Common use of NO PERSONAL LIABILITY OF DIRECTORS Clause in Contracts

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND STOCKHOLDERS OF THE NEW GUARANTOR. No director, officer, employee, incorporator or stockholder of the New Guarantor, as such, shall have any liability for any obligations of the Company, the New Guarantor or any guarantor under any series of Guaranteed Notes, any guarantees under any series of Guaranteed Notes, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Guaranteed Notes by accepting a Guaranteed Note waives and releases all such liability.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND STOCKHOLDERS OF THE NEW GUARANTORGUARANTORS. No director, officer, employee, incorporator or stockholder of any of the New GuarantorGuarantors, as such, shall have any liability for any obligations of the Company, the New Guarantor Guarantors or any guarantor under any series of Guaranteed Notes, any guarantees under any series of Guaranteed Notes, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Guaranteed Notes by accepting a Guaranteed Note waives and releases all such liability.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND STOCKHOLDERS OF THE NEW PARENT GUARANTOR. No director, officer, employee, incorporator or stockholder of the New Parent Guarantor, as such, shall have any liability for any obligations of the Company, the New Parent Guarantor or any guarantor under any series of Guaranteed Notes, any guarantees under any series of Guaranteed Notes, the Indenture Indenture, the Resolutions or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Guaranteed Notes by accepting a Guaranteed Note waives and releases all such liability.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND STOCKHOLDERS OF THE NEW GUARANTORGUARANTORS. No director, officer, employee, incorporator or stockholder of any of the New GuarantorGuarantors, as such, shall have any liability for any obligations of the Company, the New Guarantor Guarantors or any guarantor under any series of Guaranteed Notes, any guarantees under any series of Guaranteed Notes, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Guaranteed Notes by accepting a Guaranteed Note waives and releases all such liability.