Debts and Obligations Sample Clauses
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Debts and Obligations. The parties represent and warrant to each other that they have not incurred any bills, debts or obligations for which the other may be liable. Neither party shall contract in the name of the other, nor in any way bind the other for any debts or obligations. If debts or obligations are incurred by either party on behalf of the other, contrary to the provisions of the preceding paragraph, he or she shall indemnify the other from all claims, costs, expenses, damages and actions arising from those debts or obligations. The parties acknowledge that all liabilities and debts which the parties currently are responsible for are listed in the respective attached schedules. The parties acknowledge that both must be in agreement before any relative or friend of either party resides in the family home. In the event that this occurs, then the related party shall be responsible for the support and costs of the relative or friend.
Debts and Obligations. Neither the City nor the District shall be liable for any debts or obligations of the other.
Debts and Obligations. Gulfstream shall pay and discharge or cause to be paid and discharged promptly all debts and obligations of Gulfstream as they come due; provided that Gulfstream may in good faith contest, by proper legal actions or proceedings, the validity or amount of any such debt or obligation and, for the duration of such contest, Gulfstream’s obligation pursuant to this paragraph (a) shall be suspended;
Debts and Obligations. The loans, credit facilities and other borrowings or indebtedness of any nature whatsoever, including Intercompany Debt, (hereinafter the FINANCIAL FACILITIES), that have been contracted or incurred by BEA are listed in EXHIBIT 12.7.1 of this Agreement. They will be shown in the Closing Financial Statements.
Debts and Obligations. The Authority is authorized to incur debts, liabilities, or obligations payable solely from the revenues derived from the provision of Treated Water or from any other available funds of the Authority.
Debts and Obligations. Party 1 and Party 2 acknowledge and agree that each party shall be responsible for all debts incurred in her or his respective names from the date of separation and neither shall incur any debt or liability on the credit of the other, and each shall pay her and his own debts and will at all times keep indemnified the other from all debts and liabilities contracted by her or him. Party 1 or 2
Debts and Obligations. CRC has paid, or will pay, all --------------------------- debts and performed or will perform all material obligations required as of the Effective Date of the Merger under the terms of all Contracts.
Debts and Obligations. [ ] Each of the Parties shall pay all debts incurred by them after the date of this Agreement and shall indemnify the other party against liability for the same. [ ]The Parties aver that there are no other joint marital debts of the marriage unless mentioned herein. Each Party shall be responsible for the debt incurred in his or her name. The Parties hereby warrant that they have not accrued any debt in the other Party’s name that has not been disclosed. [ ] [Spouse One/Spouse Two] shall be solely responsible for the following debt(s): __________________________________________________________________________________________________________________________________________________________________________ [ ] [Spouse One/Spouse Two] shall be solely responsible for the following debt(s): __________________________________________________________________________________________________________________________________________________________________________
Debts and Obligations. Except as otherwise provided in the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member.
Debts and Obligations. Neither the District nor the RFA, except as expressly stated in this Agreement, or as required by law, shall be liable for any debts or obligations of the other party.