Common use of Debts, Liabilities and Obligations Clause in Contracts

Debts, Liabilities and Obligations. All debts, liabilities and obligations of any of the Parties shall be and shall remain debts, liabilities and obligations of that or those Parties and shall not become debts liabilities and obligations of the other parties or of the Agency. All debts, liabilities and obligations incurred by or on behalf of the Agency shall remain debts, liabilities and obligations of the Agency.

Appears in 3 contracts

Sources: Intergovernmental Agreement, Intergovernmental Agreement, Intergovernmental Agreement