No Liability for Certain Persons. No director, officer, employee, or stockholder of Holdings or the Company, nor any director, officer or employee of any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Securities, the Guarantees or this Indenture based on or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The foregoing waiver and release is an integral part of the consideration for the issuance of the Securities and the Guarantees.
No Liability for Certain Persons. An incorporator or any past, present or future director, officer, employee, partner, member or stockholder of the Company or any Subsidiary Guarantor, as such, shall not have any liability for any obligations of the Company or any Subsidiary Guarantor, respectively, under the Notes or the Indenture or any Subsidiary Guarantee or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issuance of the Notes.
No Liability for Certain Persons. No present or future incorporator, director, officer, employee, or stockholder of the Company, nor any present or future incorporator, director, officer or employees of any Guarantor, as such, shall have any liability directly or indirectly for any obligations of the Company or any Guarantor under the Securities, the Guarantees or this Indenture based on or by reason of such obligations or their creation whether by virtue of any constitution, statute, rule or law, or by the enforcement of any assessment or penalty or otherwise, it being expressly agreed and understood that this Indenture, the Securities, Guarantees and obligations are solely corporate obligations. Each Holder by accepting a Security waives and releases all such liability. The foregoing waiver and release is an integral part of the consideration for the issuance of the Securities and the Guarantees.
No Liability for Certain Persons. No director, officer, employee, or stockholder of the Company shall have any liability for any obligations of the Company under the Debentures or this Indenture based on or by reason of such obligations or their creation. Each Holder by accepting a Debenture waives and releases all such liability. The foregoing waiver and release is an integral part of the consideration for the issuance of the Debentures.
No Liability for Certain Persons. .. 94 ____________________
No Liability for Certain Persons. 95 ARTICLE X Covenants
No Liability for Certain Persons. 53 ARTICLE X Covenants..............................................................................................53
