Common use of Relationship Among Parties Clause in Contracts

Relationship Among Parties. Notwithstanding anything herein to the contrary, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, (ii) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement does not constitute an agreement, arrangement or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (v) none of the Parties shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheet; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 13 contracts

Samples: Plan Support Agreement (Garrett Motion Inc.), Plan Support Agreement (Garrett Motion Inc.), Plan Support Agreement (Garrett Motion Inc.)

AutoNDA by SimpleDocs

Relationship Among Parties. Notwithstanding anything herein to the contrary, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, (ii) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (v) none of the Parties shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheet; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 3 contracts

Samples: Lease Agreement, Facility Lease Agreement, Facility Lease Agreement (FirstEnergy Solutions Corp.)

Relationship Among Parties. Notwithstanding anything herein to the contrarycontrary herein, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, and this Agreement shall be deemed to be a separate agreement with respect to each Backstop Shareholder and the Xxxxx Group it being acknowledged and agreed that each Backstop Shareholder and the Xxxxx Group is acting with respect to its separate and distinct interests; (ii) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting voting, or disposing of any equity securities of the Debtors and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (amended, nor an “acuerdo de actuación conjunta" within the “Exchange Act”)meaning of Article 98 of Chilean Law No. 18,045; and (v) none of the Parties shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the Debtors, or any of the Debtors’ other creditors or stakeholders, including as a result of this Agreement or the transactions contemplated herein here. For the avoidance of doubt, the Commitment Creditors are not insiders of Company or in the Term Sheet; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “groupits subsidiaries.

Appears in 2 contracts

Samples: Restructuring Support Agreement (Qatar Airways Investments (UK) Ltd.), Restructuring Support Agreement (Costa Verde Aeronautica S.A.)

Relationship Among Parties. Notwithstanding anything herein in this Agreement to the contrary, (i) the representations, warranties, duties and obligations of the Parties Consenting Stakeholders under this Agreement shall be several, not joint. It is understood and agreed that no Consenting Stakeholder has any duty of trust or confidence in any kind or form with any Party, (ii) and, except as expressly provided in this Agreement, there are no commitments among or between them. In this regard, it is understood and agreed that any Consenting Stakeholder may trade in the Company Claims/Interests without the consent of any other Party, subject to applicable securities laws and the terms of this Agreement. No Party to this Agreement shall have any responsibility with respect to the Transfer of any Company Claims/Interests by any other Party by virtue of this Agreement for any trading by any other entity; (iii) no Agreement. No prior history, pattern, pattern or practice of sharing confidences among or between the Parties shall in any way affect or negate this understanding and agreement. No Party shall, as a result of its entering into and performing its obligations under this Agreement; (iv) the Parties hereto acknowledge that this agreement does not constitute an agreement, arrangement or understanding with respect be deemed to acting together for the purpose be part of acquiring, holding, voting or disposing of any equity securities of the Debtors and the Parties do not constitute a “group” within (as that term is used in Section 13(d) of the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (v) none with any other Party. For the avoidance of the Parties shall have any fiduciary dutydoubt, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheet; and (vi) no action taken by any a Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that any or all of the Parties are in any way acting in concert or as such a “group.” The execution of this Agreement by any Party shall not create, or be deemed to create, any fiduciary or other duties (actual or implied) to any other Party other than non-fiduciary duties as expressly set forth in this Agreement.

Appears in 2 contracts

Samples: Transaction Support Agreement (Neiman Marcus Group LTD LLC), neiman.gcs-web.com

Relationship Among Parties. Notwithstanding anything herein to the contrary, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, joint and several; (ii) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors Company Parties, and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)amended; (v) none of the Parties Consenting Lenders shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the Company Parties or any of the Company Parties’ other lenders or stakeholders, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheetany exhibit hereto; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute constitute, or to create a presumption by any of the Parties Parties, that the Parties are in any way acting in concert or as such a “group.”

Appears in 2 contracts

Samples: Restructuring Support Agreement (Garrett Motion Inc.), Restructuring Support Agreement (Garrett Motion Inc.)

Relationship Among Parties. Notwithstanding anything herein to the contrary, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, joint and several; (ii) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting voting, or disposing of any equity securities of the Debtors Company Parties and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)amended; (v) none of the Parties Consenting Lenders shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the Company Parties or any of the Company Parties’ other lenders or stakeholders, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheetany exhibit hereto; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 1 contract

Samples: Restructuring Support Agreement (Pennsylvania Real Estate Investment Trust)

Relationship Among Parties. Notwithstanding anything herein to the contrary, (ia) the duties and obligations of the Parties under this Agreement shall be several, not joint, ; (iib) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iiic) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (ivd) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting voting, or disposing of any equity securities of the Debtors Company and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended amended; and (the “Exchange Act”); (ve) none of the Parties Consenting Stakeholders shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, including the Company or any of the Company’s other creditors or stakeholders, except as a result of this Agreement or the transactions contemplated herein or in the Term Sheet; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “groupRestructuring Transactions.

Appears in 1 contract

Samples: Restructuring Support Agreement (WeWork Inc.)

Relationship Among Parties. (a) Notwithstanding anything herein to the contrary, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, (ii) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors Company Parties and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)amended; (v) none of the Parties shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, including as a result of this Agreement or the transactions contemplated herein or in the Term SheetPlan; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 1 contract

Samples: Restructuring Support Agreement (Venator Materials PLC)

Relationship Among Parties. Notwithstanding anything herein to the contrary, (ia) the duties and obligations of the Parties under this Agreement shall be several, not joint, ; (iib) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iiic) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (ivd) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting voting, or disposing of any equity securities of the Debtors Company and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended amended; and (the “Exchange Act”); (ve) none of the Parties Consenting Noteholders shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the Company or any of the Company’s other creditors or stakeholders, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheet; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “groupRestructuring Transactions.

Appears in 1 contract

Samples: Credit Agreement (Party City Holdco Inc.)

Relationship Among Parties. Notwithstanding anything herein to the contrary, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, joint and several; (ii) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting voting, or disposing of any equity securities of the Debtors NPC Entities and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)amended; (v) none of the Parties Consenting Creditors shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the NPC Entities or any of the NPC Entities’ other lenders or stakeholders, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheetany exhibit hereto; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 1 contract

Samples: Restructuring Support Agreement

Relationship Among Parties. Notwithstanding anything herein to the contrary, (ia) the duties and obligations of the Parties under this Agreement shall be several, not joint, joint and several; (iib) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iiic) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement does not constitute an agreement, arrangement or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (vd) none of the Parties Consenting Creditors shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the Company Parties or any of the Company Parties’ other lenders or stakeholders, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheetany exhibit hereto; and (vie) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 1 contract

Samples: Restructuring Support Agreement (Cano Health, Inc.)

AutoNDA by SimpleDocs

Relationship Among Parties. (a) Notwithstanding anything herein to the contrary, (i) the duties and obligations of the Parties under this Amended Agreement shall be several, not joint, (ii) no Party shall have any responsibility by virtue of this Amended Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Amended Agreement; (iv) the Parties hereto acknowledge that this agreement Amended Agreement does not constitute an agreement, arrangement or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (v) none of the Parties shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, including as a result of this Amended Agreement or the transactions contemplated herein or in the Term SheetApproved Plan; and (vi) no action taken by any Party pursuant to this Amended Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 1 contract

Samples: Restructuring Support Agreement (Breitburn Energy Partners LP)

Relationship Among Parties. Notwithstanding anything herein to the contraryUnless expressly stated herein, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, (ii) solely for the benefit of the Parties hereto and no other person or entity shall be a third-party beneficiary hereof. No Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no entity by virtue of this Agreement. No prior history, pattern, pattern or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the understanding and agreement. The Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors Company and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (v) none amended. None of the Parties Consenting Creditors shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the Company or any of the Company’s other lenders or stakeholders, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheetany exhibit hereto; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 1 contract

Samples: Restructuring Support Agreement (Core Scientific, Inc./Tx)

Relationship Among Parties. Notwithstanding anything herein to the contraryUnless expressly stated herein, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, (ii) solely for the benefit of the Parties hereto and no other person or entity shall be a third-party beneficiary hereof. No Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no entity by virtue of this Agreement. No prior history, pattern, pattern or practice of sharing confidences among or between the Parties shall in any way affect or negate this understanding and Agreement; (iv) the . The Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors Company and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (v) none amended. None of the Parties Consenting Creditors, the Equity Committee, nor the Equity Committee Members shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the Company or any of the Company’s other lenders or stakeholders, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheetany exhibit hereto; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 1 contract

Samples: Restructuring Support Agreement (Core Scientific, Inc./Tx)

Relationship Among Parties. Notwithstanding anything herein to the contrary, (ia) the duties and obligations of the Parties under this Agreement shall be several, not joint, ; (iib) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iiic) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (ivd) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting voting, or disposing of any equity securities of the Debtors Debtor, and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended amended; and (the “Exchange Act”); (ve) none of the Supporting Parties shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, including the Debtor, or any of the Debtor’s other creditors or stakeholders, except as a result of this Agreement or the transactions contemplated herein or in the Term Sheet; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “groupRestructuring Transactions.

Appears in 1 contract

Samples: Restructuring Support Agreement (SVB Financial Group)

Relationship Among Parties. (a) Notwithstanding anything herein to the contrary, (i) the duties and obligations of the Parties under this Agreement shall be several, not joint, (ii) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iii) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (iv) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement or understanding with respect to acting together for the purpose of acquiring, holding, voting or disposing of any equity securities of the Debtors and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Securitie s Exchange Act of 1934, as amended (the “Exchange Act”); (v) none of the Parties shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, including as a result of this Agreement or the transactions contemplated herein or in the Term SheetPlan; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “group.”

Appears in 1 contract

Samples: Restructuring Support Agreement

Relationship Among Parties. Notwithstanding anything herein to the contrary, (ia) the duties and obligations of the Parties under this Agreement shall be several, not joint, ; (iib) no Party shall have any responsibility by virtue of this Agreement for any trading by any other entity; (iiic) no prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate this Agreement; (ivd) the Parties hereto acknowledge that this agreement Agreement does not constitute an agreement, arrangement arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting voting, or disposing of any equity securities of the Debtors Company Parties and the Parties do not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended amended; and (the “Exchange Act”); (ve) none of the Parties Consenting Stakeholders shall have any fiduciary duty, any duty of trust or confidence in any form, or other duties or responsibilities in any kind or form to each other, the Company Parties or any of the Company Party’s other creditors or stakeholders, including as a result of this Agreement or the transactions contemplated herein or in the Term Sheet; and (vi) no action taken by any Party pursuant to this Agreement shall be deemed to constitute or to create a presumption by any of the Parties that the Parties are in any way acting in concert or as such a “groupRestructuring Transactions.

Appears in 1 contract

Samples: Restructuring Support Agreement (Airspan Networks Holdings Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.