Common use of Indenture and Securities Solely Corporate Obligations Clause in Contracts

Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture, or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor Person to the Company, either directly or through the Company any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Securities.

Appears in 5 contracts

Samples: Indenture (Vesta Insurance Group Inc), Indenture (New South Capital Trust I), Indenture (Vesta Insurance Group Inc)

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Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any Security, or for any claim based thereon or otherwise in respect thereof, Security and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture, Indenture or in any supplemental indenture or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer employee, agent, officer, or directordirector or subsidiary, as such, past, present or future, of the Company or of any successor Person to the Companycorporation, either directly or through the Company 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 understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Securities.

Appears in 5 contracts

Samples: Indenture (Orbital Sciences Corp /De/), Indenture (Cirrus Logic Inc), Indenture (Cirrus Logic Inc)

Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, any premium or interest on any Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company Corporation in this IndentureIndenture or in any supplemental indenture, or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company Corporation or of any successor Person to the Companycorporation, either directly or through the Company 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 understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Securities.

Appears in 3 contracts

Samples: Indenture (Everest Re Capital Trust Iii), Everest Re Capital Trust, Everest Re Group LTD

Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of (or premium, if any) or interest, or interest on any Security, or for any claim based thereon or otherwise in respect thereofif any, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture, Indenture or in any supplemental indenture or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholdershareholder, employee, agent, officer or director, as such, past, present or future, of the Company or of any successor Person to the Companycorporations, either directly or through the Company 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 understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue issuance of the Securities.

Appears in 2 contracts

Samples: Indenture (Celestica Inc), Indenture (Celestica Inc)

Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, any premium or interest on any Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this IndentureIndenture or in any supplemental indenture, or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor Person to the Companycompany, either directly or through the Company 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 understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Securities.

Appears in 2 contracts

Samples: Everest Re Capital Trust, Everest Reinsurance Holdings Inc

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Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture, or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor Person to the Company, either directly or through the Company under any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Securities.

Appears in 1 contract

Samples: Indenture (Madison Bancshares Group LTD)

Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the payment of principal of (or premium, if any) or interest, or interest on any Security, or for any claim based thereon or otherwise in respect thereofif any, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture, Indenture or in any supplemental indenture or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholdershareholder, employee, agent, officer or director, as such, past, present or future, of the Company or of any successor Person to the Companycorporations, either directly or through the Company 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 understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Securities.

Appears in 1 contract

Samples: Indenture (Celestica Inc)

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