Common use of Acknowledgments; Obligations Several Clause in Contracts

Acknowledgments; Obligations Several. Notwithstanding that this Agreement is being executed by multiple Consenting Parties, the obligations of the Consenting Parties under this Agreement are several and neither joint nor joint and several. No Consenting Party shall be responsible in any way for the performance of the obligations or any breach of any other Consenting Party under this Agreement, and nothing contained herein, and no action taken by any Consenting Party pursuant hereto shall be deemed to constitute the Consenting Party as a partnership, an association or joint venture of any kind, or create a presumption that the Consenting Parties are in any way acting other than in their individual capacities. None of the Consenting Parties shall have any fiduciary duty or other duties or responsibilities in any kind or form to each other, the Company or any of the Company’s other lenders, noteholders or stakeholders as a result of this Agreement or the transactions contemplated hereby. Each Consenting Party acknowledges that no other Consenting Party will be acting as agent of such Consenting Party in connection with monitoring such Consenting Party’s investment or enforcing its rights under this Agreement, the Definitive Documents, or any other documents to be entered into in connection with the consummation of the Transaction. The Consenting Parties are not intended to be, and shall not be deemed to be, a “Group” for purposes of Section 13(d) of the Securities Exchange Act.

Appears in 3 contracts

Samples: Agreement (Peabody Energy Corp), Agreement (Peabody Energy Corp), Agreement (Peabody Energy Corp)

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Acknowledgments; Obligations Several. Notwithstanding that this Agreement is being executed by multiple Consenting PartiesNoteholders, the obligations of the Consenting Parties Noteholders under this Agreement are several and neither joint nor joint and several. No Consenting Party Noteholder shall be responsible in any way for the performance of the obligations or any breach of any other Consenting Party Noteholder under this Agreement, and nothing contained herein, and no action taken by any Consenting Party Noteholder pursuant hereto shall be deemed to constitute the Consenting Party Noteholders as a partnership, an association or joint venture of any kind, or create a presumption that the Consenting Parties Noteholders are in any way acting other than in their individual capacities. None of the Consenting Parties Noteholders shall have any fiduciary duty or other duties or responsibilities in any kind or form to each other, the Company or any of the Company’s other lenders, noteholders or stakeholders as a result of this Agreement or the transactions contemplated hereby. Each Consenting Party Noteholder acknowledges that no other Consenting Party Noteholder will be acting as agent of such Consenting Party Noteholders in connection with monitoring such Consenting PartyNoteholder’s investment or enforcing its rights under this Agreement, the Definitive Documents, or any the other transaction documents to be entered into in connection with the consummation of the TransactionRestructuring. The Consenting Parties are Each Party agrees and acknowledges that this Agreement does not intended to beconstitute a commitment to, and nor shall not be deemed to be, a “Group” for purposes of Section 13(d) it obligate any of the Securities Exchange ActParties to, provide any new financing or credit support, except to the extent expressly provided in the Cash Collateral Order.

Appears in 2 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Goodman Networks Inc)

Acknowledgments; Obligations Several. This Agreement is not and shall not be deemed to be a solicitation for the Exchange Offer. Notwithstanding that this Agreement is being executed by multiple Consenting PartiesSupporting Noteholders, the obligations of the Consenting Parties Supporting Noteholders under this Agreement are several and neither joint nor joint and several. No Consenting Party Supporting Noteholder shall be responsible in any way for the performance of the obligations or any breach of any other Consenting Party Supporting Noteholder under this Agreement, and nothing contained herein, and no action taken by any Consenting Party Supporting Noteholder pursuant hereto shall be deemed to constitute the Consenting Party Supporting Noteholders as a partnership, an association or joint venture of any kind, or create a presumption that the Consenting Parties Supporting Noteholders are in any way acting other than in their individual capacities. None of the Consenting Parties Supporting Noteholders shall have any fiduciary duty or other duties or responsibilities in any kind or form to each other, the Company or any of the Company’s other lenders, noteholders or stakeholders as a result of this Agreement or the transactions contemplated hereby. Each Consenting Party Supporting Noteholder acknowledges that no other Consenting Party Supporting Noteholder will be acting as agent of such Consenting Party Supporting Noteholders in connection with monitoring such Consenting PartySupporting Noteholder’s investment or enforcing its rights under this Agreement, the Definitive Documents, or any the other transaction documents to be entered into in connection with the consummation of the TransactionTransactions. The Consenting Parties are not intended Neither any Restricted Noteholder nor any Restricted Claim shall be subject to be, or bound by this Agreement and no Noteholder shall not have any obligations or be deemed to behave made any representations, a “Group” for purposes of Section 13(d) warranties, covenants or agreements in this Agreement with respect thereto. No securities of the Securities Exchange ActCompany are being offered or sold hereby and this Agreement neither constitutes an offer to sell nor a solicitation of an offer to buy any securities of the Company.

Appears in 1 contract

Samples: Refinancing Support Agreement (Cumulus Media Inc)

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Acknowledgments; Obligations Several. Notwithstanding that this Agreement is being executed by multiple Consenting Parties, the obligations of the Consenting Parties under this Agreement are several and neither joint nor joint and several. No Consenting Party shall be responsible in any way for the performance of the obligations or any breach of any other Consenting Party under this Agreement, and nothing contained herein, and no action taken by any Consenting Party pursuant hereto shall be deemed to constitute the Consenting Party as a partnership, an association or joint venture of any kind, or create a presumption that the Consenting Parties are in any way acting other than in their individual capacities. None of the Consenting Parties shall have any fiduciary duty or other duties or responsibilities in any kind or form to each other, the Company Parties or any of the Company’s other lenders, noteholders or stakeholders as a result of this Agreement or the transactions contemplated hereby. Each Consenting Party acknowledges that no other Consenting Party will be acting as agent of such Consenting Party in connection with monitoring such Consenting Party’s investment or enforcing its rights under this Agreement, the Definitive Documents, or any other documents to be entered into in connection with the consummation of the Transaction. The Consenting Parties are not intended to be, and shall not be deemed to be, a “Group” for purposes of Section 13(d) of the Securities Exchange Act.

Appears in 1 contract

Samples: Transaction Support Agreement (DIEBOLD NIXDORF, Inc)

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