Common use of Liability Several Clause in Contracts

Liability Several. Notwithstanding any other provision of this Agreement to the contrary, the obligations of Sellers under this Agreement are several (and not joint).

Appears in 1 contract

Sources: Stock Purchase Agreement (Presidio Holding Co LLC)

Liability Several. Notwithstanding any other provision of this Agreement to the contrary, the obligations of each of the Sellers and each of the Buyers under this Agreement are several (and not jointjoint and several) such that each Seller and each Buyer is responsible only for breaches of representations and warranties, covenants and agreements of such Seller or Buyer (and not those of the other Sellers or Buyers).

Appears in 1 contract

Sources: Securities Purchase Agreement (Bankers Trust New York Corp)