No Obligation Under Trade Contract Sample Clauses

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No Obligation Under Trade Contract. This Agreement does not create any contractual relationship between the Owner and any Trade Contractor or Trade Supplier under contract with Construction Manager or any duty by the Owner to any Trade Contractor or Trade Supplier under contract with Construction Manager. Payments on account of the Work under any Trade Contract entered by Construction Manager pursuant to this Agreement, and final certificates issued by the Architect under Section 3, Part 9 relating to Work performed on any Component by any Trade Contractor under contract with Construction Manager, in no way diminish, alter or affect the rights of the Owner under the Contract Documents. Without limitation, all warranties from any Trade Contractor or Trade Supplier under contract with Construction Manager, and corresponding warranties from the Construction Manager to the Owner, run from the date of Final Completion of the Project, or the acceptance of occupancy by the Owner, whichever occurs first.
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Related to No Obligation Under Trade Contract

  • Conditions to Obligations of Each Party Under This Agreement The respective obligations of each party to effect the Merger and the other transactions contemplated herein shall be subject to the satisfaction at or prior to the Effective Time of the following conditions, any or all of which may be waived, in whole or in part, to the extent permitted by applicable Law:

  • 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.

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

  • No Obligations This Contract does not create any express or implied obligation that the City: i) reserve or create water or wastewater treatment capacity; ii) approve a permit or connection, which shall be granted only upon compliance with all requirements of law, including City Requirements; iii) offer utility services to any user within the Project; iv) provide a particular quantity. quality, or pressure for the water serving the Project; v) waive or not charge fees that are otherwise applicable pursuant to City Requirements; or vi) approve annexation of the Property or a particular zoning of the Property.

  • No Obligation to Act The Agent shall not be obligated to do any of the acts or to exercise any of the powers authorized by Section 9-1 herein, but if the Agent elects to do any such act or to exercise any of such powers, it shall not be accountable for more than it actually receives as a result of such exercise of power, and shall not be responsible to the Borrower for any act or omission to act except for any act or omission to act as to which there is a final determination made in a judicial proceeding (in which proceeding the Agent has had an opportunity to be heard) which determination includes a specific finding that the subject act or omission to act had been grossly negligent or in actual bad faith.