Corporate Obligations Sample Clauses

Corporate Obligations. To the extent permitted by law, no recourse under any obligation, covenant, or agreement of any person contained in this Agreement shall be had against any shareholder, officer or director of such person as such, by the enforcement of any assessment or by any legal proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that this Agreement is a corporate obligation of each person expressed to be a party hereto and no personal liability shall attach to or be incurred by the shareholders, officers, agents or directors of such person as such, or any of them, under or by reason of any of the obligations, covenants or agreements of such person contained in this Agreement, or implied therefrom, and that any and all personal liability for breaches by such person of any of such obligations, covenants or agreements, either under any applicable law or by statute or constitution, of every such shareholder, officer, agent or director is hereby expressly waived by each person expressed to be a party hereto as a condition of and consideration for the execution of this Agreement.
Corporate Obligations. This Agreement is the corporate act and obligation of the parties hereto.
Corporate Obligations. It is expressly agreed and understood that this Agreement is a corporate obligation of each of the Companies and the Corporate Services Provider.
Corporate Obligations. This contract is the corporate act and obligation of the parties hereto, and any claim hereunder against any stockholder, director or officer of either party, as such, is expressly waived.
Corporate Obligations. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, employee, officer or director of the Depositor or the Trustee or of any predecessor or successor of the Depositor or the Trustee with respect to the obligations of the Depositor or the Trustee under this Agreement or any certificate or other writing delivered in connection herewith or therewith.
Corporate Obligations. It is expressly agreed and understood that each Document is a corporate obligation of each Transaction Party.
Corporate Obligations. This 1997 Amendatory Agreement is the corporate act and obligation of the parties hereto.
Corporate Obligations. The obligations of each of the Transferor and NFC under this Agreement are solely the corporate obligations of such Person. No recourse shall be had for the payment of any fee or other obligation or claim arising out of or relating to this Agreement or any other agreement, instrument, document or certificate executed and delivered or issued by the Transferor or NFC or any officer thereof in connection therewith, against any stockholder, employee, officer or director of the Transferor or NFC.
Corporate Obligations. Each party hereto acknowledges and agrees that notwithstanding any other provision contained herein or in any other letter agreement entered into between the parties, the obligations of the Issuer under this Agreement, any such other letter agreement and the Notes are corporate or limited liability obligations of the Issuer and, no party hereto shall have any recourse against any of the directors, officers, employees or corporate services providers of the Issuer (the "Limited Parties") (nor shall any of the Limited Parties be personally liable for any claims, losses, damages, liabilities, indemnities, representations or other obligations whatsoever of the Issuer), under or in connection with the Notes, or this Agreement or any other letter agreement entered into between the parties, save in the case of the wilful default or actual fraud of such Limited Party. Reference herein to wilful default or actual fraud means a finding to such effect by a court of competent jurisdiction in relation to the conduct of the relevant Limited Party.
Corporate Obligations. The obligations of Trilogy under this Agreement are solely corporate obligations, and no officer, director, employee, agent, shareholder or controlling person of Trilogy shall be subject to any personal liability whatsoever to any person, nor will any such claim be asserted by or on behalf of any other party to this Agreement.