Liability of the Owner Clause Samples
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Liability of the Owner. (a) The Depositor shall be liable directly to and will indemnify the injured party for all losses, claims, damages, liabilities and expenses of the Trust (including Expenses, to the extent not paid out of the Owner Trust Estate) to the extent that the Depositor would be liable if the Trust were a partnership under the Delaware Revised Uniform Limited Partnership Act in which the Depositor were a general partner; provided, however, that the Depositor shall not be liable for any losses incurred by a Certificateholder in the capacity of an investor in the Certificate or a Noteholder in the capacity of an investor in the Notes. In addition, any third-party creditors of the Trust (other than in connection with the obligations described in the preceding proviso, for which the Depositor shall not be liable) shall be deemed third-party beneficiaries of this paragraph. The obligations of the Depositor under this paragraph shall be evidenced by the Certificate described in Section 3.10.
(b) The Owner, other than to the extent set forth in paragraph (a), shall not have any personal liability for any liability or obligation of the Trust.
Liability of the Owner. The Owner shall not have any personal liability for any liability or obligation of the Trust.
Liability of the Owner. The Owner shall be entitled to the protections and limitations of liability as set forth in Section 3803 of the Statutory Trust Act.
Liability of the Owner. 20.1 The Owner shall comply with the relevant regulations with regard to safe and civilized construction, supervise the Contractor to take measures for safety protection and civilized construction, and pay related fees as agreed in the contract.
20.2 The Owner should give education regarding the safety protection and civilized construction to the people on the construction site, and be responsible for their safety.
20.3 During construction and warranty period of the contracted project, the Owner may not request the Contractor to violate safety manufacture, civilized construction regulation or mandatory standards for construction; the Owner may not indicate or imply the Contractor to purchase, lease and use protective tools, machinery equipment, construction machinery, accessories, fire fighting facilities which can not meet the safety requirements for construction.
20.4 The Owner shall take the corresponding responsibilities occurred by disobeying the regulations or safety accidents caused by the Owner. The delayed project period shall not be extended.
Liability of the Owner. The obligation of the Owner to repay the Loan and to make any and all payments to ▇▇▇▇▇▇▇ Mac required by this Agreement or any other Borrower Document shall not be subject to diminution by set-off, recoupment, counterclaim, abatement or otherwise. Until the latest of the date on which (i) all the Bonds have been fully paid (or provision made therefor as a legal defeasance) in accordance with the Indenture, (ii) the Credit Enhancement Agreement has been terminated in accordance with its terms, and (iii) all amounts due and owing ▇▇▇▇▇▇▇ Mac under this Agreement or any other Borrower Document have been paid, the Owner (a) shall continue to have the obligation to repay the Loan as aforesaid, and (b) shall perform and observe all of its other obligations contained in this Agreement, the Borrower Documents and all other documents contemplated hereby or thereby. The obligations of the Owner under this Agreement shall be absolute, unconditional and irrevocable and shall be paid and performed strictly in accordance with the terms of this Agreement under all circumstances whatsoever, including, without limitation, the following circumstances: (a) any invalidity or unenforceability of any of the Borrower Documents or any other agreement or instrument related to the Borrower Documents; (b) any amendment or waiver of, or any consent to or departure from, the terms of the Credit Enhancement Agreement, any of the other Borrower Documents, or any other agreement or instrument related to the Borrower Documents, any extensions of time or other modifications of the terms and conditions for any act to be performed in connection with the Credit Enhancement Agreement; (c) the existence of any claim, set-off, defense or other right which the Owner may have at any time against ▇▇▇▇▇▇▇ Mac, the Servicer, the Issuer, the Trustee, the Tender Agent, the Remarketing Agent, or any other Person, whether in connection with this Agreement, any of the other Borrower Documents, the Project, or any unrelated transaction; (d) the surrender or impairment of any security for the performance or observance of any of the agreements or terms of this Agreement or the other Borrower Documents; (e) defect in title to the Project, any acts or circumstances that may constitute failure of consideration, destruction of, damage to or condemnation of the Project, commercial frustration of purpose, or any change in the tax or other laws of the United States of America or of any State or any political subdi...
Liability of the Owner. The Bidders are advised to avoid last moment rush to submit bids online and they should upload their bids well in advance before the Bid Submission Date and deadline. The Owner shall not be liable for failure of online submission of bid by the Bidder that may arise due to any reason whatsoever. It shall be construed that the procedure for online submission of bids, mentioned under Clause - 9 of ITB, has been read and understood by the Bidder. The hard copy of the bids submitted by the Bidder shall not be treated as a substitute to online bids submission and in case a Bidder fails to submit its bid online due to any reason, the hard copy of the bid shall not be considered for evaluation.
Liability of the Owner. 28.1 No person, firm, or corporation, other than the signer of this Agreement as CONTRACTOR now has any interest in this Agreement, and CONTRACTOR is aware of no claim to the monies to be paid by OWNER to CONTRACTOR under this Agreement.
28.2 Neither the OWNER, nor any agent of the OWNER, shall be liable for or be held responsible to pay any money except as herein provided.
28.3 The acceptance by the CONTRACTOR of the payment of the final estimate shall release to the OWNER, and every agent of the OWNER, from all claims or liabilities held by, or that could be asserted by, the CONTRACTOR for anything done or furnished for or relating to the WORK.
28.4 Under no circumstances shall OWNER’s liability under this Agreement exceed the agreed-upon price to be paid by the OWNER under this Agreement.
Liability of the Owner. 9.1 The owner is liable towards the customer for the contractual and legal provision of the object.
9.2 The owner is liable for the appropriate choice of the key holder and their supervision as well as other persons and companies entrusted with the maintenance of the object.
9.3 The liability of the owner for financial losses is limited partially to threefold of the rental price for the respective aggrieved person as far as the damage was not caused with intent of gross negligence.
Liability of the Owner. 8.2.1 The Owner shall be liable to the Architect if a breach of his duty to the Architect is established against the Owner.
Liability of the Owner. The Lodger hereby indemnifies and holds harmless the Owner from and against any and/or all claims, losses, costs, charges, expenses, damages and liabilities of whatsoever nature howsoever arising which the Lodger may incur, pay or sustain in connection with the Lodger’s occupation of the Shared Rooms or Single Rooms, including, all costs and expenses brought about in connection with any such loss or damage. In amplification of clause 8a above, the Lodger specifically and without limitation, hereby indemnifies the Owner in full from any loss or damage (irrespective of the nature thereof) suffered by the Lodger as a consequence of any services rendered by the Owner or any third party service provider to the Lodger (or as the case may be, to the Owner, or the Accommodation) or the disruption, interruption and/or cancellation thereof, either prior, during or subsequent to the currency of this agreement. To the extent possible and applicable and without derogating from the aforesaid, and furthermore without admitting liability of any nature, the Owner shall use its best endeavours to mitigate any loss or damage suffered by the Lodger in terms of this clause 8 and shall furthermore render reasonable assistance (not necessarily financial assistance) to the Lodger in pursuing any potential claims against any third parties. For purposes of this clause 8: