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 of the Company, any Subsidiary Guarantor or any Subsidiary of any thereof shall have any liability for any obligation of the Company or any Subsidiary Guarantor under this Indenture, the Notes, any Subsidiary Guarantee, the Note Security Documents, or the Intercreditor Agreements, 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 3 contracts

Samples: Indenture (Hd Supply, Inc.), Hd Supply, Inc., Hd Supply, Inc.

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No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator or stockholder of the Company, the Co-Issuer, any Subsidiary Guarantor or any Subsidiary of any thereof shall have any liability for any obligation of the Company Company, the Co-Issuer or any Subsidiary Guarantor under this Indenture, the Notes, Notes or any Subsidiary Guarantee, the Note Security Documents, or the Intercreditor Agreements, 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 3 contracts

Samples: Indenture (New Sally Holdings, Inc.), Sally Beauty Holdings, Inc., New Sally Holdings, Inc.

No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator or stockholder of the Company, the Co-Issuer, any Parent Guarantor, any Subsidiary Guarantor or any Subsidiary of any thereof shall have any liability for any obligation of the Company Company, the Co-Issuer, any Parent Guarantor or any Subsidiary Guarantor under this Indenture, the Notes, Notes or any Subsidiary Guarantee, the Note Security Documents, or the Intercreditor Agreements, 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 3 contracts

Samples: Indenture (Sally Beauty Holdings, Inc.), Supplemental Indenture (Sally Beauty Holdings, Inc.), Initial Agreement (Sally Beauty Holdings, Inc.)

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No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator or stockholder of the Company, Holdings, any Subsidiary Guarantor or any Subsidiary of any thereof shall have any liability for any obligation of the Company Company, Holdings or any Subsidiary Guarantor under this Indenture, the Notes, the Parent Guarantee, any Subsidiary Guarantee, the Note Security Documents, or the Intercreditor Agreements, 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: Intercreditor Agreement (Unistrut International Holdings, LLC), Indenture (Unistrut International Holdings, LLC)

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