Common use of Obligations Limited to Parties to Agreement Clause in Contracts

Obligations Limited to Parties to Agreement. Each of the parties hereto covenants, agrees and acknowledges that no Person other than the Company and the Purchaser (and their permitted assignees) shall have any obligation hereunder and that, notwithstanding that the Purchaser is a corporation, no recourse under this Agreement or under any documents or instruments delivered in connection herewith shall be had against any former, current or future director, officer, employee, agent, stockholder or Affiliate of the Purchaser or any former, current or future director, officer, employee, agent, stockholder or Affiliate of the Company, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any applicable Law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any former, current or future director, officer, employee, agent, stockholder or Affiliate of the Purchaser or any former, current or future director, officer, employee, agent, stockholder or Affiliate of the Company, as such, for any obligations of the Purchaser under this Agreement or any documents or instruments delivered in connection herewith or therewith or for any claim based on, in respect of or by reason of such obligation or its creation.

Obligations Limited to Parties to Agreement. Each of the parties hereto covenants, agrees and acknowledges that no Person other than the Company Stockholder (and its transferees or assignees) and the Purchaser (and their permitted assignees) Company shall have any obligation hereunder and that, notwithstanding that the Purchaser is a corporation, no recourse under this Agreement or under any documents or instruments delivered in connection herewith shall be had against any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of the Purchaser Stockholder or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Companyforegoing, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any applicable Lawlaw, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of the Purchaser any Stockholder or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Companyforegoing, as such, for any obligations of the Purchaser Stockholder under this Agreement or any documents or instruments delivered in connection herewith or therewith or for any claim based on, in respect of or by reason of such obligation or its creation.