Common use of Protection of Shareholders, Officers and Directors Clause in Contracts

Protection of Shareholders, Officers and Directors. Subject as herein provided, all or any of the rights conferred upon the Holder may be enforced by the Holder by appropriate legal proceedings. No recourse under or upon any obligation, covenant or agreement herein contained or in any of the Warrants represented hereby shall be had against any shareholder, officer or director of the Corporation, either directly or through the Corporation, it being expressly agreed and declared that the obligations under the Warrants evidenced hereby are solely corporate obligations of the Corporation and that no personal liability whatever shall attach to or be incurred by the shareholders, officers or directors of the Corporation or any of them in respect thereof, any and all rights and claims against every such shareholder, officer or director being hereby expressly waived as a condition of and as consideration for the issue of the Warrants evidenced hereby.

Protection of Shareholders, Officers and Directors. Subject as herein provided, all or any of the rights conferred upon the Holder may be enforced by the Holder by appropriate legal proceedings. No recourse under or upon any obligation, covenant or agreement herein contained or in any of the Warrants represented hereby shall be had taken against any shareholder, officer or director of the CorporationCompany, either directly or through the CorporationCompany, it being expressly agreed and declared that the obligations under the Warrants evidenced hereby hereby, are solely corporate obligations of the Corporation Company and that no personal liability whatever shall attach to or be incurred by the shareholders, officers officers, or directors of the Corporation Company or any of them in respect thereof, and any and all rights and claims against every such shareholder, officer or director are being hereby expressly waived as a condition of and as a consideration for the issue of the Warrants evidenced hereby.

Protection of Shareholders, Officers and Directors. 16.1 Subject as herein provided, all or any of the rights conferred upon the Holder may be enforced by the Holder by appropriate legal proceedings. No recourse under or upon any obligation, covenant or agreement herein contained or in any of the Warrants Subscription Right represented hereby shall will be had taken against any shareholder, officer or director of the CorporationCompany, either directly or through the CorporationCompany, it being expressly agreed and declared that the obligations under the Warrants Subscription Right evidenced hereby hereby, are solely corporate obligations of the Corporation Company and that no personal liability whatever shall will attach to or be incurred by the shareholders, officers officers, or directors of the Corporation Company or any of them in respect thereof, any and all rights and claims against every such shareholder, officer or director being hereby expressly waived as a condition of and as a consideration for the issue of the Warrants Subscription Right evidenced hereby.

Protection of Shareholders, Officers and Directors. Subject as herein provided, all or any of the rights conferred upon the Holder may be enforced by the Holder by appropriate legal proceedings. No recourse under or upon any obligation, covenant or agreement herein contained or in any of the Warrants represented hereby shall be had against any shareholder, officer or director of the Corporationcompany, either directly or through the CorporationCompany, it being expressly agreed and declared that the obligations under the Special Warrants evidenced hereby hereby, are solely corporate obligations of the Corporation Company and that no personal liability whatever shall attach to or be incurred by the shareholders, officers officers, or directors of the Corporation Company or any of them in respect thereof, any and all rights and claims against every such shareholder, officer or director being hereby expressly waived as a condition of and as a consideration for the issue of the Special Warrants evidenced hereby.