Common use of No Personal Liability of Incorporators, Stockholders, Officers, Directors, or Employees Clause in Contracts

No Personal Liability of Incorporators, Stockholders, Officers, Directors, or Employees. No recourse for the payment of the principal of, premium, if any, or interest on any of the Notes issued under the Indenture or for any claim based on the Indenture or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Issuer or any Guarantor in the Indenture, or in any of the Notes or the Note Guarantees or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer, director, employee or controlling person of the Issuer, any Guarantor or of any successor Person thereof. Each Holder, by accepting the Notes, waives and releases all such liability.

Appears in 8 contracts

Samples: Indenture (Kansas City Southern), Indenture (Kansas City Southern), Note Purchase Agreement (Trans-Serve, Inc.)

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No Personal Liability of Incorporators, Stockholders, Officers, Directors, or Employees. No recourse for the payment of the principal of, premium, if any, or interest on any of the Notes issued under the Indenture or for any claim based on the Indenture thereon or otherwise in respect hereofthereof, and no recourse under or upon any obligation, covenant or agreement of the Issuer Company or any Subsidiary Guarantor in the this Indenture, or in any of the Notes or the Note Subsidiary Guarantees or because of the creation of any indebtedness Indebtedness represented thereby, shall be had against any incorporator, stockholder, officer, director, employee or controlling person of the Issuer, Company or any Subsidiary Guarantor or of any successor Person thereof. Each Holder, by accepting the Notes, waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes and the Subsidiary Guarantees.

Appears in 3 contracts

Samples: Indenture (Bright Scholar Education Holdings LTD), Indenture (eHi Car Services LTD), Indenture (eHi Car Services LTD)

No Personal Liability of Incorporators, Stockholders, Officers, Directors, or Employees. No recourse for the payment of the principal of, premium, if any, or interest on any of the Notes issued under the this Indenture or for any claim based on the this Indenture or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Issuer or any Guarantor in the this Indenture, or in any of the Notes or the Note Guarantees or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer, director, employee or controlling person of the Issuer, any Guarantor or of any successor Person thereof. Each Holder, by accepting the Notes, waives and releases all such liability.

Appears in 2 contracts

Samples: Indenture (Kansas City Southern), Indenture (Kansas City Southern)

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No Personal Liability of Incorporators, Stockholders, Officers, Directors, or Employees. No recourse for the payment of the principal of, premium, if any, or interest on any of the Notes Securities of any series issued under the this Indenture or for any claim based on the this Indenture or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Issuer Company or any Guarantor in the this Indenture, or in the Securities of any of the Notes series or the Note Guarantees or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer, director, employee or controlling person of the IssuerCompany, any Guarantor or of any successor Person thereof. Each Holder, by accepting the NotesSecurities, waives and releases all such liability.

Appears in 1 contract

Samples: Indenture (KCS Holdings I, Inc.)

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