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

No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, will have any liability for any obligations of the Company under this Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

Appears in 3 contracts

Samples: Indenture (Oscar Health, Inc.), Investment Agreement (Oscar Health, Inc.), Indenture (Stem, Inc.)

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No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERSEmployees and Stockholders. No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the Company, as such, will shall have any liability for any obligations of the Company under this Indenture or the Notes Security Agreement or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

Appears in 3 contracts

Samples: Nwe Cyprus Senior Note Security and Pledge Agreement (PLD Telekom Inc), Nwe Cyprus Senior Note Security and Pledge Agreement (Nwe Capital Cyprus LTD), Company Convertible Note Security and Pledge Agreement (PLD Telekom Inc)

No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS. STOCKHOLDERS No past, present or future director, officer, employee, incorporator or stockholder of the CompanyCompany or the Subsidiary Guarantors, as such, will shall have any liability for any obligations Obligations of the Company or the Subsidiary Guarantors under the Notes, the Subsidiary Guarantees or this Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.such

Appears in 1 contract

Samples: Cke Restaurants Inc

No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS. STOCKHOLDERS No past, present or future director, officer, employee, incorporator or stockholder of the CompanyCompany or any Subsidiary Guarantor, as such, will shall have any liability for any obligations of the Company under this Indenture or the Notes Subsidiary Guarantors under the Securities of any series, any guarantee of securities or for any claim claims based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Aviall Services Inc)

No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS. Employees and Stockholders No past, present or future director, officer, employee, incorporator or incorporator, stockholder of the Company, as such, will have any liability for any obligations of the Company under this the Senior Subordinated Notes, the Senior Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

Appears in 1 contract

Samples: Tokheim Corp

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No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERS. Employees and Stockholders No past, present or future director, officer, employee, incorporator employee or stockholder of the Company, as such, will Company shall have any liability for any obligations of the Company under this Indenture the Securities or the Notes Indenture or for any claim based on, in respect of, or by reason of, of such obligations or their creation. By Each Securityholder by accepting any Note, each Holder a Security waives and releases all such liability. Such The waiver and release are part of the consideration for the issuance of the NotesSecurities.

Appears in 1 contract

Samples: Indenture (Magellan Health Services Inc)

No Personal Liability of Directors, Officers. EMPLOYEES AND STOCKHOLDERSEmployees and Stockholders. No past, present or future director, officer, employee, incorporator or stockholder of the Company - 27 - 28 or of any subsidiary of the Company, as such, will shall have any liability for any obligations of the Company under this Indenture or the Notes Security Agreement or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

Appears in 1 contract

Samples: Company Senior Note Security and Pledge Agreement (PLD Telekom Inc)

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