Common use of Separate Capacities Clause in Contracts

Separate Capacities. The Parties acknowledge that LADWP, as Agent under and a Party to this Agency Agreement, acts in a legal capacity that is separate from its capacity as the Purchaser under the Power Sales Agreement. Accordingly, for purposes of this Agency Agreement, the rights, entitlements, obligations and liabilities of LADWP, as Agent and a Party to this Agency Agreement, shall not apply to or otherwise be affected by, and shall be legally separate from the rights, entitlements, obligations, and liabilities of LADWP as the Purchaser under the Power Sales Agreement.

Appears in 3 contracts

Sources: Agency Agreement, Agency Agreement, Agency Agreement

Separate Capacities. The Parties acknowledge that LADWP, as Agent under and a Party to this Agency Agreement, acts in a legal capacity that is separate from its capacity as the Purchaser a SCPPA Participating Member under the its Power Sales Agreement. Accordingly, for purposes of this Agency Agreement, the rights, entitlements, obligations and liabilities of LADWP, as Agent and a Party to this Agency Agreement, shall not apply to or otherwise be affected by, and shall be legally separate from the rights, entitlements, obligations, and liabilities of LADWP as the Purchaser a SCPPA Participating Member under the its Power Sales Agreement.

Appears in 1 contract

Sources: Fiscal Agency Agreement

Separate Capacities. The Parties acknowledge that LADWP, as Agent Ag'ent under and a Party to this Agency Agreement, acts in a legal capacity that is separate from its capacity as the Purchaser a Project Participant under the its Power Sales Agreement. Agreement Accordingly, for purposes of this Agency Agreement, the rights, entitlements, obligations and liabilities of LADWP, as Agent and a Party to this Agency Agreement, shall not apply to or otherwise be affected by, and shall be legally separate from the rights, entitlements, obligations, and liabilities of LADWP as the Purchaser a Project Participant under the its Power Sales Agreement. .

Appears in 1 contract

Sources: Agency Agreement

Separate Capacities. The Parties acknowledge that LADWP, as Agent under and a Party to this Agency Agreement, acts in a legal capacity that is separate from its capacity as the Purchaser a Project Participant under the Power Sales Agreement. Accordingly, for purposes of this Agency Agreement, the rights, entitlements, obligations and liabilities of LADWP, as Agent and a Party to this Agency Agreement, shall not apply to or otherwise be affected by, and shall be legally separate from the rights, entitlements, obligations, and liabilities of LADWP as the Purchaser a Project Participant under the Power Sales Agreement.

Appears in 1 contract

Sources: Agency Agreement