Common use of Best Efforts; Independent Contractor Clause in Contracts

Best Efforts; Independent Contractor. Anything in this Agreement to the contrary notwithstanding, the Underwriter shall have no obligation to sell any minimum principal amount of Certificates or to purchase Certificates for its own account, for resale or for any other purpose. All actions taken by the Underwriter pursuant to this Agreement shall be in the capacity of an independent contractor, all sales of Certificates conducted by the Underwriter shall be solely for the account and at the risk of the Company, and in no event shall the Underwriter have any obligations with regard to or under the Certificates.

Appears in 9 contracts

Samples: Distribution Agreement (American Church Mortgage Co), Distribution Agreement (American Church Mortgage Co), Distribution Agreement (American Church Mortgage Co)

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Best Efforts; Independent Contractor. Anything in this Agreement to the contrary notwithstanding, the Underwriter shall have no obligation to sell any minimum number of Shares or minimum principal amount of Certificates or to purchase Certificates Securities for its own account, for resale or for any other purpose. All actions taken by the Underwriter pursuant to this Agreement shall be in the capacity of an independent contractor, all sales of Certificates Securities conducted by the Underwriter shall be solely for the account and at the risk of the Company, and in no event shall the Underwriter have any obligations with regard to or under the CertificatesSecurities.

Appears in 1 contract

Samples: Distribution Agreement (American Church Mortgage Co)

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