No obligation to Operate Sample Clauses

The "No obligation to Operate" clause establishes that a party is not required to commence, continue, or maintain operations under the agreement. In practice, this means that even if a contract covers activities such as running a facility, providing a service, or producing goods, the party retains the discretion to suspend or cease those operations at any time without breaching the contract. This clause is primarily used to provide flexibility and protect parties from being forced to operate in unprofitable, unsafe, or undesirable conditions, thereby allocating operational risk and clarifying that ongoing activity is not guaranteed.
No obligation to Operate. Maintain and Manage the Project in the event of Termination i. If NRANVP issues Termination Notice for Lessee’s Event of Default under Article 7.1 (a), above, NRANVP shall have no obligation to develop and/or operate the Project ii. However, in the event NRANVP decides to develop and/or operate the Project, NRANVP shall provide a notice to the Lessee before the Termination becoming effective, stating NRANVP’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii. NRANVP shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third party. iv. In the event of Termination of this Agreement, NRANVP shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. Further, notwithstanding anything to the contrary contained herein, in the event of Termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act and rules notified thereunder from time to time, shall be exercisable by NRANVP
View SourceView Similar (12)
No obligation to Operate. Subject to Section 5.1 above, Host shall not be obligated to operate any Property or to maintain any level of Energy consumption at any Property. Nothing in this Agreement shall preclude Host from undertaking any measures which reduce Energy consumption at the Property such as energy efficiency measures, changes in the use of the Property, closure of any Property or installation of other sources of on-site generation. Host makes no representation or warranty in relation to any historical data concerning energy usage at any Property or the levels of Solar Insolation at any Property. Notwithstanding this Section 5.4, Host shall be obligated to pay for any and all Solar Services and Energy generated from the System (as measured by the meter) regardless of any reduced energy load to the Property.
View SourceView Similar (5)
No obligation to Operate. Maintain and Manage the Project in the event of Termination i. If NRANVP issues Termination Notice for Lessee’s Event of Default under Article 7.1 (a), above, NRANVP shall have no obligation to develop and/or operate the Project ii. However, in the event NRANVP decides to develop and/or operate the Project, NRANVP shall provide a notice to the Lessee before the Termination becoming effective, stating NRANVP’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii. NRANVP shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third party.
View SourceView Similar (3)
No obligation to Operate. Healthix may dissolve, discontinue its business, or cease to operate the System at any time and Participant will have no recourse against Healthix as a result of such action or inaction.
View SourceView Similar (2)
No obligation to Operate. Participant acknowledges that OHA may dissolve, discontinue its business, or cease to provide the Flat File Directory at any time, in which case Participant will have no recourse against OHA as a result of such action or inaction.
View Source
No obligation to Operate. Participating Entity acknowledges that OHA may dissolve, discontinue its business, or cease to operate the System at any time, in which case Participating Entity will have no recourse against OHA as a result of such action or inaction. OHA will, when feasible, provide Participating Entity with advance notice of any such dissolution, discontinuation, or cessation of System operations.
View Source
No obligation to Operate. Anything contained in the Master Lease or this Sublease to the contrary notwithstanding, it is expressly acknowledged that this Sublease contains no implied or express covenant for Subtenant to conduct business in the Premises, continuously or otherwise, or (when conducting business in the Premises) to operate during any particular hours or, subject to the terms of this Sublease and the Master Lease, to conduct its business in any particular manner; provided, however, that Subtenant shall be obliged to illuminate the Premises during Business Hours pursuant to Subsection 31.1(B)(i) of the Master Lease, and provided further, that Subtenant shall comply with all of its obligations under this Sublease, including, without limitation, the obligation to pay Rent hereunder, to maintain and secure the Premises, and to insure the Premises.
View Source
No obligation to Operate. Participant acknowledges that, as directed by the RIQI Board of Directors, RIQI may at any time decide to cease operating the System. Participant agrees that nothing in this Agreement obligates RIQI to continue to operate the System, and that Participant’s right to participate in the System as set forth herein will be in effect only to the extent that the System is operational. RIQI may dissolve, discontinue its business, or cease to operate the System at any time, in which case Participant will have no recourse against RIQI as a result of such action or inaction.
View Source
No obligation to Operate. Anything contained in the Master Lease or this Sublease to the contrary notwithstanding, it is expressly acknowledged that this Sublease contains no implied or express covenant for Subtenant to conduct business in the Premises, continuously or otherwise, or (when conducting business in the Premises) to operate during any particular hours or, subject to the terms of this Sublease and the Master Lease, to conduct its business in any particular manner; provided, however, that Subtenant shall be obliged to illuminate the Premises during Business Hours pursuant to Subsection 31.1(B)(i) of the Master Lease, and provided further, that Subtenant shall comply with all of its obligations under this Sublease, including, without limitation, the obligation to pay Rent hereunder, to maintain and secure the Premises, and to insure the Premises.
View Source

Related to No obligation to Operate

  • No obligation to monitor No Finance Party is bound to monitor or verify the utilisation of the Facility.

  • No Obligation to Employ Nothing in the Plan or this Agreement shall confer on the Participant any right to continue in the employ of, or other relationship with, the Company or any Parent, Subsidiary or Affiliate or limit in any way the right of the Company or any Parent, Subsidiary or Affiliate to terminate the Participant’s employment or service relationship at any time, with or without cause.

  • No Obligation to Pursue Others Bank has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Bank may release, modify or waive any collateral provided by any other Person to secure any of the Obligations, all without affecting Bank’s rights against Borrower. Borrower waives any right it may have to require Bank to pursue any other Person for any of the Obligations.

  • No Obligation to Mitigate The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor, except as set forth in Section 4(d), shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination, or otherwise.

  • No Obligation Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain any director and officer insurance policy if the Company determines in good faith that such insurance is not reasonably available in the case that (i) premium costs for such insurance are disproportionate to the amount of coverage provided, or (ii) the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit.