Common use of Liability Solely Corporate Clause in Contracts

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt Securities, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholder, officer, director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any predecessor or successor corporation or other entity), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any such predecessor or successor corporation or other entity), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity), because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 5 contracts

Samples: Magnum Hunter Resources Inc, Meridian Resource CORP, Meridian Resource CORP

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Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) , or the interest interest, if any, on any Debt Securities, any Guarantees or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of under this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, future of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any predecessor or successor corporation or other entity), of either of them (either directly or through the Company or of any other Person now the Guarantor, as the case may be, or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such a predecessor or successor corporation or other entityof either of them), whether by virtue of any constitutionconstitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Guarantees are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any such predecessor or successor corporation or other entity)corporation, either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture the Guarantor or any Debt Securities (or any such predecessor or successor corporation or other entity)of either of them, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises covenants or agreements contained in this Indenture or in any of the Debt Securities or Guarantees or to be implied herefrom or therefrom; , and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue issuance of Debt Securities; providedthe Securities and the Guarantees. ------------------------- This instrument may be executed in any number of counterparts, however, that nothing herein or in the Debt Securities contained each of which so executed shall be taken deemed to prevent recourse to be an original, but all such counterparts shall together constitute but one and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paidsame instrument.

Appears in 4 contracts

Samples: Pp&l Capital Funding Trust I, Pp&l Resources Inc, Pp&l Capital Funding Inc

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt SecuritiesSecurities or Coupons, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entitycorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entitycorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Coupons are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entitycorporation), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or Coupons or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities or Coupons contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 3 contracts

Samples: Indenture (United Companies Financial Corp), Prison Realty Trust Inc, Prison Realty Trust Inc

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) , or the interest (including Additional Interest), if any, on any Debt SecuritiesSecurities or any Guarantee, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of under this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, future of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any predecessor or successor corporation or other entity), Person of either of them (either directly or through the Company or of any other Person now the Guarantor, as the case may be, or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such a predecessor or successor corporation or other entityPerson of either of them), whether by virtue of any constitutionconstitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Guarantees are solely corporate obligations, and that that, except as otherwise provided as contemplated by Section 301, no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any such predecessor or successor corporation or other entity)Person of either of them, either directly or indirectly through the Company or the Guarantor or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity)Person, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises covenants or agreements contained in this Indenture or in any of the Debt Securities and Guarantees or to be implied herefrom or therefrom; , and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue issuance of Debt Securities; providedthe Securities and Guarantees. ------------------------- This instrument may be executed in any number of counterparts, however, that nothing herein or in the Debt Securities contained each of which so executed shall be taken deemed to prevent recourse to be an original, but all such counterparts shall together constitute but one and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paidsame instrument.

Appears in 2 contracts

Samples: Indenture (FPL Group Inc), FPL Group Capital Inc

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt SecuritiesSecurities or coupons, if any, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities the Guarantor (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entitycorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities the Guarantor (or any such predecessor or successor corporation or other entitycorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and coupons, if any, are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities the Guarantor (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entitycorporation), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (the Guarantor or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or coupons, if any, or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; providedPROVIDED, howeverHOWEVER, that nothing herein or in the Debt Securities or coupons, if any, contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 2 contracts

Samples: Indenture (Northwest Airlines Inc /Mn), Northwest Airlines Inc /Mn

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt SecuritiesSecurities or Coupons, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholdershareholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholdershareholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entitycorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entitycorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Coupons are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholdershareholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholdershareholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entitycorporation), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or Coupons or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities or Coupons contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder shareholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 2 contracts

Samples: Talx Corp, Reinsurance Group of America Inc

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt SecuritiesSecurities or the Guarantees, if any, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholdershareholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities Guarantor (or any incorporator, stockholdershareholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entitycorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities Guarantor (or any such predecessor or successor corporation or other entitycorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Guarantees, if any, are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholdershareholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities Guarantor (or any incorporator, stockholdershareholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entitycorporation), either directly or indirectly through the Company or of Company, any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (Guarantor or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or the Guarantees, if any, or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities or the Guarantees, if any, contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder shareholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 2 contracts

Samples: Indenture (Energizer Holdings Inc), Ralcorp Holdings Inc /Mo

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt Securities, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities the Guarantor (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entitycorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities the Guarantor (or any such predecessor or successor corporation or other entitycorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities the Guarantor (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entitycorporation), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (the Guarantor or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 1 contract

Samples: Aramark Services Inc

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) , or the interest interest, if any, on any Debt Securities, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of under this Indenture, against any incorporator, shareholder, officer or against any stockholder, officer, director, member, manager or employee, as such, past, present or future, future of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any predecessor or successor corporation or other entity), (either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such a predecessor or successor corporation or other entitycorporation), whether by virtue of any constitutionconstitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholdershareholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any such predecessor or successor corporation or other entity)corporation, either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises covenants or agreements contained in this Indenture or in any of the Debt Securities or to be implied herefrom or therefrom; , and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue issuance of Debt the Securities; provided. ARTICLE FIFTEEN First Series of Securities Section 1501. Designation of First Series of Securities. There is hereby created a series of Securities designated "7.75% Senior Notes due December 15, however, that nothing 2009" (herein or in sometimes referred to as "Senior Notes"). The form and terms of the Debt Securities contained Senior Notes shall be taken established in an Officer's Certificate pursuant to prevent recourse Sections 201 and 301. _________________________ This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paidsame instrument.

Appears in 1 contract

Samples: Indenture (Entergy Arkansas Inc)

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) , or the interest interest, if any, on any Debt Securities, any Guaranties or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of under this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, future of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any predecessor or successor corporation or other entity), of either of them (either directly or through the Company or of any other Person now the Guarantor, as the case may be, or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such a predecessor or successor corporation or other entityof either of them), whether by virtue of any constitutionconstitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Guaranties are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any such predecessor or successor corporation or other entity)corporation, either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture the Guarantor or any Debt Securities (or any such predecessor or successor corporation or other entity)of either of them, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises covenants or agreements contained in this Indenture or in any of the Debt Securities or Guaranties or to be implied herefrom or therefrom; and that any such personal liability liability, if any, is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution and delivery of this Indenture and the issue issuance and delivery of Debt Securities; provided, however, that nothing herein or in the Debt Securities contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.Guaranties. -------------------------

Appears in 1 contract

Samples: Indenture (Dqe Capital Corp)

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) , or the interest interest, if any, on any Debt Securities, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of under this Indenture, against any incorporator, shareholder, officer or against any stockholder, officer, director, member, manager or employee, as such, past, present or future, future of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any predecessor or successor corporation or other entity), (either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such a predecessor or successor corporation or other entitycorporation), whether by virtue of any constitutionconstitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood under stood that this Indenture and all the Debt Securities are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholdershareholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any such predecessor or successor corporation or other entity)corporation, either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises covenants or agreements contained in this Indenture or in any of the Debt Securities or to be implied herefrom or therefrom; , and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue issuance of Debt the Securities; provided, however, that nothing . ARTICLE FIFTEEN SECURITIES OF THE FIRST SERIES AND SECOND SERIES -74- SECTION 1501. DESIGNATION OF SECURITIES OF THE FIRST SERIES. There is hereby created a series of Securities designated "6.375% Series C Senior Notes due 2008" (herein or sometimes referred to as "Securities of the First Series") and limited in aggregate principal amount (except as contemplated in Section 201(b) hereof) to Two Hundred Million Dollars ($200,000,000). The form and terms of the Debt Securities contained of the First Series shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or established in respect of the shares of capital stock not fully paidan Officer's Certificate.

Appears in 1 contract

Samples: Texas Utilities Electric Co

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Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) , or the interest interest, if any, on any Debt Securities, any Guarantees, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of under this Indenture, against any incorporator, shareholder, officer or against any stockholder, officer, director, member, manager or employee, as such, past, present or future, future of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any predecessor or successor corporation or other entity), of either of them (either directly or through the Company or of any other Person now the Guarantor, as the case may be, or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such a predecessor or successor corporation or other entityof either of them), whether by virtue of any constitutionconstitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Guarantees are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholdershareholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any such predecessor or successor corporation or other entity)corporation, either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture the Guarantor or any Debt Securities (or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises covenants or agreements contained in this Indenture or in any of the Debt Securities or Guarantees or to be implied herefrom or therefrom; , and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue issuance of Debt Securities; providedthe Securities and the Guarantees. ARTICLE SIXTEEN SENIOR NOTES OF THE FIRST SERIES, howeverSECOND SERIES, that nothing THIRD SERIES, FOURTH SERIES, FIFTH SERIES AND SIXTH SERIES SECTION 1601. DESIGNATION OF SENIOR NOTES OF THE FIRST SERIES. There is hereby created a series of Securities designated "6.15% Senior Notes due May 15, 2002" (herein or in sometimes referred to as "Senior Notes of the Debt Securities contained First Series"). The form and terms of the Senior Notes of the First Series and the Guarantee to be endorsed thereon shall be taken established in an Officer's Certificate pursuant to prevent recourse to Sections 201 and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid301.

Appears in 1 contract

Samples: Indenture (Txu Eastern Holdongs LTD)

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt SecuritiesSecurities or Coupons, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entitycorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entitycorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Coupons are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entitycorporation), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or Coupons or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities or -------- ------- Coupons contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 1 contract

Samples: Money Store Inc /Nj

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt SecuritiesSecurities or Coupons, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entitycorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entitycorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Coupons are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entitycorporation), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or Coupons or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; provided, however, that -------- ------- nothing herein or in the Debt Securities or Coupons contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 1 contract

Samples: TMS Venture Holdings Inc

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt SecuritiesSecurities or Coupons, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities Subsidiary Guarantor (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entitycorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities Subsidiary Guarantor (or any such predecessor or successor corporation or other entitycorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities Securities, Coupons and Subsidiary Guarantees are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities Subsidiary Guarantor (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entitycorporation), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (Subsidiary Guarantor or any such predecessor or successor corporation or other entity)corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities Securities, Coupons or Subsidiary Guarantees or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; providedPROVIDED, howeverHOWEVER, that nothing herein or in the Debt Securities Securities, Coupons or the Subsidiary Guarantees contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 1 contract

Samples: Money Store Inc /Nj

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on any Debt SecuritiesSecurities or Coupons, or any part thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any predecessor or successor corporation or other entityCorporation), either directly or through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entityCorporation), whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Coupons are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager officer or employee director of any such predecessor or successor corporation or other entityCorporation), either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such predecessor or successor corporation or other entity)Corporation, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Debt Securities or Coupons or to be implied herefrom or therefrom; and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of Debt Securities; provided, however, that nothing herein or in the Debt Securities or Coupons contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.

Appears in 1 contract

Samples: Indenture (Hubbell Inc)

Liability Solely Corporate. No recourse shall be had for the payment of the principal of (or premium, if any) , or the interest interest, if any, on any Debt Securities, any Guaranties or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of under this Indenture, against any incorporator, or against any stockholder, officer, officer or director, member, manager or employee, as such, past, present or future, future of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any predecessor or successor corporation or other entity), of either of them (either directly or through the Company or of any other Person now the Guarantor, as the case may be, or hereafter an obligor with respect to this Indenture or any Debt Securities (or any such a predecessor or successor corporation or other entityof either of them), whether by virtue of any constitutionconstitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Debt Securities and Guaranties are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any such incorporator, stockholder, officer, officer or director, member, manager or employee, past, present or future, of the Company or of any other Person now the Guarantor or hereafter an obligor with respect to this Indenture or any Debt Securities (or any incorporator, stockholder, officer, director, member, manager or employee of any such predecessor or successor corporation or other entity)corporation, either directly or indirectly through the Company or of any other Person now or hereafter an obligor with respect to this Indenture the Guarantor or any Debt Securities (or any such predecessor or successor corporation or other entity)of either of them, because of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises covenants or agreements contained in this Indenture or in any of the Debt Securities or Guaranties or to be implied herefrom or therefrom; and that any such personal liability liability, if any, is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution and delivery of this Indenture and the issue issuance and delivery of Debt Securities; provided, however, that nothing herein or in the Debt Securities contained shall be taken to prevent recourse to and the enforcement of the liability, if any, of any stockholder or subscriber to capital stock upon or in respect of the shares of capital stock not fully paid.Guaranties. --------------------------------

Appears in 1 contract

Samples: Dqe Capital Corp

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