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

No Personal Liability of Directors, Officers. Employees and Stockholders. No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the Company, as such, shall have any liability for any obligations of the Company under this Security Agreement or for any claim based on, in respect of, or by reason of, such obligations or their creation.

Appears in 3 contracts

Samples: Company Convertible Note Security and Pledge Agreement (PLD Telekom Inc), Nwe Cyprus Senior Note Security and Pledge Agreement (Nwe Capital Cyprus LTD), Nwe Cyprus Senior Note Security and Pledge Agreement (PLD Telekom Inc)

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No Personal Liability of Directors, Officers. Employees and StockholdersEMPLOYEES AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the Company, as such, shall will have any liability for any obligations of the Company under this Security Agreement Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

Appears in 3 contracts

Samples: Investment Agreement (Oscar Health, Inc.), Indenture (Oscar Health, Inc.), Indenture (Stem, Inc.)

No Personal Liability of Directors, Officers. Employees and Stockholders. EMPLOYEES AND STOCKHOLDERS No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the Company, as such, shall have any liability for any obligations Obligations of the Company under the Notes, this Security Agreement Indenture or for any claim based on, in respect of, or by reason of, such obligations Obligations or their creation. Each Holder by accepting a Note 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 and Collateral Agency Agreement (RBX Corp), RBX Corp

No Personal Liability of Directors, Officers. Employees Employees, Stockholders and StockholdersAgents. No past, present or future director, officer, employee, incorporator incorporator, stockholder or stockholder agent of the Company or of any subsidiary of the Company, as such, Issuers shall have any liability for any obligations of the Company Issuers under the Notes, this Security Agreement Indenture or the Collateral Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note 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: Comdisco Holding Co Inc, Comdisco Holding Co Inc

No Personal Liability of Directors, Officers. Employees and Stockholders. And Stockholders No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the CompanyGuarantor, as such, shall have any liability for any obligations of the Company or such Guarantor under the Notes, the Note Guarantees, this Security Agreement Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note 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: Sealy Corp

No Personal Liability of Directors, Officers. Employees and Stockholders. EMPLOYEES AND STOCKHOLDERS No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the Company, as such, shall have any liability for any obligations of the Company under the Notes, this Security Agreement Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note 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: Indenture (Sygnet Wireless Inc)

No Personal Liability of Directors, Officers. Employees and Stockholders. EMPLOYEES AND STOCKHOLDERS No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the Company, as such, shall have any liability for any obligations of the Company under the Senior Notes, this Security Agreement Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Senior Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Senior Notes.

Appears in 1 contract

Samples: Indenture (Oxford Health Plans Inc)

No Personal Liability of Directors, Officers. Employees and StockholdersEMPLOYEES AND STOCKHOLDERS. No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the CompanyGuarantor, as such, shall will have any liability for any obligations of the Company or the Guarantor under this Security Agreement Indenture, the Notes or the Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Spotify Technology S.A.)

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No Personal Liability of Directors, Officers. Employees and Stockholders. EMPLOYEES AND STOCKHOLDERS No past, present or future director, officer, employee, incorporator stockholder or stockholder incorporator, as such, of the Company or of any subsidiary of the Company, as such, successor corporation shall have any liability for any obligations of the Company under this Security Agreement the Notes or the Indenture or for any claim based on, in respect of, of or by reason of, of such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes.

Appears in 1 contract

Samples: MGM Mirage

No Personal Liability of Directors, Officers. Employees and Stockholders. Stockholders No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the Company, as such, shall have any liability for any obligations Obligations of the Company under the Notes, this Security Agreement Indenture or for any claim based on, in respect of, or by reason of, such obligations Obligations or their creation. Each Holder by accepting a Note 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: Indenture (RBX Corp)

No Personal Liability of Directors, Officers. Employees and StockholdersEMPLOYEES AND OTHERS. No past, present or future director, officer, employee, incorporator agent, manager, incorporator, stockholder or stockholder of the Company or of any subsidiary other Affiliate of the Company, as such, shall have any liability for any obligations of the Company under any of the Notes, this Security Agreement Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note 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: Cinemark Usa Inc /Tx

No Personal Liability of Directors, Officers. Employees and Stockholders. EMPLOYEES AND STOCKHOLDERS No past, present or future director, officer, employee, incorporator or stockholder of the Company or of any subsidiary of the Company, as such, Guarantor shall have any liability for any obligations of the Company or the Guarantors under the Notes, the Guarantees, if any, or this Security Agreement Indenture or for any a claim based on, in respect of, or by reason of, of such obligations or their creation. Each Holder of the Notes by accepting a Note 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: High Voltage Engineering Corp

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