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

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 21 contracts

Samples: Secured Convertible Preferred Stock Purchase Agreement (Celexx Corp), Convertible Debenture Purchase Agreement (Tidel Technologies Inc), Convertible Debenture Purchase Agreement (Computer Concepts Corp /De)

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Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 18 contracts

Samples: Securities Purchase Agreement (Dot Hill Systems Corp), Securities Purchase Agreement (Dot Hill Systems Corp), Purchase Agreement (TRC Companies Inc /De/)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document hereunder is several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at any Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 14 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Oncormed Inc), Convertible Debenture Purchase Agreement (Possis Medical Inc), Convertible Preferred Stock Purchase Agreement (Uniview Technologies Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Transaction Documents.

Appears in 11 contracts

Samples: Securities Purchase Agreement (Advaxis, Inc.), Securities Purchase Agreement (Novavax Inc), Securities Purchase Agreement (Sulphco Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 10 contracts

Samples: Securities Purchase Agreement (GSV Inc), Securities Purchase Agreement (Neotherapeutics Inc), Securities Purchase Agreement (Cel Sci Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document hereunder is several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at any closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 10 contracts

Samples: Securities Purchase Agreement (Thermoview Industries Inc), Securities Purchase Agreement (Endocare Inc), Securities Purchase Agreement (Endocare Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document hereunder is several and not joint with the obligations of any other Purchaser hereunder, and no neither Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at any closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 9 contracts

Samples: Secured Convertible Debenture Purchase Agreement (Sitestar Corp), Securities Purchase Agreement (Fidelity Holdings Inc), Secured Convertible Debenture Purchase Agreement (Collectible Concepts Group Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Transaction Documents.

Appears in 8 contracts

Samples: Securities Purchase Agreement (Clinical Data Inc), Securities Subscription Agreement (Marshall Edwards Inc), Securities Subscription Agreement (Gentium S.p.A.)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 8 contracts

Samples: Convertible Preferred Stock Purchase Agreement (E Digital Corp), Convertible Debenture Purchase Agreement (Composite Industries of America Inc), Convertible Preferred Stock Purchase Agreement (E Digital Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at the Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 7 contracts

Samples: Securities Purchase Agreement (Shared Technologies Cellular Inc), Securities Purchase Agreement (Orthologic Corp), Securities Purchase Agreement (Wavephore Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]The Company has elected to provide all Purchasers with the same terms and Transaction Documents for the convenience of the Company and not because it was required or requested to do so by the Purchasers.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Verticalnet Inc), Securities Purchase Agreement (Verticalnet Inc), Securities Purchase Agreement (Zone 4 Play Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is this Agreement are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance or non-performance of the obligations of any other Purchaser under any Transaction Documentthis Agreement. Nothing contained herein or in any Transaction Documentherein, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of this Agreement and the other Transaction Documents.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Stationdigital Corp), Securities Purchase Agreement (Stationdigital Corp), Securities Purchase Agreement (Stationdigital Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is this Agreement are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance or non-performance of the obligations of any other Purchaser under any Transaction Documentthis Agreement. Nothing contained herein or in any Transaction Documentother document referred to herein, and no action taken by any Purchaser pursuant hereof or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the other Transaction DocumentsAgreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in its review and negotiation of this Agreement and the other documents referred to herein.

Appears in 5 contracts

Samples: Stock and Warrant Purchase Agreement (Cicero Inc), Securities Purchase Agreement (Interleukin Genetics Inc), Securities Purchase Agreement (Interleukin Genetics Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at the Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entityPerson, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 4 contracts

Samples: Securities Purchase Agreement (Marex Com Inc), Securities Purchase Agreement (Genmar Holdings Inc), Securities Purchase Agreement (Datalink Net Inc)

Independent Nature of Purchasers’ Obligations and Rights. The -------------------------------------------------------- obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 4 contracts

Samples: Convertible Debenture Purchase Agreement (Aquatic Cellulose International Corp), Securities Purchase Agreement (Aquatic Cellulose International Corp), Securities Purchase Agreement (Aquatic Cellulose International Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Basic Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Basic Document. Nothing contained herein or in any Transaction Basic Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Basic Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement agreement or out of the other Transaction Basic Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Basic Documents. MarkWest has elected to provide all Purchasers with the same material terms and Basic Documents for the convenience of MarkWest and not because it was required or requested to do so by the Purchasers.

Appears in 4 contracts

Samples: Unit Purchase Agreement, Unit Purchase Agreement (Markwest Hydrocarbon Inc), Unit Purchase Agreement (Markwest Energy Partners L P)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Transaction Documents.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Bullion River Gold Corp), Securities Purchase Agreement (Bullion River Gold Corp), Securities Purchase Agreement (Bullion River Gold Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is this Agreement are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance or non-performance of the obligations of any other Purchaser under any Transaction Documentthis Agreement. This Agreement shall constitute an agreement between each Purchaser and the Company and each Purchaser and not as an agreement between or among the Purchasers. Nothing contained herein or in any Transaction Documentherein, and no action taken by any Purchaser pursuant hereof or thereto, shall be deemed to constitute (a) any agreement between or among the Purchasers or to create any rights or obligations between or among the Purchasers, each of whom is acting independently in entering into this Agreement or (b) the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the other Transaction DocumentsAgreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 4 contracts

Samples: Securities Purchase Agreement (Myos Rens Technology Inc.), Securities Purchase Agreement (Myos Rens Technology Inc.), Securities Purchase Agreement (Myos Rens Technology Inc.)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 3 contracts

Samples: Securities Purchase Agreement (Hyseq Inc), Securities Purchase Agreement (Universal Display Corp \Pa\), Securities Purchase Agreement (Hyseq Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 3 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Hawker Pacific Aerospace), Securities Purchase Agreement (Chromatics Color Sciences International Inc), Securities Purchase Agreement (Lynx Therapeutics Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 3 contracts

Samples: Convertible Debenture Purchase Agreement (Onemain Com Inc), Convertible Debenture Purchase Agreement (Forest Glade International Inc), Securities Purchase Agreement (Netsol International Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Basic Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Basic Document. Nothing contained herein or in any Transaction Basic Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Basic Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Basic Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Basic Documents. MarkWest has elected to provide all Purchasers with the same material terms and Basic Documents for the convenience of MarkWest and not because it was required or requested to do so by the Purchasers.

Appears in 3 contracts

Samples: Unit Purchase Agreement (Markwest Energy Partners L P), Unit Purchase Agreement (Markwest Energy Partners L P), Unit Purchase Agreement (Markwest Energy Partners L P)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 3 contracts

Samples: Securities Purchase Agreement (Peace Arch Entertainment Group Inc), Securities Purchase Agreement (3do Co), Securities Purchase Agreement (3do Co)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under this Agreement and any other Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance or non-performance of the obligations of any other Purchaser under this Agreement and any other Transaction Document. The decision of each Purchaser to purchase shares of Series B Preferred Stock pursuant to this Agreement and the other Transaction Documents has been made by such Purchaser independently of any other Purchaser. Nothing contained herein or in any other Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement and the other Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 3 contracts

Samples: Series B Preferred Stock Purchase Agreement (Phoenix Venture Fund LLC), Series B Preferred Stock Purchase Agreement (Phoenix Venture Fund LLC), Series B Preferred Stock Purchase Agreement (Communication Intelligence Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 3 contracts

Samples: Convertible Note Purchase Agreement (Franklin Telecommunications Corp), Securities Purchase Agreement (Viisage Technology Inc), Securities Purchase Agreement (Safescience Inc)

Independent Nature of Purchasers’ Obligations and Rights. The Except as otherwise provided herein, the obligations of each Purchaser under any Transaction Document is this Agreement are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documentthis Agreement. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group, or are deemed Affiliates with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction DocumentsAgreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 3 contracts

Samples: Securities Purchase Agreement (Gasco Energy Inc), Securities Purchase Agreement (Argyle Security, Inc.), Securities Purchase Agreement (Argyle Security, Inc.)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Transaction Documents. (Signature Page Follows)

Appears in 3 contracts

Samples: Securities Purchase Agreement (Keryx Biopharmaceuticals Inc), Share Purchase Agreement (Cytogen Corp), Securities Purchase Agreement (Keryx Biopharmaceuticals Inc)

Independent Nature of Purchasers’ Obligations and Rights. The ------------------------------------------------------------ obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (Amanda Co Inc), Convertible Debenture Purchase Agreement (Amanda Co Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK BLANK. SIGNATURE PAGES FOLLOWSFOLLOW]

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (Eltrax Systems Inc), Purchase Agreement (Verso Technologies Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own legal counsel in their review and negotiation of the Transaction Documents.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Boston Life Sciences Inc /De), Common Stock Purchase Agreement (Boston Life Sciences Inc /De)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each the Purchaser under any Transaction Document this Agreement is several and not joint with the obligations of any other Purchaser Other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Other Purchaser under any Transaction DocumentAgreements. Nothing contained herein or in any Transaction Documentherein, and no action taken by any Purchaser pursuant theretohereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentAgreements and the Company acknowledges that the Purchasers are not acting in concert or as a group with respect to such obligations or the transactions contemplated by the Agreements. Each Purchaser confirms that it has independently participated in the negotiation of the transaction contemplated hereby with the advice of its own counsel and advisors. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the other Transaction DocumentsAgreement, and it shall not be necessary for any other Other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 2 contracts

Samples: Securities Purchase Agreement (Auxilium Pharmaceuticals Inc), Securities Purchase Agreement (Perseus Soros Biopharmaceutical Fund Lp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at the Closing Time, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documentsdocuments contemplated hereby, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 2 contracts

Samples: Purchase Agreement (Tortoise Capital Resources Corp), Purchase Agreement (Tortoise Capital Resources Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES PAGE FOR PURCHASER FOLLOWS]

Appears in 2 contracts

Samples: Securities Purchase Agreement (Planar Systems Inc), Securities Purchase Agreement (Smartserv Online Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in its review and negotiation of the Transaction Documents.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Novadel Pharma Inc), Securities Purchase Agreement (Novadel Pharma Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 2 contracts

Samples: Securities Purchase Agreement (Pharmos Corp), Securities Purchase Agreement (Pharmos Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is the Amendments are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documentthe Amendments. Nothing contained herein or in any Transaction Documentthis Amendments, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentAmendments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction DocumentsAmendments, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Amendments. For reasons of administrative convenience only, Purchasers and their respective counsel have chosen to communicate with the Company through FW. FW does not represent all of the Purchasers but only DKR. The Company has elected to provide all Purchasers with the same terms under the Amendments for the convenience of the Company and not because it was required or requested to do so by the Purchasers.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ramp Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. 18 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES PAGE FOLLOWS]] 19

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Ecogen Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document hereunder is several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at the Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (Signal Apparel Company Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is the Amendment are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documentthe Amendment. Nothing contained herein or in any Transaction Documentthis Amendment, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentAmendment. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction DocumentsAmendment, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Amendment.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ramp Corp)

Independent Nature of Purchasers’ Obligations and Rights. The Company has elected to provide all Purchasers with the same terms and Agreement for the convenience of the Company and not because it was required or requested to do so by the Purchasers. The obligations of each Purchaser under this Agreement, and any Transaction Document is Document, are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance or non-performance of the obligations of any other Purchaser under this Agreement or any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined jointed as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of this Agreement and the Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (MSTI Holdings, Inc.)

Independent Nature of Purchasers’ Obligations and Rights. The rights and obligations of each Purchaser under any Transaction Document is are several and not joint with the rights and obligations of any the other Purchaser and no a Purchaser shall not be responsible in any way for the performance of the obligations of any the other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, thereto shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any the other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWSFOR PURCHASERS FOLLOW]

Appears in 1 contract

Samples: Securities Purchase Agreement (Millennium Cell Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document hereunder is several and not joint with the obligations of any other Purchaser hereunder, and no neither Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at any closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES PAGE FOLLOWS]] Secured Convertible Debenture Purchase Agreement

Appears in 1 contract

Samples: Secured Convertible Debenture Purchase Agreement (American Biomed Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at any Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Xoma Corp /De/)

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Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, Convertible Debenture Purchase Agreement 19 and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]] Convertible Debenture Purchase Agreement 20

Appears in 1 contract

Samples: Secured Convertible Debenture Purchase Agreement (Demarco Energy Systems of America Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Basic Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Basic Document. Nothing contained herein or in any Transaction other Basic Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentBasic Documents. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Basic Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Pacific Energy Partners Lp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at any closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entityPerson, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (Antex Biologics Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS](Signature Page Follows)

Appears in 1 contract

Samples: Securities Purchase Agreement (Novatel Wireless Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers each Purchaser as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are each Purchaser is in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser was introduced to the Company by Ladenburg Xxxxxxxx & Co., Inc., which has acted solely as agent for the Company and not for any Purchaser. Each Purchaser has been represented by its own

Appears in 1 contract

Samples: Securities Purchase Agreement (U S Restaurant Properties Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser Lender under any Transaction Document is are several and not joint with the obligations of any other Purchaser Lender, and no Purchaser Lender shall be responsible in any way for the performance of the obligations of any other Purchaser Lender under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser Lender pursuant thereto, shall be deemed to constitute the Purchasers Lenders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers Lenders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser Lender shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and (except with respect to actions independently taken as required by a Majority-in-Interest) it shall not be necessary for any other Purchaser Lender to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS](Balance of page intentionally left blank.)

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (On Track Innovations LTD)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at the Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction DocumentsDocument, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (Shared Technologies Cellular Inc)

Independent Nature of Purchasers’ Obligations and Rights. The ---------------------------------------------------------- rights and obligations of each Purchaser under any Transaction Document is are several and not joint with the rights and obligations of any the other Purchaser and no a Purchaser shall not be responsible in any way for the performance of the obligations of any the other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, thereto shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any the other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 1 contract

Samples: Secured Convertible Debenture Purchase Agreement (Demarco Energy Systems of America Inc)

Independent Nature of Purchasers’ Obligations and Rights. The rights and obligations of each Purchaser under any Transaction Document is each Agreement are several and not joint with the rights and obligations of any each other Purchaser and no a Purchaser shall not be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction DocumentAgreement. Nothing contained herein or in any Transaction DocumentAgreement, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction DocumentAgreements. Each Except as provided herein and under Delaware law, each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction DocumentsOther Agreements, and it shall not be necessary for any the other Purchaser Purchasers to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (Viisage Technology Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction DocumentsAgreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]] Stock Purchase Agreement

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Commodore Holdings LTD)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance or non-performance of the obligations of any other Purchaser under any Transaction DocumentPurchaser. Nothing contained herein or in any other Transaction Document, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rightsrights including, including without limitation limitation, the rights arising out of this Agreement or out of the other Transaction DocumentsAmendment, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in its review and negotiation of this Amendment. It is expressly understood and agreed that each provision contained in this Amendment is between the Company and a Purchaser, solely, and not between the Company and the Purchasers collectively and not between and among the Purchasers.

Appears in 1 contract

Samples: Securities Purchase Agreement (Alimera Sciences Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint ajoint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 1 contract

Samples: Secured Convertible Debenture Purchase Agreement (Digital Descriptor Systems Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at any Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entityPerson, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (Esoft Inc)

Independent Nature of Purchasers’ Obligations and Rights. The Company has elected to provide all Purchasers with the same terms and Agreement for the convenience of the Company and not because it was required or requested to do so by the Purchasers. The obligations of each Purchaser under this Agreement, and any Transaction Document is Document, are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance or non-performance of the obligations of any other Purchaser under this Agreement or any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of this Agreement and the Transaction Documents.

Appears in 1 contract

Samples: Letter Agreement (MSTI Holdings, Inc.)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at the Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK BLANK, SIGNATURE PAGES FOLLOWSFOLLOW]

Appears in 1 contract

Samples: Series D Convertible Preferred Stock Purchase Agreement (Fonix Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of the Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Authentidate Holding Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Uluru Inc.)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (General Datacomm Industries Inc)

Independent Nature of Purchasers’ Obligations and Rights. The -------------------------------------------------------- obligations of each Purchaser under any Transaction Document is several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (Ebaseone Corp)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is hereunder are several and not joint with the obligations of any the other Purchaser Purchasers hereunder, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at the Closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Purchaser Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (Ramtron International Corp)

Independent Nature of Purchasers’ Obligations and Rights. The rights and obligations of each Purchaser under any Transaction Document is are several and not joint with the rights and obligations of any the other Purchaser and no a Purchaser shall not be responsible in any way for the performance of the obligations of any the other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, thereto shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction DocumentDocuments. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any the other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Securities Purchase Agreement (Avi Biopharma Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose; provided that the foregoing will not preclude consolidation of separate proceedings brought by separate Purchasers. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 1 contract

Samples: Securities Purchase Agreement (Procom Technology Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is the Agreements are several and not joint with the obligations of any other Purchaser Other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Other Purchaser under any Transaction DocumentAgreement. Nothing contained herein or in any Transaction Documentother Agreement, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction DocumentAgreements and the Company acknowledges that the Purchasers are not acting in concert or as a group with respect to such obligations or the transactions contemplated by the Agreements. Each Purchaser confirms that it has independently participated in the negotiation of the transaction contemplated hereby with the advice of its own counsel and advisors. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the any other Transaction DocumentsAgreement, and it shall not be necessary for any other Other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS].

Appears in 1 contract

Samples: Purchase Agreement (Energy Conversion Devices Inc)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is this Agreement are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under this Agreement. The failure or waiver of performance under this Agreement by any Transaction DocumentPurchaser shall not excuse performance by any other Purchaser. Nothing contained herein or in any Transaction Documentherein, and no action taken by any Purchaser pursuant theretohereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documentobligations. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the other Transaction DocumentsAgreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWSSignature Page Follows]

Appears in 1 contract

Samples: Purchase Agreement (Unwired Planet, Inc.)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document hereunder is several and not joint with the obligations of any the other Purchaser hereunder, and no neither Purchaser shall be responsible in any way for the performance of the obligations of any the other Purchaser under any Transaction Documenthereunder. Nothing contained herein or in any Transaction Documentother agreement or document delivered at any closing, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert with respect to such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any the other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (New Frontier Media Inc /Co/)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is this Agreement are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance or non-performance of the obligations of any other Purchaser under any Transaction Documentthis Agreement. Nothing contained herein or in any Transaction Documentherein, and no action taken by any Purchaser pursuant theretohereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to 38 DB1/ 149227402.4 such obligations or the transactions contemplated by the Transaction Documentthis Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including including, without limitation limitation, the rights arising out of this Agreement or out of the other Transaction DocumentsAgreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]Each Purchaser has been represented by its own separate legal counsel in their review and negotiation of this Agreement. The Company has elected to provide all Purchasers with the same terms for the convenience of the Company and not because it was required or requested to do so by any of the Purchasers.

Appears in 1 contract

Samples: Securities Purchase Agreement (Sonder Holdings Inc.)

Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document is are several and not joint with the obligations of any other Purchaser Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any Transaction Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Document. Each Purchaser shall be entitled to independently protect and enforce defend its rights, including without limitation the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGES FOLLOWS]However, the Purchasers hereby appoint TRIUMPH RESEARCH PARTNERS LLC to act as their agent (“Agent”) for purposes of convenience in exercising, modifying or waiving any and all rights and remedies of the Purchasers hereunder, with the exception of the exercise of Conversion rights as set forth in the Certificate of Designation of Series B-1

Appears in 1 contract

Samples: Securities Purchase Agreement (Technoconcepts, Inc.)

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