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 SECURITY FORMS

Appears in 5 contracts

Samples: Indenture (Primero Gas Marketing Co Inc), Indenture (HCC Insurance Holdings Inc/De/), Indenture (Key Energy Services Inc)

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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. ARTICLE TWO SECURITY FORMSEach Holder by accepting any of the Securities, waives and releases all such liability, to the extent permitted by law.

Appears in 2 contracts

Samples: Indenture (GMX Resources Inc), GMX Resources Inc

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. ARTICLE TWO SECURITY FORMS.

Appears in 1 contract

Samples: Microfinancial Inc

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 FORMS12

Appears in 1 contract

Samples: Key Energy Services Inc

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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. ARTICLE TWO SECURITY FORMS.

Appears in 1 contract

Samples: Trust and Security Agreement (Granite Financial Inc)

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 herewith. ARTICLE TWO SECURITY FORMStherewith.

Appears in 1 contract

Samples: Teledyne Inc

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