Limitation of Owner’s Liability Sample Clauses
A limitation-of-owners-liability clause restricts the amount or type of liability that the owners of a business or property can be held responsible for under a contract. Typically, this clause ensures that owners are not personally liable for obligations or debts incurred by the business, and their exposure is limited to their investment or ownership share. By clearly defining the boundaries of liability, this clause protects owners from personal financial risk and encourages investment by providing certainty about potential losses.
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Limitation of Owner’s Liability. Owner shall not have any liability as a result of the failure of the Pool to satisfy the Permit Holder’s requirements or for failure to maintain or repair the Pool or to satisfy any other obligation except as provided in Paragraph 3.
Limitation of Owner’s Liability. Owner’s liability to Manager hereunder shall be limited to its interest in the Properties and Manager shall not look to any other property or assets of Owner or the property or assets of any of the Owner Indemnified Parties in seeking either to enforce Owner’s obligations under this Agreement or to satisfy a judgment for Owner’s failure to perform such obligations. No Protected Person shall be liable for the performance of Owner’s obligations under this Agreement. The terms of this Section 2.4 shall survive the Expiration Date.
Limitation of Owner’s Liability. 33 Sale of Unit by any Owner..................................................................... 33
Limitation of Owner’s Liability. Except for the obligation of Owner to pay CM certain fees, costs, and expenses pursuant to the terms and conditions of this Contract, Owner shall have no liability to CM or to anyone claiming through or under CM by reason of the execution or performance of this Contract. Notwithstanding any obligation or liability of Owner to CM, no present or future partner or affiliate of Owner or any agent, officer, director, employee, or regent of Owner, The Texas State University System, or of the components comprising The Texas State University System, or anyone claiming under Owner has or shall have any personal liability to CM or to anyone claiming through or under CM by reason of the execution or performance of this Contract.
Limitation of Owner’s Liability. Owner shall not have any liability as a result of the failure of the Course to satisfy the Permit Holder’s requirements or for failure to maintain or repair the course or to satisfy any other obligation except as provided in Paragraph 3.
Limitation of Owner’s Liability. Except as otherwise expressly set forth in this Contract, in no event shall Owner be liable to the Contractor for any loss or damages related to, occasioned by, arising out of, resulting from or attributable to any termination of this Contract or any termination by Owner of the employment of the Contractor as to all or any portion of the Services in whole or in part (including, without limitation, loss of profit, loss of revenue or loss of anticipated business or consequential, exemplary or punitive damages). Additionally, in no event shall Owner be liable for any penalties or fines in any amount or of any nature or description.
Limitation of Owner’s Liability. Subject to Operator's ------------------------------- rights under Sections 5, 6, 7, 8, 9 and 13, Operator's remedy for breach of this Agreement by Owner shall be to terminate this Agreement pursuant to Section 6. Notwithstanding anything to the contrary herein, it is specifically understood and agreed that there shall be absolutely no personal liability or recourse for the payment of any amounts due hereunder, or the performance of any obligations hereunder against any employee, shareholder, partner, member, officer or director, whether past, present or future, of Owner, any direct or indirect parent company or any Affiliate thereof, and Operator shall look solely to the assets of Owner for the satisfaction of each and every remedy of Operator in the event of any breach by Owner; provided, however that nothing herein shall relieve any of the foregoing Persons from liability for such Person's willful misconduct or gross negligence.
Limitation of Owner’s Liability. Notwithstanding anything contained in this Agreement, the duties, obligations and liabilities of each Owner pursuant to this Agreement will be limited to:
(a) with respect to the duties and obligations relating directly to the Units, to such Owner's duties and obligations arising directly in respect of any Unit owned by such Owner; and
(b) with respect to duties and obligations of the Owners collectively under this Agreement, to such Owner's proportionate share of such duties and obligations, as calculated in accordance with the Percentage Interest, and without limiting the generality of the foregoing. The duties and obligations of the Owners are several only and not joint duties or obligations. Innisfree will not look to any Owner for the payment of any amount in connection with this Agreement except as is expressly set out herein. No Owner will be liable for any act or omission of any other Owner.
Limitation of Owner’s Liability. Notwithstanding anything to the contrary herein, there shall be absolutely no personal liability or recourse for the payment of any amounts due hereunder, or the performance of any obligations hereunder against any employee, shareholder, partner, officer or director, whether past, present or future, of Owner.
Limitation of Owner’s Liability. Except for the obligation of Owner to pay Contractor certain fees, costs, and expenses pursuant to the terms and conditions of this Agreement, Owner shall have no liability to Contractor or to anyone claiming through or under Contractor by reason of the execution or performance of this Agreement. Notwithstanding any obligation or liability of Owner to Contractor, no present or future partner or affiliate of Owner or any agent, officer, director, employee, or regent of Owner, The Texas State University System, or of the Components comprising The Texas State University System, or anyone claiming under Owner has or shall have any personal liability to Contractor or to anyone claiming through or under Contractor by reason of the execution or performance of this Agreement.