Common use of Exculpation Among Purchasers Clause in Contracts

Exculpation Among Purchasers. Each Purchaser acknowledges that it is not relying upon any other Purchaser, or any officer, director, employee, agent, partner or Affiliate of any such other Purchaser, in making its investment or decision to invest in the Company or in monitoring such investment. Each Purchaser agrees that no Purchaser nor any controlling Person, officer, director, shareholder, partner, agent or employee of any Purchaser shall be liable for any action heretofore or hereafter taken or omitted to be taken by any of them relating to or in connection with the Company or the Debentures, or both. Without limiting the foregoing, no Purchaser (nor any of its Affiliates, officers, directors, shareholders, partners, agents or employees) or other holder of any Debentures shall have any obligation, liability or responsibility whatsoever for the accuracy, completeness or fairness of any or all information about the Company or any subsidiary or their respective properties, business or financial and other affairs, acquired by such Purchaser or holder from the Company or any subsidiary or the respective officers, directors, employees, agents, representatives, counsel or auditors of either, and in turn provided to another Purchaser or holder, nor shall any such Purchaser (or such other Person) have any obligation or responsibility whatsoever to provide any such information to any other Purchaser (or such other Person) or holder or to continue to provide any such information if any information is provided. [SIGNATURE PAGES FOLLOW]

Appears in 2 contracts

Samples: Securities Purchase Agreement (Eventures Group Inc), Securities Purchase Agreement (Eventures Group Inc)

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Exculpation Among Purchasers. Each Purchaser acknowledges that it is not relying upon any other Purchaser, or any officer, director, employee, agent, partner partner, member or Affiliate affiliate of any such other Purchaser, in making its investment or decision to invest in the Company or in monitoring such investment. Each Purchaser agrees that no Purchaser nor any Affiliate or controlling Personperson, officer, director, shareholderstockholder, partner, member, agent or employee of any Purchaser shall be liable for any action heretofore or hereafter taken or omitted to be taken by any of them relating to or in connection with the Company or the DebenturesSecurities, or both. Without limiting the generality of the foregoing, no Purchaser (nor any of its Affiliates, officers, directors, shareholdersstockholders, partners, members, agents or employees) or other holder of any Debentures shall have any obligation, liability or responsibility whatsoever for the accuracy, completeness or fairness of any or all information about the Company or any subsidiary or their respective its properties, business or financial and other affairs, acquired by such Purchaser or holder from the Company or any subsidiary or the respective its officers, directors, employees, agents, representatives, counsel or auditors of eitherauditors, and in turn provided to another Purchaser or holderPurchaser, nor shall any such Purchaser (or such other Person) have any obligation or responsibility whatsoever to provide any such information to any other Purchaser (or such other Person) or holder or to continue to provide any such information if any information is provided. [SIGNATURE PAGES FOLLOW].

Appears in 2 contracts

Samples: Securities Purchase Agreement (Raptor Pharmaceuticals Corp.), Securities Purchase Agreement (Raptor Pharmaceuticals Corp.)

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Exculpation Among Purchasers. Each Purchaser acknowledges that it is not relying upon any other Purchaser, or any officer, director, employee, agent, partner or Affiliate of any such other Purchaser, in making its investment or decision to invest in the Company or in monitoring such investment. Each Purchaser agrees that no Purchaser nor any controlling Personperson, officer, director, shareholder, partner, agent or employee of any Purchaser shall be liable for any action heretofore or hereafter taken or omitted to be taken by any of them relating to or in connection with the Company or the DebenturesShares, or both. Without limiting the foregoing, no Purchaser (nor any of its Affiliates, officers, directors, shareholders, partners, agents or employees) or other holder of any Debentures Shares or Warrants shall have any obligation, liability or responsibility whatsoever for the accuracy, completeness or fairness of any or all information about the Company or any subsidiary or their respective properties, business or financial and other affairs, acquired by such Purchaser or holder from the Company or any subsidiary or the respective officers, directors, employees, agents, representatives, counsel or auditors of either, and in turn provided to another Purchaser or holder, nor shall any such Purchaser (or such other Personperson) have any obligation or responsibility whatsoever to provide any such information to any other Purchaser (or such other Personperson) or holder or to continue to provide any such information if any information is provided. [SIGNATURE PAGES FOLLOW]* * *

Appears in 1 contract

Samples: Purchase Agreement (Monitronics International Inc)

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