Common use of Independent Nature of Subscribers Clause in Contracts

Independent Nature of Subscribers. The obligations of each Purchaser under this Agreement or other transaction document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under this Agreement or any other transaction document. Each Purchaser shall be responsible only for its own representations, warranties, agreements and covenants hereunder. The decision of each Purchaser to purchase Shares pursuant to this Agreement has been made by such Purchaser independently of any other Purchaser and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may have been made or given by any other Purchaser or by any agent or employee of any other Purchaser, and no Purchaser or any of its agents or employees shall have any liability to any other Purchaser (or any other person) relating to or arising from any such information, materials, statements or opinions. Nothing contained herein or in any other transaction document, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchaser as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchaser are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Except as otherwise provided in this Agreement or any other transaction document, each Purchaser shall be entitled to independently protect and enforce its rights arising out of this Agreement or out of the other transaction documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. Each Subscriber has been represented by its own separate legal counsel in connection with the transactions contemplated hereby.

Appears in 1 contract

Samples: Subscription Agreement (Merica Corp.)

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Independent Nature of Subscribers. The obligations of each Purchaser Subscriber under this Agreement or other transaction document are several and not joint with the obligations of any other PurchaserSubscriber, and no Purchaser Subscriber shall be responsible in any way for the performance of the obligations of any other Purchaser Subscriber under this Agreement or any other transaction document. Each Purchaser Subscriber shall be responsible only for its own representations, warranties, agreements and covenants hereunder. The decision of each Purchaser Subscriber to purchase Shares Securities pursuant to this Agreement has been made by such Purchaser Subscriber independently of any other Purchaser Subscriber and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may have been made or given by any other Purchaser Subscriber or by any agent or employee of any other PurchaserSubscriber, and no Purchaser Subscriber or any of its agents or employees shall have any liability to any other Purchaser Subscriber (or any other person) relating to or arising from any such information, materials, statements or opinions. Nothing contained herein or in any other transaction document, and no action taken by any Purchaser Subscriber pursuant hereto or thereto, shall be deemed to constitute the Purchaser Subscribers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchaser Subscribers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Except as otherwise provided in this Agreement or any other transaction document, each Purchaser Subscriber shall be entitled to independently protect and enforce its rights arising out of this Agreement or out of the other transaction documents, and it shall not be necessary for any other Purchaser Subscriber to be joined as an additional party in any proceeding for such purpose. Each Subscriber has been represented by its own separate legal counsel in connection with the transactions contemplated herebyhereby and acknowledge and understand that Xxxxxx & Xxxxxxxxx LLP has served as counsel to the Placement Agent only.

Appears in 1 contract

Samples: Securities Purchase Agreement (DecisionPoint Systems, Inc.)

Independent Nature of Subscribers. The obligations of each Purchaser Subscriber under this Agreement or other transaction document are several and not joint with the obligations of any other PurchaserSubscriber, and no Purchaser Subscriber shall be responsible in any way for the performance of the obligations of any other Purchaser Subscriber under this Agreement or any other transaction document. Each Purchaser Subscriber shall be responsible only for its own representations, warranties, agreements and covenants hereunder. The decision of each Purchaser Subscriber to purchase Shares Units pursuant to this Agreement has been made by such Purchaser Subscriber independently of any other Purchaser Subscriber and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may have been made or given by any other Purchaser Subscriber or by any agent or employee of any other PurchaserSubscriber, and no Purchaser Subscriber or any of its agents or employees shall have any liability to any other Purchaser Subscriber (or any other person) relating to or arising from any such information, materials, statements or opinions. Nothing contained herein or in any other transaction document, and no action taken by any Purchaser Subscriber pursuant hereto or thereto, shall be deemed to constitute the Purchaser Subscribers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchaser Subscribers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Except as otherwise provided in this Agreement or any other transaction document, each Purchaser Subscriber shall be entitled to independently protect and enforce its rights arising out of this Agreement or out of the other transaction documents, and it shall not be necessary for any other Purchaser Subscriber to be joined as an additional party in any proceeding for such purpose. Each Subscriber has been represented by its own separate legal counsel in connection with the transactions contemplated herebyhereby and acknowledge and understand that Sichenzia Xxxx Xxxxxxx Xxxxxx LLP has served as counsel to the Company only.

Appears in 1 contract

Samples: Subscription Agreement (Originclear, Inc.)

Independent Nature of Subscribers. 26.1 The Company acknowledges that the obligations of each Purchaser Subscriber under this Agreement or Agreement, any other transaction document entered into in connection with this Agreement, and the transactions contemplated hereby and thereby (the "Transaction Documents") are several and not joint with the obligations of any other PurchaserSubscriber, and no Purchaser Subscriber shall be responsible in any way for the performance of the obligations of any other Purchaser Subscriber under this Agreement or any other transaction document. Each Purchaser shall be responsible only for its own representations, warranties, agreements and covenants hereunderthe Transaction Documents. The decision of each Purchaser Subscriber to purchase Shares Securities pursuant to this Agreement has been made by such Purchaser Subscriber independently of any other Purchaser Subscriber and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company or of the Subsidiaries which may have been made or given by any other Purchaser Subscriber or by any agent or employee of any other PurchaserSubscriber, and no Purchaser Subscriber or any of its agents or employees shall have any liability to any other Purchaser Subscriber (or any other person) relating to or arising from any such information, materials, statements or opinions. Nothing The Company further acknowledges that nothing contained herein or in any other transaction documentthe Transaction Documents, and no action taken by any Purchaser Subscriber pursuant hereto or thereto, shall be deemed to constitute the Purchaser Subscribers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchaser Subscribers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreementhereby. Except as otherwise provided in this Agreement or any other transaction document, each Purchaser Each Subscriber shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement or out of the other transaction documentsTransaction Documents, and it shall not be necessary for any other Purchaser Subscriber to be joined as an additional party in any proceeding for such purpose. Each Subscriber has been represented by its own separate legal counsel in connection with the transactions contemplated hereby.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Heartland Oil & Gas Corp)

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Independent Nature of Subscribers. The obligations of each Purchaser Subscriber under this Agreement or other transaction document are several and not joint with the obligations of any other PurchaserSubscriber, and no Purchaser Subscriber shall be responsible in any way for the performance of the obligations of any other Purchaser Subscriber under this Agreement or any other transaction document. Each Purchaser Subscriber shall be responsible only for its own representations, warranties, agreements and covenants hereunder. The decision of each Purchaser Subscriber to purchase Shares Units pursuant to this Agreement has been made by such Purchaser Subscriber independently of any other Purchaser Subscriber and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may have been made or given by any other Purchaser Subscriber or by any agent or employee of any other PurchaserSubscriber, and no Purchaser Subscriber or any of its agents or employees shall have any liability to any other Purchaser Subscriber (or any other person) relating to or arising from any such information, materials, statements or opinions. Nothing contained herein or in any other transaction document, and no action taken by any Purchaser Subscriber pursuant hereto or thereto, shall be deemed to constitute the Purchaser Subscribers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchaser Subscribers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Except as otherwise provided in this Agreement or any other transaction document, each Purchaser Subscriber shall be entitled to independently protect and enforce its rights arising out of this Agreement or out of the other transaction documents, and it shall not be necessary for any other Purchaser Subscriber to be joined as an additional party in any proceeding for such purpose. Each Subscriber has been represented by its own separate legal counsel in connection with the transactions contemplated herebyhereby and acknowledge and understand that Xxxxxxx Law PC has served as counsel to the Company only.

Appears in 1 contract

Samples: Subscription Agreement (Originclear, Inc.)

Independent Nature of Subscribers. The obligations of each Purchaser Subscriber under this Agreement or other transaction document are several and not joint with the obligations of any other PurchaserSubscriber, and no Purchaser Subscriber shall be responsible in any way for the performance of the obligations of any other Purchaser Subscriber under this Agreement or any other transaction document. Each Purchaser Subscriber shall be responsible only for its own representations, warranties, agreements and covenants hereunder. The decision of each Purchaser Subscriber to purchase Shares the Securities pursuant to this Agreement has been made by such Purchaser Subscriber independently of any other Purchaser Subscriber and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may have been made or given by any other Purchaser Subscriber or by any agent or employee of any other PurchaserSubscriber, and no Purchaser Subscriber or any of its agents or employees shall have any liability to any other Purchaser Subscriber (or any other person) relating to or arising from any such information, materials, statements or opinions. Nothing contained herein or in any other transaction document, and no action taken by any Purchaser Subscriber pursuant hereto or thereto, shall be deemed to constitute the Purchaser Subscribers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchaser Subscribers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Except as otherwise provided in this Agreement or any other transaction document, each Purchaser Subscriber shall be entitled to independently protect and enforce its rights arising out of this Agreement or out of the other transaction documents, and it shall not be necessary for any other Purchaser Subscriber to be joined as an additional party in any proceeding for such purpose. Each Subscriber has been represented by its own separate legal counsel in connection with the transactions contemplated herebyhereby and acknowledge and understand that Xxxxxxx Law PC has served as counsel to the Company only.

Appears in 1 contract

Samples: Subscription Agreement (Originclear, Inc.)

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