Liabilities and Losses Sample Clauses
The 'Liabilities and Losses' clause defines the responsibilities of each party regarding financial obligations and damages that may arise during the course of the agreement. It typically outlines which party is responsible for compensating the other in the event of losses, damages, or claims resulting from breaches, negligence, or other specified events. This clause serves to allocate risk between the parties, ensuring that liability for unforeseen events is clearly assigned and helping to prevent disputes over who bears the cost of losses.
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Liabilities and Losses. The Peace Corps, its employees, officers, agents, and contractors assume no liability with respect to accidents, bodily injury, illness, breach of contract, or any other damages or loss, with respect to any claims arising out of any activities of the University undertaken under this MOA, whether with respect to persons or property of the University or third parties. The University, its employees, officers, agents, and contractors assume no liability with respect to accidents, bodily injury, illness, breach of contract, or any other damages or loss, with respect to any claims arising out of any activities of the Peace Corps undertaken under this MOA, whether with respect to persons or property of the Peace Corps or third parties.
Liabilities and Losses. Tenant hereby indemnifies Landlord against all liability, loss, cost, damage, or expense sustained by Landlord, including attorney's fees and all expenses of litigation, arising prior to termination of the lease term and delivery to Landlord of possession of the Subject Property for the following reasons:
Liabilities and Losses. Except as reflected in the balance sheet contained in, or otherwise disclosed in, any SEC Document, there are no outstanding liabilities of the Company other than liabilities incurred in the ordinary course of business since the date of such SEC Document.
Liabilities and Losses. The Grantee hereby agrees to release, indemnify and hold harmless the State (including, without limitation, DIT), and their respective members, officers, directors, employees, agents and attorneys (together, the "Indemnified Parties"), from any claims of third parties arising out of any act or omission of the Grantee or any third party in connection with the performance of this Grant Agreement or the Project, and for all losses arising from their implementation. Without limiting the foregoing, the Grantee hereby releases the Indemnified Parties from, and agrees that such Indemnified Parties are not liable for, and agrees to indemnify and hold harmless the Indemnified Parties against, any and all liability or loss, cost or expense, including, without limitation, reasonable attorneys’ fees, fines, penalties and civil judgments, resulting from or arising out of or in connection with or pertaining to, any loss or damage to property or any injury to or death of any person occurring in connection with the Project, or resulting from any defect in the fixtures, machinery, equipment or other property used in connection with the Project or arising out of, pertaining to, or having any connection with, the Project or the financing thereof (whether arising out of acts, omissions, or negligence of the Grantee or of any third party or of any of their agents, contractors, servants, employees, licensees, lessees, or assignees), including any claims and losses accruing to or resulting from any and all subcontractors, material men, laborers and any other person, firm or corporation furnishing or supplying work, services, materials or supplies in connection with the Project.
Liabilities and Losses. Except as disclosed in any SEC Document, there are no outstanding liabilities of the Company other than in the ordinary course of business.
Liabilities and Losses. The Partners shall bear all liabilities, and all losses and expenses properly incurred by the Partnership, in proportion to their Percentage Interests.
Liabilities and Losses. The Partners shall bear all liabilities, and all losses and expenses properly incurred by the Partnership, in proportion to their Percentage Interests. Provided, however, that no Partner shall receive an allocation of losses that would create or increase a deficit in such Partner’s adjusted capital account balance within the meaning of Treas. Reg. Section 1.704-1(b)(2)(ii)(d).
Liabilities and Losses. DOE, by issuing the grants, assumes no liability with respect to any damages or loss arising out of any activities undertaken with financial support of these awards. Neither does the State, by receipt of such financial awards, assume any liabilities for any damages or loss, which would not otherwise attach to any activities of the State.
Liabilities and Losses. Except as disclosed in any SEC Document, there are no outstanding liabilities of the Company other than in the ordinary course of business. The Company’s net losses for the months of January and February, 2008 will not exceed an aggregate amount of $600,000.
Liabilities and Losses. The Peace Corps assumes no liability or responsibility for accidents, bodily injury, illness, breach of contract, or other damages or loss, resulting solely from acts or omissions of the Institution undertaken under this MOA, whether with respect to persons or property of the Institution or third parties. The Institution assumes no liability or responsibility to claims arising out of accidents, bodily injury, illness, breach of contract, or any other damages or loss, resulting solely from any acts or omissions of the Peace Corps undertaken under this MOA, whether with respect to persons or property of the Peace Corps or third parties.