Limitation on Obligations Clause Example from Business Contracts

Limitation on Obligations. The Company's obligation with respect to the RSUs granted hereunder is limited solely to the delivery to the Grantee of Shares of Common Stock on the date when such Shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation, except as otherwise expressly provided for herein. The RSUs shall not be secured by any specific assets of the Company or any of its subsidiaries, nor shall any assets of the Company or any of its subs...idiaries be designated as attributable or allocated to the satisfaction of the Company's obligations under this Agreement. View More