No Liability of Purchaser Sample Clauses

The "No Liability of Purchaser" clause establishes that the purchaser is not responsible for certain obligations, losses, or claims arising from the transaction or related circumstances. Typically, this clause clarifies that the purchaser will not be held liable for issues such as pre-existing debts, third-party claims, or liabilities that are not expressly assumed in the agreement. By including this provision, the clause protects the purchaser from unexpected or undisclosed liabilities, ensuring that risk is clearly allocated and that the purchaser's exposure is limited to what is specifically agreed upon in the contract.
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No Liability of Purchaser. Except as expressly provided herein, ------------------------- Purchaser shall not assume or take subject to any liabilities or obligations of the Property or Seller existing or accrued as of the date of Closing, and Seller shall pay the same as they mature and shall hold Purchaser harmless with respect to all thereof. Liabilities and obligations of the Property accruing after the date of Closing shall be the responsibility of Purchaser or the Property, as the case may be.
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No Liability of Purchaser. (a) Neither this Agreement nor any document executed in connection herewith shall constitute an assumption by the Purchaser of any obligation to an Obligor. (b) Notwithstanding any other provision herein, no recourse under any obligation, covenant, agreement or instrument of the Purchaser contained herein or with respect hereto shall be had against any Related Person whether arising by breach of contract, or otherwise at law or in equity (including any claim in tort), whether express or implied, it being understood that the agreements and other obligations of the Purchaser herein and with respect hereto are solely its corporate obligations; provided, however, nothing herein above shall operate as a release of any liability which may arise as a result of such Related Person's gross negligence or willful misconduct. The provisions of this Section 5.10 shall survive the termination of this Agreement.
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No Liability of Purchaser. Purchaser shall have no liability to any shareholder of the Company or otherwise arising out of the acts or omissions of the Sellers' Representative or any disputes among the Sellers. Purchaser shall have no direct liability to the Sellers under this Agreement or the other agreements referred to herein and may rely entirely on its dealings with, and notices to and from, the Sellers' Representative to satisfy any obligations it might have under this Agreement, any agreement referred to herein or otherwise to the Sellers.
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No Liability of Purchaser. 17 12.2 Assumption of Liabilities by Purchaser........................... 17 ARTICLE 13 RETAINED FOR NUMBERING PURPOSES ONLY............................ 18
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No Liability of Purchaser. The Company agrees that neither the Purchasers nor any such affiliates, partners, directors, agents, employees or controlling persons of a Purchaser shall have any liability to the Company or any Person asserting claims on behalf of or in right of the Company solely as a result of acquiring the Securities under this Agreement.
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No Liability of Purchaser. The Purchaser, the Companies, and the Escrow Agent shall not have any liability to any Seller in connection with any action taken by, or omission of, the Sellers’ Representative pursuant to the terms of this Agreement and the Escrow Agreement (including, without limitation, any failure of the Sellers’ Representative to disburse any funds to the Sellers or any expenses incurred by the Sellers’ Representative by or on behalf of Sellers).
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Related to No Liability of Purchaser

  • No Liability of Members All debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member.

  • No Liability Bank shall not be responsible or liable for any shortage or discrepancy in, damage to, or loss or destruction of, any goods, the sale or other disposition of which gives rise to an Account, or for any error, act, omission, or delay of any kind occurring in the settlement, failure to settle, collection or failure to collect any Account, or for settling any Account in good faith for less than the full amount thereof, nor shall Bank be deemed to be responsible for any of Borrower’s obligations under any contract or agreement giving rise to an Account. Nothing herein shall, however, relieve Bank from liability for its own gross negligence or willful misconduct.

  • No Liability of Others The Administrator’s obligations under this Agreement are corporate obligations. No Person will have recourse, directly or indirectly, against any member, manager, officer, director, employee or agent of the Administrator for the Administrator’s obligations under this Agreement.

  • No Liabilities Except as set forth in the financial statements referred to in Section 3.04(a), there are no liabilities of any Company of any kind, whether accrued, contingent, absolute, determined, determinable or otherwise, which could reasonably be expected to result in a Material Adverse Effect, and there is no existing condition, situation or set of circumstances which could reasonably be expected to result in such a liability, other than liabilities under the Loan Documents. Since July 31, 2006, there has been no event, change, circumstance or occurrence that, individually or in the aggregate, has had or could reasonably be expected to result in a Material Adverse Effect.

  • Liability of Seller Seller shall be liable in accordance herewith only to the extent of the obligations in this Agreement specifically undertaken by Seller and the representations and warranties of Seller.