Conflict of Interests; Representatives Not Individually Liable. No officer or employee of the City may acquire any financial interest, direct or indirect, in this Agreement, the Project or in any contract related to the Borrower. No officer, agent, or employee of the City shall be personally liable to the Borrower or any successor in interest in the event of any default or breach by the City or for any amount that may become due to the Borrower or on any obligation or term of this Agreement.
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Sources: Loan Agreement, Loan Agreement (Biovest International Inc)
Conflict of Interests; Representatives Not Individually Liable. No officer or employee of the City may acquire any financial interest, direct or indirect, in this Agreement, the Project Equipment or in any contract related to the BorrowerEquipment. No officer, agent, or employee of the City shall be personally liable to the Borrower Developer or any successor in interest in the event of any default or breach by the City or for any amount that may become due to the Borrower Developer or on any obligation or term of this Agreement.
Appears in 1 contract