No Joint and Several Liability. Notwithstanding anything to the contrary in this Agreement, all representations, warranties, covenants, liabilities and obligations under this Agreement are several, and not joint, to each Stockholder, and no Stockholder will be liable for any breach, default, liability or other obligation of the other Stockholders party to this Agreement.
No Joint and Several Liability. In no event will any party be held jointly and/or severally liable for any actions of any other party or all of the other parties.
No Joint and Several Liability. Notwithstanding anything to the contrary herein, Hersha Owner and the Other Sellers shall not be jointly liable under this Agreement and the Other APCAs, but rather (i) Hersha Owner shall only be liable for representations, warranties, covenants and other obligations directly relating to Hersha Owner and the Property as provided in this Agreement and (ii) each of the Other Sellers shall only be liable for representations, warranties, covenants and other obligations directly relating to such Other Seller and the applicable Other Property as provided in the applicable Other APCA. By approving the transactions contemplated hereby, no shareholder, member, partner, director, manager or officer of Hersha Owner or any of the Other Sellers shall have any personal liability hereunder for any obligations of Hersha Owner under this Agreement or for any obligations of any of the Other Seller under the Other APCAs.
No Joint and Several Liability. For the avoidance of doubt, the liability of each Borrower under this Agreement is several and not joint and each Borrower shall be liable only for its Obligations (and not those of the other Borrower) under this Agreement.
No Joint and Several Liability. Each Party to this Agreement assumes its own rights and obligations and does not assume the rights and obligations of any other Party.
No Joint and Several Liability. Notwithstanding any other provision of this Agreement, (i) all representations, warranties, covenants and obligations of each Founder or Growth Investor (as applicable) are several and not joint, and in no event shall a Founder or Growth Investor (as applicable) have any responsibility or liability with respect to the acts or omissions of the other Founders or Growth Investor (as applicable), (ii) all rights of each Founder or Growth Investor (as applicable) are several and not joint, and in no event shall a Founder or Growth Investor (as applicable) have any interest with respect to a right or property of the other Founders or Growth Investor (as applicable), and (iii) any liability pursuant to this Agreement that has to be allocated between the Founder or Growth Investor (as applicable) shall be allocated to each Founder or Growth Investor (as applicable) pro rata based on the percentage of the equity ownership of each Founder or Growth Investor (as applicable) in the Company.
No Joint and Several Liability. Nothing in this Settlement Agreement will be deemed to create any joint and several liability among any of the Parties.
No Joint and Several Liability. The parties acknowledge and agree that: (a) the obligations and liabilities of the Employee under this Agreement are several only, and will not be, nor construed to be, either joint with Xxxxx Xxxxx or joint and several with Xxxxx Xxxxx; and (b) the obligations and liabilities of the Employer under this Agreement are several only, and will not be, nor construed to be, either joint with High River or joint and several with High River.
No Joint and Several Liability. 22.2.1. Except otherwise stipulated in the Agreement (e.g. Article 27) each Party is liable for its own commitments only and Parties shall not bear joint and several liability (“geen hoofdelijkheid / pas de solidarité”).
No Joint and Several Liability. Except for the obligations of the Lakes Entities to make the Advance Payments to Kean as set forth in Section 5 hereof, the obligations of xxxh of the Lakes Entities under this Agreement are several and not joint and several.
