Common use of Action in Shareholder Capacity Only Clause in Contracts

Action in Shareholder Capacity Only. Each Shareholder who is an officer or director of TeleCorp makes no agreement or understanding herein as director or officer of TeleCorp. Each Shareholder signs solely in his capacity as a record holder and beneficial owner of Shares, and nothing herein shall limit or affect any actions taken in his capacity as an officer or director of TeleCorp.

Action in Shareholder Capacity Only. Each The Shareholder who is an officer or director of TeleCorp makes no agreement or understanding herein as director or officer of TeleCorp. Each The Shareholder signs solely in his capacity as a record holder and beneficial owner of Shares, and nothing herein shall limit or affect any actions taken in his capacity as an officer or director of TeleCorp.