Common use of No Personal Liability of Directors, Officers, Employees and Unitholders Clause in Contracts

No Personal Liability of Directors, Officers, Employees and Unitholders. No past, present or future director, officer, partner, member, employee, incorporator, manager or unitholder or other owner of any equity interest of the Issuers, the General Partner or any Subsidiary Guarantor, as such, will have any liability for any obligations of the Issuers or the Subsidiary Guarantors under the Debt Securities, this Indenture, the Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Debt Securities by accepting a Debt Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Debt Securities and the Guarantees.

No Personal Liability of Directors, Officers, Employees and Unitholders. No past, present or future director, officer, partner, member, employee, incorporator, manager or unitholder or other owner of any equity interest of the Issuers, the General Partner or any Subsidiary Guarantor, as such, will have any liability for any obligations of the Issuers or the Subsidiary Guarantors under the Debt Securities, this Indenture, the Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Debt Securities by accepting a Debt Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Debt Securities and the Guarantees. The waiver may not be effective to waive liabilities under the federal securities laws.