No Recourse Against Others Clause Example from Business Contracts

This example No Recourse Against Others clause appears in 2 contracts from 1 company

No Recourse Against Others. No director, officer, employee, manager, incorporator or holder of any Equity Interests in the New Issuer or of any New Guarantor or any direct or indirect parent corporation, as such, shall have any liability for any obligations of the New Issuer or any New Guarantor under the Notes or 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 Notes by accepting a Note waives and releases all such li...ability. The waiver and release are part of the consideration for issuance of the Notes. View More