Common use of Underwriter Liability Clause in Contracts

Underwriter Liability. Nothing contained in this Agreement or any document delivered herewith shall require or imply that the Subscriber is or be an Underwriter as defined in the 1933 Act or 1934 Act, nor a "statutory underwriter." The Subscriber shall not be required to take any action or assume any liability or obligation which would or could impose Underwriter or "statutory underwriter" status or liability on the Subscriber. Subscriber acknowledges that the Company may be required by the 1933 Act and the rules promulgated thereunder to identify Subscriber or any holder of the Shares as a potential underwriter in any registration statement filed in respect of the resale of the Shares with the SEC.