No Personal Liability of Directors Etc. None of the Company’s directors, officers, employees, incorporators or stockholders, as such, shall have any liability for any of the Company’s obligations under the Notes, the 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.
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Samples: Fourth Supplemental Indenture (Valspar Corp), Third Supplemental Indenture (Hasbro Inc), Third Supplemental Indenture (Valspar Corp)
No Personal Liability of Directors Etc. None of the Company’s 's directors, officers, employees, incorporators or stockholders, as such, shall have any liability for any of the Company’s 's obligations under the Notes, the 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.
Appears in 1 contract
Samples: Second Supplemental Indenture (Great Atlantic & Pacific Tea Co Inc)
No Personal Liability of Directors Etc. None of the Company’s 's directors, officers, employees, incorporators or stockholders, as such, shall have any liability for any of the Company’s 's obligations under the 2007 Notes, the Indenture, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of 2007 Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the 2007 Notes.
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