No Joint Liability. For greater certainty, the parties acknowledge and agree that where a Sale Transaction involves more than one Purchaser, the Purchasers in such Sale Transaction are not jointly liable for the payment of the purchase price for the Purchased Shares and any indebtedness purchased, but are only liable for their proportionate share.
Appears in 2 contracts
Samples: Unanimous Shareholders Agreement (Viking Energy Group, Inc.), Unanimous Shareholders Agreement (Camber Energy, Inc.)
No Joint Liability. For greater certainty, the parties Parties hereto acknowledge and agree that where a Sale Transaction involves more than one Purchaser, the Purchasers in such Sale Transaction are not jointly liable for the payment of the purchase price Purchase Price for the Purchased Shares and any indebtedness purchasedpurchased hereunder, but are only liable for their proportionate share.share thereof
Appears in 1 contract
Samples: Shareholders Agreement (Pure Play Media Holdings, Inc.)
No Joint Liability. 13.13 For greater certainty, the parties hereto acknowledge and agree that where a Sale Transaction involves more than one Purchaser, the Purchasers in such Sale Transaction are not jointly liable for the payment of the purchase price Purchase Price for the Purchased Shares Units and any indebtedness purchased, but are only liable for their proportionate share.
Appears in 1 contract
Samples: Red Mountain Ventures
No Joint Liability. For greater certainty, the parties Parties acknowledge and agree that where a Sale Transaction involves more than one Purchaser, the Purchasers in such Sale Transaction are not jointly liable for the payment of the purchase price Purchase Price for the Purchased Shares and any indebtedness purchasedShares, but are only liable for their proportionate shareshare thereof.
Appears in 1 contract
No Joint Liability. For greater certainty, the parties Parties acknowledge and agree that where a Sale Transaction involves more than one Purchaser, the Purchasers in such Sale Transaction are not jointly liable for the payment of the purchase price Purchase Price for the Purchased Shares and any indebtedness purchased, but are only liable for their proportionate share.
Appears in 1 contract
Samples: Shareholders’ Agreement (Red Mountain Ventures Limited Partnership)
No Joint Liability. 13.13 For greater certainty, the parties hereto acknowledge and agree that where a Sale Transaction involves more than one Purchaser, the Purchasers in such Sale Transaction are not jointly liable for the payment of the purchase price Purchase Price for the Purchased Shares Units and any indebtedness purchased, but are only liable for their proportionate share.. Consents
Appears in 1 contract
Samples: Agreement (Red Mountain Ventures Limited Partnership)
