Common use of Recourse to Buyer Clause in Contracts

Recourse to Buyer. Except to the extent expressly provided otherwise in the Transaction Documents, the obligations of Buyer under the Transaction Documents to which it is a party are solely the obligations of Buyer. No recourse shall be had for payment of any fee payable by or other obligation of or claim against Buyer that arises out of any Transaction Document to which Buyer is a party against any director, officer or employee of Buyer. The provisions of this section shall survive the termination of this Agreement.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Chemtura CORP), Receivables Purchase Agreement (International Comfort Products Corp), Receivables Purchase Agreement (Crompton & Knowles Corp)

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Recourse to Buyer. Except to the extent expressly provided otherwise in the Transaction Documents, the obligations of Buyer under the Transaction Documents to which it is a party are solely the obligations of Buyer. No recourse shall be had for payment of any fee payable by or other obligation of or claim against Buyer that arises out of any Transaction Document to which Buyer is a party against any director, officer or employee of Buyer. The provisions of this section Section shall survive the termination of this Agreement. [Remainder of page intentionally left blank.]

Appears in 1 contract

Samples: Receivables Purchase Agreement (Vertis Inc)

Recourse to Buyer. Except to the extent (if at all) expressly provided otherwise in the Transaction Documentsa Sale Document, the obligations of Buyer under the Transaction Sale Documents to which it is a party are solely the obligations of Buyer. No recourse shall be had for payment of any fee payable by or other obligation of or claim against Buyer that arises out of any Transaction Sale Document to which Buyer is a party against any director, officer or employee of Buyer. The provisions of this section shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (Volt Information Sciences Inc)

Recourse to Buyer. Except to the extent expressly ----------------- provided otherwise in the Transaction Documents, the obligations of Buyer under the Transaction Documents to which it is a party are solely the obligations of Buyer. No , and no recourse shall be had for payment of any fee payable by or other obligation of or claim against Buyer that arises out of any Transaction Document to which Buyer is a party against any director, officer or employee of Buyer. The provisions of this section shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Alliance Laundry Holdings LLC)

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Recourse to Buyer. Except to the extent expressly provided otherwise in the Transaction Sale Documents, the obligations of Buyer under the Transaction Sale Documents to which it is a party are solely the obligations of Buyer. No recourse shall be had for payment of any fee payable by or other obligation of or claim against Buyer that arises out of any Transaction Sale Document to which Buyer is a party against any director, officer or employee of Buyer. The provisions of this section shall survive the termination of this Agreement. [The Remainder of this page intentionally has been left blank.]

Appears in 1 contract

Samples: Sale Agreement (Exide Corp)

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