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 or stockholder of the Issuer or any Guarantor shall have any liability for any obligations of the Issuer or the Guarantors under the Notes, the Guarantees 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 Notes waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 3 contracts

Samples: Indenture (Nuance Communications, Inc.), Indenture (Nuance Communications, Inc.), Indenture (Nuance Communications, Inc.)

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No Liability of Directors, Officers, Employees, Incorporators, Members and Stockholders. No director, officer, employee, incorporator incorporator, member or stockholder of the an Issuer or any Guarantor shall Guarantor, as such, will have any liability for any obligations of the such Issuer or the Guarantors Guarantor under the Notes, the Guarantees any Note Guarantee or this Indenture or for any claim based on, in respect of, or by reason of of, such obligations or their creationobligations. Each Holder of Notes by accepting Notes a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 2 contracts

Samples: Indenture (DT Credit Company, LLC), Indenture (DT Acceptance Corp)

No Liability of Directors, Officers, Employees, Incorporators, Members and Stockholders. No director, officer, employee, incorporator incorporator, member or stockholder of the any Issuer or any Guarantor shall Guarantor, as such, will have any liability for any obligations of the such Issuer or the Guarantors such Guarantor under the Notes, the Guarantees or any Notes Guarantee, this Indenture or the Security Documents or for any claim based on, in respect of, or by reason of of, such obligations or their creationthe creation thereof. Each Holder of Notes by accepting Notes a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Tower Automotive, LLC)

No Liability of Directors, Officers, Employees, Incorporators, Members and Stockholders. No director, officer, employee, incorporator incorporator, member or stockholder stockholder, past, present or future, of the Issuer or any Guarantor shall or any successor entity, as such, will have any liability for any obligations of the Issuer or the Guarantors such Guarantor under the Notes, any Note Guarantee, the Guarantees Registration Rights Agreement or this Indenture or for any claim based on, in respect of, or by reason of of, such obligations or their creationobligations. Each Holder of Notes by accepting Notes a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 1 contract

Samples: Indenture (DineEquity, Inc)

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No Liability of Directors, Officers, Employees, Incorporators, Members and Stockholders. No director, officer, employee, incorporator incorporator, member, manager, partner, trustee or stockholder equityholder of the Issuer or any Guarantor shall Issuer, as such, will have any liability for any obligations of the Issuer or the Guarantors under the Notes, the Guarantees Notes or this Indenture or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Holder of Notes by accepting Notes a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Life Partners IRA Holder Partnership, LLC)

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