Common use of No Recourse Against Certain Persons Clause in Contracts

No Recourse Against Certain Persons. No past, present or future director, officer, employee or stockholder, as such, of the Guarantor or any successor thereof shall have any liability for any obligations of the Guarantor under this Preferred Securities Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation and all such liability is hereby waived and released. Such waiver and release are part of the consideration for the issue of this Preferred Securities Guarantee and the Preferred Securities.

Appears in 26 contracts

Samples: Preferred Securities Guarantee Agreement (Tci Communications Financing Iv), Preferred Securities Guarantee Agreement (Xl Capital LTD), Preferred Securities Guarantee Agreement (Tci Communications Financing Iv)

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No Recourse Against Certain Persons. No past, present or future director, officer, employee or stockholder, as such, of the Guarantor or any successor thereof shall have any liability for any obligations of the Guarantor under this Preferred Securities Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation and all such liability is hereby waived and released. Such waiver and release are part of the consideration for the issue of this Preferred Common Securities Guarantee and the Preferred Common Securities.

Appears in 4 contracts

Samples: Common Securities Guarantee Agreement (Delphi Financial Group Inc/De), Common Securities Guarantee Agreement (Coastal Corp), Common Securities Guarantee Agreement (Xl Capital LTD)

No Recourse Against Certain Persons. No past, present or future director, officer, employee or stockholder, as such, of the Guarantor or any successor thereof shall have any liability for any obligations of the Guarantor under this Preferred Capital Securities Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation and all such liability is hereby waived and released. Such waiver and release are part of the consideration for the issue of this Preferred Common Securities Guarantee and the Preferred Common Securities.

Appears in 1 contract

Samples: Common Securities Guarantee Agreement (MDC Holdings Inc)

No Recourse Against Certain Persons. No past, present or future director, officer, employee or stockholder, as such, of the Guarantor or any successor thereof shall have any liability for any obligations of the Guarantor under this Preferred Common Securities Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation and all such liability is hereby waived and released. Such waiver and release are part of the consideration for the issue of this Preferred Common Securities Guarantee and the Preferred Common Securities.

Appears in 1 contract

Samples: Common Securities Guarantee Agreement (Circus Finance Ii)

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No Recourse Against Certain Persons. No past, present or future director, officer, employee or stockholder, as such, of the Guarantor or any successor thereof shall have any liability for any obligations of the Guarantor under this Preferred Capital Securities Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation and all such liability is hereby waived and released. Such waiver and release are part of the consideration for the issue of this Preferred Capital Securities Guarantee and the Preferred Capital Securities.

Appears in 1 contract

Samples: Capital Securities Guarantee Agreement (Tci Communications Inc)

No Recourse Against Certain Persons. No past, present or future director, officer, employee or stockholder, as such, of the Guarantor or any successor thereof shall have any liability for any obligations of the Guarantor under this Preferred Securities Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation and all such liability is hereby waived and released. Such waiver and release are part of the consideration for the issue of this Preferred qthis Common Securities Guarantee and the Preferred Common Securities.

Appears in 1 contract

Samples: Common Securities Guarantee Agreement (Circus Finance Ii)

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