Several Liabilities Sample Clauses
The 'Several Liabilities' clause defines that each party to an agreement is responsible only for its own obligations and liabilities, rather than being jointly liable with other parties. In practice, this means that if one party fails to fulfill its duties or incurs a loss, the other parties are not automatically required to cover that party's share or compensate for its default. This clause is commonly used in contracts involving multiple parties, such as consortiums or partnerships, to ensure that risk and responsibility are allocated individually. Its core function is to prevent parties from being held accountable for the actions or failures of others, thereby clarifying and limiting each party's exposure to liability.
Several Liabilities. The liability of any Holder hereunder is several (and not joint). Notwithstanding any other provision of this Agreement, in no event will any Holder be liable for any other Holder’s breach of such other Holder’s obligations under this Agreement.
Several Liabilities. No Participant shall be liable under this Agreement for the obligations of any other Participant, and each Participant shall be solely responsible and liable for performance of its obligations under this Agreement, except as otherwise provided for herein, and the obligation of each Participant under this Agreement is a several obligation and not a joint obligation with those of the other Participants.
Several Liabilities. No Participant shall, in the first instance, be liable under this Agreement for the obligations of any other Participant or for the obligations of NCPA incurred on behalf of other Participants. Each Participant shall be solely responsible and liable for performance of its obligations under this Agreement, except as otherwise provided for herein. The obligation of each Participant under this Agreement is, in the first instance, a several obligation and not a joint obligation with those of the other Participants. Notwithstanding the foregoing, the Participants acknowledge that any debts or obligations incurred by NCPA under this Agreement on behalf of any of them shall be borne solely by such Participants, and not by non-Participant Members of NCPA, pursuant to Article IV, Section 3(b) of the Joint Powers Agreement.
Several Liabilities. The representations, warranties, covenants and agreements of each Stockholder are made and given severally only, and not jointly and severally, and no Stockholder shall have any liability to Parent, Merger Sub, the Company or any other person for any breach of this Agreement by any other Stockholder party hereto.
Several Liabilities. The liabilities of the Investors under or in relation to a breach of any representation, warranty, undertaking or covenant made under this Agreement by any of them shall be several, independent and not joint. No Investor shall have any liability in respect of any breach of any Transaction Document by the other Investor.
Several Liabilities. The obligations and liabilities of Vivo Capital and Vivo Capital Surplus under this Agreement shall be several and not joint. In witness whereof, each of the undersigned has duly executed this Agreement as of the date first written above. By: /s/ W▇▇▇▇▇▇ ▇▇▇ Name: W▇▇▇▇▇▇ ▇▇▇ Title: Director By: /s/ W▇▇▇▇▇▇ ▇▇▇ Name: W▇▇▇▇▇▇ ▇▇▇ Title: Director By: /s/ W▇▇▇▇▇▇ ▇▇▇ Name: W▇▇▇▇▇▇ ▇▇▇ Title: Director In witness whereof, each of the undersigned has duly executed this Agreement as of the date first written above.
C- BRIDGE HEALTHCARE FUND II, L.P.
Several Liabilities. All warranties, representations, indemnities, covenants, agreements and obligations in this Agreement given or entered into by more than one person are given or entered into severally unless a contrary indication is expressed.
Several Liabilities. No Assignor shall be liable under this Agreement for the obligations of any other Assignor, and each Assignor shall be solely responsible and liable for performance of its obligations under this Agreement, except as otherwise provided for herein, and the obligation of each Assignor under this Agreement is a several obligation and not a joint obligation with those of the other Assignors.
Several Liabilities. (A) All warranties, representations, indemnities, covenants, agreements and obligations given or entered into by the Company and the Founder Shareholder in this Agreement are given or entered into by them jointly and severally.
(B) All warranties, representations, indemnities, covenants, agreements and obligations given or entered into by Richwise and the Indemnifier in this Agreement are given or entered into by them jointly and severally.
Several Liabilities. The liabilities of ▇▇▇▇▇ and each of the Ordinary Shareholders under this Agreement shall be several, and none of them shall be liable or responsible for any act, default, omission or breach of the other(s).