No Joint Liability. 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 for the Purchased Units and any indebtedness purchased, but are only liable for their proportionate share.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Red Mountain Ventures Limited Partnership), Limited Partnership Agreement
No Joint Liability. 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 Units Shares and any indebtedness purchased, but are only liable for their proportionate share.
Appears in 2 contracts
Samples: Unanimous Shareholders Agreement (Camber Energy, Inc.), Unanimous Shareholders Agreement (Viking Energy Group, Inc.)
No Joint Liability. For greater certainty, the parties hereto 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 Units Shares and any indebtedness purchased, but are only liable for their proportionate share.
Appears in 1 contract
Samples: Shareholder Agreement (Red Mountain Ventures Limited Partnership)
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 for the Purchased Units 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. For greater certainty, the parties hereto 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 Units and any indebtedness purchasedShares, but are only liable for their proportionate shareshare thereof.
Appears in 1 contract
