Common use of Research Analyst Independence Clause in Contracts

Research Analyst Independence. The Company and the Guarantors acknowledge that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors by such Underwriters’ investment banking divisions. The Company and the Guarantors acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Shareholder hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Shareholder may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Shareholder by such Underwriters’ investment banking divisions. The Company and the Guarantors Selling Shareholder acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors Partnership Parties acknowledge that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership and/or the offering that differ from the views of their respective investment banking divisions. The Company Each of the Partnership Parties hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that any of the Company or the Guarantors Partnership Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to any of the Company or the Guarantors Partnership Parties by such Underwriters’ investment banking divisions. The Company and Each of the Guarantors acknowledge Partnership Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors Manager acknowledge that the Underwriters’ respective research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ respective research analysts and research departments may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Manager hereby waive and release, to the fullest extent permitted by applicable law, any claims that the Company or the Guarantors Manager may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent respective research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Manager by such Underwriters’ respective investment banking divisions. The Company and the Guarantors Manager acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies Company and other entities that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors Partnership Parties acknowledge that (a) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (b) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership, the value of the Common Units and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Partnership Parties hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors they may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Partnership by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Guarantors Partnership Parties acknowledge that each of the Underwriters is a full service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies entities that may be are the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors Partnership Parties acknowledge that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership and/or the offering that differ from the views of their respective investment banking divisions. The Company Each of the Partnership Parties hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Guarantors Partnership Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to any of the Company or the Guarantors Partnership Parties by such Underwriters’ investment banking divisions. The Company and Each of the Guarantors acknowledge Partnership Parties acknowledges that each of the Underwriters is a full full-service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ Underwriter’s research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ the Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Stockholders may have against the Underwriters Underwriter with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Stockholders by such Underwriters’ the Underwriter’s investment banking divisions. The Company and the Guarantors Selling Stockholders acknowledge that each of the Underwriters Underwriter is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors Partnership Parties acknowledge that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership and/or the offering that differ from the views of their respective investment banking divisions. The Company Each of the Partnership Parties hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that any of the Company or the Guarantors Partnership Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to any of the Company or the Guarantors Partnership Parties by such Underwriters’ investment banking divisions. The Company and Each of the Guarantors Partnership Parties acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ Underwriter’s research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ the Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Stockholders may have against the Underwriters Underwriter with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Stockholders by such Underwriters’ the Underwriter’s investment banking divisions. The Company and the Guarantors Selling Stockholders acknowledge that each of the Underwriters Underwriter is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge Partnership acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership and/or the offering that differ from the views of their respective investment banking divisions. The Company Each of the Partnership Parties hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that any of the Company or the Guarantors Partnership Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to any of the Company or the Guarantors Partnership Parties by such Underwriters’ investment banking divisions. The Company and Each of the Guarantors acknowledge Partnership Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors Selling Shareholder acknowledge that the Underwriters’ Underwriter’s research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ the Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Shareholder hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Shareholder may have against the Underwriters Underwriter with respect to any conflict of interest that may arise from the fact that the views expressed by their its independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Shareholder by such Underwriters’ the Underwriter’s investment banking divisions. The Company and the Guarantors Selling Shareholder acknowledge that each of the Underwriters Underwriter is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or its subsidiaries and/or the offering that differ from the views of their respective investment banking divisions. The Company hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or any subsidiary of the Guarantors Company may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or any subsidiary of the Guarantors Company by such Underwriters’ investment banking divisions. The Company and the Guarantors acknowledge acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies entities that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors each Selling Stockholder hereby waive waives and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Guarantors any Selling Stockholder may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors any Selling Stockholder by such Underwriters’ investment banking divisions. The Company and the Guarantors acknowledge each Selling Stockholder acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and Each of the Guarantors acknowledge Breitburn Parties acknowledges that the Underwriters’ each Underwriter’s research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or Partnership or the offering of the Units that differ from the views of their respective investment banking divisions. The Company Each of the Breitburn Parties hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Guarantors such party may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Partnership by such Underwriters’ Underwriter’s investment banking divisions. The Company and Each of the Guarantors acknowledge Breitburn Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors Selling Stockholders acknowledge that the Underwriters’ Underwriter’s research analysts and research departments department are required to be independent from their respective its investment banking divisions division and are subject to certain regulations and internal policies, and that such Underwriters’ the Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective its investment banking divisionsdivision. The Company and the Guarantors Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Stockholders may have against the Underwriters Underwriter with respect to any conflict of interest that may arise from the fact that the views expressed by their its independent research analysts and research departments department may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Stockholders by such Underwriters’ Underwriter’s investment banking divisionsdivision. The Company and the Guarantors Selling Stockholders acknowledge that each of the Underwriters Underwriter is a full service securities firm and as such such, from time to time, time and subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ Underwriter’s research analysts and research departments are required to be independent from their its respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ the Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Stockholders may have against the Underwriters Underwriter with respect to any conflict of interest that may arise from the fact that the views expressed by their its independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Stockholders by such Underwriters’ the Underwriter’s investment banking divisions. The Company and the Guarantors Selling Stockholders acknowledge that each of the Underwriters Underwriter is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ Underwriter’s research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ the Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Shareholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Shareholders may have against the Underwriters Underwriter with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Shareholders by such Underwriters’ the Underwriter’s investment banking divisions. The Company and the Guarantors Selling Shareholders acknowledge that each of the Underwriters Underwriter is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors Transaction Entities acknowledge that (a) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (b) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Company, the value of the Common Stock and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Transaction Entities hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors they may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Transaction Entities by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Guarantors Transaction Entities acknowledge that each of the Underwriters is a full full-service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be are the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and Each of the Guarantors acknowledge CDM Parties acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or or publish research reports with respect to the Company and/or Partnership or the offering of the Units that differ from the views of their respective investment banking divisions. The Company Each of the CDM Parties hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Guarantors CDM Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors CDM Parties by such Underwriters’ investment banking divisions. The Company and Each of the Guarantors acknowledge CDM Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or 24 short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. ​ The Company and the Guarantors acknowledge acknowledges that (i) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (ii) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Company, the value of the common stock of the Company, the Securities and/or the offering Offering that differ from the views of their respective investment banking divisions. The Company hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Guarantors it may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Guarantors acknowledge acknowledges that each of the Underwriters is a full service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be are the subject of the transactions contemplated by this Agreement.. ​

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Stockholder hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Stockholder may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Stockholder by such Underwriters’ investment banking divisions. The Company and the Guarantors acknowledge Selling Stockholder acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge Partnership acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership and/or the offering that differ from the views of their respective investment banking divisions. The Company Each of the WLK Parties hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that any of the Company or the Guarantors WLK Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to any of the Company or the Guarantors WLK Parties by such Underwriters’ investment banking divisions. The Company and Each of the Guarantors acknowledge WLK Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge Issuer acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Issuer and its Subsidiaries and/or the offering that differ from the views of their respective investment banking divisions. The Company Issuer hereby waives and the Guarantors hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company Issuer or the Guarantors any Subsidiary may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company Issuer or the Guarantors any Subsidiary by such Underwriters’ investment banking divisions. The Company and the Guarantors acknowledge Issuer acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies entities that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or or publish research reports with respect to the Company and/or or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Shareholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Shareholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Shareholders by such Underwriters’ investment banking divisions. The Company and the Guarantors Selling Shareholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company and the Guarantors acknowledge acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective the investment banking divisions division and are subject to certain regulations and internal policies, and that such the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Guarantors Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Guarantors Selling Stockholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Guarantors Selling Stockholders by such the Underwriters’ investment banking divisions. The Company and the Guarantors Selling Stockholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.