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 the Trustee shall not have any liability for any obligations of the Company under the Securities or the Indenture with respect to the Securities or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Holder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities.

Appears in 2 contracts

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

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

Appears in 1 contract

Samples: Indenture (Newfield Exploration Co /De/)

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Xx Recourse Against Others. A director, officer, employee employee, incorporator or stockholderstockholder of the Company, as such, of the Company or the Trustee shall not have any liability for any obligations of the Company under the Securities Notes or the Indenture with respect to the Securities 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 Note waives and releases all such liability. The waiver and release are part of the consideration for the issue issuance of the SecuritiesNotes.

Appears in 1 contract

Samples: Indenture (Orion Power Holdings Inc)

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