Debts, Liabilities and Obligations. a) DAMA-I and CHAPTER acknowledge the independent status of CHAPTER and agree that DAMA-I is not liable, and shall not be held out by CHAPTER as being liable, for any of CHAPTER’s contracts, torts, or other acts or omissions of its Directors or Officers b) DAMA-I shall have no obligation to provide any legal defense for CHAPTER, or its Directors or Officers in the event of any claim against any of them c) DAMA-I and CHAPTER acknowledge the independent status of DAMA-I and agree that CHAPTER is not liable, and shall not be held out by DAMA-I as being liable, for any of DAMA-I’s contracts, torts, or other acts or omissions of its Directors or Officers d) CHAPTER shall have no obligation to provide any legal defense for DAMA-I, or its Directors or Officers in the event of any claim against any of them. e) Disregarding any provisions of this agreement will cause a review by the DAMA-I Board of Directors, and CHAPTER must respond to inquiries by DAMA-I concerning the situation and its resolution
Appears in 3 contracts
Sources: Affiliate Agreement, Affiliation Agreement, Affiliate Agreement