DIRECTORS – CLAIMS Sample Clauses

DIRECTORS – CLAIMS. 5.1 Each Party, including each Investor (by its execution of this Agreement or the Deeds of Adherence), waives, except in the case of fraud or wilful default or gross negligence, any claim it may have now or in the future against: (a) any Director relating to or otherwise connected with any act or exercise of any right or discretion by that Director under a provision of this Agreement; and (b) any Investor (including the General Partner) arising out of the valid exercise of any right or discretion by that Investor (including the General Partner) under a provision of this Agreement.