Common use of Xx Recourse Against Others Clause in Contracts

Xx Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company or any Guarantor shall not have any liability for any obligations of the Company under the Securities or this Indenture or of such Guarantor under its Securities Guarantee or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Securities.

Appears in 3 contracts

Samples: Indenture (Transocean Ltd.), Supplemental Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)

AutoNDA by SimpleDocs

Xx Recourse Against Others. A No director, officer, employee employee, manager, incorporator or stockholderholder of any Equity Interests in the Issuer or any Guarantor, any direct or indirect parent company of the Issuer, or any Guarantor as such, of the Company or any Guarantor shall not have any liability for any obligations of the Company Issuer or any Guarantor under the Securities or this Notes, the Indenture or of such Guarantor under its Securities Guarantee or this Indenture the Guarantees, as applicable, or for any claim based on, in respect of of, or by reason of of, such obligations or their creation. By Each holder of Notes by accepting a Security, each Holder shall waive Note waives and release releases all such liability. The waiver and release shall be part of the consideration for the issue of the Securities.

Appears in 1 contract

Samples: Supplemental Indenture (TopBuild Corp)

Xx Recourse Against Others. A No stockholder, director, officer, employee or stockholderincorporator, as such, of the Company or any Guarantor shall not have any liability for any obligations obligation of the Company under the Securities or this Indenture or of such Guarantor under its Securities Guarantee or this the Indenture or for any claim based on, in respect of or by reason of of, such obligations Obligations or their creation. By Each Holder of a Security by accepting a Security, each Holder shall waive Security waives and release releases all such liability. The waiver and release shall be are part of the consideration for the issue issuance of the Securities.

Appears in 1 contract

Samples: Indenture (Autotote Corp)

Xx Recourse Against Others. A No past, present or future director, officer, employee employee, incorporator or stockholderstockholder of the Company or of any Subsidiary Guarantor, as such, of the Company or any Guarantor shall not have any liability for any obligations of the Company or any Subsidiary Guarantor under the Securities or this Indenture or of such Guarantor under its Securities Guarantee or this Indenture Indenture, the Notes, the Subsidiary Guarantees or for any claim based on, in respect of of, or by reason of of, such obligations or their creation. By Each Holder by accepting a Security, each Holder shall waive Note waives and release releases all such liability. The waiver and release shall be part of the consideration for the issue of the Securities.

Appears in 1 contract

Samples: Subordination Agreement (Videotron Ltee)

AutoNDA by SimpleDocs

Xx Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company or any Subsidiary Guarantor shall not have any liability for any obligations of the Company or a Subsidiary Guarantor under the Securities or this Indenture or of such Guarantor under its Securities Guarantee or this the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Holder shall waive waives and release releases all such liability. The waiver and release shall be are part of the consideration for the issue of the Securities.

Appears in 1 contract

Samples: Wiser Marketing Co

Time is Money Join Law Insider Premium to draft better contracts faster.