Understanding Among the Purchasers. The determination of each Purchaser to purchase the Preferred Stock pursuant to this Agreement has been made by such Purchaser independent of any other Purchaser and independent of any statements or opinions as to the advisability of such purchase or as to the properties, business, prospects or condition (financial or otherwise) of the Company and its Subsidiaries which may have been made or given by any other Purchaser or by any agent or employee of any other Purchaser. In addition, it is acknowledged by each of the other Purchasers that MDP has not acted as an agent of such Purchaser in connection with making its investment hereunder and that MDP shall not be acting as an agent of such Purchaser in connection with monitoring its investment hereunder.
Appears in 2 contracts
Sources: Preferred Stock Purchase Agreement (Rural Cellular Corp), Preferred Stock Purchase Agreement (Madison Dearborn Capital Partners Iii Lp)