Review Not Release of Obligations Sample Clauses

The 'Review Not Release of Obligations' clause establishes that a review of a party’s performance or compliance does not automatically discharge that party from its contractual obligations. In practice, this means that even if one party examines or audits the other’s work, such review does not constitute acceptance or a waiver of any rights to later claim non-performance or require corrective action. This clause is essential for ensuring that oversight or interim approvals do not inadvertently relieve a party from fulfilling all their duties under the contract, thereby protecting the reviewing party’s interests and maintaining accountability.
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Review Not Release of Obligations. Review and comment by Client, its Representative or its designees with respect to any Design Documents or other information pursuant to Section 17.1 shall not relieve or release Contractor from any of its duties, obligations or liabilities under the Agreement.
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Review Not Release of Obligations. Review and comment by Buyer and Financing Parties, if any, with respect to any Design Documents or other information pursuant to Section 17.1 shall not be deemed approval of the Design Documents by Buyer or the Financing Parties and shall not relieve or release Turbine Supplier from any of its obligations under the Contract Documents.
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Review Not Release of Obligations. Review and comment by the MEP Participants or their designees with respect to any Design Documents or other information pursuant to Section 18.1 shall not relieve or release the Turnkey Contractor from any of its duties, obligations or liabilities under this Agreement.
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Related to Review Not Release of Obligations

  • Release of Obligations At any time following an Event of Default, each Intercompany Creditor must, if requested by the Security Agent, release and discharge any Intercompany Debt specified by the Security Agent, by way of shareholders' contribution (Sw: aktieägartillskott), forgiveness of liabilities, or in any other way deemed appropriate by the Security Agent.

  • Release of Obligors Any full or partial release of the liability of Borrower on the Guaranteed Obligations, or any part thereof, or of any co-guarantors, or any other person or entity now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized, acknowledged and agreed by Guarantor that Guarantor may be required to pay the Guaranteed Obligations in full without assistance or support of any other party, and Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation, belief, understanding or agreement that other parties will be liable to pay or perform the Guaranteed Obligations, or that Lender will look to other parties to pay or perform the Guaranteed Obligations.

  • Mitigation of Obligations If any Lender requests compensation under Section 2.18, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.20, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable under Section 2.18 or Section 2.20, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all costs and expenses incurred by any Lender in connection with such designation or assignment.

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member.

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.