Common use of No Personal Liability of Directors, Officers, etc Clause in Contracts

No Personal Liability of Directors, Officers, etc. No director, officer, employee, partner, member, manager, incorporator or stockholder of the Issuer or any of its Subsidiaries, as such, shall have any liability for any obligations of the Issuer under the Notes, this Indenture or the Security Documents 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.