Common use of NO PERSONAL LIABILITY OF DIRECTORS Clause in Contracts

NO PERSONAL LIABILITY OF DIRECTORS. Officers, Employees, Incorporators and Stockholders No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or such Guarantor under 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 shall be part of the consideration for the issuance of the Notes.

NO PERSONAL LIABILITY OF DIRECTORS. OfficersOFFICERS, EmployeesEMPLOYEES, Incorporators and Stockholders INCORPORATORS OR STOCKHOLDERS. No director, officer, employee, incorporator or stockholder of the Company or any GuarantorCompany, as such, shall have any liability for any obligations of the Company or such Guarantor under the Notes Notes. The Security Documents or this Indenture or for any claim based on, in respect of, or by reason of, 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 shall be are part of the consideration for the issuance of the Notes.

NO PERSONAL LIABILITY OF DIRECTORS. OfficersOFFICERS, Employees, Incorporators and Stockholders EMPLOYERS AND STOCKHOLDERS. No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or such Guarantor under the Notes or Notes, this Indenture Indenture, the Guarantees 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 shall be are part of the consideration for the issuance of the Notes.

NO PERSONAL LIABILITY OF DIRECTORS. Officers, Employees, Incorporators and Stockholders Shareholders No director, officer, employee, incorporator incorporator, or stockholder shareholder of the Company or any Guarantorits Subsidiaries, as such, shall have any liability for any obligations of the Company or such Guarantor under the Notes Securities or this Indenture or for any claim based on, in respect of, or by reason of, such those obligations or their creation. Each Holder of Notes Securities, by accepting a Note Security, waives and releases all such liability. The waiver and release shall be are part of the consideration for the issuance of the NotesSecurities.

NO PERSONAL LIABILITY OF DIRECTORS. Officers, Employees, Incorporators Employees and Stockholders No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or such Guarantor the Guarantors under the Notes or Senior Notes, this Indenture Indenture, the Guarantees 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 Senior Note waives and releases all such liability. The waiver and release shall be are part of the consideration for the issuance of the Senior Notes.

NO PERSONAL LIABILITY OF DIRECTORS. Officers, Employees, Incorporators Members, Partners and Stockholders Shareholders. No director, officer, employee, incorporator stockholder, general or stockholder limited partner or incorporator, past, present or future, of the Company or any Guarantorof its Subsidiaries, as suchsuch or in such capacity, shall have any personal liability for any obligations of the Company or such Guarantor under the Notes Notes, any Note Guarantee, this Indenture, the Collateral Documents, the Intercreditor Agreement, the First Priority Credit Documents or this Indenture or for any claim based onother documents governing First Priority Obligations, 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 shall be part of the consideration for the issuance of the Notes.or