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, manager, partner or stockholder of the Company, any Subsidiary Guarantor or the Parent Guarantor, as such, shall have any liability for any obligations of the Company, any Subsidiary Guarantor or the Parent Guarantor under the Notes, any Subsidiary Guarantee, the Parent Guarantee, the Indenture or this First Supplemental Indenture, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting the benefits of this First Supplemental Indenture waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Parent Guarantee.