Common use of Multiple Purchasers Clause in Contracts

Multiple Purchasers. If the Purchaser includes two or more Shareholders, the purchasing Shareholders shall purchase the Shares or Interest of the Vendor pro rata in accordance with the purchasing Shareholders' respective shareholdings in the Company, excluding the Shares of the Vendor, and each purchasing Shareholder shall be liable only for payment of the portion of the Purchase Price payable in respect of the Shares or Interest to be purchased by it. In order to avoid fractional shares, some Shares may be held by the purchasing Shareholders as tenants in common.

Multiple Purchasers. If the Purchaser includes two or more Shareholders, the purchasing Shareholders shall purchase the Shares or Interest of the Vendor pro rata in accordance with the purchasing Shareholders' respective shareholdings in the Company, excluding the Shares of the Vendor, and each purchasing Shareholder shall be liable only for payment of the portion of the Purchase Price payable in respect of the Shares or Interest to be purchased by it. In order to avoid fractional shares, some Shares may be held by the purchasing Shareholders as tenants in common.