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, 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 or any Guarantor in this Indenture or in any supplemental indenture, or in any Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder or other equity-interest owner, officer or director, as such, past, present or future, of the Company or a Guarantor or of any successor Person, either directly or through the Company or a Guarantor or any successor Person, 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 2 contracts

Samples: Indenture (Cooper Crouse-Hinds, LLC), Indenture (Cooper Industries LTD)

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Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of, premium, if any, or interest, if any, on any Debt SecuritySecurity or any Coupon appertaining thereto, 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, or in any Debt SecuritySecurity or Coupon, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder or other equity-interest ownerstockholder, officer or director, as such, past, present or future, of the Company or a Guarantor or of any successor Personcorporation, either directly or through the Company or a Guarantor or any successor Personcorporation, 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 FIFTEENSecurities and Coupons appertaining thereto.

Appears in 1 contract

Samples: General Electric Capital Corp

Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of, 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 or any Guarantor in this Indenture or in any supplemental indenture, or in any Debt Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder or other equity-interest owner, officer or director, as such, past, present or future, of the Company or a Guarantor or of any successor Person, either directly or through the Company or a Guarantor or any successor Person, 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 FIFTEENFIFTEEN MISCELLANEOUS PROVISIONS

Appears in 1 contract

Samples: Indenture (Cooper Industries, Ltd.)

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Indenture and Debt Securities Solely Corporate Obligations. No recourse for the payment of the principal of, of or premium, if any, or interest, if any, interest 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 any the Guarantor 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 stockholder, officer, director, employee or other equity-interest owner, officer or directoragent, as such, past, present or future, of the Company or a the Guarantor or any predecessor or successor corporation of any successor Personthe Company or the Guarantor, either directly or through the Company or a the Guarantor or any successor Personcorporation 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. ARTICLE FIFTEEN,

Appears in 1 contract

Samples: Kingsway Financial Services Inc

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