Common use of Xx Recourse Against Others Clause in Contracts

Xx Recourse Against Others. A director, officer, employee or incorporator, as such, of the Issuer or the Guarantors, or a member or shareholder, as such, of the Issuer shall not have any liability for any obligations of the Issuer or the Guarantors under this Backstop Note, the other Backstop Notes, any Note Guarantee thereof or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting a Backstop Note, each Holder shall waive and release all such liability. The waiver and release are part of the consideration for issuance of the Backstop Notes.

Xx Recourse Against Others. A director, officer, employee or incorporator, as such, of the Issuer or the Guarantors, or a member or shareholder, as such, of the Issuer shall not have any liability for any obligations of the Issuer or the Guarantors under this Backstop Class A Note, the other Backstop Class A Notes, any Note Guarantee thereof or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting a Backstop Class A Note, each Holder shall waive and release all such liability. The waiver and release are part of the consideration for issuance of the Backstop Class A Notes.