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Common use of Recourse for Claims Clause in Contracts

Recourse for Claims. Each Shareholder shall look solely to the assets of the Company for all distributions with respect to the Company, and shall have no recourse therefor (upon dissolution or otherwise) against the Liquidator or any other Shareholder.

Appears in 5 contracts

Sources: Joint Venture Agreement (Hempacco Co., Inc.), Joint Venture Agreement (Hempacco Co., Inc.), Joint Venture Agreement (High Sierra Technologies, Inc.)

Related Clauses

  • Grant Remedies Termination and Prohibited Activities
  • Limitation of Vendor Indemnification and Similar Clauses This is a requirement of the TIPS Contract and is non-negotiable
  • EVENTS CONSTITUTING MATERIAL BREACH OF AGREEMENT
  • Intellectual Property Indemnification by Vendor
  • REMEDIES, CHARACTERIZATION, OTHER OBLIGATIONS, BREACHES AND INJUNCTIVE RELIEF

Parent Clauses

  • Dissolution and Liquidation
  • Company Funds
  • Distributions
  • WHEREAS
  • Dissollution and Liquidation

Sub-Clauses

  • Further Assurances
  • Headings
  • Expenses
  • Notices
  • Severability
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