Common use of No Personal Liability of Directors, Owners, Employees, Incorporators and Stockholders Clause in Contracts

No Personal Liability of Directors, Owners, Employees, Incorporators and Stockholders. No director, owner, officer, employee, incorporator or stockholder of the Issuer, the Guarantors or any of their Affiliates, as such, shall have any liability for any obligations of the Issuer, the Guarantors or any of their Affiliates under this Note, the Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each 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: Contingent Value Rights Agreement (Akumin Inc.), Supplemental Indenture (Akumin Inc.), Akumin Inc.

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No Personal Liability of Directors, Owners, Employees, Incorporators and Stockholders. No director, owner, officer, employee, incorporator or stockholder of the Issuer, the Guarantors or any of their Affiliates, as such, shall have any liability for any obligations of the Issuer, the Guarantors or any of their Affiliates under this Notethe Notes, the Guarantees Guarantees, the Indenture or the this Second Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each 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 New Notes.

Appears in 1 contract

Samples: Second Supplemental Indenture (Vector Group LTD)

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No Personal Liability of Directors, Owners, Employees, Incorporators and Stockholders. No director, owner, officer, employee, incorporator incorporator, limited partner or stockholder of the Issuer, the Guarantors any Issuer or any of their its Affiliates, as such, shall have any liability for any obligations of the Issuer, the Guarantors any Issuer or any of their its Affiliates under this Notethe Notes, the Guarantees or the this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each 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: Indenture (Cedar Fair L P)

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