Common use of No Recourse Against Certain Others Clause in Contracts

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or such Note Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 2 contracts

Samples: Indenture (Paragon Trade Brands Inc), Indenture (Paragon Trade Brands Inc)

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No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or any such Note Guarantor under the Notes, the Note Guarantees Guarantees, if any, or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or any such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 2 contracts

Samples: Indenture (Krystal Company), Indenture (Gorges Quik to Fix Foods Inc)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company Issuer or any Note the Guarantor, as such, shall have any liability for any obligations of the Company Issuer or such Note the Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company Issuer or such Note the Guarantor, as the case may be. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 2 contracts

Samples: Indenture (Mobile Telesystems Ojsc), Indenture (Mobile Telesystems Ojsc)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or such Note Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 2 contracts

Samples: Supplemental Indenture (Pierre Foods Inc), Indenture (Fresh Foods Inc)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or such Note Guarantor the Guarantors under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its his or her status as a director, officer, employee, incorporator or stockholder of the Company or such Note any Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Indenture (PLD Telekom Inc)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or any such Note Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, of or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or any such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Supplemental Indenture (Krystal Company)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or any such Note Guarantor under the Notes, the Note Guarantees Guarantees, if any, or the Indenture or for any claim based on, in respect of, of or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or any such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Indenture (Krystal Company)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or any such Note Guarantor under the Notes, the Note Guarantees Guarantees, if any, or any such Guarantor or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or any such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Indenture (Gorges Quik to Fix Foods Inc)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or any such Note Guarantor under the Notes, the Note Guarantees Guarantors, if any, or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or any such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Indenture (Gorges Quik to Fix Foods Inc)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or any such Note Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or any such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Supplemental Indenture (Krystal Company)

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No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company Issuer or any Note Guarantor, as such, shall have any liability for any obligations of the Company Issuer or such Note Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company Issuer or such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Indenture (Phoenix Md Realty LLC)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or such Note Subsidiary Guarantor under the Notes, the Note Subsidiary Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or such Note any Subsidiary Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Security Agreement (Costilla Energy Inc)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or any such Note Guarantor under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, ; such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or any such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Supplemental Indenture (Krystal Company)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or such Note Guarantor the Guarantors under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its his or her status as a director, officer, employee, incorporator or stockholder of the Company or such Note any Guarantor. By accepting a Note, each Holder waives D-12 218 and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Indenture (PLD Telekom Inc)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantorthe Guarantors, as such, shall have any liability for any obligations of the Company or such Note Guarantor the Guarantors under the Notes, the Note Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation, solely by reason of its his or her status as a director, officer, employee, incorporator or stockholder of the Company or such Note any Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Convertible Note Agreement (Nwe Capital Cyprus LTD)

No Recourse Against Certain Others. No director, officer, employee, incorporator or stockholder of the Company or any Note Guarantor, as such, shall have any liability for any obligations of the Company or any such Note Guarantor under the Notes, the Note Guarantees Guarantees, if any, or the Indenture or for any claim based on, in respect of, or by reason of, ; such obligations or their creation, solely by reason of its status as a director, officer, employee, incorporator or stockholder of the Company or any such Note Guarantor. By accepting a Note, each Holder waives and releases all such liability (but only such liability) as part of the consideration for issuance of such Note to such Holder.

Appears in 1 contract

Samples: Indenture (Krystal Company)

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