No Personal Liability of Directors, Officers, Employees and Shareholders. None of the Company’s past, present or future directors, officers, employees, or shareholders or any of their direct or indirect equity holders shall have any liability for any of the Company’s obligations under the Securities or the Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting the Securities waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.
Appears in 6 contracts
Samples: Global Security Agreement (Fiat Chrysler Automobiles N.V.), Global Security Agreement (Fiat Chrysler Automobiles N.V.), Indenture (Fiat Chrysler Automobiles N.V.)
No Personal Liability of Directors, Officers, Employees and Shareholders. None No director, officer, employee, incorporator, or shareholder of the Company’s pastCompany or its Subsidiaries, present or future directorsas such, officers, employees, or shareholders or any of their direct or indirect equity holders shall have any liability for any obligations of the Company’s obligations Company under the Securities or the this Indenture or for any claim based on, in respect of, or by reason of such of, those obligations or their creation. Each Holder of Securities, by accepting the Securities a Security, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.
Appears in 2 contracts
Samples: Indenture (Texas Unwired), Indenture (Texas Unwired)
No Personal Liability of Directors, Officers, Employees and Shareholders. None No director, officer, employee, incorporator, or shareholder of the Company’s pastCompany or its Subsidiaries, present or future directorsas such, officers, employees, or shareholders or any of their direct or indirect equity holders shall have any liability for any obligations of the Company’s obligations Company under the Securities Securities, the Guarantees, this Indenture or the Indenture Collateral Documents or for any claim based on, in respect of, or by reason of such of, those obligations or their creation. Each Holder of Securities, by accepting the Securities a Security, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.
Appears in 1 contract
Samples: Indenture (Rural Cellular Corp)
No Personal Liability of Directors, Officers, Employees and Shareholders. None of the Company’s No past, present or future directorsdirector, officersofficer, employeesemployee, incorporator, shareholder, member, manager or shareholders or any partner of their direct or indirect equity holders shall the Company, as such, will have any liability for any obligations of the Company’s obligations Company under the Securities Securities, or the Indenture this Indenture, or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Holder of Securities by accepting the Securities a Security waives and releases all such liability. The Such waiver and release are part of the consideration for issuance of the Securities.
Appears in 1 contract
Samples: Indenture (TechnipFMC PLC)