Common use of Release of shareholders, officers and directors Clause in Contracts

Release of shareholders, officers and directors. This Note is the obligation of the Corporation only, and no recourse shall be had for the payment of any principal or interest hereon against any shareholder, officer or director of the Corporation, either directly or through the Corporation, by virtue of any statute for the enforcement of any assessment or otherwise. The holder or holders of this Note, by the acceptance hereof, and as part of the consideration for this Note, release all claims and waive all liabilities against the foregoing persons in connection with this Note.

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc)

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Release of shareholders, officers and directors. This Note Debenture is ----------------------------------------------- the obligation of the Corporation corporation only, and no recourse shall be had for the payment of any principal or interest hereon against any shareholder, officer or director of the Corporation, Corporation either directly or through the Corporation, Corporation by virtue of any statute for the enforcement of any assessment or otherwise. The holder Holder or holders Holders of this NoteDebenture, by the acceptance hereof, and as part of the consideration for this NoteDebenture, release all claims and waive all liabilities against the foregoing persons person in connection with this NoteDebenture.

Appears in 1 contract

Samples: Convertible Debenture (Just Like Home Inc)

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