Common use of NO PERSONAL LIABILITY OF DIRECTORS Clause in Contracts

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES OR STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, shall have any liability for any obligations of the Company under the Securities, this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES OR AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the CompanyCompany or any Subsidiary Guarantor, as such, shall have any liability for any obligations of the Company or the Subsidiary Guarantors under the SecuritiesSecurities of any series, this Indenture any guarantee of securities or for any claim claims based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES OR AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, shall have any liability for any obligations of the Company under the Securities, this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES OR EMPLOYEES, INCORPORATORS AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, shall will have any liability for any obligations of the Company under the Securities, this Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each By accepting any Note, each Holder by accepting a Security waives and releases all such liability. The Such waiver and release are part of the consideration for the issuance of the SecuritiesNotes.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES OR EMPLOYEES, INCORPORATORS AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company, as such, shall have any liability for any obligations of the Company under the Securities, Notes or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creationobligations. Each Holder by accepting a Security Note waives and releases all such liability. The Such waiver and release are form a part of the consideration for issuance of the SecuritiesNotes.