Agreement (Intracel Corp)