Immunity of Officials, Employees or Agents of Issuer Sample Clauses

Immunity of Officials, Employees or Agents of Issuer. No recourse shall be had for the enforcement of any obligation, promise or agreement of the Issuer contained in the Agreement, this Indenture or in any Bond issued hereunder for any claim based thereon or otherwise in respect thereof, against any commissioner, official, member, director, employee or agent, as such, in his or her individual capacity, past, present or future, of the Issuer or of any successor corporation, either directly or through the Issuer or any successor corporation, whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assignment or penalty or otherwise; it being expressly agreed and understood that the Bonds, the Agreement, the Mortgage and this Indenture are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any official, member, director, employee or agent as such, past, present or future, of the Issuer or of any successor corporation, either directly or through the Issuer or any successor corporation, under or by reason of any of the obligations, promises or agreements entered into between the Issuer and the Obligated Group whether contained in the Agreement or the Mortgage or to be implied therefrom as being supplemental hereto or thereto, and that all personal liability of that character against every such official, member, director, employee or agent is, by the execution of the Agreement and this Indenture, and as a condition of, and as part of the consideration for, the execution of the Agreement, the Mortgage and this Indenture, expressly waived and released.