NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND SHAREHOLDERS
NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND SHAREHOLDERS 76 Section 12.01. No Personal Liability 76
NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES, INCORPORATORS AND STOCKHOLDERS. No director, officer, employee, incorporator, stockholder or other Affiliate of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or other Affiliate 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 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.
NO PERSONAL LIABILITY OF DIRECTORS. Officers, Employees, Incorporators and Stockholders No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or such Guarantor under the Notes or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release shall be part of the consideration for the issuance of the Notes.
NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND STOCKHOLDERS OF THE NEW GUARANTOR. No director, officer, employee, incorporator or stockholder of the New Guarantor, as such, shall have any liability for any obligations of the Company, the New Guarantor or any guarantor under any series of Guaranteed Notes, any guarantees under any series of Guaranteed Notes, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Guaranteed Notes by accepting a Guaranteed Note waives and releases all such liability.
NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND STOCKHOLDERS......................81 SECTION 14.08. GOVERNING LAW...................................81 SECTION 14.09. NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS...81 SECTION 14.10. SUCCESSORS......................................81 SECTION 14.11. SEVERABILITY....................................81 SECTION 14.12.
NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES, INCORPORATORS AND STOCKHOLDERS. No director, officer, employee, incorporator or stockholder of the Company, or any of its Affiliates, as such, shall have any liability for any obligations of the Company, and any of its Affiliates under the Notes, or this Indenture or for any claim based on, in respect of, or by reason 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. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such waiver is against public policy.
NO PERSONAL LIABILITY OF DIRECTORS. Under the Act, no Director or Alternate Director shall be personally liable for any debts, obligations or liabilities of the Authority or on any bonds issued by the Authority, nor subject to any personal liability or accountability by reason of the Authority’s incurrence of debts, obligations or liabilities or issuance of bonds.
NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES AND SHAREHOLDERS. NO STOCKHOLDER, OFFICER OR DIRECTOR, AS SUCH, PAST, PRESENT OR FUTURE, OF THE COMPANY OR ANY SUBSIDIARY GUARANTOR, SHALL HAVE ANY PERSONAL LIABILITY FOR ANY OBLIGATIONS OF THE COMPANY OR SUCH SUBSIDIARY GUARANTOR UNDER THE NOTES, THIS INDENTURE OR THE SUBSIDIARY GUARANTEES, AS THE CASE MAY BE, BY REASON OF HIS OR HER OR ITS STATUS AS SUCH STOCKHOLDER, OFFICER OR DIRECTOR. 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 AND THE SUBSIDIARY GUARANTEES. 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.
NO PERSONAL LIABILITY OF DIRECTORS. OFFICERS, EMPLOYEES OR STOCKHOLDERS. No director, officer, employee, member or stockholder of any New Guarantor, as such, will have any liability for any obligations of the Company, the New Guarantors or the Existing Guarantors under the Securities, the Indenture, the Guarantees, 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 the Company and each New Guarantor from all such liability. The waiver and release are part of the consideration for issuance of the Securities.
