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), 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 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 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.)

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

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.

Appears in 2 contracts

Samples: Indenture (Post Holdings, Inc.), Indenture (Post Holdings, Inc.)

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