Common use of Corporate Obligation Clause in Contracts

Corporate Obligation. It is expressly understood that this Note is solely a corporate obligation of the Company, and that any and all personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every promoter, subscriber, incorporator, shareholder, officer, or director, as such, are hereby expressly waived and released by the Holder hereof by the acceptance of this Note and as a part of the consideration for the issue hereof.

Corporate Obligation. It is expressly understood that this Note is solely a corporate obligation of the Company, Company and that any and all personal liability, either at common law or in equity equity, or by constitution or statute, of, and any and all such rights and claims against, every promoter, subscriber, incorporator, shareholderstockholder, officer, or director, as such, past, present or future, are hereby expressly waived and released by the Holder hereof by the acceptance of this Note and as a part of the consideration for the issue issuance hereof.

Corporate Obligation. It is expressly understood that this Note is solely a corporate obligation of the Company, and that any and all personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every promoter, subscriber, incorporator, shareholder, officer, or directordirector of the Company, as such, are hereby expressly waived and released by the Holder hereof by the acceptance of this Note and as a part of the consideration for the issue hereof.

Corporate Obligation. It is expressly understood that this Note is solely a corporate obligation of the Company, and that any and all personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every promoter, subscriber, incorporator, shareholder, officer, officer or director, as such, are hereby expressly waived and released by the Holder holder hereof by the acceptance of this Note and as a part of the consideration for the issue hereof.