Common use of Incorporators, Stockholders, Officers and Directors of the Company Exempt from Individual Liability Clause in Contracts

Incorporators, Stockholders, Officers and Directors of the Company Exempt from Individual Liability. No recourse under or upon any obligation, covenant or agreement of or contained in this Indenture or of or contained in any Security or interest coupon appertaining thereto, or for any claim based thereon or otherwise in respect thereof, or because 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 Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, by the enforcement of any assessment or penalty, by any legal or equitable proceeding or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of the acceptance of, and as a part of the consideration for the execution of this Indenture and the issuance of, the Securities and any interest coupons appertaining thereto.

Appears in 7 contracts

Samples: Senior Indenture (Mapco Inc), Senior Indenture (Mapco Inc), Senior Subordinated Indenture (Allied Waste Industries Inc)

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Incorporators, Stockholders, Officers and Directors of the Company Exempt from Individual Liability. No recourse under or upon any obligation, covenant or agreement of or contained in this Indenture or of or contained in any Security or interest coupon appertaining thereto, or for any claim based thereon or otherwise in respect thereof, or because 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 Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, by the enforcement of any assessment or penalty, by any legal or equitable proceeding or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of the acceptance of, and as a part of the consideration for the execution of this Indenture and the issuance of, the Securities and any interest coupons appertaining thereto.

Appears in 2 contracts

Samples: Subordinated Indenture (Eastern Environmental Services Inc), Subordinated Indenture (Eastern Environmental Services Inc)

Incorporators, Stockholders, Officers and Directors of the Company Exempt from Individual Liability. No recourse under or upon any obligation, covenant or agreement of or contained in this Indenture or of or contained in any Security or interest coupon appertaining theretoSecurity, or for any claim based thereon or otherwise in respect thereof, or in any Security, 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 company or any successor Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty, by any legal or equitable proceeding penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of the acceptance of, and as a part of the consideration for for, the execution of this Indenture and the issuance of, issue of the Securities and any interest coupons appertaining theretoSecurities.

Appears in 2 contracts

Samples: Indenture (COLORADO INTERSTATE ISSUING Corp), Indenture (COLORADO INTERSTATE ISSUING Corp)

Incorporators, Stockholders, Officers and Directors of the Company Exempt from Individual Liability. No recourse under or upon any obligation, covenant or agreement of or contained in this Indenture or of or contained in any Security or interest coupon appertaining thereto, or for any claim based thereon or otherwise in respect thereof, or because 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 Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, by the enforcement of any assessment or penalty, by any legal or equitable proceeding or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of the acceptance of, and as a part of the consideration for the execution of this Indenture and the issuance of, the Securities and any interest coupons appertaining thereto.the

Appears in 2 contracts

Samples: Senior Indenture (Allied Waste Industries Inc), Senior Indenture (Allied Waste Industries Inc)

Incorporators, Stockholders, Officers and Directors of the Company Exempt from Individual Liability. No recourse under or upon any obligation, covenant or agreement of or contained in this Indenture or of or contained in any Security or interest coupon appertaining theretoSecurity, or for any claim based thereon or otherwise in respect thereof, or in any Security, 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 Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty, by any legal or equitable proceeding penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of the acceptance of, and as a part of the consideration for for, the execution of this Indenture and the issuance of, issue of the Securities and any interest coupons appertaining theretoSecurities.

Appears in 2 contracts

Samples: Indenture (Farmland Industries Inc), Indenture (Farmland Industries Inc)

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Incorporators, Stockholders, Officers and Directors of the Company Exempt from Individual Liability. No recourse under or upon any obligation, covenant or agreement of or contained in this Indenture or of or contained in any Security or interest coupon appertaining theretoSecurity, or for any claim based thereon or otherwise in respect thereof, or in any Security, 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 Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty, by any legal or equitable proceeding penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of the acceptance of, and as a part of the consideration for for, the execution of this Indenture and the issuance of, issue of the Securities and any interest coupons appertaining theretoSecurities.

Appears in 2 contracts

Samples: Indenture (El Paso Natural Gas Co), Indenture (El Paso Energy Capital Trust I)

Incorporators, Stockholders, Officers and Directors of the Company Exempt from Individual Liability. No recourse under or upon any obligation, covenant obligation or agreement of or contained in this Indenture or of or contained in any Security or interest coupon appertaining thereto, or for any claim based thereon or otherwise in respect thereof, or because 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 Person, either directly or through the Company or any successor Person, whether by virtue of any constitution, statute or rule of law, by the enforcement of any assessment or penalty, by any legal or equitable proceeding or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of the acceptance of, and as a part of the consideration for the execution of this Indenture and the issuance of, the Securities and any interest coupons appertaining thereto.

Appears in 1 contract

Samples: Subordinated Indenture (Allied Waste Industries Inc)

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