Liability of Parent and the Stock Sellers and Business Sellers Sample Clauses

Liability of Parent and the Stock Sellers and Business Sellers. It is expressly understood and agreed that with respect to the representations and warranties, agreements, covenants and other obligations set forth in this Agreement, Parent, on the one hand, and each Stock Seller or Business Seller, on the other hand, shall be jointly and severally liable but that as among the Stock Sellers and the Business Sellers, any such liability shall be several and not joint with any other Stock Seller or Business Seller and shall be solely in proportion to such Stock Sellers’ or Business Sellers’ respective ownership in the Transferred Stock, Transferred Assets or Assumed Liabilities, as the case may be.
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