No Liability of Certain Persons. A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under this Senior Note or the Senior Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Holder, by accepting a Senior Note, waives and releases all such liability. The waiver and release are part of the consideration for the issuance of this Senior Note.
Appears in 3 contracts
Samples: Indenture (Michigan Consolidated Gas Co /Mi/), Michigan Consolidated Gas Co /Mi/, Michigan Consolidated Gas Co /Mi/
No Liability of Certain Persons. A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under this Senior Note or the Senior Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Holder, by accepting a Senior Note, waives and releases all such liability. The waiver and release are part of the consideration for the issuance of this Senior Note.
Appears in 1 contract
Samples: Michigan Consolidated Gas Co /Mi/
No Liability of Certain Persons. A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under this Senior Secured Insured Quarterly Note or the Senior Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Holder, by accepting a Senior Secured Insured Quarterly Note, waives and releases all such liability. The waiver and release are part of the consideration for the issuance of this Senior Secured Insured Quarterly Note.
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