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 of its Affiliates, as such, shall have any liability for any obligations of the Company, and any of its Affiliates 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 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. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such waiver is against public policy.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES, INCORPORATORS MEMBERS AND STOCKHOLDERS. No director, officer, employee, incorporator incorporator, member or stockholder of the Company, or any of its AffiliatesIssuers, as such, shall have any liability for any obligations of the Company, and any of its Affiliates Issuers under the Notes, the Indenture or this Indenture the Subsidiary 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 are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC Commission that such a waiver is against public policy.

NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES, INCORPORATORS INCORPORATOR, MANAGER AND STOCKHOLDERSSHAREHOLDERS. No director, officer, employee, incorporator incorporator, manager or stockholder shareholder of the Company, Company or any of its Affiliates, as such, shall have any liability for any obligations of the Company, and any of its Affiliates Company under the Notes, Securities or 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 Securities by accepting a Note Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the NotesSecurities. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC Commission that such a waiver is against public policy.