No Recourse Against Directors. No past, present or future director of any Guarantor, as such, shall have any liability to the Lenders or the Holders by reason of the provision by such Guarantor of its Guarantee of, or Collateral for, amounts outstanding under the Transaction Finance Documents or for any claim based on, in respect of, or by reason of, such obligations or security or their creation. Each Holder by accepting a Note waives and releases all such liability.
No Recourse Against Directors. The Buyer shall not, and shall cause the Target Group Companies not to, make any claim against any former or current legal representative, director, officer or member of a supervisory board or advisory board of the Sellers’ Retained Group Companies or the Target Group Companies (including those resigning on the Closing Date) with respect to any management decisions adopted or executed by AOAG or any of the Target Group Companies prior to the Closing Date or otherwise seek the liability of any such legal representative, director or officer in that respect and, to the extent any such claim is made by the Buyer or any of the Target Group Companies, the Buyer shall indemnify and hold any such a legal representative, director or officer harmless against the consequences of any such claim or liability.
No Recourse Against Directors. General Motors shall not make any claim against any former or current legal representative, director, officer or member of a supervisory board or advisory board of the Target Group Companies with respect to any management decisions adopted or executed by the Target Group Companies prior to the Closing Date or otherwise seek the liability of any such legal representative, director or officer in that respect.
No Recourse Against Directors. Officers or ------------------------------------------------------- Employees of the Issuer. ------------------------ All representations, covenants and obligations of any director, officer or employee of the Issuer shall be treated as representations, covenants and obligations of the Issuer and not as made in such person's individual capacity, and no recourse shall be had for the payment of the principal of or interest or Carryover Interest on the Notes or for any claim based on that payment or on this Indenture against any such person or any person executing the Notes on behalf of the Issuer; but nothing herein contained shall relieve any such director, officer or employee from the performance of any official duty provided by law or by this Indenture.
No Recourse Against Directors. (a) From the Closing Date, Purchaser, Greatbatch and the Acquired Companies shall not make any claim against any director of any Acquired Company in connection with his acts or omissions as a director of such Acquired Company during the period ending with the Closing Date, under Swiss law including, without limitation, in accordance with article 752 et seq. of the Swiss Code of Obligations, except for fraud or criminal or willful misconduct on the part of such director. Any such potential claims (whether known at date hereof or not) are hereby unconditionally and irrevocably waived by the Purchaser on its own behalf and on behalf of Greatbatch and, as from the Closing Date, on behalf of the Acquired Companies.
No Recourse Against Directors. (a) Neither Seller nor Buyer shall make, and procure that none of its Affiliates, including the TE Companies, shall make, any claim against any director or officer of the TE Business in connection with this Agreement or the agreements pursuant hereto or otherwise in connection with the transactions contemplated hereby, except in cases of willful misconduct or gross negligence of the director or officer concerned.
No Recourse Against Directors. Section 1.15 Schedules Section 1.16 Trust Indenture Act Controls
No Recourse Against Directors. Any liability or obligation of the Corporation or the directors in their capacity as directors of the Corporation pursuant to this Indenture shall be satisfied only out of the property of the Corporation and, notwithstanding anything contained in this Indenture to the contrary, the representations, covenants, liabilities and obligations of the Corporation (including of the directors in their capacity as directors of the Corporation) set out in this Indenture or in any document delivered in connection herewith, shall not be personally binding upon, resort shall not be had to, nor shall satisfaction or recourse be sought from, the private property of the holders of Shares or annuitants under a plan of which a holder of Shares acts as a trustee or carrier or the directors of the Corporation, or from the officers, employees or agents of the Corporation.
No Recourse Against Directors. (a) Neither Sellers nor Buyers shall make, and procure that the Orion Business shall not make, any claim against any director or officer of the Orion Business, including, but not limited to, the Orion Key Persons, in connection with this Agreement or the agreements pursuant hereto or otherwise in connection with the transactions contemplated hereby.
No Recourse Against Directors. Except for claims involving fraud or willful misconduct (dol), the Buyer shall not, and shall cause the Group Companies not to, make any claim against any former or current mandataire social, director or officer of the Group Companies (including those resigning on the Closing Date) with respect to any management decisions adopted by any of the Group Companies prior to the Closing Date or otherwise seek the liability of any such mandataire social, director or officer in that respect and, to the extent any such claim is made by the Buyer or any of the Group Companies, the Buyer shall indemnify and hold any such a mandataire social, director or officer harmless against the consequences of any such claim or liability.
