Obligations of the Shareholders. Notwithstanding anything to the contrary set forth herein, the representations and warranties of each Shareholder shall be limited to those set forth in Article V hereof. The obligations of the Shareholders under this Agreement shall be limited to those set forth in Sections 1.01(b), 7.03(b), 7.03(e), 7.05(a), 7.09(c), 7.09(d), 7.13 and 7.15 hereof. The conditions governing the obligations of the Shareholder shall be governed by Sections 8.01, 8.03 and 8.05 hereof. Notwithstanding anything to the contrary set forth herein, the Shareholders shall have no other obligations under this Agreement. Notwithstanding anything to the contrary set forth herein, it is understood that the obligations of the Shareholders under this Agreement are limited to acts or omissions by such Shareholder in its capacity as a stockholder of the Company and not in its capacity as an officer or director of the Company.
Appears in 2 contracts
Sources: Recapitalization Agreement and Plan of Merger (Equitrac Corporation), Recapitalization Agreement and Plan of Merger (Equitrac Corporation)