Common use of No Liability of Directors, Officers, Employees, Incorporators, Members and Stockholders Clause in Contracts

No Liability of Directors, Officers, Employees, Incorporators, Members and Stockholders. No director, officer, employee, incorporator, member or stockholder of the Company, STX or the Parent, as such, will have any liability for any obligations of the Company, STX or the Parent under the Notes, any Note Guarantee or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. (e) Section 11.14 of the Indenture is hereby amended and restated in its entirety as follows:

Appears in 10 contracts

Samples: Supplemental Indenture (Seagate Technology PLC), Supplemental Indenture (Seagate Technology PLC), Supplemental Indenture (Seagate Technology PLC)

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