Common use of Shareholder Obligations Clause in Contracts

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Viva International Inc), Asset Purchase Agreement (Jordan 1 Holdings Co)

Shareholder Obligations. The liability of each Shareholder Shareholders hereunder shall be joint and several with Seller and with the other ShareholderShareholders. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Age Research Inc), Asset Purchase Agreement (Aberdeen Idaho Mining Co)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 115.

Appears in 1 contract

Sources: Asset Purchase Agreement (Widepoint Corp)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake undertakes to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 1 contract

Sources: Asset Purchase Agreement (National Coal Corp)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake undertakes to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 11, subject to the limitations set forth therein.

Appears in 1 contract

Sources: Asset Purchase Agreement (Intricon Corp)

Shareholder Obligations. The liability of each the Shareholder hereunder ------------------------ shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake undertakes to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, the Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.6. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

Appears in 1 contract

Sources: Asset Purchase Agreement (Gsi Group Inc)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake undertakes to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 1 contract

Sources: Asset Purchase Agreement (Big Dog Holdings Inc)

Shareholder Obligations. The Subject to Section 11.11, the liability of each Shareholder hereunder shall be joint and several with Seller and with the other Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 11XI.

Appears in 1 contract

Sources: Asset Purchase Agreement (Winnebago Industries Inc)

Shareholder Obligations. The liability of each the Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake undertakes to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 1 contract

Sources: Asset Purchase Agreement (MBI Financial, Inc.)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 1 contract

Sources: Asset Purchase Agreement (Aberdeen Idaho Mining Co)

Shareholder Obligations. The liability of each Principal Shareholder hereunder shall be joint and several with Seller and with the other Principal Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Principal Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Principal Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 1 contract

Sources: Asset Purchase Agreement (Findwhat Com Inc)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller ▇▇▇▇▇▇ and with the other Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 1 contract

Sources: Asset Purchase Agreement

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other ShareholderShareholders. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.

Appears in 1 contract

Sources: Asset Purchase Agreement (Rollins Inc)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 118.

Appears in 1 contract

Sources: Asset Purchase Agreement (Action Products International Inc)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 11.limiting

Appears in 1 contract

Sources: General Provisions

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake undertakes to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 11Termination Fee payment obligations under Section 5.04(e).

Appears in 1 contract

Sources: Stock Purchase Agreement (United Bancshares Inc/Oh)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 116.

Appears in 1 contract

Sources: Asset Purchase Agreement (cbdMD, Inc.)

Shareholder Obligations. The Except as set forth in Section 6.5, the liability of each Shareholder hereunder shall be joint and several with each Seller and with the other Shareholder. Where in this Agreement provision is made for any action to be taken or not taken by any Seller, Shareholder the Shareholders, jointly and severally undertake to cause the Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder except as set forth in Section 6.5, it is understood that the Shareholders shall be jointly and severally liable with Seller the Sellers for the indemnities set forth in Article 11ARTICLE 6.

Appears in 1 contract

Sources: Asset Purchase Agreement (API Technologies Corp.)

Shareholder Obligations. The liability of each the Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, the Shareholder jointly and severally undertake undertakes to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, the Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 119.

Appears in 1 contract

Sources: Asset Purchase Agreement (Electric Fuel Corp)

Shareholder Obligations. The liability of each Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder jointly and severally undertake undertakes to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 119.

Appears in 1 contract

Sources: Asset Purchase Agreement (American Healthchoice Inc /Ny/)

Shareholder Obligations. The liability of each Shareholder Shareholders hereunder shall be joint and several with Seller and with the other ShareholderShareholders. Where in this Agreement provision is made for any action to be taken or not taken by Seller, Shareholder Shareholders jointly and severally undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, Shareholder Shareholders shall be jointly and severally liable with Seller for the indemnities set forth in Article 1112.

Appears in 1 contract

Sources: Asset Purchase Agreement (MotivNation, Inc.)

Shareholder Obligations. The liability of each the Shareholder hereunder shall be joint and several with Seller and with the other ShareholderSeller. Where in this Agreement provision is made for any action to be taken or not taken by Seller, the Shareholder jointly and severally shall undertake to cause Seller to take or not take such action, as the case may be. Without limiting the generality of the foregoing, the Shareholder shall be jointly and severally liable with Seller for the indemnities set forth in Article 118.

Appears in 1 contract

Sources: Asset Purchase Agreement (Allis Chalmers Energy Inc.)