No Liability for Exercise of Powers Sample Clauses

The "No Liability for Exercise of Powers" clause establishes that a party, typically an agent, trustee, or director, will not be held liable for actions taken in good faith while exercising the powers granted to them under an agreement or governing document. In practice, this means that as long as the individual or entity acts within the scope of their authority and without misconduct or negligence, they are protected from legal claims or damages resulting from their decisions. This clause is essential for encouraging decision-makers to act confidently and efficiently, as it shields them from personal liability when performing their duties appropriately.
No Liability for Exercise of Powers. Neither ▇▇▇▇, the Authority, nor the City shall be liable to Lessee for any diminution or deprivation of its rights which may result from the proper exercise of any power reserved to ▇▇▇▇, the Authority or the City in this Agreement. Lessee shall not be entitled to terminate this Agreement by reason thereof, unless the exercise of such power shall interfere with ▇▇▇▇▇▇'s rights hereunder so as to constitute a termination of this Agreement by operation of law.
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No Liability for Exercise of Powers. Neither SRA nor the City shall be liable to Lessee for any diminution or deprivation of Lessee’s rights which may result from the proper exercise of any power to preserve SRA or the City under this Agreement. Lessee shall not be entitled to terminate this Agreement by reason thereof, unless the exercise of such power shall substantially interfere with ▇▇▇▇▇▇’s rights hereunder so as to constitute a termination of this Agreement by operation of law.
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No Liability for Exercise of Powers. By way of supplement to the Trustee ▇▇▇ ▇▇▇▇, neither the Security Trustee, any Lender Party nor any Receiver shall be liable in respect of all or any part of the Charged Property or for any loss or damage which arises out of the exercise or the attempted or purported exercise of, or the failure to exercise any of, their respective powers, unless such loss or damage is caused by its or his gross negligence or wilful misconduct.
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No Liability for Exercise of Powers. Neither SRA nor the City of Stillwater shall be liable to QAM for any diminution or deprivation of QAM’ rights which may result from the proper exercise of any power to preserve SRA or the City under this Agreement. QAM shall not be entitled to terminate this Agreement by reason thereof, unless the exercise of such power shall substantially interfere with QAM’ rights hereunder so as to constitute a termination of this Agreement by operation of law.
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No Liability for Exercise of Powers. 18 Section 9.3 Nondiscrimination 18
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No Liability for Exercise of Powers. Neither ▇▇▇▇, the Authority nor the City shall be liable to Airline for any diminution or deprivation of its rights which may result from the proper exercise of any power reserved to ▇▇▇▇, the Authority or the City in this Agreement. Airline shall not be entitled to terminate this Agreement by reason thereof, unless the exercise of such power shall interfere with Airline’s rights hereunder so as to constitute a termination of this Agreement by operation of law.
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No Liability for Exercise of Powers. SARAA shall be liable to Concessionaire for any diminution or deprivation of its rights which may result from the proper exercise of any power reserved to SARAA in this Agreement. Concessionaire shall not be entitled to terminate this Agreement by reason thereof, unless the exercise of such power shall interfere with Concessionaire's rights hereunder so as to constitute a termination of this Agreement by operation of law.
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No Liability for Exercise of Powers. Neither SRA nor the City of Stillwater shall be liable to ▇▇▇▇▇▇▇▇▇ for any diminution or deprivation of ▇▇▇▇▇▇▇▇▇’ rights which may result from the proper exercise of any power to preserve SRA or the City under this Agreement. ▇▇▇▇▇▇▇▇▇ shall not be entitled to terminate this Agreement by reason thereof, unless the exercise of such power shall substantially interfere with ▇▇▇▇▇▇▇▇▇’ rights hereunder so as to constitute a termination of this Agreement by operation of law.
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Related to No Liability for Exercise of Powers

  • No Liability for Errors CenturyLink is not liable for mistakes in their respective signaling networks (including but not limited to signaling links and Signaling Transfer Points (STPs)) and call- related databases (including but not limited to the Line Information Database (LIDB), Toll Free Calling database, local Number Portability database, Advanced Intelligent Network databases, Calling Name database (CNAM), 911/E911 databases, and OS/DA databases).

  • No Liability for Ordinary Negligence Neither Silicon, nor any of its directors, officers, employees, agents, attorneys or any other Person affiliated with or representing Silicon shall be liable for any claims, demands, losses or damages, of any kind whatsoever, made, claimed, incurred or suffered by Borrower or any other party through the ordinary negligence of Silicon, or any of its directors, officers, employees, agents, attorneys or any other Person affiliated with or representing Silicon, but nothing herein shall relieve Silicon from liability for its own gross negligence or willful misconduct.

  • No Liability for Election of Recommended Directors No Stockholder, nor any Affiliate of any Stockholder, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a director of the Company, nor shall any Stockholder have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement.

  • NO LIABILITY UPON TERMINATION If this Contract is terminated for any reason, RRC and the State of Texas shall not be liable to Vendor for any damages, claims, losses, or any other amounts arising from or related to any such termination absent an award of damages pursuant to Texas Government Code Chapter 2260.

  • No Liability for Termination Neither party will be liable to the other for any termination or expiration of this Agreement in accordance with its terms.