Common use of Independent Nature of Buyers’ Obligations and Rights Clause in Contracts

Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer hereunder are several and not joint with the obligations of any other Buyers hereunder, and no Buyer shall be responsible in any way for the performance of the obligations of any other Buyer hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no action taken by any Buyer pursuant hereto, shall be deemed to constitute the Buyers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert with respect to such obligations or the transactions contemplated by this Agreement. Each Buyer shall be entitled to protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

Appears in 4 contracts

Sources: Amendment Agreement (ICP Solar Technologies Inc.), Amendment Agreement (ICP Solar Technologies Inc.), Consent and Amendment Agreement (Universal Energy Corp.)

Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer hereunder are several and not joint with the obligations of any other Buyers Buyer hereunder, and no Buyer shall be responsible in any way for the performance of the obligations of any other Buyer hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no action taken by any Buyer pursuant heretohereto or thereto, shall be deemed to constitute the Buyers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert with respect to such obligations or the transactions contemplated by this Agreement. Each Buyer shall be entitled to protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

Appears in 2 contracts

Sources: Registration Rights Agreement (Raser Technologies Inc), Securities Purchase Agreement (Raser Technologies Inc)

Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer hereunder under this Agreement are several and not joint with the obligations of any other Buyers hereunderBuyer, and no Buyer shall be responsible in any way for the performance or non-performance of the obligations of any other Buyer hereunderunder this Agreement. Nothing contained herein or in any other agreement or document delivered at any closingherein, and no action taken by any Buyer pursuant heretohereto or thereto, shall be deemed to constitute the Buyers Buyer as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Buyers Buyer are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Buyer shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

Appears in 1 contract

Sources: Spin Off Agreement (MEDCAREERS GROUP, Inc.)

Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer hereunder are several and not joint with the obligations of any other Buyers Buyer hereunder, and no Buyer shall be responsible in any way for the performance of the obligations of any other Buyer hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no action taken by any Buyer pursuant heretohereto or thereto, shall be deemed to constitute the Buyers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert with respect to such obligations or the transactions contemplated by this Agreement. Each Buyer shall be entitled to protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

Appears in 1 contract

Sources: Registration Rights Agreement (I2 Telecom International Inc)

Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer hereunder under any Transaction Document are several and not joint with the obligations of any other Buyers hereunderBuyer, and no Buyer shall be responsible in any way for the performance of the obligations of any other Buyer hereunderunder any Transaction Document. Nothing contained herein or in any other agreement or document delivered at any closingTransaction Document, and no action taken by any Buyer pursuant heretohereto or thereto, shall be deemed to constitute the Buyers as as, and the Company acknowledges that it has been advised that the Buyers do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert with respect to such obligations or the transactions contemplated by this Agreement. Each Buyer shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this AgreementAgreement or out of any other Transaction Documents, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

Appears in 1 contract

Sources: Securities Purchase Agreement (Comscore, Inc.)

Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer hereunder under this Agreement are several and not joint with the obligations of any other Buyers hereunderBuyer, and no Buyer shall be responsible in any way for the performance or non-performance of the obligations of any other Buyer hereunderunder this Agreement. Nothing contained herein or in any other agreement or document delivered at any closingherein, and no action taken by any Buyer pursuant heretohereto or thereto, shall be deemed to constitute the Buyers Buyer as a partnership, an association, a joint venture venture, or any other kind of entity, or create a presumption that the Buyers Buyer are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Buyer shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

Appears in 1 contract

Sources: Spin Off Agreement (Gratitude Health, Inc.)

Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer hereunder under this Agreement are several and not joint with the obligations of any other Buyers hereunderBuyer, and no Buyer shall be responsible in any way for the performance of the obligations of any other Buyer hereunderunder this Agreement. Nothing contained herein or in any other agreement or document delivered at any closingthis Agreement, and no action taken by any Buyer pursuant hereto, shall be deemed to constitute the Buyers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Subject to the provisions of Section 9(e) and 9(f) of this Agreement, each Buyer shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

Appears in 1 contract

Sources: Securities Purchase Agreement (Manufacturers Services LTD)

Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer hereunder under this Agreement are several and not joint with the obligations of any other Buyers hereunderBuyer, and no Buyer shall be responsible in any way for the performance or non-performance of the obligations of any other Buyer hereunderunder this Agreement. Nothing contained herein or in any other agreement or document delivered at any closingherein, and no action taken by any Buyer pursuant heretohereto or thereto, shall be deemed to constitute the Buyers as a partnership, an association, a joint venture venture, or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Buyer shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

Appears in 1 contract

Sources: Spin Off Agreement (EXOlifestyle, Inc.)