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, as such, shall have any liability for any obligations of the Company under the Debt Securities or this Indenture or for any claim based on, in respect of, or by reason of, such obligations. Each Holder of a Debt Security by accepting a Debt Security waives and releases all such liability. Such waiver and release form a part of the consideration for issuance of the Debt Securities.

No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders. No director, officer, employee, incorporator or stockholder stockholder, of the Company, as such, shall have any liability for any obligations of the Company under the Debt Securities or this the Indenture or for any claim based on, in respect of, or by reason of, such obligationsobligations or their creation. Each Holder of a Debt Security Securities by accepting a Debt Security waives and releases all such liability. Such The waiver and release form a are part of the consideration for the issuance of the Debt Securities.