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SPLS » Topics » The Company hereby waives any claims that the Company may have against the Underwriters with respect to any breach of fiduciary duty in connection with this offering.This excerpt taken from the SPLS 8-K filed Mar 26, 2009. The Company hereby waives any claims that the Company may have against the Underwriters with respect to any breach of fiduciary duty in connection with this offering.15. Parties. This Agreement will inure to the benefit of and be binding upon the several Underwriters, the Company, the Subsidiary Guarantors and their respective successors. This Agreement and the terms and provisions hereof are for the sole benefit of only those persons, except that (a) the representations, warranties, indemnities and agreements of the Company contained in this Agreement will also be deemed to be for the benefit of the officers and directors of the Underwriters and the person or persons, if any, who control any Underwriter within the meaning of Section 15 of the Securities Act and (b) the indemnification agreement of the Underwriters contained in Section 7 of this Agreement will be deemed to be for the benefit of directors of the Company, officers of the Company who signed the Registration Statement and any person controlling the Company within the meaning of Section 15 of the Securities Act. Nothing in this Agreement will be construed to give any person, other than the persons referred to in this paragraph, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein.16. Definition of Business Day, Subsidiary and Significant Subsidiary. For purposes of this Agreement, (a) Business Day means any day on which the New York Stock Exchange is open for trading, other than any day on which commercial banks are authorized or required to be closed in New York City, (b) Subsidiary means subsidiary as such term is defined in Rule 405 of the Rules and Regulations and includes both partnerships and corporations and (c) Significant Subsidiary means significant subsidiary as such term is defined in Rule 405 of the Rules and Regulations. |
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