Common use of No Personal Liability of Directors, Officers, Employees and Shareholders Clause in Contracts

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder of the Company, as such, shall have any liability for any obligations of the Company under the Securities, the 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 the issuance of the Securities. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy.

Appears in 8 contracts

Samples: Supplemental Indenture (Tenet Healthcare Corp), Supplemental Indenture (Tenet Healthcare Corp), Supplemental Indenture (Tenet Healthcare Corp)

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No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder of the Company, as such, shall have any liability for any obligations of the Company under the Securities, the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Securities by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy.

Appears in 8 contracts

Samples: Supplemental Indenture (Tenet Healthcare Corp), Supplemental Indenture (Tenet Healthcare Corp), Supplemental Indenture (Tenet Healthcare Corp)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder of the Company, as such, shall have any liability for any obligations of the Company under the Securities, the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Securities by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy.

Appears in 7 contracts

Samples: Indenture (Tenet Healthcare Corp), Indenture (Tenet Healthcare Corp), Indenture (Tenet Healthcare Corp)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator incorporator, shareholder or shareholder Affiliate of the CompanyOwner Lessor, as such, shall have any liability for any obligations of the Company Owner Lessor under the SecuritiesLessor Notes, the this Lease Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder Noteholder of Securities Lessor Notes by accepting a Security Lessor Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesLessor Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy.

Appears in 4 contracts

Samples: Trust and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust and Security Agreement (Eme Homer City Generation Lp)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder of the CompanyCompany or any of its Subsidiaries or Affiliates, as such, shall have any liability for any obligations of the Company either Issuers or any Guarantor under the Securities, the Indenture Notes Documents 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 Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesNotes. Such waiver may not be effective to waive liabilities under the U.S. federal securities laws and it is the view of the Commission SEC that such a waiver is against public policy.

Appears in 3 contracts

Samples: Collateral and Security (Ardagh Metal Packaging S.A.), Indenture (Ardagh Metal Packaging S.A.), Senior Indenture (Ardagh Metal Packaging S.A.)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder stockholder of the CompanyIssuers, as such, shall have any liability for any obligations of the Company under the SecuritiesNotes, the Guarantees, this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities Notes by accepting a Security Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesNotes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission SEC that such a waiver is against public policy.

Appears in 2 contracts

Samples: Alliance Laundry Holdings LLC, Alliance Laundry Holdings LLC

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder stockholder of the Company, as such, shall have any liability for any obligations of the Company under the SecuritiesNotes, the Subsidiary Guarantees, this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities Notes by accepting a Security Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesNotes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission SEC that such a waiver is against public policy.

Appears in 1 contract

Samples: Clearview Cinema Group Inc

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No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder stockholder of the CompanyIssuer or any Guarantor, as such, shall have any liability for any obligations of the Company Issuer or the Guarantors under the SecuritiesNotes, the Guarantees, this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities Notes by accepting a Security Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesNotes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy.

Appears in 1 contract

Samples: Cott Corp /Cn/

No Personal Liability of Directors, Officers, Employees and Shareholders. No past, present or future director, officer, employee, incorporator or shareholder of the CompanyCompany or any of its Subsidiaries or Affiliates, as such, shall have any liability for any obligations of the Company or the Guarantors under the Securities, the Indenture Note Documents 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 Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesNotes. Such waiver may not be effective to waive liabilities under the U.S. federal securities laws and it is the view of the Commission SEC that such a waiver is against public policy.

Appears in 1 contract

Samples: Additional Intercreditor Agreement (Encore Capital Group Inc)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, officer, employee, incorporator or shareholder stockholder of the Company, as such, shall have any liability for any obligations of the Company under the SecuritiesNotes, the Guarantees, this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities Notes by accepting a Security Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesNotes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy.

Appears in 1 contract

Samples: Indenture (Salton Maxim Housewares Inc)

No Personal Liability of Directors, Officers, Employees and Shareholders. No director, manager, officer, employee, incorporator or shareholder of the CompanyIssuer or any of its Subsidiaries or Affiliates, as such, shall have any liability for any obligations of the Company Issuer or any Guarantor under the Securities, the Indenture Notes Documents 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 Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the SecuritiesNotes. Such waiver may not be effective to waive liabilities under the U.S. federal securities laws and it is the view of the Commission SEC that such a waiver is against public policy.

Appears in 1 contract

Samples: Indenture (InterXion Holding N.V.)

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