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

No Personal Liability of Directors, Officers. Employees and Stockholders No director, officer, employee or stockholder of the Company shall have any liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Noteholder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 3 contracts

Samples: Magellan Health Services Inc, Magellan Health Services Inc, Magellan Health Services Inc

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No Personal Liability of Directors, Officers. Employees and Employees, -------------------------------------------------------- Stockholders or Incorporators. No director, officer, employee employee, incorporator or ----------------------------- stockholder of the Company shall have any liability for any obligations of the Company under the Notes or the this Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Noteholder Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 3 contracts

Samples: Indenture (Cybernet Internet Services International Inc), Indenture (Cybernet Internet Services International Inc), Cybernet Internet Services International Inc

No Personal Liability of Directors, Officers. Employees and Stockholders EMPLOYEES AND STOCKHOLDERS No past, present or future director, officer, employee employee, incorporator or stockholder of the Company Company, as such, shall have any liability for any obligations Obligations of the Company under the Notes or the Notes, this Indenture or for any claim based on, in respect of, or by reason of of, such obligations Obligations or their creation. Each Noteholder 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.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement (RBX Corp), RBX Corp

No Personal Liability of Directors, Officers. Employees and Employees, Stockholders or Incorporators. No director, officer, employee employee, incorporator or stockholder of the Company shall have any liability for any obligations of the Company under the Notes or the this Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Noteholder Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 2 contracts

Samples: Indenture (Versatel Telecom International N V), Versatel Telecom International N V

No Personal Liability of Directors, Officers. Employees Employees, Incorporator and Stockholders Stockholders. No director, officer, employee employee, incorporator or stockholder of the Company or any of its Subsidiaries, as such, shall have any liability for any obligations of the Company or any of its Subsidiaries under the Notes or the this Indenture or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Noteholder Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 2 contracts

Samples: Trinity Marine Products, Inc., Trinity Industries Inc

No Personal Liability of Directors, Officers. Employees and Stockholders EMPLOYEES AND STOCKHOLDERS No director, officer, employee employee, incorporator or stockholder of the Company or any Guarantor shall have any liability for any obligations of the Company or the Guarantors under the Notes Notes, the Guarantees, if any, or the this Indenture or for any a claim based on, in respect of, or by reason of such obligations or their creation. Each Noteholder Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 1 contract

Samples: High Voltage Engineering Corp

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No Personal Liability of Directors, Officers. Employees and Stockholders No past, present or future director, officer, employee employee, incorporator or stockholder of the Company Company, as such, shall have any liability for any obligations Obligations of the Company under the Notes or the Notes, this Indenture or for any claim based on, in respect of, or by reason of of, such obligations Obligations or their creation. Each Noteholder 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.

Appears in 1 contract

Samples: Indenture (RBX Corp)

No Personal Liability of Directors, Officers. Employees Employees, Incorporators and Stockholders No director, officer, employee employee, incorporator or stockholder of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or such Guarantor under the Notes or the this Indenture or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Noteholder Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are shall be part of the consideration for the issuance of the Notes.

Appears in 1 contract

Samples: Sbarro Inc

No Personal Liability of Directors, Officers. Employees and And Stockholders No past, present or future director, officer, employee employee, incorporator or stockholder of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or such Guarantor under the Notes or Notes, the Note Guarantees, this Indenture or for any claim based on, in respect of, or by reason of of, such obligations or their creation. Each Noteholder 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.

Appears in 1 contract

Samples: Sealy Corp

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