Common use of Nature of Sellers’ Obligations Clause in Contracts

Nature of Sellers’ Obligations. (a) The covenants of each Seller in Section 2.1 above concerning the sale of his Shares to Buyer and the representations and warranties of each Seller in Section 3.1 above concerning the transaction are individual, and not joint and several, obligations. This means that the particular Seller making the representation, warranty or covenant shall be solely responsible to the extent provided in Section 7.2(b) above for any Damages any Buyer Indemnified Party 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. This means that each Seller shall be responsible to the extent provided in Sections 7.2(a) and 8.1 above for the entirety of any Damages any Buyer Indemnified Party may suffer as a result of any breach thereof.

Nature of Sellers’ Obligations. (ai) The covenants of each Seller in Section 2.1 §2(a) above concerning the sale of his his, her, or its Target Shares to Buyer and the representations and warranties of each Seller in Section 3.1 §3(a) above concerning the transaction are individual, and not joint and several, individual obligations. This means that the particular Seller making the representation, warranty warranty, or covenant shall be solely responsible to the extent provided in Section 7.2(b§8(b) above for any Damages any Adverse Consequences Buyer Indemnified Party may suffer as a result of any breach thereof. (bii) The remainder of the representations, warranties warranties, and covenants in this Agreement are joint and several obligations. This means that each Seller shall be responsible to the extent provided in Sections 7.2(a) and 8.1 §8 above for the entirety of any Damages any Adverse Consequences Buyer Indemnified Party may suffer as a result of any breach thereof.

Nature of Sellers’ Obligations. (a) The covenants of each Seller in Section 2.1 above 2 concerning the sale of his or her Target Shares to Buyer and the representations and warranties of each Seller in Section 3.1 above concerning the transaction are individual, and not joint and several, obligations. This means that the particular Seller making the representation, warranty warranty, or covenant shall be solely responsible to the extent provided in Section 7.2(b) above 6 for any Damages any Adverse Consequences Buyer Indemnified Party may suffer as a result of any breach thereof. (b) The remainder of the representations, warranties warranties, and covenants in this Agreement are joint and several obligations. This means that each Seller shall be responsible to the extent provided in Sections 7.2(a) and 8.1 above Section 6 for the entirety of any Damages any Adverse Consequences Buyer Indemnified Party may suffer as a result of any breach thereof.

Nature of Sellers’ Obligations. (a) The covenants of each Seller in Section 2.1 above concerning the sale of his Shares Target Units to Buyer and the representations and warranties of each Seller in Section 3.1 above concerning the transaction are individual, and not joint and several, obligations. This means that the particular Seller making the representation, warranty warranty, or covenant shall be solely responsible to the extent provided in Section 7.2(b) 8.2 above for any Damages any Adverse Consequences Buyer Indemnified Party may suffer as a result of any breach thereof. (b) The remainder of the representations, warranties warranties, and covenants in this Agreement are joint and several obligations. This means that each Seller shall be responsible to the extent provided in Sections 7.2(a) and 8.1 Section 8.2 above for the entirety of any Damages any Adverse Consequences Buyer Indemnified Party may suffer as a result of any breach thereof.