Common use of Xx Recourse Against Others Clause in Contracts

Xx Recourse Against Others. No stockholder, director, officer, employee or incorporator, as such, of the Company shall have any liability for any obligation of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of, such Obligations or their creation. Each Holder of a Security by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities.

Appears in 1 contract

Samples: Indenture (Autotote Corp)

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

Appears in 1 contract

Samples: Indenture (Wiser Marketing Co)

Xx Recourse Against Others. No stockholderpast, present or future director, officer, employee employee, incorporator or incorporatorstockholder of the Company or of any Subsidiary Guarantor, as such, of the Company shall have any liability for any obligation obligations of the Company or any Subsidiary Guarantor under the Securities or Indenture, the Indenture Notes, the Subsidiary Guarantees or for any claim based on, in respect of of, or by reason of, such Obligations obligations or their creation. Each Holder of a Security by accepting a Security Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities.

Appears in 1 contract

Samples: Indenture (Videotron Ltee)

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Xx Recourse Against Others. No stockholder, A director, officer, employee or incorporatorstockholder, as such, of the Company shall not have any liability for any obligation obligations of the Company under the Securities Notes or the Indenture or for any claim based on, in respect of or by reason of, of such Obligations obligations or their creation. Each Holder of a Security by accepting a Security Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesNotes.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Petroleum Geo Services Asa)

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