Common use of Corporate Obligations Clause in Contracts

Corporate Obligations. (a) It is expressly agreed and understood that this Deed is a corporate obligation of each party to this Deed and no party shall have any recourse against any shareholder, member, equity holder, officer, agent, employee, director or affiliate of a party in his capacity as such, by any proceedings or otherwise, in respect of any obligation, covenant, or agreement of a party (acting in any capacity whatsoever) contained in this Deed. (b) No personal liability shall attach to or be incurred by any shareholder, member, equity holder, officer, agent, employee or director of a party in his capacity as such, under or by reason of any of the obligations, covenants or agreements of such party contained in this Deed or implied from this Deed and any and all personal liability of every such shareholder, member, equity holder, officer, agent, employee or director for breaches by such party of any such obligations, covenants or agreements, either at law or by statute or constitution, is hereby expressly waived by the parties as a condition of and consideration for the execution of this Deed.

Corporate Obligations. (a) It is expressly agreed and understood that this Deed Agreement is a corporate obligation of each party to this Deed Agreement and no party shall have any recourse against any shareholder, member, equity holder, officer, agent, employee, director or affiliate of a party in his capacity as such, by any proceedings or otherwise, in respect of any obligation, covenant, or agreement of a party (acting in any capacity whatsoever) contained in this DeedAgreement. (b) No personal liability shall attach to or be incurred by any shareholder, member, equity holder, officer, agent, employee or director of a party in his capacity as such, under or by reason of any of the obligations, covenants or agreements of such party contained in this Deed Agreement or implied from this Deed Agreement and any and all personal liability of every such shareholder, member, equity holder, officer, agent, employee or director for breaches by such party of any such obligations, covenants or agreements, either at law or by statute or constitution, is hereby expressly waived by the parties as a condition of and consideration for the execution of this DeedAgreement.

Corporate Obligations. (a) It is expressly agreed and understood that this Deed Agreement is a corporate obligation of each party to this Deed Agreement and no party shall have any recourse against any shareholder, member, equity holder, officer, agent, employee, director or affiliate of a party in his capacity as such, by any proceedings or otherwise, in respect of any obligation, covenant, or agreement of a party (acting in any capacity whatsoever) contained in this Deed.Agreement. COPY (b) No personal liability shall attach to or be incurred by any shareholder, member, equity holder, officer, agent, employee or director of a party in his capacity as such, under or by reason of any of the obligations, covenants or agreements of such party contained in this Deed Agreement or implied from this Deed Agreement and any and all personal liability of every such shareholder, member, equity holder, officer, agent, employee or director for breaches by such party of any such obligations, covenants or agreements, either at law or by statute or constitution, is hereby expressly waived by the parties as a condition of and consideration for the execution of this DeedAgreement.