Common use of Nature of Certain Obligations Clause in Contracts

Nature of Certain Obligations. (a) The covenants of each of the Shareholders in Paragraph 2.1 above concerning the sale of such Shareholder's Star Dot Shares to eCom and the representations and warranties of each of the Shareholders in Paragraph 4.1 above concerning the transaction are several obligations. Accordingly, the particular Shareholder making the representation, warranty, or covenant will be solely responsible to the extent provided in Paragraph 9 above for any Adverse Consequences eCom may suffer as a result of any breach thereof. (b) The remainder of the representations, warranties, and covenants in this Agreement are joint and several obligations. Accordingly, each Shareholder will be responsible to the extent provided in Paragraph 9 above for the entirety of any Adverse Consequences eCom may suffer as a result of any breach thereof.

Appears in 2 contracts

Samples: Stock Exchange Agreement (Ecom Ecom Com Inc), Stock Exchange Agreement (Ecom Ecom Com Inc)

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Nature of Certain Obligations. (a) The covenants of each of the Shareholders in Paragraph 2.1 above concerning the sale of such Shareholder's Star Dot Visual Bible Shares to eCom American Uranium and the representations and warranties of each of the Shareholders in Paragraph 4.1 above concerning the transaction are several obligations. Accordingly, the particular Shareholder making the representation, warranty, or covenant will be solely responsible to the extent provided in Paragraph 9 8 above for any Adverse Consequences eCom American Uranium may suffer as a result of any breach thereof. (b) The remainder of the representations, warranties, and covenants in this Agreement are joint and several obligations. Accordingly, each Shareholder will be responsible to the extent provided in Paragraph 9 8 above for the entirety of any Adverse Consequences eCom American Uranium may suffer as a result of any breach thereof.

Appears in 1 contract

Samples: Stock Exchange Agreement (American Uranium Inc)

Nature of Certain Obligations. (a) The covenants of each of the Shareholders in Paragraph 2.1 above concerning the sale of such Shareholder's Star Dot Slaterdome Shares to eCom At Home Holdings and the representations and warranties of each of the Shareholders in Paragraph 4.1 above concerning the transaction are several obligations. Accordingly, the particular Shareholder making the representation, warranty, or covenant will be solely responsible to the extent provided in Paragraph 9 8 above for any Adverse Consequences eCom At Home Holdings may suffer as a result of any breach thereof. (b) The remainder of the representations, warranties, and covenants in this Agreement are joint and several obligations. Accordingly, each Shareholder will be responsible to the extent provided in Paragraph 9 8 above for the entirety of any Adverse Consequences eCom At Home Holdings may suffer as a result of any breach thereof.

Appears in 1 contract

Samples: Stock Exchange Agreement (Dover Petroleum Inc)

Nature of Certain Obligations. (ai) The covenants of each of the Shareholders in Paragraph 2.1 Section 2(a) above concerning the sale of such Shareholder's Star Dot his or its Target Shares to eCom Avana and the representations and warranties of each of the Shareholders in Paragraph 4.1 Section 3(a) above concerning the transaction are several obligations. Accordingly, This means that the particular Shareholder Shareholders making the representation, warranty, or covenant will be solely responsible to the extent provided in Paragraph 9 Section 8 above for any Adverse Consequences eCom Avana may suffer as a result of any breach thereof. (bii) The remainder of the representations, warranties, and covenants in this Agreement are joint and several obligations. Accordingly, This means that each Shareholder will be responsible to the extent provided in Paragraph 9 Section 8 above for the entirety of any Adverse Consequences eCom Avana may suffer as a result of any breach thereof.

Appears in 1 contract

Samples: Stock Exchange Agreement (Grace Development Inc)

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Nature of Certain Obligations. (a) The covenants of each of the Major Shareholders in Paragraph 2.1 Section 1.1 above concerning the sale exchange of such Shareholder's Star Dot his, her or its Company Shares to eCom WinWin and the representations and warranties of each of the Major Shareholders in Paragraph 4.1 Section 2.1 above concerning the transaction are several obligations. Accordingly, This means that the particular Major Shareholder making the representation, warranty, or covenant will be solely responsible to the extent provided in Paragraph 9 Section 7 above for any Adverse Consequences eCom WinWin may suffer as a result of any breach thereof. (b) The remainder of the representations, warranties, and covenants in this Agreement are joint and several obligations. Accordingly, This means that each Major Shareholder will be responsible to the extent provided in Paragraph 9 Section 7 above for the entirety of any Adverse Consequences eCom WinWin may suffer as a result of any breach thereof.

Appears in 1 contract

Samples: Share Exchange Agreement (Winwin Gaming Inc)

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