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

No Personal Liability of Directors, Officers, Owners, Etc. No director, officer, employee, incorporator, stockholder, managing member, member, general partner, limited partner, principal or other agent of any of the Parties shall have any liability for any obligations of such Party under this Agreement or for any claim based on, in respect of or by reason of the respective obligations of such Party under this

No Personal Liability of Directors, Officers, Owners, Etc. No director, officer, employee, incorporator, stockholder, managing member, member, general partner, limited partner, principal or other agent of any of the Parties shall have any liability for any obligations of such Party under this Agreement or for any claim based on, in respect of or by reason of the respective obligations of such Party under thisthis Agreement. Each Party hereby waives and releases all such liability. This waiver and release is a material inducement to each Party’s entry into this Agreement.