Common use of Director and Officer Liability Clause in Contracts

Director and Officer Liability. The directors, officers, and stockholders of each of the parties and their affiliates acting in such capacity shall not in such capacity have any personal liability or obligation arising under this Agreement (including any claims that the other parties may assert) other than as an assignee of this Agreement.

Appears in 8 contracts

Samples: Agreement and Plan of Merger (Ply Gem Industries Inc), Agreement and Plan of Merger (Ply Gem Industries Inc), Agreement and Plan of Merger (Snyder Dana R)

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Director and Officer Liability. The directors, officers, stockholders and stockholders other controlling persons of each of the parties and their affiliates acting in such capacity shall not in such capacity have any personal liability or obligation arising under this Agreement (including any claims that the other parties may assert) other than as an assignee of this Agreement.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Lin Television Corp), Agreement and Plan of Merger (U S Digital Communications Inc), Agreement and Plan of Merger (Lin Television Corp)

Director and Officer Liability. The directors, officers, employees and stockholders of each (including, without limitation, the Securityholders) of the parties Company and its Subsidiaries and their affiliates acting in such capacity Affiliates shall not in such capacity have any personal liability or obligation arising under this Agreement (including any claims that or the other parties may assert) other than Confidentiality Agreement except as an assignee specifically contemplated hereby or by the letters of this Agreementtransmittal.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Golfsmith International Holdings Inc)

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Director and Officer Liability. The directors, officers, and stockholders of each of the parties to this Agreement and their affiliates acting in such capacity Affiliates shall not in such capacity have any personal liability or obligation arising under this Agreement (including any claims that the other parties another party may assert) other than as an assignee of this AgreementAgreement or pursuant to a written guarantee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Heftel Broadcasting Corp)

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