Common use of Liability for Fees Clause in Contracts

Liability for Fees. Other than with respect to McGladrey Capital Markets LLC (the fees of which shall be paid by the Sellers and not by the Company or Lufkin), the Seller has not employed or retained any investment banker, broker, agent, finder or other party, or incurred any liability or obligation, contingent or otherwise, for brokers’ or finders’ fees, advisory fees or commissions, with respect to the transactions contemplated by this Agreement for which Lufkin or the Company shall have any responsibility.

Liability for Fees. Other than with respect to McGladrey Capital Markets LLC (the fees of which shall be paid by the Sellers and not by the Company or Lufkin), neither the Seller Company nor any of its Affiliates has not employed or retained any investment banker, broker, agent, finder or other party, or incurred any liability or obligation, contingent or otherwise, for brokers’ or finders’ fees, advisory fees or commissions, with respect to the transactions contemplated by this Agreement for which Lufkin or the Company shall have any responsibility.»