Cesser of Liability Sample Clauses

The CESSER OF LIABILITY clause defines the point at which a party’s legal responsibility under a contract ends. Typically, this clause specifies that once certain conditions are met—such as delivery of goods, payment, or completion of services—the party is no longer liable for subsequent losses, damages, or obligations related to the contract. Its core function is to provide certainty and limit ongoing exposure to risk, ensuring that parties are not indefinitely responsible for issues arising after their contractual duties have been fulfilled.
Cesser of Liability. The liability of the Seller shall cease and any subsisting claim which relates to the business or assets of any member of the Target Group shall be withdrawn upon that member of the Target Group or its business or substantially all of its assets ceasing for any reason within the twelve months after the date of Closing to be directly or indirectly controlled by Abbot.
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Cesser of Liability in respect of covenants
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Related to Cesser of Liability

  • Indemnity; Limitation of Liability As an officer of the Company, the Executive shall be entitled to indemnity and limitation of liability as provided pursuant to the Company’s Articles of Incorporation, bylaws and any other governing document, as the same shall be amended from time to time.

  • Limit of Liability Under no circumstances will the Company or an Affiliate be liable for any indirect, incidental, consequential or special damages (including lost profits) of any form incurred by any person, whether or not foreseeable and regardless of the form of the act in which such a claim may be brought, with respect to the Plan.

  • Disclaimer of Liability NASA is not restricted in, or liable for, the use, disclosure, or reproduction of Data without a restrictive notice or for Data Partner gives, or is required to give, the U.S. Government without restriction.

  • WARRANTY; LIMITATION OF LIABILITY ViaCord warrants that it will use commercially reasonable efforts to perform the Testing Services as described in this Exhibit. ▇▇▇▇▇▇▇ MAKES NO OTHER WARRANTIES OF ANY KIND WHATSOEVER, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE OR MERCHANTABILITY WITH RESPECT TO ITS SERVICES, WHICH WARRANTIES ARE EXPRESSLY DISCLAIMED.

  • Extent of Liability Notwithstanding anything to the contrary contained herein, with respect to the indemnification obligations of the Funds provided in this Section4.03, each Fund shall be: (i) severally, and not jointly and severally, liable with each of the other Funds; and (ii) liable only for its pro rata share of such liabilities, determined with reference to such Fund's proportionate interest in the aggregate of assets held by the Custodian in the Account with respect to which such liability relates at the time such liability was incurred, as reflected on the books and records of the Funds.