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

No Personal Liability of Directors, Officers. Employees, Incorporators and Stockholders. No director, officer, employee, incorporator, shareholder or other holder of Equity Interests of the Company or the Subsidiary Guarantors, as such, shall have any liability for any obligations of the Company or the Subsidiary Guarantors under the Notes, the Subsidiary 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: Supplemental Indenture (Lyondell Chemical Nederland LTD), Indenture (Lyondell Chemical Co)

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No Personal Liability of Directors, Officers. Employees, Incorporators and StockholdersEMPLOYEES AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator, shareholder incorporator or other holder of Equity Interests stockholder of the Company or the Subsidiary Guarantorsany Guarantor, as such, shall have any liability for any obligations of the Company or the Subsidiary Guarantors such Guarantor under the Additional Notes, the Subsidiary Guarantees, this Supplemental Indenture, or 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 an Additional Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Additional Notes.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Asbury Automotive Group Inc), Fourth Supplemental Indenture (Asbury Automotive Group Inc)

No Personal Liability of Directors, Officers. EmployeesEMPLOYEES AND STOCKHOLDERS No past, Incorporators and Stockholders. No present or future director, officer, employee, incorporator, shareholder incorporator or other holder of Equity Interests stockholder of the Company or the any Subsidiary GuarantorsGuarantor, as such, shall have any liability for any obligations of the Company or the such Subsidiary Guarantors Guarantor under the Notes, the Subsidiary Guarantees, the Guarantees 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 the issuance of the Notes.

Appears in 2 contracts

Samples: Indenture (Golden Northwest Aluminum Holding Co), Newcor Inc

No Personal Liability of Directors, Officers. Employees, Incorporators and StockholdersEMPLOYEES AND SHAREHOLDERS. No past, present or future director, officer, employee, incorporator, member, partner or shareholder or other holder owner of Equity Interests Capital Stock of the Company or the Subsidiary Guarantorsany Guarantor, as such, shall have any liability for any obligations of the Company or the Subsidiary Guarantors any Guarantor under the Notes, the Subsidiary Guarantees, the 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 the issuance of the Notes.

Appears in 2 contracts

Samples: Indenture (Hornbeck Offshore Services Inc /La), Hornbeck Offshore Services Inc /De/

No Personal Liability of Directors, Officers. Employees, Incorporators and StockholdersEMPLOYEES AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator, shareholder incorporator or other holder of Equity Interests stockholder of the Company or the Subsidiary GuarantorsGuarantor, as such, shall will have any liability for any obligations of the Company or the Subsidiary Guarantors Guarantor under the Notesthis Indenture, the Subsidiary Guarantees, Notes or the Indenture Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each By accepting any Note, each Holder of Notes by accepting a Note waives and releases all such liability. The Such waiver and release are part of the consideration for the issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Spotify Technology S.A.)

No Personal Liability of Directors, Officers. Employees, Incorporators and StockholdersEMPLOYEES AND SHAREHOLDERS; CONSENT TO SHAREHOLDER PAYMENT. No member, director, officer, employee, incorporator, shareholder incorporator or other holder of Equity Interests stockholder of the Company or the Subsidiary Guarantorsany Guarantor, as such, shall have any liability for any obligations of the Company or the Subsidiary Guarantors any Guarantor under the Notes, the Subsidiary Guarantees, the 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 the issuance of the Notes.

Appears in 1 contract

Samples: Merrill Corp

No Personal Liability of Directors, Officers. Employees, Incorporators and StockholdersEMPLOYEES AND OTHERS. No past, present or future director, officer, employee, incorporator, shareholder partner or other holder stockholder of Equity Interests either of the Company or the Subsidiary Guarantorsany of its Subsidiaries, as such, shall have any liability for any obligations of the Company or the Subsidiary Guarantors its Subsidiaries under the Notes, the Subsidiary Guarantees, the 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 of Notes by accepting a Note waives and releases all such liability. The This waiver and release are part of the consideration for the issuance of the NotesNotes and the Subsidiary Guarantees.

Appears in 1 contract

Samples: Highwaymaster Corp

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No Personal Liability of Directors, Officers. EmployeesEmployees and Stockholders No past, Incorporators and Stockholders. No present or future director, officer, employee, incorporator, shareholder incorporator or other holder of Equity Interests stockholder (direct or indirect) of the Company (or the Subsidiary Guarantorsany such successor entity), as such, shall have any liability for any obligations Obligations of the Company or the Subsidiary Guarantors under the Notes, the Subsidiary Guarantees, the 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 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 1 contract

Samples: Indenture (Ceridian Corp)

No Personal Liability of Directors, Officers. Employees, Incorporators and StockholdersEMPLOYEES AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator, shareholder incorporator or other holder of Equity Interests stockholder of the Company or the Subsidiary Guarantorsany Guarantor, as such, shall have any liability for any obligations of the Company or the Subsidiary Guarantors such Guarantor under the Notes, the Subsidiary Guarantees, the Indenture Indenture, as amended by this Supplemental 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 1 contract

Samples: Eighth Supplemental Indenture (Asbury Automotive Group Inc)

No Personal Liability of Directors, Officers. Employees, Incorporators and StockholdersEMPLOYEES AND SHAREHOLDERS. No past, present or future director, officer, employee, incorporator, incorporator or shareholder or other holder of Equity Interests of the Company or the Subsidiary Guarantorsany Guarantor, as such, shall will have any liability for any obligations of the Company or the Subsidiary Guarantors under the Notes, the Subsidiary Indenture, the Note Guarantees, the Indenture 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 the issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws.

Appears in 1 contract

Samples: First Supplemental Indenture (Global Crossing LTD)

No Personal Liability of Directors, Officers. EmployeesEMPLOYEES, Incorporators and StockholdersPARTNERS AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporatorpartner, shareholder incorporator or other holder of Equity Interests stockholder of the Company or the Subsidiary Guarantorsany Guarantor, as such, shall have any liability for any obligations of the Company or the Subsidiary Guarantors any Guarantor under the Notes, the Subsidiary Guarantees, the Guarantees 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 the issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Heritage Property Investment Limited Partnership)

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