Common use of Immunity of Directors and Officers Clause in Contracts

Immunity of Directors and Officers. The Holders and the Debenture Trustees hereby waive and release any right, cause of action or remedy now or hereafter existing in any jurisdiction against any past, present or future director or officer of the Issuer or any Guarantor, or any of their respective successor, for the payment of the principal of, interest or premium, if any, on any of the Debentures or the Debenture Guarantees or on any covenant, agreement, representation or warranty by the Issuer or any Guarantor, or any of their respective successor, contained herein or contained in the Debentures or the Debenture Guarantees.

Immunity of Directors and Officers. The Holders and the Debenture Trustees hereby waive and release any right, cause of action or remedy now or hereafter existing in any jurisdiction against any past, present or future director or officer of the Issuer or any Guarantor, or any of their respective successor, for the payment of the principal of, interest or premium, if any, on any of the Debentures Notes or the Debenture Note Guarantees or on any covenant, agreement, representation or warranty by the Issuer or any Guarantor, or any of their respective successor, contained herein or contained in the Debentures Notes or the Debenture Note Guarantees.