Common use of Corporate Obligation Clause in Contracts

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO

Corporate Obligation. No recourse may be taken, directly or indirectly, against any partner, incorporator, subscriber to the capital stock, stockholder, officermember, director director, officer or employee of the Company Seller or the Trustee or of any predecessor or successor of the Company or the Trustee Servicer with respect to the Company's their respective obligations on the Securities or the obligations of the Company or the Trustee and indemnities under this Indenture Agreement or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's ’s obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any partner, incorporator, subscriber to the capital stock, stockholder, officerdirector, director officer or employee of the Company Seller or the Trustee or of any predecessor or successor of the Company or the Trustee Servicer with respect to the Company's their respective obligations on the Securities or the obligations of the Company or the Trustee and indemnities under this Indenture Agreement or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital shares or capital stock, director, member, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's ’s obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director director, employee or employee Affiliate of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's ’s obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOEach Holder by accepting any of the Securities, waives and releases all such liability, to the extent permitted by law.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officeremployee, officer or director or employee of the Company or the Trustee Issuer or of any predecessor or successor of the Company or the Trustee Issuer with respect to the CompanyIssuer's obligations on the Securities Notes or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any partner, incorporator, subscriber to the capital stock, stockholder, officerdirector, director officer or employee of the Company Transferor, the Servicer or the Trustee or of any predecessor or successor of the Company or the Trustee Back-up Servicer with respect to the Company's their respective obligations on the Securities or the obligations of the Company or the Trustee and indemnities under this Indenture Agreement or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital shares or capital stock, director, member, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or any coupons appertaining thereto or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director director, employee or employee Affiliate of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOEach Holder by accepting any of the Securities, waives and releases all such liability, to the extent permitted by law.

Corporate Obligation. No recourse may be taken, --------------------- directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOEach Holder by accepting a Security waives all such recourse.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the ordinary shares or capital stock, stockholder, director, member, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee Depositor or of any predecessor or successor of the Company or the Trustee Depositor with respect to the CompanyDepositor's obligations on the Securities Bonds or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOherewith or therewith except as otherwise expressly provided in any such certificate or other writing.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, officer or director or employee of the Company Issuer or the Trustee or of any predecessor or successor of the Company Issuer or the Trustee with respect to the CompanyIssuer's obligations on with respect to the Securities Bonds or the obligations of the Company Issuer or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOherewith or therewith.

Corporate Obligation. No recourse may be taken, directly or indirectly, against the Trustee or any incorporator, subscriber to the capital stock, stockholdershareholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or any coupons appertaining thereto or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officeremployee, officer or director or employee of the Company or the Trustee Depositor or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOthe

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company Company, any Guarantor or the Trustee or of any predecessor or successor of the Company Company, any Guarantor or the Trustee with respect to the Company's obligations on the Securities to, under or the obligations upon any obligation, covenant or agreement contained in this Indenture, in any Security, or because of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOindebtedness evidenced thereby.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee Issuer or of any predecessor or successor of the Company or the Trustee Issuer with respect to the CompanyIssuer's obligations on the Securities Notes or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOIndenture.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholdershareholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's ’s obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officeremployee, officer or director or employee of the Company or the Trustee Issuer or of any predecessor or successor of the Company or the Trustee Issuer with respect to the CompanyIssuer's obligations on the Securities Notes or under the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stockmember, stockholdertrustor, officeremployee, agent, Affiliate, officer or director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to any of the Company's obligations on the Securities or under the Trust Agreement or with respect to the Trustee's obligations of under the Company or the Trustee under this Indenture Trust Agreement or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officermember, employee, officer or director or employee of the Company or the Trustee Issuer or of any predecessor or successor of the Company or the Trustee Issuer with respect to the CompanyIssuer's obligations on the Securities Notes or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOherewith in the absence of fraud.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOEach Holder by accepting a Security waives all such recourse.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officeremployee, officer or director or employee of the Company or the Trustee any Issuer or of any predecessor or successor of the Company or the Trustee any Issuer with respect to the CompanyIssuer's obligations on the Securities Notes or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officeremployee, officer or director or employee of the Company or the Trustee Transferor or of any predecessor or successor of the Company or the Trustee Transferor with respect to the CompanyTransferor's obligations on the Securities Certificates or the obligations of the Company or the Trustee under this Indenture Agreement or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, depositor, subscriber to the capital stock, stockholder, officer, director or employee of the Company Issuer or the Indenture Trustee or of any predecessor or successor of the Company Issuer or the Indenture Trustee with respect to the CompanyIssuer's obligations on the Securities Notes or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOherewith or therewith except as otherwise expressly provided in any such certificate or other writing.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officeremployee, officer or director or employee of the Company or the Trustee Depositor or of any predecessor or successor of the Company or the Trustee Depositor with respect to the Company's obligations on the Securities Trust or the obligations of the Company or the Trustee under this Indenture Agreement or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOherewith or therewith except as otherwise expressly provided in any such certificate or other writing.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officeremployee, officer or director or employee of the Company or the Trustee Transferor or of any predecessor or successor of the Company or the Trustee Transferor with respect to the CompanyTransferor's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture Agreement or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company Company, the Guarantor or the Trustee or of any predecessor or successor of the Company Company, the Guarantor or the Trustee with respect to the Company's obligations on the Securities to, under or the obligations upon any obligation, covenant or agreement contained in this Indenture, in any Security, or because of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOindebtedness evidenced thereby.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company Company, the Guarantors, or the Trustee or of any predecessor or successor of the Company Company, the Guarantors, or the Trustee with respect to the Company's obligations on the Securities Securities, the obligations of the Guarantors on the Senior Subordinated Guarantees, or the obligations of the Company Company, the Guarantors, or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee Issuer or of any predecessor or successor of the Company or the Trustee Issuer with respect to the CompanyIssuer's obligations on the Securities Notes or under the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewithAgreement. ARTICLE TWO3/64971.8

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officeremployee, officer or director or employee of the Company or the Trustee Transferor or of any predecessor or successor of the Company or the Trustee Transferor with respect to the CompanyTransferor's obligations on the Securities Certificates or the obligations of the Company or the Trustee under this Indenture Agreement or any certificate or other writing delivered in connection herewith. ARTICLE TWOSection 13.13

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or any coupons appertaining thereto or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWOEach Holder by accepting a Security waives all such recourse.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stockshare capital, stockholdershareholder, officer, director or employee of the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company's obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection herewith. ARTICLE TWO