Separate Liability Sample Clauses
The Separate Liability clause establishes that each party to an agreement is individually responsible for fulfilling its own obligations and liabilities, rather than being collectively liable with other parties. In practice, this means that if one party breaches the contract or incurs a debt, only that party is accountable for the consequences, and the other parties are not automatically held responsible. This clause is particularly important in multi-party contracts, as it prevents the actions or defaults of one party from negatively impacting the others, thereby allocating risk more fairly and ensuring that liability is clearly defined and limited to each party's own actions.
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Separate Liability. It is understood that the liability of the Contractor(s) and the liability of the separate Unions under this PLA shall be several and not joint. The Unions agree that this PLA does not have the effect of creating any joint employment status between or among Metropolitan or Project Labor Coordinator and/or any Contractor.
Separate Liability. It is understood that the liability of the Contractor(s) and the liability of the separate Unions under this Agreement shall be several and not joint. The Unions agree that this Agreement does not have the effect of creating any joint employment status between or among the City or CWA Administrator and/or any Contractor.
Separate Liability. 17 22. DISCLOSURE...............................................................17
Separate Liability. Each Fund that is a party to this Agreement, as set forth above, shall be regarded for all purposes as a separate party apart from any other Fund which is a party. Each Fund shall be responsible for only its own transactions and no property of a Fund shall be commingled with the property of any other Fund. The use of this single document to memorialize the separate agreement of each Fund is understood to be for clerical convenience only and shall not constitute any basis for joining the Funds for any respect.
Separate Liability. The obligations of each Secured Party under this Agreement (if any) shall be several and not joint, and no Secured Party shall be liable or responsible for the acts or omissions of any other Secured Party.
Separate Liability. This Agreement does not create joint liability of the parties and each party shall be separately liable for its acts of omissions. Each party shall indemnify the other against any losses incurred as a result of the actions of the other.
Separate Liability. It is understood that the liability of the Prime Contractor, Contractor(s) and the liability of the separate Unions under this Agreement shall be several and not joint. The Unions agree that this Agreement does not have the effect of creating any joint employment status or joint liability between or among the Prime Contractor and/or any Contractor or Subcontractor.
Separate Liability. Each of you is individually liable, and all of you are jointly liable (or in Quebec, solidarily liable), to pay us any amounts that any of you may owe in respect of the account and the Agreement. • Notices/Statements. We need not send account notices or statements to all of you. Notices and statements will be effective and binding on all of you when they are provided to any one of you at the branch of account, or by electronic means (which may include posting a notice on online banking), or when they are sent to any one of you at his/her latest address in the branch of account's records. Any one of you may consent to receiving notices and statements by electronic means and such consent is binding on all of you. • Communications/Instructions. We may communicate with any one of you about joint account matters. If you indicated on the Signature Card, or otherwise in writing, that any one of you can deal with us, then any one of you may instruct us regarding the operation of the joint account including transferring the joint account from the branch of account to another CIBC branch, changing the joint account address in the branch of account's records, or closing the joint account. All joint accountholders must consent to any changes in ownership of the account. • Sharing Information. Each of you may be provided account information including transactions and account related information of the other joint accountholder(s). This includes information about the account prior to it becoming a joint account. • Debits. If you indicated on the Signature Card, or otherwise in writing, that debits can be made by one of you, then we will debit the account for any cheque, receipt or other voucher which is signed by any one of you and any one of you may debit the account by any other means which we may permit from time to time (including electronically, orally, or by telephone). Each of you is responsible for any unauthorized debit which may occur by any of these means, to the extent provided in any agreement governing that method of debit. • Deposits. We may deposit to the joint account all cheques which are payable to, or for the credit or account of, any one or more of you, even if they are not endorsed by any of you. • Joint Tenancy (not applicable if any one of you is resident in Quebec at the time of his/her death). All money which is now or may later be credited to the account (including all interest) is the joint property of all of you with the “right of survivorsh...
Separate Liability. (a) The obligations of each Lender under this Agreement (if any) shall be several and not joint, and no Lender shall be liable or responsible for any amounts owed hereunder by, or any other liability of, any other Lender.
(b) With respect to any amount expressed to be payable by the Lenders, rather than a particular Lender, to the Trustee or the Securities Intermediary, the liability of each Lender for such amount payable by the Collateral, in each case
Separate Liability. It is understood that the liability of the Contractor(s) and the liability of the separate Unions under this CBA shall be several and not joint. The Unions agree that this CBA does not have the effect of creating any joint employment status between or among SDCCD or Project Labor Coordinator and/or any Contractor.