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, shareholder or 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, 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.

Appears in 5 contracts

Samples: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.), 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 or shareholder or stockholder of the Issuer or any Guarantor, as such, shall will have any liability for any obligations of the Issuer or the Guarantors under the Notes, Notes or this Indenture and the Note Guarantees or of any Guarantor under its Guarantee 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 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 and the Guarantees.

Appears in 4 contracts

Samples: Indenture (M/I Homes, Inc.), Indenture (M I Homes Inc), Indenture (M I Homes Inc)

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

Appears in 4 contracts

Samples: Indenture (Aircastle LTD), Indenture (Aircastle LTD), Indenture (Aircastle LTD)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator, incorporator or shareholder or stockholder of the Issuer or any Guarantorof its Subsidiaries or Affiliates, as suchsuch (other than the Issuer and the Guarantors), shall have any liability for any obligations of the Issuer or the Guarantors under the Notes, this Indenture and the Note Guarantees Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each holder of Notes 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: Supplemental Indenture (Community Health Systems Inc), Indenture (Quorum Health Corp), Indenture (Community Health Systems Inc)

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

Appears in 3 contracts

Samples: Indenture (Aircastle LTD), Indenture (Aircastle LTD), Indenture (Aircastle LTD)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator, incorporator or shareholder or 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, Notes or 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.

Appears in 3 contracts

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

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator, member, partner or shareholder or stockholder of the Issuer or any Guarantor, as such, Guarantor shall have any liability for any obligations of the Issuer or the Guarantors under the Notes, this Indenture and the Note Guarantees or this Indenture or for any claim based on, in respect of, or by reason of, of such obligations or their creation. Each holder of Notes 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 (Sibanye Stillwater LTD), Indenture (Sibanye Gold LTD)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator, shareholder incorporator or stockholder of the Issuer Company or any Guarantor, as suchin that capacity, shall will have any liability for any obligations of the Issuer Company or the Guarantors under the Notes, the Subsidiary Guarantees, 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 Holder by accepting a Note waives and releases all such liability. This waiver and release are part of the consideration for issuance of the Notes.

Appears in 2 contracts

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

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No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator, shareholder or 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, 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 Holder by accepting a Note waives and releases all such liability.

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, shareholder or stockholder partner of the Issuer or any GuarantorCompany, as such, shall have any liability for any obligations of the Issuer or the Guarantors Company’s obligations under the Notes, Notes or this Indenture and the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation, except as expressly provided in this Indenture or any supplemental indenture hereto. Each holder Holder of Notes by accepting a Note waives and releases all such liability, as part of the consideration for issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Tower Group, Inc.)

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

Appears in 1 contract

Samples: Indenture (Aircastle LTD)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator, shareholder or 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, 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.

Appears in 1 contract

Samples: Indenture (Norwegian Cruise Line Holdings Ltd.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator, shareholder or stockholder of the Issuer or any GuarantorIssuer, as such, shall have any liability for any obligations of the Issuer or the Guarantors under the Notes, Notes and 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.

Appears in 1 contract

Samples: Indenture (Norwegian Cruise Line Holdings Ltd.)

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