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.

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 SECURITY FORMS

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholdershareholder, 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. Each 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 partner, incorporator, subscriber to the capital stock, stockholder, officerdirector, director officer or employee of the Company Transferor, the Servicer, the Back-up Servicer or the Trustee or of any predecessor or successor of the Company or the Trustee Standby 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.

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.. 12

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 Trustee, in its capacity as such, 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 herewiththerewith.

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 Company's obligations on the Securities or the obligations of the Company or the Trustee Trustor under this Indenture Agreement or any certificate or other writing delivered in connection herewith.

Corporate Obligation. No recourse may be taken, directly or indirectly, against any incorporatorincorporation, 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 Company's Issuees 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.