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 Issuer shall have any liability for any obligations of Issuer under the Notes 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.

Appears in 3 contracts

Samples: Indenture (Hungarian Telephone & Cable Corp), Invitel Holdings a/S, Invitel Holdings a/S

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No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator incorporator, shareholder or shareholder stockholder of the Issuer or any Guarantor, as such, shall have any liability for any obligations of the Issuer or the Guarantors under the Notes or Notes, this Indenture and the Note Guarantees 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 2 contracts

Samples: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator incorporator, shareholder or shareholder stockholder of the Issuer or any Guarantor, as such, shall have any liability for any obligations of the Issuer or the Guarantors under the Notes or Notes, this Indenture and the Note Guarantees 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: Supplemental Indenture (Norwegian Cruise Line Holdings Ltd.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator incorporator, shareholder or shareholder stockholder of the Issuer or any Guarantor, as such, shall have any liability for any obligations of the Issuer or the Guarantors under the Notes or Notes, this Indenture and the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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.143

Appears in 1 contract

Samples: Indenture (Norwegian Cruise Line Holdings Ltd.)

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No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator incorporator, shareholder or shareholder stockholder of Issuer the Issuer, as such, shall have any liability for any obligations of the Issuer under the Notes or and this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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: Indenture (Norwegian Cruise Line Holdings Ltd.)

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