Common use of Shareholders' Obligations Clause in Contracts

Shareholders' Obligations. All obligations and liabilities of each Shareholder under this Agreement shall be several and not joint and no Shareholder shall have any liability for any obligations or liabilities under this Agreement of any other Shareholder, except that all obligations specified under this Agreement as an obligation of a Group of Shareholders or Shareholder Group shall be joint and several obligations of the Sellers within such Group of Shareholders.

Appears in 4 contracts

Samples: Shareholder Agreement (Startt Acquisition Inc & Startt Acquisition LLC), Shareholder Agreement (Aboodi Oded), Shareholder Agreement (Benach Henry)

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Shareholders' Obligations. All obligations and liabilities of each Shareholder under this Agreement shall be several and not joint and no Shareholder shall have any liability for any obligations or liabilities under this Agreement of any other Shareholder, except that all obligations specified under this Agreement as an obligation of a Group of Shareholders or Shareholder Group shall be joint and several obligations of the Sellers within such Group of Shareholders.

Appears in 1 contract

Samples: Shareholders Agreement (Celerity Systems Inc)

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