Liability of Association Clause Samples

Liability of Association. The Association shall reinsure the Member's Minnesota workers' compensation liability and shall indemnify the Member for 100 percent of the amount of ultimate loss arising out of each occurrence compensable under Minn. Stat. Ch. 176 to the extent that the ultimate loss exceeds the Member's retention limit in effect at the time of the loss occurrence and subject to the terms and conditions of the Enabling Act, the Plan, and the Operating Rules. Ref: Minn. Stat. Section 79.34, subd. 2. Plan, Article VI.A.
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Liability of Association. The officers and members of the Board of Directors of the ASSOCIATION are, with respect to this Agreement, acting on behalf of the lot owners of the Property and shall have no personal liability hereunder (except as lot owners) and each lot owner's liability hereunder shall be limited to such proportion of the total liability hereunder as his interest in the Common Areas and Facilities of the Property bears to the interest of all owners in the Common Areas and Facilities ASSOCIATION and MANAGER incase of dispute of this contract parties agree to jurisdiction of Orange County.
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Liability of Association. The Homeowner’s Association (as successor to Tenant) shall in all events, be liable to Landlord for the Rent and compliance with all covenants hereunder by Unit owners, and Landlord shall be entitled to a judgment for damages against the Homeowner’s Association for the failure to pay Rent or otherwise comply with the provisions of this Lease, without respect as to whether or not the Unit owners fail to pay their respective shares of the Rent.
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Liability of Association. 1 B. Member's Duties.................................................................................................. 1
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Liability of Association. In the event of a work stoppage not authorized by the Association, the County shall not hold the Association liable for damages provided that the Association has complied with this Article.
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Related to Liability of Association

  • Liability of Shareholders Notice is hereby given that, as provided by applicable law, the obligations of or arising out of this Agreement are not binding upon any of the shareholders of the Trust individually but are binding only upon the assets and property of the Trust and that the shareholders shall be entitled, to the fullest extent permitted by applicable law, to the same limitation on personal liability as shareholders of private corporations for profit.

  • Liability of Company The Indemnitee agrees that neither the stockholders nor the directors nor any officer, employee, representative or agent of the Company shall be personally liable for the satisfaction of the Company's obligations under this Agreement and the Indemnitee shall look solely to the assets of the Company for satisfaction of any claims hereunder.

  • Liability of a Member The liability of each Member shall be limited as provided in the Delaware Act and as set forth in this Agreement. No Member shall be obligated to restore by way of Capital Contribution or otherwise any deficits in its Capital Account (if such deficits occur).

  • Liability of Adviser In the absence of (i) willful misfeasance, bad faith or gross negligence on the part of the Adviser in performance of its obligations and duties hereunder, (ii) reckless disregard by the Adviser of its obligations and duties hereunder, or (iii) a loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services (in which case any award of damages shall be limited to the period and the amount set forth in Section 36(b)(3) of the Investment Company Act of 1940, as amended ("1940 Act"), the Adviser shall not be subject to any liability whatsoever to the Fund, or to any shareholder of the Fund, for any error or judgment, mistake of law or any other act or omission in the course of, or connected with, rendering services hereunder including, without limitation, for any losses that may be sustained in connection with the purchase, holding, redemption or sale of any security on behalf of the Portfolio.

  • Liability of Sub-Adviser The Sub-Adviser shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Adviser or the Trust in connection with the performance of this Agreement, except that the Sub-Adviser shall be liable to the Adviser or the Trust for any loss resulting from a breach of fiduciary duty with respect to the receipt of compensation for services or any loss resulting from willful misfeasance, bad faith or negligence on the part of the Sub-Adviser in the performance of its duties or from reckless disregard by it of its obligations and duties under this Agreement.