Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of, 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 Debt Security or in any Guarantee, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, partner, member, manager, employee, agent, officer, trustee, director or subsidiary, as such, past, present or future, of the Company or any of the Company’s Subsidiaries or of any successor thereto, either directly or through the Company or any of the Company’s Subsidiaries or any successor thereto, 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.
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Samples: Indenture (RAIT Financial Trust), Indenture (Glimcher Realty Trust), Indenture (Glimcher Realty Trust)
Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of, premium, if any, or interest oninterest, 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 or any Guarantor in this Indenture or in any supplemental indenture indenture, or in any Debt Security or in any GuaranteeSecurity, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholderstockholder or other equity-interest owner, partner, member, manager, employee, agent, officer, trustee, director officer or subsidiarydirector, as such, past, present or future, of the Company or any of the Company’s Subsidiaries a Guarantor or of any successor theretoPerson, either directly or through the Company or any of the Company’s Subsidiaries a Guarantor or any successor theretoPerson, 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 3 contracts
Samples: Indenture (Cooper Industries, Ltd.), Indenture Agreement (Cooper Industries LTD), Indenture Agreement (Cooper Crouse-Hinds, LLC)
Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal ofof or premium, if any, or interest on, on any Debt Security, or for any claim based thereon or otherwise in respect thereof, thereof and no recourse under or upon any obligation, covenant or agreement of the Company or the Guarantor in this Indenture or in any supplemental indenture indenture, or in any such Debt Security or in any GuaranteeSecurity, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, partner, member, manager, employee, agentstockholder, officer, trusteedirector, director employee or subsidiaryagent, as such, past, present or future, of the Company or the Guarantor or any predecessor or successor corporation of the Company’s Subsidiaries Company or of any successor theretothe Guarantor, either directly or through the Company or any of the Company’s Subsidiaries Guarantor or any successor theretocorporation of the Company or the Guarantor, 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 issuance of the Debt Securities.,
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Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal ofof or premium, if any, or interest on, 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 or the Guarantor in this Indenture or in any supplemental indenture indenture, or in any such Debt Security or in any GuaranteeSecurity, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, partner, member, manager, employee, agentstockholder, officer, trusteedirector, director employee or subsidiaryagent, as such, past, present or future, of the Company or the Guarantor or any predecessor or successor corporation of the Company’s Subsidiaries Company or of any successor theretothe Guarantor, either directly or through the Company or any of the Company’s Subsidiaries Guarantor or any successor theretocorporation of the Company or the Guarantor, 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 issuance of the Debt Securities.
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Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment under or upon any obligation, covenant or agreement of the principal ofthis Indenture, any supplemental indenture, or interest on, of 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 Debt Security or in any Guarantee, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, partner, member, manager, employee, agentstockholder, officer, trustee, director or subsidiaryemployee, as such, past, present or future, of the Company or any of the Company’s Subsidiaries Subsidiary or of any predecessor or successor theretocorporation, either directly or through the Company or any of the Company’s Subsidiaries or any successor thereto, 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 obligations issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers, directors or employees, as such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture, or in any of the Debt Securities.Securities or implied thereby;
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Samples: Indenture (Johnson Controls Inc)