No Joint Obligation Sample Clauses

No Joint Obligation. The obligation of the Purchaser hereunder is several and not joint with the obligations of any other purchasers for the purchase of the Securities in the Offering (the “Other Purchasers”), and the Purchaser shall not be responsible in any way for the performance of the obligations of any Other Purchasers. Nothing contained herein or in any other agreement or document delivered at the Closing, and no action taken by the Purchaser pursuant hereto, shall be deemed to constitute the Purchaser and the Other Purchasers 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 are in any way acting in concert with respect to such obligations or the transactions contemplated by this Agreement. The Purchaser shall be entitled to protect and enforce the Purchaser’s rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any Other Purchaser to be joined as an additional party in any proceeding for such purpose. The language used in this Agreement will be deemed to be the language chosen by the Parties to express their mutual intent, and no rules of strict construction will be applied against any Party. [SIGNATURE PAGE FOLLOWS]
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No Joint Obligation. The obligations of the District, City, and Foundation under this Agreement are several obligations, and are not joint obligations.
No Joint Obligation. The obligations of the School District and CSU under this agreement are several obligations, and are not joint obligations.
No Joint Obligation. The obligations of District 625 and the YMCA under this Lease are several obligations and are not joint obligations.
No Joint Obligation. The obligation of District and YMCA under this Agreement are several obligations and are not joint obligations nor joint and several obligations.

Related to No Joint Obligation

  • Independent Obligations The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

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