Common use of Incorporators, Stockholders, Officers Clause in Contracts

Incorporators, Stockholders, Officers. Directors, Employees and Controlling Persons of Company Exempt from Individual Liability. No recourse for the payment of the principal of, premium, if any, or interest on any of the Notes or 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 Note, or because of the creation of any indebtedness evidenced thereby, shall be had against any incorporator, as such, or against any past, present or future stockholder, officer, director, employee or controlling person, as such, of the Company or of any successor Person, either directly or through the Company or any successor Person, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Notes by the Holders thereof and as part of the consideration for the issue of the Notes.

Appears in 3 contracts

Samples: Indenture (Williams Communications Group Inc), Indenture (Williams Communications Group Inc), Indenture (Williams Communications Group Inc)

AutoNDA by SimpleDocs

Incorporators, Stockholders, Officers. Directors, Employees and Controlling Persons of Company Exempt from Individual Liability. No recourse for the payment of the principal of, premium, if any, or interest on any of the Notes Securities or 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 NoteSecurity, or because of the creation of any indebtedness evidenced thereby, shall be had against any incorporator, as such, or against any past, present or future stockholder, officer, director, employee or controlling person, as such, of the Company or of any successor Person, either directly or through the Company or any successor Person, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Notes Securities by the Holders holders thereof and as part of the consideration for the issue of the NotesSecurities.

Appears in 3 contracts

Samples: Indenture (Zd Inc), Indenture (Usec Inc), Indenture (Usec Inc)

AutoNDA by SimpleDocs

Incorporators, Stockholders, Officers. Directors, Directors and Employees of Issuer and Controlling Persons of Company Guarantor Exempt from Individual Liability. No recourse for the payment of the principal of, premium, if any, or interest on any of the Notes or 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 NoteSecurity, or because of the creation of any indebtedness evidenced thereby, shall be had against any incorporator, as such, such or against any past, present or future stockholder, officer, director, employee director or controlling personemployee, as such, of the Company Issuer or the Guarantor, as applicable or of any successor Personsuccessor, either directly or through the Company Issuer or the Guarantor or any successor Personsuch successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Notes Securities and the Coupons appertaining thereto by the Holders thereof and as part of the consideration for the issue of the NotesSecurities and the Coupons appertaining thereto.

Appears in 1 contract

Samples: Indenture (Sysco Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!