Common use of Xx Recourse Against Others Clause in Contracts

Xx Recourse Against Others. A director, officer, employee, incorporator, member or shareholder, as such, of the Issuers or any Guarantor shall not have any liability for any obligations of the Issuers or any Guarantor under the Notes, this Indenture or any Guarantee or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Notes. Such waiver and release may not be effective to waive liabilities under the U.S. federal securities laws.

Xx Recourse Against Others. A No director, officer, employee, incorporator, member incorporator or shareholder, as such, stockholder of the Issuers Company or any Guarantor other direct or indirect parent shall not have any liability for any obligations of the Issuers Company or any Guarantor the New Subsidiary Guarantors under the Notes, this Indenture or any Guarantee the Indenture, the Guarantees 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 Note, each Holder shall waive waives and release releases all such liability. The This waiver and release shall be are part of the consideration for the issue issuance of the Notes. Such This waiver and release may not be effective to waive liabilities under the U.S. federal securities laws.. ​