Liability for Indebtedness Clause Samples

Liability for Indebtedness. Cardholder is liable to the Bank for all indebtedness, including indebtedness incurred by any person authorized by such Cardholder, an indebtedness which exceeds the credit limit, as well as indebtedness arising from any loss incurred by the Bank through the use of the Card. Where there is more than one Cardholder, each cardholder shall be jointly and separately liable for all indebtedness. The bank reserves the right to cancel any indebtedness against account(s) of Cardholder with the bank.
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Liability for Indebtedness. After the Closing, unless the Investor shall otherwise consent in writing, no member of the Company Group shall have any liability under or in respect of any indebtedness of any member of the WWC Non-Company Group ("WWC Debt"), and the assets of the Company Group shall not be subject to any Lien under or in respect of any WWC Debt. After the Closing, unless WWC shall otherwise consent in writing, no member of the WWC Non-Company Group shall have any liability under or in respect of any indebtedness of any member of the Company Group ("Company Debt"), and the assets of the WWC Non-Company Group shall not be subject to any Lien under or in respect of any Company Debt.
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Liability for Indebtedness. It is expressly understood and agreed that, except as otherwise provided in this Amended and Restated Agreement, nothing in this Amended and Restated Agreement has the effect of causing either party to assume, guarantee, or become in any way liable for any bond, warrant, note or other indebtedness or obligation of the other party.
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Liability for Indebtedness. If, notwithstanding Clause 19.2(c) (Further Guarantee Provisions), the Guarantee Obligations are determined for any reason (other than the full and final settlement thereof), the Guarantor will remain liable in respect of all indebtedness referred to in Clause 19.1(a) (Guarantee) as at the date of determination (whether demanded or not) and whether or not any other Obligor is then in default under the Senior Finance Documents.
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Liability for Indebtedness. I am liable for all Indebtedness and all interest and fees charged in respect of such Indebtedness (including Indebtedness incurred by any Authorized Person). If any Authorized Person signs a sales or cash advance draft or enters my PIN, or if I or any Authorized Person gives the Visa Account number to conduct a Transaction without presenting the Card (such as by way of mail order, telephone, internet, or any other electronic method), the legal effect shall be the same as if I used the Card and either signed a sales or cash advance draft or entered my PIN. The Primary Cardholder and each Authorized User are jointly and individually liable for all Indebtedness and all interest and fees charged in respect of such Indebtedness.
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Liability for Indebtedness. The business shall be liable to the Bank for all indebtedness, includ- ing indebtedness incurred by any cardholder and indebtedness which exceeds the credit limit. Each cardholder shall be jointly and severally liable with the business as a co-principal debtor for all indebtedness.
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Liability for Indebtedness. The primary cardholder is liable to the Bank for all indebtedness, including indebtedness incurred by any person authorised by such Cardholder and Indebtedness which exceeds the credit limit from all transactions and applicable fees and charges.
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Liability for Indebtedness. If, not withstanding Clause 16.2.3, the Guarantee Obligations are determined for any reason, each Guarantor will remain liable in respect of all indebtedness referred to in Clause 16.1.1 as at the date of determination (whether demanded or not) and whether or not any other Obligor is then in default under the Finance Documents.
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Related to Liability for Indebtedness

  • No Liability for Interest Unless otherwise agreed with the Company, the Warrant Agent shall have no liability for interest on any monies at any time received by it pursuant to any of the provisions of this Agreement or of the Warrant Certificates.

  • Liability for Collateral So long as Collateral Agent and the Lenders comply with reasonable banking practices regarding the safekeeping of the Collateral in the possession or under the control of Collateral Agent and the Lenders, Collateral Agent and the Lenders shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss, damage or destruction of the Collateral.

  • No Liability for Invalidity The Warrant Agent shall have no liability with respect to any invalidity of this Agreement or any of the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon).

  • Liability of the Parties 16.1 Whilst the Parties shall make all reasonable attempts to mitigate loss, each Party (“the indemnifying Party”) shall be liable for and indemnify the others against any expense, liability, loss, claim or proceeding whatsoever arising under any statute or at common law in respect of personal injury to or death of any person whomsoever arising out of or in the course of or caused by any act or omission of that indemnifying Party in respect of its role in the activities of the Joint Committee and/or under this Agreement and /or where acting as Lead Authority . 16.2 Whilst the Parties shall make all reasonable attempts to mitigate loss, each Party (“the indemnifying Party”) shall be liable for and shall indemnify the others against any reasonable expense, liability, loss, claim or proceeding in respect of any injury or damage whatsoever to any property real or personal in so far as such injury or damage arises out of or in the course of or is caused by any act or omission of that indemnifying Party in respect of its role in the activities of the Joint Committee and/or under this Agreement and/or where acting as Lead Authority . 16.3 Whilst the Parties shall make all reasonable attempts to mitigate loss, each Party (“the indemnifying Party”) shall indemnify the others in respect of any reasonable loss caused to each of the other Parties as a direct result of that indemnifying Party’s negligence, wilful default or fraud or that of any of the indemnifying Party’s employees in respect of its role in the activities of the Joint Committee and/or under this Agreement and/or where acting as Lead Authority. 16.4 Where a Party is appointed the Lead Authority under the terms of clause 12 of this Agreement, the other Parties shall each indemnify the Lead Authority on pro rata basis according to the proportions of their respective financial commitments as set out in Clause 10 of this Agreement with the intent that the Lead Authority shall itself be responsible for its own pro-rata share.

  • LIABILITIES OF THE PARTIES 11.1. Should the Buyer breach the terms of payment stipulated in the Contract and corresponding additional agreements, the Buyer shall pay to the Seller liquidated damages of 0.05% of the amount outstanding per full calendar day of the payment delay. Should the Buyer fail to make 100% payment of Goods cost within 2 days of the time stipulated for payment, the Seller has the right, at its sole discretion, to terminate the Contract by written notice to the Buyer and without further liability upon the Seller. Should the Buyer breach the terms of signing of additional agreements both on provisional price and on final one, and the terms of fulfillment of final settlement, indicated in cl.8.3, the Seller reserves the right at its sole discretion, not to nominate the future Goods lots with further postponement of the delivery or decrease of the whole amount under the current Contract and / or to terminate the Contract without further liability upon the Seller. 11.2. The Parties acknowledge that the Seller has a legitimate interest in ensuring prompt and full loading of the stipulated quantity of Goods and that any failure of the Buyer to load the full quantity of Goods at the time specified in the Contract could cause the Seller significant loss and inconvenience. In particular, the Buyer understands that any such failure may cause the Seller to incur costs including, but not limited to, terminal storage charges, railway demurrage and / or infrastructure charges, and / or vessel demurrage in respect of other vessels. Accordingly, should the Buyer fail to load the full quantity of Goods at the time specified in the Contract: 11.2.1. the final price (Pr(F)) of the Goods shall be increased by 0,05% of the Contract value of the unlifted goods, per full calendar day of delay in lifting; and 11.2.2. the Seller shall have the right, at its sole discretion, to cancel the delivery of the unlifted Goods and / or to terminate the Contract without further liability upon the Seller. 11.2.3. Сompensates to the Seller losses suffered, including, but not limited to the following: charges of the Seller for storage of the Goods in the tanks of the terminal and in tanks of park of Ministry of Railways, charges of the Seller for using an infrastructure of the railways, other connected with this charges including demurrage claims of other vessels. 11.3. The Buyer shall exercise reasonable efforts to ensure that: 11.3.1. for vessels carrying persistent oil products as cargo, the vessel carries on board a certificate of insurance as described in the Civil Liability Convention for Oil Pollution Damage; and 11.3.2. the vessel has in place insurance cover for oil pollution no less in scope and amounts than available under the Rules of P&I Clubs entered into the International Group of P&I Clubs. 11.3.3. the vessel shall comply with the requirements of the International Ship and Port Facility Security Code and the relevant amendments to chapter XI of SOLAS (ISPS Code). 11.4. The Seller shall procure that the loading port/terminal/installation shall comply with the requirements of the International Ship and Port Facility Security Code and the relevant amendments to Chapter XI of SOLAS (ISPS Code).