Common use of Obligations of the Stockholders Clause in Contracts

Obligations of the Stockholders. The liabilities and obligations ------------------------------- of each Stockholder under any provision of this Agreement are several and not joint and apply solely to such Stockholder and to the Shares held of record or Beneficially Owned by such Stockholder. No Stockholder shall have any liability or obligation under this Agreement for any act, omission or breach by any other Stockholder.

Appears in 1 contract

Sources: Stockholders Agreement (WPG Corporate Development Associates v Lp)

Obligations of the Stockholders. The liabilities and obligations ------------------------------- of each Stockholder under any provision of this Agreement are several and not joint and apply solely to such Stockholder and to the Shares held of record or Beneficially Owned by such Stockholder. No Stockholder shall have any liability or obligation under this Agreement for any act, omission or breach by any other Stockholder.

Appears in 1 contract

Sources: Stockholders Agreement (Rubin Morry)

Obligations of the Stockholders. The liabilities and obligations ------------------------------- of each Stockholder under any provision of this Agreement are several and not joint and apply solely to such Stockholder and to the Shares held of record or Beneficially Owned by such Stockholder. No Stockholder shall have any liability or obligation under this Agreement for any act, omission or breach by any other Stockholder.

Appears in 1 contract

Sources: Principal Stockholders Agreement (Olsten Corp)