Common use of Express Exculpatory Clauses in Instruments Clause in Contracts

Express Exculpatory Clauses in Instruments. Indemnitee shall not ------------------------------------------ be liable under any written instrument creating an obligation of the Company by reason of Indemnitee's being a [a director] [an officer] of the Company, and all persons shall look solely to the Company for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render Indemnitee liable thereunder to any third party, nor shall Indemnitee be liable to anyone as a result of such omission.

Express Exculpatory Clauses in Instruments. Indemnitee shall not ------------------------------------------ be liable under any written instrument creating an obligation of the Company by reason of Indemnitee's his being a [a director] [an officer] director of the Company, and all persons shall look solely to the Company for the payment of any claim under or for the performance of that instrument. The omission of the foregoing exculpatory language from any instrument shall not affect the validity or enforceability of such instrument and shall not render Indemnitee liable thereunder to any third party, nor shall Indemnitee be liable to anyone as a result of such omission.