Common use of RECIPIENT’S RESPONSIBILITY Clause in Contracts

RECIPIENT’S RESPONSIBILITY. (a) Recipient is not (by virtue of this Agreement and the Funding) an employee, contractor, partner, joint venturer, or subsidiary of Funder and Recipient is not entitled to pledge the credit of Funder nor act as its agent, except as expressly authorised by this Agreement. (b) Recipient will be solely liable for all debts, losses, expenses and taxation on Recipient's income.

RECIPIENT’S RESPONSIBILITY. (a) Recipient is not (by virtue virture of this Agreement and the Funding) an employee, contractor, partner, joint venturer, or subsidiary of Funder and Recipient is not entitled to pledge the credit of Funder nor act as its agent, except as expressly authorised by this Agreement. (b) Recipient will be solely liable for all debts, losses, expenses and taxation on Recipient's income.