Common use of Indenture and Debt Securities Solely Corporate Obligations Clause in Contracts

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation of the Company, either directly or through the Company or any successor corporation of the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.

Appears in 7 contracts

Samples: Indenture (Union Planters Corp), Indenture (Community Bancshares Inc /De/), Indenture (Mercantile Capital Trust I)

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Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer officer, director, employee or directoragent, as such, past, present or future, of the Company or of any predecessor or successor corporation of the Company, either directly or through the Company or any successor corporation of the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.

Appears in 5 contracts

Samples: Indenture (Hf Financial Corp), Indenture (Tib Financial Corp.), Indenture (Service 1st Bancorp)

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company Issuer in this Indenture or in any supplemental indenture, or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer officer, director, employee or directoragent, as such, past, present or future, of the Company Issuer or of any successor corporation of the CompanyIssuer, either directly or through the Company Issuer or any successor corporation of the CompanyIssuer, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.

Appears in 4 contracts

Samples: Indenture (Bankatlantic Bancorp Inc), Indenture (Investorsbancorp Inc), Indenture (Matrix Bancorp Inc)

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or of, premium, if any, or interest interest, if any, on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation of the Companycorporation, either directly or through the Company or any successor corporation of the Companycorporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities. ARTICLE FOURTEEN MISCELLANEOUS PROVISIONS SECTION 14.01.

Appears in 2 contracts

Samples: Indenture (McDonalds Corp), Indenture (McDonalds Corp)

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or of, premium, if any, or interest interest, if any, on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, ' or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer officer, director or director, employee as such, past, present or future, of the Company or of any successor corporation of the Companycorporation, either directly or through the Company or any successor corporation of the Companycorporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.. ARTICLE FIFTEEN

Appears in 1 contract

Samples: Indenture (Nucor Corp)

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or of, premium, if any, or interest interest, if any, on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation of the Companycorporation, either directly or through the Company or any successor corporation of the Companycorporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.. 166 156

Appears in 1 contract

Samples: Indenture (Cooper Industries Inc)

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no 52 recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation of the Company, either directly or through the Company or any successor corporation of the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.

Appears in 1 contract

Samples: Indenture (Pxre Corp)

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Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premium, if any, or interest on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company Corporation in this Indenture or in any supplemental indenture, indenture or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company Corporation or of any successor corporation of the CompanyCorporation, either directly or through the Company Corporation or any successor corporation of the CompanyCorporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.

Appears in 1 contract

Samples: Indenture (Republic Bancorp Inc /Ky/)

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premiumof, and premium (if any, ) or interest on (if any) on, any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, indenture or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer officer, director or director, employee as such, past, present or future, of the Company or of any successor corporation of the Companycorporation, either directly or through the Company or any successor corporation of the Companycorporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.

Appears in 1 contract

Samples: Indenture (Coca-Cola Consolidated, Inc.)

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or of, premium, if any, or interest interest, if any, on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation of the Companycorporation, either directly or through the Company or any successor corporation of the Companycorporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.. 33

Appears in 1 contract

Samples: Indenture (McDonalds Corp)

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of or premiumof, premium (if any, ) or interest (if any) on any Debt Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, indenture or in any such Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer officer, director or director, employee as such, past, present or future, of the Company or of any successor corporation of the Companycorporation, either directly or through the Company or any successor corporation of the Companycorporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of the Debt Securities.

Appears in 1 contract

Samples: Indenture (Nucor Corp)

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