Common use of No Personal Liability of Directors, Officers, Employees, Incorporators or Stockholders Clause in Contracts

No Personal Liability of Directors, Officers, Employees, Incorporators or Stockholders. No director, officer, employee, incorporator or shareholder of the Borrower, or any of its Subsidiaries, as such, shall have any liability for any obligations of the Borrower or any of its Subsidiaries with respect to the Loans, this Agreement or the Guarantees hereof, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Lender by making a Loan hereunder waives and releases all such liability. The waiver and release are part of the consideration for the Borrower’s entry into this Agreement and its borrowing of Loans hereunder.

No Personal Liability of Directors, Officers, Employees, Incorporators or Stockholders. No director, officer, employee, incorporator or shareholder of the Borrower, or any of its Subsidiaries, as such, shall have any liability for any obligations of the Borrower or any of its Subsidiaries with respect to the Loans, this Agreement or the Guarantees hereof, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Lender by making a Loan hereunder waives and releases all such liability. The waiver and release are part of the consideration for the Borrower’s entry into this Agreement and its borrowing of Loans hereunder.

No Personal Liability of Directors, Officers, Employees, Incorporators or Stockholders. No director, officer, employee, incorporator or shareholder of the Borrower, or any of its Subsidiaries, as such, shall have any liability for any obligations of the Borrower or any of its Subsidiaries with respect to the LoansLoan, this Agreement or the Guarantees hereof, or for any claim based on, in respect of, or by reason of, such obligations obligation or their creation. Each Lender by making a Loan hereunder waives and releases all such liability. The waiver and release are part of the consideration for the Borrower’s entry into this Agreement and its borrowing of Loans the Loan hereunder.

No Personal Liability of Directors, Officers, Employees, Incorporators or Stockholders. No director, officer, employee, incorporator or shareholder of the Borrower, or any of its Subsidiaries, as such, shall have any liability for any obligations of the Borrower or any of its Subsidiaries with respect to the LoansLoan, this Agreement or the Guarantees hereof, or for any claim based on, in respect of, or by reason of, such obligations obligation or their creation. Each Lender by making a Loan hereunder waives and releases all such liability. The waiver and release are part of the consideration for the Borrower’s entry into this Agreement and its borrowing of Loans the Loan hereunder.