Several and Not Joint Obligations. The obligations of the Stockholders under this Agreement are the several and not joint obligations, each Stockholder has made an individual and separate decision relating to his execution of this Agreement, and the Stockholders shall not by action of this Agreement (i) be deemed to be acting in concert or as a "group" (within the meaning of Section 13(d)(3) of the ▇▇▇▇ ▇▇▇) or (ii) be deemed to have formed a partnership or joint venture.
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Sources: Voting Agreement (Candlewood Hotel Co Inc), Voting Agreement (J P Morgan Chase & Co)
Several and Not Joint Obligations. The obligations of the Stockholders under this Agreement are the several and not joint obligations, each Stockholder has made an individual and separate decision relating to his execution of this Agreement, and the Stockholders shall not by action of this Agreement (i) be deemed to be acting in concert or as a "“group" ” (within the meaning of Section 13(d)(3) of the ▇▇▇▇ ▇▇▇) or (ii) be deemed to have formed a partnership or joint venture.
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