Common use of Status of Each Agent Clause in Contracts

Status of Each Agent. In soliciting offers to purchase the Notes from the Company pursuant to this Agreement and in assuming its other obligations hereunder (other than offers to purchase pursuant to Section 11), each Agent is acting individually and not jointly and is acting solely as agent for the Company and not as principal. Each Agent will use all reasonable efforts to assist the Company in obtaining performance by each purchaser whose offer to purchase Notes from the Company has been solicited by such Agent and accepted by the Company, but such Agent shall have no liability to the Company in the event any such purchase is not consummated for any reason. If the Company shall default on its obligations to deliver Notes to a purchaser whose offer it has accepted, the Company (i) shall hold the Agents harmless against any loss, claim or damage arising from or as a result of such default by the Company, and (ii), in particular, shall pay to the Agents any commission to which they would be entitled in connection with such sale.

Status of Each Agent. In soliciting offers to purchase the Notes from the Company Corporation pursuant to this Agreement and in assuming its other obligations hereunder (other than offers to purchase pursuant to Section 11), each Agent is acting individually and not jointly and is acting solely as agent for the Company Corporation and not as principal. Each Agent will use all reasonable efforts to assist the Company Corporation in obtaining performance by each purchaser whose offer to purchase Notes from the Company Corporation has been solicited by such Agent and accepted by the CompanyCorporation, but such Agent shall have no liability to the Company Corporation in the event any such purchase is not consummated for any reason. If the Company Corporation shall default on its obligations to deliver Notes to a purchaser whose offer it has accepted, the Company Corporation (i) shall hold the Agents harmless against any loss, claim or damage arising from or as a result of such default by the CompanyCorporation, and (ii), in particular, shall pay to the Agents any commission to which they would be entitled in connection with such sale.