NO JOINT LIABILITY BETWEEN CORPORATE PROMISORS Clause Samples

NO JOINT LIABILITY BETWEEN CORPORATE PROMISORS. No provision may be considered to impose any obligation or liability whatsoever on a Corporate Promisor, for any reason whatsoever which might not be directly and totally attributable to it. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Exhibit 5 to the Agreement Promise to Sell No. 2 page 1 EXHIBIT 5 TO THE AGREEMENT PROMISE TO SELL No. 2 BETWEEN THE UNDERSIGNED ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ GROUP PLC, an English law company whose registered office is at ▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇, Great Britain, registered with the England and Wales Company Registration Office under number 621757, hereinafter referred to as the "Promisor" or "WCG" ON THE ONE HAND EMMANUEL GRAS residing at ▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ (59370) Mons en Baroeul, ▇▇▇▇▇▇▇ ▇▇▇▇▇ residing at ▇, ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ (75007) Paris, ▇▇▇▇▇▇ NAFTALSKI residing at ▇, ▇▇▇ ▇▇▇ ▇▇▇▇▇ Arts (75006) Paris, hereinafter collectively referred to as the "Beneficiaries" ON THE OTHER HAND
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Related to NO JOINT LIABILITY BETWEEN CORPORATE PROMISORS

  • Joint Liability 26.1. Notwithstanding anything contained herein or in any agreement between the Issuer and the RTA, the Issuer and the RTA shall be jointly and severally responsible and liable to CDSL, its participants and beneficial owners for compliance with all obligations under this Agreement as also under the Bye Laws and Operating Instructions.

  • Litigation and Contingent Liabilities No litigation (including derivative actions), arbitration proceeding or governmental investigation or proceeding is pending or, to the Company’s knowledge, threatened against any Loan Party which might reasonably be expected to have a Material Adverse Effect, except as set forth in Schedule 9.6. Other than any liability incident to such litigation or proceedings, no Loan Party has any material contingent liabilities not listed on Schedule 9.6 or permitted by Section 11.1.

  • Relationship Between Parties Each party will be deemed to represent to the other party on the date on which it enters into a Transaction that (absent a written agreement between the parties that expressly imposes affirmative obligations to the contrary for that Transaction):

  • CONTRIBUTION IN THE EVENT OF JOINT LIABILITY (a) To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee. (b) The Company shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. (c) The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee.

  • Disputes between a Contracting Party and an Investor (1) Any dispute which may arise between an investor of one Contracting Party and the other Contracting Party in connection with an investment on the territory of that other Contracting Party shall be subject to negotiations between the parties in dispute. (2) If any dispute between an investor of one Contracting Party and the other Contracting Party continues to exist after a period of three months, investor shall be entitled to submit the case either to: (a) The International Centre for Settlement of Investment Disputes having regard to the applicable provisions of the Convention on the Settlement of Investment Disputes between States and Nationals of other States opened for signature at Washington D.C. on 18 March 1965, or in case both Contracting Parties have not become parties to this Convention, (b) An arbitrator or international ad hoc arb1 tral tribunal established under the Arbitration Rules of the United Nations Commission on International Trade Law. The parties to the dispute may agree in writing to modify these Rules. The arbitral awards shall be final and binding on both Parties to the dispute.Arbitration Rules of the United Nations Commission on International Trade Law. The parties to the dispute may agree in writing to modify these Rules. The arbitral awards shall be final and binding on both Parties to the dispute.