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, incorporator, member, partner or shareholder or other owner of Capital Stock of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Subsidiary Guarantees, 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 11 contracts

Samples: Indenture (CGG), Supplemental Indenture (CGG Marine B.V.), Indenture (CGG Marine B.V.)

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No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner or shareholder or other owner of Capital Stock of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Subsidiary Note Guarantees, 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 4 contracts

Samples: Indenture (CGG), Indenture (CGG Marine B.V.), Indenture (CGG Marine B.V.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner incorporator or shareholder or other owner of Capital Stock of the Company or any Guarantor, as such, shall will have any liability for any obligations of the Company or any Guarantor the Guarantors under the Notes, the Subsidiary Indenture, the Note Guarantees, this Indenture the Collateral 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 the federal securities laws.

Appears in 3 contracts

Samples: Indenture (Global Crossing LTD), Supplemental Indenture (Global Crossing LTD), Supplemental Indenture (Global Crossing Servicios, S. De R.L. De C.V.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner incorporator or shareholder or other owner of Capital Stock stockholder of the Company or any Guarantor, as suchin that capacity, shall will have any liability for any obligations of the Company or any Guarantor the Guarantors under the Notes, the Subsidiary Guarantees, 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 This waiver and release are part of the consideration for issuance of the Notes.

Appears in 2 contracts

Samples: Indenture (Advance Paradigm Inc), Advancepcs Research LLC

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner partner, trustee, beneficiary or shareholder or other owner of Capital Stock of the Company Issuer, any Guarantor or any Guarantorof their Affiliates, as such, shall will have any liability for any obligations of the Company Issuer or any Guarantor under the Notes, this Indenture, or the Subsidiary Note Guarantees, 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 2 contracts

Samples: Indenture (GFL Environmental Holdings Inc.), Indenture (GFL Environmental Holdings Inc.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner incorporator or shareholder or other owner of Capital Stock stockholder of the Company Issuer, any Guarantor or any Guarantorthe Trustee, as such, shall will have any liability for any obligations of the Company Issuer or any Guarantor under the Notes, this Indenture, the Subsidiary Note Guarantees, this Indenture 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. The waiver may not be effective to waive liabilities under the federal securities laws.

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, incorporator, member, partner incorporator or shareholder or other owner of Capital Stock of the Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or any such Subsidiary Guarantor under the Notes, this Indenture or the Subsidiary Guarantees, this Indenture as the case may be, 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 NotesNotes and the Subsidiary Guarantees.

Appears in 2 contracts

Samples: Indenture (Taylor Companies Inc), Dawson Production Services Inc

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner stockholder or shareholder or other owner of Capital Stock member of the Company Issuers or any Guarantor, as such, shall Guarantor or any of their direct or indirect parent companies will have any liability for any obligations Obligations of the Company Issuers or any Guarantor the Guarantors under the Notes, the Subsidiary Guarantees, this Indenture or any Pledge Agreement or for any claim based on, in respect of, or by reason of, of such obligations Obligations or their creationcreation to the extent permitted by Applicable Law. 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 (Vrio Corp.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporatormanager, member, partner or employee, agent, partner, incorporator shareholder or other owner of Capital Stock unitholder of the Company or any Guarantor, as such, shall will have any liability for any obligations of the Company or any Guarantor the Guarantors under the Notes, this Indenture, the Subsidiary Guarantees, this Indenture 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.. 100

Appears in 1 contract

Samples: Supplemental Indenture (Post Holdings, Inc.)

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No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner incorporator or shareholder or other owner of Capital Stock of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any such Guarantor under the 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: Scotts Company

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner or shareholder or other owner of Capital Stock of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Parent Guarantee, the Subsidiary Guarantees, 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: Tri Union Development Corp

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporatormanager, member, partner or employee, agent, partner, incorporator shareholder or other owner of Capital Stock unitholder of the Company or any Guarantor, as such, shall will have any liability for any obligations of the Company or any Guarantor the Guarantors under the Notes, this Indenture, the Subsidiary Guarantees, this Indenture 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.. 105

Appears in 1 contract

Samples: Post Holdings, Inc.

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner incorporator or shareholder or other owner of Capital Stock stockholder of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any such Guarantor under the Notes, the Subsidiary Guarantees, 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: Southridge Plaza Holdings Inc

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner stockholder or shareholder or other owner of Capital Stock member of the Company Issuers or any Guarantor, as such, shall Guarantor or any of their direct or indirect parent companies will have any liability for any obligations Obligations of the Company Issuers or any Guarantor the Guarantors under the Notes, the Subsidiary Guarantees, this the Indenture or any Pledge Agreement or for any claim based on, in respect of, or by reason of, of such obligations Obligations or their creationcreation to the extent permitted by Applicable Law. 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 (Vrio Corp.)

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