Common use of Immunity of Incorporators Stockholders Officers and Directors Clause in Contracts

Immunity of Incorporators Stockholders Officers and Directors. 15.1 Immunity of Certain Persons. No recourse for the payment of the principal of or premium, if any, or interest on any Note, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company, contained in this Indenture or in any supplemental indenture, or in any Note, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Notes.

Immunity of Incorporators Stockholders Officers and Directors. 15.1 Immunity of Certain PersonsIndenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal 99 109 of or premium, if any, or interest on any Note, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company, contained Company in this Indenture or in any supplemental indenture, indenture or in any Note, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer employee, agent, officer, director or directorsubsidiary, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Notes.

Immunity of Incorporators Stockholders Officers and Directors. 15.1 Immunity of Certain PersonsSECTION 12.01. Indenture and Securities Solely Corpo- rate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any NoteSecurity, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company, contained Company in this Indenture or in any supplemental indentureIndenture, or in any NoteSecurity, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporationPerson to the Company, either directly or through the Company or any successor corporationPerson to the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the NotesSecurities.

Immunity of Incorporators Stockholders Officers and Directors. 15.1 Immunity of Certain Persons. No recourse for the payment of the principal of or premium, if any, any premium or interest on any NoteSecurity, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company, contained in this Indenture or in any supplemental indenture, or in any NoteSecurity, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, either directly or through the Company or any successor corporationcorporation(s), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the NotesSecurities.

Immunity of Incorporators Stockholders Officers and Directors. 15.1 Immunity of Certain Persons. No recourse for the payment of the principal of or premium, if any, any premium or interest on any NoteSecurity, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the CompanyCompanies, contained in this Indenture or in any supplemental indenture, or in any NoteSecurity, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company Companies or any successor corporation, either directly or through the Company Companies or any successor corporationcorporation(s), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the NotesSecurities.