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 past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer or any of its Subsidiaries or Affiliates, as such (other than the Issuer and the Guarantors), shall have any liability for any obligations of the Issuer or the Guarantors under the Note Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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 14 contracts

Samples: Indenture (Community Health Systems Inc), Indenture (Community Health Systems Inc), Indenture (Community Health Systems Inc)

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No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer or any of its Subsidiaries or AffiliatesGuarantor, as such (other than the Issuer and the Guarantors)such, shall have any liability for any Indebtedness, obligations or liabilities of the Issuer under the Notes or the Guarantors Indenture or of any Guarantor under the Note Documents its Guarantee or for any claim based on, in respect of, or by reason of, such Indebtedness, obligations or liabilities or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the NotesNotes and the Guarantees.

Appears in 13 contracts

Samples: Indenture (Weatherford International PLC), Indenture (Weatherford International PLC), Indenture (Weatherford International PLC)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder stockholder of the Issuer Company or any of its Subsidiaries or AffiliatesSubsidiary Guarantor, as such (other than the Issuer and the Guarantors)such, shall have any liability for any obligations of the Issuer Company or of the Subsidiary Guarantors under the Note Documents Notes, this Indenture, the Subsidiary 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 8 contracts

Samples: Indenture (Videotron Ltee), Indenture (Quebecor Media Inc), Indenture (Quebecor Media Inc)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, manager, member, employee, manageragent, partner, incorporator incorporator, shareholder or shareholder unitholder of the Issuer Company or any of its Subsidiaries or AffiliatesGuarantor, as such (other than the Issuer and the Guarantors)such, shall will have any liability for any obligations of the Issuer Company or the Guarantors under the Note Documents Notes, this Indenture, the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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 (Post Holdings, Inc.), Indenture (Post Holdings, Inc.), Indenture (Post Holdings, Inc.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer or any of its Subsidiaries or AffiliatesSubsidiary Guarantor, as such (other than the Issuer and the Guarantors)such, shall have any liability for any obligations of the Issuer or the Subsidiary Guarantors under the Note Documents 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 a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 3 contracts

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

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer or any Guarantor or any of its their respective Subsidiaries or Affiliates, as such (other than the Issuer and the Guarantors)such, shall have any liability for any obligations of the Issuer or the Guarantors under the Note Documents Documents, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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 (Encore Capital Group Inc), Indenture (Encore Capital Group Inc), Indenture (Encore Capital Group Inc)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder stockholder of the Issuer or any of its Subsidiaries or AffiliatesGuarantor, as such (other than the Issuer and the Guarantors)such, shall will have any liability for any obligations of the Issuer or the Guarantors any Guarantor under the Notes, the Indenture, the Note Documents Guarantees, the Collateral Documents, the Intercreditor Agreement 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 2 contracts

Samples: Indenture (Sappi LTD), Indenture (Sappi LTD)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder stockholder of the Issuer or any of its Subsidiaries or AffiliatesGuarantor, as such (other than the Issuer and the Guarantors)such, shall will have any liability for any obligations of the Issuer or the Guarantors Guarantor(s) under the Notes, this Indenture, the Note Guarantees and the Security Documents 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. The waiver may not be effective to waive liabilities under applicable securities laws.

Appears in 2 contracts

Samples: Indenture (VimpelCom Ltd.), Indenture (VimpelCom Ltd.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer Company or any of its Subsidiaries or AffiliatesGuarantor, as such (other than the Issuer and the Guarantors)such, shall have any liability for any obligations of the Issuer Company or the Guarantors under the Note Documents Notes, this Indenture, the Subsidiary 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 (Ainsworth Lumber Co LTD), Indenture (Ainsworth Lumber Co LTD)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder stockholder of the Issuer Issuer, any Guarantor or any of its Subsidiaries or Affiliatesthe Trustee, as such (other than the Issuer and the Guarantors)such, shall will have any liability for any obligations of the Issuer or the Guarantors any Guarantor under the Notes, the Indenture, the Note Documents Guarantees, the Collateral Documents, the Intercreditor Agreement 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 2 contracts

Samples: Indenture (Sappi LTD), Indenture (Sappi LTD)

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No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer or any of its Subsidiaries or Affiliates, solely in their capacities as such (other than the Issuer and the Guarantors), shall have any liability for any obligations of the Issuer or the Guarantors under the Note Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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 (Greatbatch, Inc.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer or any of its Subsidiaries or Affiliates, as such (other than the Issuer and the GuarantorsIssuer), shall have any liability for any obligations of the Issuer or any Guarantor under this Indenture or the Guarantors under the Note Documents Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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 (OLIN Corp)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer Company or any of its Subsidiaries or AffiliatesGuarantor, as such (other than the Issuer and the Guarantors)such, shall have any liability for any obligations of the Issuer Company or the Guarantors such Guarantor under the Note Documents Notes, the Subsidiary Guarantees, the Registration Rights Agreement, this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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 (Scotts Company)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, manager, partner, incorporator or shareholder of the Issuer Issuer, the Company or any other Guarantor or any of its their respective Subsidiaries or Affiliates, as such (other than the Issuer and the Guarantors)such, shall have any liability for any obligations of the Issuer Issuer, the Company or the Guarantors under the Note Documents Documents, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder 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 (Encore Capital Group Inc)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, managerincorporator, partnermember, incorporator partner or shareholder stockholder of the Issuer Company or any of its Subsidiaries or AffiliatesGuarantor, as such (other than the Issuer and the Guarantors)such, shall have any liability for any obligations of the Issuer Company or the Guarantors under the Securities, this Indenture, the Subsidiary Guarantees or the Note Documents or for any claim based on, in respect of, of or by reason of, of such obligations or their creation. Each Holder by By accepting a Note Security, each Holder waives and releases all such liability. The waiver and release are shall be part of the consideration for issuance the issue of the NotesSecurities.

Appears in 1 contract

Samples: Indenture (Halcon Resources Corp)

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