Liability of Joint Venturers Clause Samples

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Liability of Joint Venturers. The obligations of the Joint Venturers hereunder are joint obligations and, in establishing that any breach of the obligations of the Joint Venturers or any of them under this Agreement has occurred, proof against any one or more of the Joint Venturers shall be sufficient proof as against all Joint Venturers. However, the liability of each individual Joint Venturer for any sum of money found to be payable in respect of any such breach or otherwise payable under this Agreement (including, but not limited to, ▇▇▇▇▇▇▇ ▇▇, ▇▇, ▇▇ ▇▇▇ ▇▇) ▇▇▇▇▇ ▇▇ limited to the percentage interest of that Joint Venturer in this Agreement as varied or adjusted from time to time pursuant to Clause 28.
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Liability of Joint Venturers. The obligations of the Joint Venturers hereunder are joint obligations and, in establishing that any breach of the obligations of the Joint Venturers or any of them under this Agreement has occurred, proof against any one or more of the Joint Venturers shall be sufficient proof as against all Joint Venturers. However, the liability of each individual Joint Venturer for any sum of money found to be payable in respect of any such breach or otherwise payable under this Agreement (including, but not limited to, Clauses 26, 32, 33 and 35) shall be limited to the percentage interest of that Joint Venturer in this Agreement as varied or adjusted from time to time pursuant to Clause 28.
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Liability of Joint Venturers. No Party shall be liable, responsible or accountable in damages or otherwise to any other Party for any act or omission performed or omitted to be performed in good faith and pursuant to the authority granted to the Party by this Agreement, unless the act or failure to act is attributable to fraud, gross negligence or willful misconduct on that Party's part.
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Liability of Joint Venturers. The Joint Venturers shall be liable only for their own willful misfeasance and bad faith, and no one who is not a party to this Agreement shall have any rights whatsoever under this Agreement against the Agents for any action taken or not taken by them.
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Liability of Joint Venturers. Except as otherwise provided in this Agreement or the Act, each Additional General Partner shall be jointly and severally liable for the debts and obligations of the Joint Venture. In addition, each Additional General Partner shall be jointly and severally liable for any wrongful acts or omissions of the Joint Venture Manager and/or the misapplication of money or property of a third party by the Joint Venture Manager acting within the scope of its apparent authority to the extent such acts or omissions are chargeable to the Joint Venture.
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Liability of Joint Venturers 
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Related to Liability of Joint Venturers

  • 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 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.

  • Liability of City CITY’S PAYMENT OBLIGATIONS UNDER THIS AGREEMENT SHALL BE LIMITED TO THE PAYMENT OF THE COMPENSATION PROVIDED FOR IN SECTION 3.3.1, “PAYMENT,” OF THIS AGREEMENT. NOTWITHSTANDING ANY OTHER PROVISION OF THIS AGREEMENT, IN NO EVENT SHALL CITY BE LIABLE, REGARDLESS OF WHETHER ANY CLAIM IS BASED ON CONTRACT OR TORT, FOR ANY SPECIAL, CONSEQUENTIAL, INDIRECT OR INCIDENTAL DAMAGES, INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR THE SERVICES PERFORMED IN CONNECTION WITH THIS AGREEMENT.

  • Liability of the Company The Company shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Company herein.

  • Liability of General Partner Except as otherwise provided in this Agreement, the liability of the General Partner arising from the conduct of the business affairs or operations of the Partnership or from the debts of the Partnership is unrestricted.