Common use of Xx Recourse Against Others Clause in Contracts

Xx Recourse Against Others. No past, present or future director, officer, employee, manager, incorporator, member, partner or stockholder of Parent or its Subsidiaries shall have any liability for any obligations of the Issuer or the Guarantors under the Notes, the Guarantees, this Indenture or the Security Documents or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws.

Appears in 2 contracts

Samples: Execution Version (Kronos Worldwide Inc), Supplemental Indenture (Kronos Worldwide Inc)

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Xx Recourse Against Others. No past, present or future director, officer, employee, manager, incorporator, member, partner agent or stockholder holder of any Equity Interests in Parent or its Subsidiaries shall have any liability for any obligations of the Issuer or and the Guarantors under the Notes, the Guarantees, this the Indenture or the Security Documents this Supplemental Indenture or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Holder of Notes by accepting Notes a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such The waiver may not be effective to waive liabilities under the federal securities laws.

Appears in 1 contract

Samples: Execution Version (Kronos Worldwide Inc)

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Xx Recourse Against Others. No past, present or future director, officer, employee, manager, incorporator, member, partner or stockholder of Parent or its Subsidiaries shall have any liability for any obligations of the Issuer or the Guarantors under the Notes, the Guarantees, this Indenture Guarantees or the Security Documents Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder of Notes by accepting Notes a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such The waiver may not be effective to waive liabilities under the federal securities laws.

Appears in 1 contract

Samples: Execution Version (Kronos Worldwide Inc)

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