No Recourse Against Others Clause Example from Business Contracts

This example No Recourse Against Others clause appears in 4 contracts from 1 company

No Recourse Against Others. No past, present or future director, officer, employee, incorporator, stockholder or agent of any of the Guaranteeing Subsidiary (or any successor entity) (other than the Company or the Existing Guarantors), as such, shall have any liability for any obligations of the Company, TD Group, the Guaranteeing Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their... creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. View More Arrow