Common use of Limitation on Individual Liability Clause in Contracts

Limitation on Individual Liability. A director, officer, employee or shareholder, as such, of the Company or the Guarantor shall not have any liability for any obligations of the Company or the Guarantor under the Securities, this Indenture or the Guarantee or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Securities.

Limitation on Individual Liability. A director, officer, employee or shareholder, as such, of the Company or the Guarantor shall not have any liability for any obligations of the Company or the Guarantor under the SecuritiesNotes, this Indenture or the Guarantee or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a SecurityNote, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the SecuritiesNotes.