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 member, manager, director, officer, employee or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company, 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 or any Guarantee by accepting a Note waives and releases all such l...iability. The waiver and release are part of the consideration for issuance of the Notes and the Guarantee. View More Arrow