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

No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator or stockholder, as such, of the Company, the parent of the Company, or any Subsidiary of any thereof shall have any liability for any obligation of the Company under this Indenture, the Notes, the Note Security Documents, or for any claim based on, in respect of, or by reason of, any such obligation or its creation. Each Noteholder, by accepting the Notes, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 4 contracts

Samples: Indenture (Ambac Financial Group Inc), Collateral Agreement (Ambac Financial Group Inc), Collateral Agreement (Ambac Financial Group Inc)

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No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator or stockholderstockholder of any Issuer, as such, of the Company, the parent of the Company, any Guarantor or any Subsidiary of any thereof shall have any liability for any obligation of the Company any Issuer or any Guarantor under this Indenture, the Notes, the Note Security DocumentsNotes or any Guarantee, or for any claim based on, in respect of, or by reason of, any such obligation or its creation. Each Noteholder, by accepting the Notes, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 2 contracts

Samples: Indenture (Univar Solutions Inc.), Univar Inc.

No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No past, present or future director, officer, employee, incorporator incorporator, manager, member, partner or stockholderstockholder of the Company or any Guarantor, as such, of the Company, the parent of the Company, or any Subsidiary of any thereof shall have any liability for any obligation obligations of the Company or such Guarantor under the Notes or this Indenture, the Notes, the Note Security Documents, Indenture or for any claim based on, in respect of, or by reason of, any such obligation obligations or its their creation. Each Noteholder, Holder of Notes by accepting the Notes, a Note waives and releases all such liability. The waiver and release are shall be part of the consideration for the issuance of the Notes.

Appears in 2 contracts

Samples: Playa Hotels & Resorts N.V., Playa Hotels & Resorts B.V.

No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator incorporator, manager, member, partner or stockholderstockholder of the Company or any Guarantor, as such, of the Company, the parent of the Company, or any Subsidiary of any thereof shall have any liability for any obligation obligations of the Company or such Guarantor under the Notes or this Indenture, the Notes, the Note Security Documents, Indenture or for any claim based on, in respect of, or by reason of, any such obligation obligations or its their creation. Each Noteholder, Holder of Notes by accepting the Notes, a Note waives and releases all such liability. The waiver and release are shall be part of the consideration for the issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Vail Resorts Inc)

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No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator or stockholder, as such, stockholder of the Company, the parent any other obligor in respect of the Company, Notes or any Subsidiary of any thereof shall have any liability for any obligation of the Company or any other obligor under this Indenture, Indenture or the Notes, the Note Security Documents, or for any claim based on, in respect of, or by reason of, any such obligation or its creation. Each Noteholder, by accepting the Notes, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 1 contract

Samples: Johnsondiversey Holdings Inc

No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator incorporator, member or stockholder, as such, of the Company, the parent of the Company, Company or any Subsidiary of any thereof shall have any liability for any obligation of the Company under this Indenture, Indenture or the Notes, the Note Security Documents, or for any claim based on, in respect of, or by reason of, any such obligation or its creation. Each Noteholder, by accepting the Notes, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

Appears in 1 contract

Samples: Refinancing Agreement (Sirva Inc)

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