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 9 contracts
Samples: Preferred Securities Guarantee Agreement (Xl Capital LTD), Preferred Securities Guarantee Agreement (Xl Capital LTD), Preferred 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 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 3 contracts
Samples: Common Securities Guarantee Agreement (Xl Capital LTD), Common Securities Guarantee Agreement (Delphi Financial Group Inc/De), Common Securities Guarantee Agreement (Xl Capital LTD)
