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their individual capacities, and not as representatives of the Company, solely for the purposes of the provisions of SECTION 1.1 regarding their agreement to vote, SECTION 3 regarding Co-Sale and other matters, for the purposes of making the representations and warranties set forth in this SECTION 6.11 and for the purposes of the applicable miscellaneous provisions set forth in this SECTION 6, and shall have no personal liability for any other provisions contained herein.", "size": 3, "snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [51, 68]}, {"key": "the-parties-acknowledge", "type": "clause", "offset": [70, 93]}, {"key": "principal-shareholders", "type": "definition", "offset": [103, 125]}, {"key": "signed-this", "type": "definition", "offset": [131, 142]}, {"key": "individual-capacities", "type": "clause", "offset": [162, 183]}, {"key": "of-the-company", "type": "clause", "offset": [212, 226]}, {"key": "the-provisions-of-section", "type": "clause", 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and Duties"], ["servicing-standard-servicing-duties", "Servicing Standard; Servicing Duties"], ["master-servicer-may-own-certificates", "Master Servicer May Own Certificates"], ["rule-144a-information", "Rule 144A Information"], ["sub-servicing", "Sub-Servicing"]], "parents": [["non-disclosure-and-non-compete-terms", "Non Disclosure and Non Compete Terms"], ["non-competition-covenants", "Non Competition Covenants"], ["non-disclosure-of-confidential-information", "Non Disclosure of Confidential Information"], ["miscellaneous", "Miscellaneous"], ["settlement", "SETTLEMENT"]], "id": "capacities", "related": [["capacity", "Capacity", "Capacity"], ["roles", "Roles", "Roles"], ["agents-in-their-individual-capacities", "Agents in their Individual Capacities", "Agents in their Individual <strong>Capacities</strong>"], ["role", "Role", "Role"], ["positions", "Positions", "Positions"]], "related_snippets": [], "updated": "2026-02-20T05:50:57+00:00", "also_ask": ["What are the essential elements to define parties' capacities unambiguously?", "How can capacity clauses be leveraged to allocate risk or limit liability?", "What are common pitfalls or fatal flaws in drafting capacity provisions?", "How do capacity requirements differ across key jurisdictions or contract types?", "What evidence is typically required to prove or challenge capacity in court?"], "drafting_tip": "Specify the roles and authority of each party to prevent misunderstandings; clarify limitations on capacities to avoid unauthorized actions; define terms used to ensure enforceability.", "explanation": "The \"Capacities\" clause defines the legal roles and authority of the parties entering into an agreement. It clarifies whether each party is acting as an individual, a company, an agent, or in another specific capacity, and may require parties to confirm they have the power to enter into the contract. This clause ensures that all parties are properly authorized and helps prevent disputes about whether a party had the right to bind themselves or others, thereby safeguarding the enforceability of the agreement."}, "json": true, "cursor": ""}}