No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS No past, present or future director, officer, employee, incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or such Subsidiary Guarantor under the Notes, the Subsidiary Guarantees or this Indenture 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.
Appears in 2 contracts
Samples: Indenture (Newcor Inc), Indenture (Golden Northwest Aluminum Holding Co)
No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS SHAREHOLDERS. No past, present or future director, officer, employee, incorporator incorporator, member, partner or stockholder shareholder or other owner of Capital Stock of the Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or such Subsidiary any Guarantor under the Notes, the Subsidiary Guarantees or Guarantees, this Indenture 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.
Appears in 2 contracts
Samples: Indenture (Hornbeck Offshore Services Inc /La), Indenture (Hornbeck Offshore Services Inc /De/)
No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or such Subsidiary Guarantor under the Additional Notes, the Subsidiary Guarantees Guarantees, this Supplemental Indenture, or this the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a an Additional Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Additional Notes.
Appears in 2 contracts
Samples: Second Supplemental Indenture (Asbury Automotive Group Inc), Supplemental Indenture (Asbury Automotive Group Inc)
No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS Employees, Incorporators and Stockholders. No past, present or future director, officer, employee, incorporator incorporator, shareholder or stockholder other holder of Equity Interests of the Company or any the Subsidiary GuarantorGuarantors, as such, shall have any liability for any obligations of the Company or such the Subsidiary Guarantor Guarantors under the Notes, the Subsidiary Guarantees or this Guarantees, the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes.
Appears in 2 contracts
Samples: Indenture (Lyondell Chemical Nederland LTD), Indenture (Lyondell Chemical Co)
No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS SHAREHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder shareholder of the Company or any Subsidiary Guarantor, as such, shall will have any liability for any obligations of the Company or such Subsidiary Guarantor the Guarantors under the Notes, the Subsidiary Guarantees or this Indenture Indenture, the Note Guarantees, the Collateral Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each 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. The waiver may not be effective to waive liabilities under the federal securities laws.
Appears in 1 contract
No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS Employees and Stockholders No past, present or future director, officer, employee, incorporator or stockholder (direct or indirect) of the Company (or any Subsidiary Guarantorsuch successor entity), as such, shall have any liability for any obligations Obligations of the Company or such Subsidiary Guarantor under the Notes, the Subsidiary Guarantees Notes or this Indenture or for any claim based on, in respect of, or by reason of, such obligations Obligations or their creation, except in their capacity as an obligor of the Notes in accordance with this Indenture. 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.
Appears in 1 contract
Samples: Indenture (Ceridian Corp)
No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS OTHERS. No past, present or future director, officer, employee, incorporator incorporator, partner or stockholder of either of the Company or any Subsidiary Guarantorof its Subsidiaries, as such, shall have any liability for any obligations of the Company or such Subsidiary Guarantor its Subsidiaries under the Notes, the Subsidiary Guarantees or this Indenture or for any claim based on, in respect of, of or by reason of, of such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The This waiver and release are part of the consideration for issuance of the NotesNotes and the Subsidiary Guarantees.
Appears in 1 contract
Samples: Indenture (Highwaymaster Corp)
No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS SHAREHOLDERS; CONSENT TO SHAREHOLDER PAYMENT. No pastmember, present or future director, officer, employee, incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or such Subsidiary any Guarantor under the Notes, the Subsidiary Guarantees Notes or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each 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 1 contract
Samples: Indenture (Merrill Corp)
No Personal Liability of Directors, Officers. EMPLOYEES EMPLOYEES, PARTNERS AND STOCKHOLDERS STOCKHOLDERS. No past, present or future director, officer, employee, partner, incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or such Subsidiary any Guarantor under the Notes, the Subsidiary Guarantees or this Indenture 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.
Appears in 1 contract
Samples: Indenture (Heritage Property Investment Limited Partnership)
No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or such Subsidiary Guarantor under the Notes, the Subsidiary Guarantees or Guarantees, the Indenture, as amended by this Indenture Supplemental Indenture, 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.
Appears in 1 contract
Samples: Eighth Supplemental Indenture (Asbury Automotive Group Inc)