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: Shareholders Agreement (Startt Acquisition Inc & Startt Acquisition LLC), Shareholders Agreement (Aboodi Oded), Shareholders Agreement (Milstein Paul)

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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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