Common use of Obligations of Shareholders Clause in Contracts

Obligations of Shareholders. The obligations of the Stockholders hereunder shall be "several" and not "joint" or "joint and several." Without limiting the generality of the foregoing, under no circumstances will any Stockholder have any liability or obligation with respect to any misrepresentation or breach of covenant of any other Shareholder.

Appears in 4 contracts

Sources: Voting Agreement (Shanecy Inc), Voting Agreement (Metromedia Fiber Network Inc), Voting Agreement (Abovenet Communications Inc)

Obligations of Shareholders. The obligations of the Stockholders Shareholders hereunder shall be "several" and not "joint" or "joint and several." Without limiting the generality of the foregoing, under no circumstances will any Stockholder Shareholder have any liability or obligation with respect to any misrepresentation or breach of covenant of any other Shareholder.

Appears in 1 contract

Sources: Voting Agreement (Balanced Care Corp)