Common use of NO PERSONAL LIABILITY OF DIRECTORS Clause in Contracts

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, PARTNERS, EMPLOYEES, INCORPORATORS, STOCKHOLDERS AND MEMBERS. No past, present or future director, officer, partner, employee, incorporator, stockholder or member of either of the Issuers, the General Partner or any Subsidiary Guarantor, as such, shall have any liability for any Obligations of either of the Issuers or any Subsidiary Guarantor under the Notes, this Indenture or the Guarantees 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 (El Paso Energy Partners Deepwater LLC)

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NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, PARTNERSOWNERS, EMPLOYEES, INCORPORATORS, STOCKHOLDERS INCORPORATORS AND MEMBERSSTOCKHOLDERS. No pastdirector, present or future directorowner, officer, partner, employee, incorporator, incorporator or stockholder or member of either of the IssuersIssuer, the General Partner Guarantors or any Subsidiary Guarantorof their Affiliates, as such, shall have any liability for any Obligations of either obligations of the Issuers Issuer, the Guarantors or any Subsidiary Guarantor of their Affiliates under the Notes, this the Guarantees, the Indenture or the Guarantees this Second Supplemental Indenture or for any claim based on, in respect of, or by reason of, such Obligations 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 (Live Nation Entertainment, Inc.)

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, PARTNERS, EMPLOYEES, INCORPORATORS, STOCKHOLDERS EMPLOYEES AND MEMBERSSTOCKHOLDERS. No past, present or future director, officer, partner, employee, incorporator, incorporator or stockholder or member of either of the IssuersCompany, the General Partner any Mirror Note Issuer or any Subsidiary Guarantor, as such, shall will have any liability for any Obligations of either obligations of the Issuers Company, any Mirror Note Issuer or any Subsidiary Guarantor under the Notes, this Indenture Indenture, the Mirror Notes, the Mirror Note Guarantees, the Subsidiary Guarantees or the Guarantees Mirror Note Pledge Agreements, or for any claim based on, in respect of, or by reason of, such Obligations 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: First Supplemental Indenture (Paramount Resources LTD)

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NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, PARTNERSOWNERS, EMPLOYEES, INCORPORATORS, STOCKHOLDERS INCORPORATORS AND MEMBERSSTOCKHOLDERS. No pastdirector, present or future directorowner, officer, partner, employee, incorporator, incorporator or stockholder or member of either of the IssuersIssuer, the General Partner Guarantors or any Subsidiary Guarantorof their Affiliates, as such, shall have any liability for any Obligations of either obligations of the Issuers Issuer, the Guarantors or any Subsidiary Guarantor of their Affiliates under the Notes, this the Guarantees, the Indenture or the Guarantees this Fourth Supplemental Indenture or for any claim based on, in respect of, or by reason of, such Obligations 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: Supplemental Indenture (Vector Group LTD)

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