No Additional Duty Sample Clauses

The "No Additional Duty" clause establishes that neither party is required to perform obligations beyond those expressly stated in the agreement. In practice, this means that if a responsibility or service is not specifically outlined in the contract, the parties are not legally bound to provide it, even if it might be customary or expected in similar arrangements. This clause serves to limit the scope of each party’s duties, preventing misunderstandings or disputes over implied or assumed obligations, and ensuring that all expectations are clearly documented within the contract.
No Additional Duty. ECT shall only be responsible for the Services and the other duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) in respect to ECT shall be implied. No other standard of care, other than as set forth in Section 3.01 above, shall apply or be implied in relation to the performance of the Services or the other duties and obligations hereunder.
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No Additional Duty. The Manager shall only be responsible for the duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) shall be implied (including any obligation or duty (fiduciary or otherwise) pursuant to the Intercorporate Services Agreement).
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No Additional Duty. The Administrator shall only be responsible for the Administrative Services and the other duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) in respect to the Administrator shall be implied. No other standard of care, other than as set forth in Section 6.01 above, shall apply or be implied in relation to the performance of the Administrative Services or the other duties and obligations hereunder.
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No Additional Duty. No provision of this Section 5.7 or any other provision of this Agreement shall impose on the Administrative Agent any duty or obligation to verify the existence or adequacy of the insurance coverage maintained by the Borrower or any of its Subsidiaries nor shall the Administrative Agent be responsible for any representations or warranties made by or on behalf of the Borrower or any of its Subsidiaries to any insurance company or underwriter.
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No Additional Duty. Except the Services contemplated in Section 2.2, no other obligation or duty (fiduciary or otherwise) in respect to KMCI or any of its Affiliates shall be implied as a result of this Agreement or any action taken or omitted to be taken hereunder.
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No Additional Duty. 22 6.03 Other Activities and Conflict of Interest ............................................................... 22 6.04 Compliance with Restrictions in ECT Trust Indenture ......................................... 23
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No Additional Duty. Obsidian shall only have the duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) shall be implied. No other duty or standard of care, other than as expressly set forth in this Agreement, shall apply or be implied in relation to the performance, by Obsidian or any Transition Services Personnel, of the Transitional Services or the other duties and obligations to be provided hereunder.
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No Additional Duty. OP-CO shall only have the duties and obligations expressly provided for in this Agreement and no other obligation or duty (fiduciary or otherwise) shall be implied. No other standard of care, other than set forth above, shall apply or be implied in relation to the performance of the Services by OP-CO hereunder.
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Related to No Additional Duty

  • No Additional Work or Material No claim for additional services, not specifically provided in this contract, performed or furnished by the contractor, will be allowed, nor may the contractor do any work or furnish any material not covered by the contract unless the work or material is ordered in writing by the Project Director and approved by the Agency Head.

  • Additional Duties (i) In addition to the duties of the Administrator set forth in Section 1(a), the Administrator shall perform such calculations, and shall prepare, execute and file or deliver on behalf of the Issuer or the Owner Trustee or shall cause the preparation by other appropriate persons of all such documents, reports, notices, filings, instruments, certificates and opinions as it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the Basic Documents, and at the request of the Owner Trustee shall take all appropriate action with respect thereto, that is the duty of the Issuer or the Owner Trustee to take pursuant to the Basic Documents. Subject to Section 5 of this Agreement, and in accordance with the reasonable written directions of the Owner Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Basic Documents as are not covered by any of the foregoing provisions and as are expressly requested by the Owner Trustee and are reasonably within the capability of the Administrator. The responsibilities of the Administrator shall include the execution and delivery of any filings, certificates, affidavits or other instruments required under the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, to the extent permitted by applicable law, and the Owner Trustee hereby requests that the Administrator perform such obligations. (ii) Notwithstanding anything in this Agreement or the Basic Documents to the contrary, the Administrator shall be responsible for promptly notifying the Owner Trustee in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to the Certificateholder as contemplated in Section 5.02(c) of the Trust Agreement. Any such notice shall specify the amount of any withholding tax required to be withheld by the Owner Trustee pursuant to such provision. (iii) Notwithstanding anything in this Agreement or the Basic Documents to the contrary, the Administrator shall be responsible for performance of the duties set forth in Sections 5.04(a), (b), (c), (d) and (e) of the Trust Agreement with respect to, among other things, accounting and reports to the Certificateholder. (iv) The Administrator shall perform the duties of the Administrator specified in Section 10.02 of the Trust Agreement required to be performed in connection with the resignation or removal of the Owner Trustee and any other duties expressly required to be performed by the Administrator under the Trust Agreement. (v) In carrying out the foregoing duties or any of its other obligations under this Agreement, the Administrator may enter into transactions with or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any directions received from the Issuer and shall be, in the Administrator’s opinion, no less favorable to the Issuer than would be available from unaffiliated parties. (vi) The Administrator shall provide notices to the Rating Agencies as required under the Basic Documents. (vii) It shall be the Administrator’s duty and responsibility, and not the Owner Trustee’s duty or responsibility, to cause the Issuer to respond to, defend, participate in or otherwise act in connection with any regulatory, administrative, governmental, investigative or other proceeding or inquiry relating in any way to the Issuer, its assets or the conduct of its business.

  • No Additional Rights Nothing in this Agreement shall be construed to confer any rights upon COMPANY by implication, estoppel, or otherwise as to any technology or patent rights of M.I.T. or any other entity other than the PATENT RIGHTS, regardless of whether such technology or patent rights shall be dominant or subordinate to any PATENT RIGHTS.

  • NO STRIKES OR LOCKOUTS 5.01 The Union agrees there will be no strikes and the Employer agrees there will be no lockouts during the term of this Agreement. The term "strike" and "lockout" shall bear the meaning given them in the Ontario Labour Relations Act, as amended.

  • Excused Absences Absences will be excused only under the following circumstances.