Common use of Independent Nature of Each Purchaser’s Obligations and Rights Clause in Contracts

Independent Nature of Each Purchaser’s Obligations and Rights. The obligations of each Purchaser and each Broker under this Agreement are several and not joint with the obligations of any other Purchaser or Broker, and each Purchaser and each Broker shall not be responsible in any way for the performance of the obligations of any other Purchaser or any Broker under this Agreement. Nothing contained herein and no action taken by any Purchaser or Broker pursuant hereto, shall be deemed to constitute such Purchasers and/or Brokers as a partnership, an association, a joint venture, or any other kind of entity, or create a presumption that the Purchasers and/or Brokers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Purchaser and each Broker shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Purchaser or Broker to be joined as an additional party in any proceeding for such purpose.

Appears in 16 contracts

Samples: Registration Rights Agreement (Odyssey Semiconductor Technologies, Inc.), Registration Rights Agreement (Amesite Operating Co), Form of Registration Rights Agreement (Odyssey Semiconductor Technologies, Inc.)

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Independent Nature of Each Purchaser’s Obligations and Rights. The For avoidance of doubt, the obligations of each the Purchaser and each Broker under this Agreement are several and not joint with the obligations of any other Purchaser or BrokerOther Purchaser, and each the Purchaser and each Broker shall not be responsible in any way for the performance of the obligations of any other Other Purchaser or under any Broker under this Other Subscription Agreement. Nothing contained herein and no action taken by any the Purchaser or Broker pursuant hereto, any Other Purchasers shall be deemed to constitute such the Purchaser and the Other Purchasers and/or Brokers as a partnership, an association, a joint venture, or any other kind of entity, or create a presumption that the Purchaser and the Other Purchasers and/or Brokers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this AgreementAgreement and any Other Subscription Agreements. Each Except as specifically set forth herein, the Purchaser and each Broker shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Purchaser or Broker to be joined as an additional party in any proceeding for such purpose.

Appears in 2 contracts

Samples: Subscription Agreement (Transphorm, Inc.), Subscription Agreement (Transphorm, Inc.)

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Independent Nature of Each Purchaser’s Obligations and Rights. The obligations of each Purchaser and each Broker Other Holder under this Agreement are several and not joint with the obligations of any other Purchaser or BrokerOther Holder, and each Purchaser and each Broker Other Holder shall not be responsible in any way for the performance of the obligations of any other Purchaser or any Broker Other Holder under this Agreement. Nothing contained herein and no action taken by any Purchaser or Broker Other Holder pursuant hereto, shall be deemed to constitute such Purchasers and/or Brokers Other Holders as a partnership, an association, a joint venture, or any other kind of entity, or create a presumption that the Purchasers and/or Brokers Other Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Purchaser and each Broker Other Holder shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Purchaser or Broker Other Holder to be joined as an additional party in any proceeding for such purpose.

Appears in 2 contracts

Samples: Registration Rights Agreement (Cur Media, Inc.), Registration Rights Agreement (Ekso Bionics Holdings, Inc.)

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