Common use of No Personal Liability of Directors, Officers, Employees and Shareholders Clause in Contracts

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or any Guarantors under the Securities of any Series, this Indenture, any Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities of any Series by accepting Securities of any Series waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities of any Series. The waiver may not be effective to waive liabilities under the federal securities laws.

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator incorporator, member, manager, partner or shareholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or any the Guarantors under the Securities of any SeriesNotes, the Subsidiary Guarantees, the Security Documents, this Indenture, any Guarantees Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities of any Series by accepting Securities of any Series a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities of any SeriesNotes. The waiver may not be effective to waive liabilities under the federal securities laws.

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator incorporator, partner, member or shareholder stockholder of the Company or any GuarantorSubsidiary of the Company, or of any member, partner or stockholder of any such entity, as such, will shall have any liability for any obligations of the Company or any Guarantors under the Securities of any Series, Notes or this Indenture, any Guarantees Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities of any Series Notes by accepting Securities of any Series a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities of any SeriesNotes. The Such waiver may not be effective to waive liabilities under the federal securities lawslaws and it is the view of the SEC that such a waiver is against public policy.