Common use of Independent Nature of Members’ Rights and Obligations Clause in Contracts

Independent Nature of Members’ Rights and Obligations. The obligations of each TRA Holder hereunder are several and not joint with the obligations of any other TRA Holder, and no TRA Holder shall be responsible in any way for the performance of the obligations of any other TRA Holder hereunder. The decision of each TRA Holder to enter into this Agreement has been made by such TRA Holder independently of any other TRA Holder. Nothing contained herein, and no action taken by any TRA Holder pursuant hereto, shall be deemed to constitute the TRA Holders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the TRA Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated hereby and the Corporate Taxpayer acknowledges that the TRA Holders are not acting in concert or as a group, and the Corporate Taxpayer will not assert any such claim, with respect to such obligations or the transactions contemplated hereby.