No Recourse Against Others Clause Example from Business Contracts

This example No Recourse Against Others clause appears in 5 contracts from 1 company

No Recourse Against Others. No past, present or future director, officer, employee, incorporator or stockholder, as such, of the Company or any Guarantor or any successor corporation shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Indenture or the Guarantees of the Notes, or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder of Notes, by accepting a Note, waives and releases all such liability. This waiver and release are ...part of the consideration for the issuance of the Notes. View More Arrow