Common use of No Liability of Partners Clause in Contracts

No Liability of Partners. Notwithstanding anything that may be expressed or implied in this Agreement, Parent acknowledges and agrees that (i) notwithstanding that certain of the Stockholders below may be partnerships, no recourse hereunder or under any documents or instruments delivered by any Stockholders in connection herewith may be had against any officer, agent or employee of any Stockholders or any partner, member or stockholder of any Stockholder or any director, officer, employee, partner, affiliate, member, manager, stockholder, assignee or representative of the foregoing (any such person or entity, a “Representative”), whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, and (ii) no personal liability whatsoever will attach to, be imposed on or otherwise be incurred by any Representative under this Agreement or any documents or instruments delivered in connection herewith or for any claim based on, in respect of or by reason of such obligations or by their creation.

Appears in 4 contracts

Samples: Yucaipa Stockholder Agreement (Pathmark Stores Inc), Yucaipa Stockholder Agreement (Great Atlantic & Pacific Tea Co Inc), Stockholder Voting Agreement (Pathmark Stores Inc)

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No Liability of Partners. Notwithstanding anything that may be expressed or implied in this Agreement, Parent the Company acknowledges and agrees that (i) notwithstanding that certain of the Stockholders below Stockholder may be partnershipsa partnership, no recourse hereunder or under any documents or instruments delivered by any Stockholders Stockholder in connection herewith may be had against any officer, agent or employee of any Stockholders Stockholder or any partner, member or stockholder of any Stockholder or any director, officer, employee, partner, affiliate, member, manager, stockholder, assignee or representative of the foregoing (any such person or entity, a “Representative”), whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, and (ii) no personal liability whatsoever will attach to, be imposed on or otherwise be incurred by any Representative under this Agreement or any documents or instruments delivered in connection herewith or for any claim based on, in respect of or by reason of such obligations or by their creation.

Appears in 1 contract

Samples: Stockholder Voting Agreement (Pathmark Stores Inc)

No Liability of Partners. Notwithstanding anything that may be expressed or implied in this Agreement, Parent the Company acknowledges and agrees that (i) notwithstanding that certain of the Stockholders below may be partnerships, no recourse hereunder or under any documents or instruments delivered by any Stockholders in connection herewith may be had against any officer, agent or employee of any Stockholders or any partner, member or stockholder of any Stockholder or any director, officer, employee, partner, affiliate, member, manager, stockholder, assignee or representative of the foregoing (any such person Person or entity, a “Representative”), whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, law and (ii) no personal liability whatsoever will attach to, be imposed on or otherwise be incurred by any Representative under this Agreement or any documents or instruments delivered in connection herewith or for any claim based on, in respect of or by reason of such obligations or by their creation.

Appears in 1 contract

Samples: Investment Agreement (Great Atlantic & Pacific Tea Co Inc)

No Liability of Partners. Notwithstanding anything that may be expressed or implied in this Agreement, Parent the Company acknowledges and agrees that (i) notwithstanding that certain of the Stockholders below Stockholder may be partnershipsa partnership, no recourse hereunder or under any documents or instruments delivered by any Stockholders Stock- holder in connection herewith may be had against any officer, agent or employee of any Stockholders Stockholder or any partner, member or stockholder of any Stockholder or any director, officer, employee, partner, affiliate, member, manager, stockholder, assignee or representative of the foregoing (any such person or entity, a “Representative”), whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, and (ii) no personal liability whatsoever will attach to, be imposed on or otherwise be incurred by any Representative under this Agreement or any documents or instruments delivered in connection herewith or for any claim based on, in respect of or by reason of such obligations or by their creation.

Appears in 1 contract

Samples: Stockholder Voting Agreement (Great Atlantic & Pacific Tea Co Inc)

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No Liability of Partners. Notwithstanding anything that may be expressed or implied in this Agreement, Parent the Company acknowledges and agrees that (i) notwithstanding that certain of the Stockholders below may be partnerships, no recourse hereunder or under any documents or instruments delivered by any Stockholders in connection herewith may be had against any officer, agent or employee of any Stockholders or any partner, member or stockholder of any Stockholder or any director, officer, employee, partner, affiliate, member, manager, stockholder, assignee or representative of the foregoing (any such person Person or entity, a “Representative”), whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, law and (ii) no personal liability whatsoever will attach to, be imposed on or otherwise be incurred by any Representative under this Agreement or any documents or instruments delivered in 57 connection herewith or for any claim based on, in respect of or by reason of such obligations or by their creation.

Appears in 1 contract

Samples: Yucaipa Stockholder Agreement (Great Atlantic & Pacific Tea Co Inc)

No Liability of Partners. Notwithstanding anything that may be expressed or implied in this Agreement, Parent the Company acknowledges and agrees that (i) notwithstanding that certain of the Stockholders below Stockholder may be partnershipsa partnership, no recourse hereunder or under any documents or instruments delivered by any Stockholders Stockholder in connection herewith may be had against any officer, agent or employee of any Stockholders Stockholder or any partner, member or stockholder of any Stockholder or any director, officer, employee, partner, affiliate, member, manager, stockholder, assignee or representative of the foregoing (any such person or entity, a “Representative”), whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, and (ii) no personal liability whatsoever will attach to, be imposed on or otherwise be incurred by any Representative under this Agreement or any documents or instruments delivered in connection herewith or for any claim based on, in respect of or by reason of such obligations or by their creation...

Appears in 1 contract

Samples: Stockholder Voting Agreement (Tengelmann Warenhandelsgesellschaft Kg)

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