Common use of Exculpation Among Investors Clause in Contracts

Exculpation Among Investors. Each Investor acknowledges that it is not relying upon any person, firm or corporation, other than the Group Companies and their officers and directors and the other Seller Parties (as defined in the Share Purchase Agreement), in making its investment or decision to invest in the Company. Each Investor agrees that no Investor nor the respective controlling persons, officers, directors, partners, agents, or employees of any Investor shall be liable to any other Investor for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Preferred Shares.

Exculpation Among Investors. Each Investor acknowledges that it is not relying upon any person, firm or corporation, other than the Group Companies and their officers and directors and public information filed by the other Seller Parties (Company with the SEC or the Bankruptcy Court, as defined in the Share Purchase Agreement)applicable, relating to its Shares, in making its investment or decision to sell, retain its investment or further invest in the Company. Each Investor agrees that no Investor nor the respective controlling persons, officers, directors, partners, agents, or employees of any Investor shall be liable to any other Investor for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase acquisition of the Preferred Shares.

Exculpation Among Investors. Each Investor acknowledges that it is not relying upon any person, firm or corporation, other than the Group Companies Company and their its officers and directors and the other Seller Parties (as defined in the Share Purchase Agreement)directors, in making its investment decision or decision to invest in the Company. Each Investor agrees that no Investor Investor, nor the respective controlling persons, officers, directors, partners, agents, counsel, or employees of any such Initial Investor shall be liable to any other such Investor for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Series B Preferred SharesStock (and issuance of the Conversion Shares (as defined in the Purchase Agreement)).