Common use of No Continuing Liability Clause in Contracts

No Continuing Liability. Nothing in any Senior Finance Document will oblige a Transferor to, or cause a Transferor to be liable to: (a) accept a re-assignment or re-transfer from a Transferee of any of the rights or obligations assigned, transferred or novated under this clause 26; or (b) support any losses incurred by a Transferee by reason of the non-performance by any Obligor of its obligations under any Senior Finance Document.

Appears in 2 contracts

Sources: Senior Facilities Agreement (Ugi Corp /Pa/), Senior Facilities Agreement (Ugi Corp /Pa/)

No Continuing Liability. Nothing in any Senior Finance Document will oblige a Transferor to, or cause a Transferor to be liable to: (a) accept a re-assignment or re-transfer from a Transferee of any of the rights or obligations assigned, transferred or novated under this clause 2629; or (b) support any losses incurred by a Transferee by reason of the non-performance by any Obligor of its obligations under any Senior Finance Document.

Appears in 1 contract

Sources: Facilities Agreement (Bema Gold Corp /Can/)