Several and Not Joint Obligations. The Investors’ respective obligations, undertakings, warranties, representations and liabilities under this Agreement are several and not joint. In the event that an Investor fails to or decides not to close the purchase and sale of the applicable Series C+ Closing Shares contemplated hereunder, each of the other Investors may elect at its sole discretion to proceed or not to proceed with the Closing, provided that if such other Investor elects to proceed with the Closing, the relevant provisions under the Transaction Documents shall be or have been adjusted accordingly as appropriate.
Appears in 2 contracts
Sources: Preferred Share Purchase Agreement (Burning Rock Biotech LTD), Preferred Share Purchase Agreement (Burning Rock Biotech LTD)
Several and Not Joint Obligations. The Investors’ respective obligations, undertakings, warranties, representations and liabilities under this Agreement are several and not joint. In the event that an Investor fails to or decides not to close the purchase and sale of the applicable Series C+ C Closing Shares or the conversion into the Converted Shares contemplated hereunder, each of the other Investors may elect at its sole discretion to proceed or not to proceed with the Closing, provided that if such other Investor elects to proceed with the Closing, the relevant provisions under the Transaction Documents shall be or have been adjusted accordingly as appropriate.
Appears in 2 contracts
Sources: Series C Preferred Share Purchase Agreement (Burning Rock Biotech LTD), Series C Preferred Share Purchase Agreement (Burning Rock Biotech LTD)
Several and Not Joint Obligations. The Investors’ respective obligations, undertakings, warranties, representations and liabilities under this Agreement are several and not joint. In the event that an any Investor fails to or decides not to close the purchase and sale of the applicable Series C+ Closing Purchase Shares contemplated hereunderor the Warrants, each of the other Investors shall not be subject to any liability or claim or otherwise adversely affected and may elect at its sole discretion to proceed or not to proceed with the Closing, provided that if any of such other Investor Investors elects to proceed with the Closing, the relevant provisions under the Transaction Documents shall be or have been adjusted accordingly as appropriate.
Appears in 1 contract
Sources: Series a Share Purchase Agreement (NaaS Technology Inc.)
Several and Not Joint Obligations. The Investors’ respective obligations, undertakings, warranties, representations and liabilities under this Agreement are several and not joint. In the event that an Investor fails to or decides not to close the purchase and sale of the applicable Series C+ Closing Purchased Shares contemplated hereunderor the applicable CLASS B Warrant, each of as the case may be, any other Investors Investor may elect at its sole discretion to proceed or not to proceed with the Closing, provided that if such other Investor elects to proceed with the Closing, the relevant provisions relating to investment amount of such failing Investor under the Transaction Documents shall be or have been adjusted accordingly as appropriate.
Appears in 1 contract
Sources: Class B Ordinary Share and Warrant Purchase Agreement (Ruipeng Pet Group Inc.)
Several and Not Joint Obligations. The Investors’ respective obligations, undertakings, warranties, representations and liabilities under this Agreement are several and not joint. In the event that an Investor fails to or decides not to close the purchase and sale of the applicable Series C+ Closing B Preferred Shares contemplated hereunder, each of the other Investors may elect at its sole discretion to proceed or not to proceed with the Closing, provided that if such other Investor elects to proceed with the Closing, the relevant provisions under the Transaction Documents shall be or have been adjusted accordingly as appropriate.
Appears in 1 contract
Sources: Series B Preferred Share Purchase Agreement (Burning Rock Biotech LTD)