No Recourse Against Others Clause Example from Business Contracts

This example No Recourse Against Others clause appears in 3 contracts from 2 companies

No Recourse Against Others. No director, officer, employee, incorporator or stockholder or other owner of any Capital Stock of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, the Indenture or the Note Guarantees 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. The waiver and release are part of the consideration fo...r issuance of the Notes. View More Arrow