Common use of Indenture and Notes Solely Corporate Obligations Clause in Contracts

Indenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal of (including any Fundamental Change Repurchase Price) or accrued and unpaid interest and accrued and unpaid Additional Interest, if any, on any Note, nor 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 Note, nor because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer or director or Subsidiary, as such, past, present or future, of the Company or of any successor corporation or entity, either directly or through the Company or any successor corporation or entity, 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 issuance of the Notes.

Appears in 2 contracts

Samples: Indenture (Salix Pharmaceuticals LTD), Indenture (Salix Pharmaceuticals LTD)

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Indenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal of (including any Fundamental Change Repurchase Price) of, or accrued and unpaid interest and accrued and unpaid (including Additional Interest, if any) or Extension Fees or Additional Extension Fees, on if any, on, any Note, nor 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 Note, nor or because of the creation of any indebtedness Indebtedness represented thereby, shall be had against any past, present or future incorporator, stockholder, employee, agent, officer or director or Subsidiary, as such, past, present or future, Subsidiary of the Company as such or of any successor corporation or entitycorporation, either directly or through the Company or any successor corporation or entitycorporation, 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 issuance issue of the Notes.

Appears in 2 contracts

Samples: Cadence Design Systems Inc, Cadence Design Systems Inc

Indenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal of (including any Fundamental Change Repurchase Purchase Price) or accrued and unpaid interest and (including any accrued and unpaid Additional Interest, if any, ) on any Note, nor 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 Note, nor because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer or director or Subsidiary, as such, past, present or future, of the Company or of any successor corporation or entity, either directly or through the Company or any successor corporation or entity, 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 issuance of the Notes.

Appears in 1 contract

Samples: Indenture (Kaman Corp)

Indenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal of (including any Fundamental Change Repurchase Price) or premium, if any, or accrued and unpaid interest and accrued and unpaid Additional Interest, if any, on any Note, nor 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 Note, nor or because of the creation of any indebtedness represented thereby, shall be had against any past, present or future incorporator, stockholder, employee, agent, officer or director or Subsidiary, as such, past, present or future, Subsidiary of the Company as such or of any successor corporation or entitycorporation, either directly or through the Company or any successor corporation or entitycorporation, 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 issuance issue of the Notes.

Appears in 1 contract

Samples: Indenture (Maverick Tube Corporation)

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Indenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal and premium, if any, of (including any Fundamental Change Repurchase Price) or accrued and unpaid interest and accrued and unpaid Additional Intereston any Note, if any, on nor the payment or delivery of consideration due upon exchange of any Note, nor for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Parent, the Company or any Guarantor in this Indenture or in any supplemental indenture or in any Note, nor because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer Officer or director or Subsidiary, as such, past, present or future, of the Parent, the Company or any Guarantor or of any successor corporation or entitycorporation, either directly or through the Parent, the Company or any Guarantor or any successor corporation or entitycorporation, 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 issuance issue of the Notes.

Appears in 1 contract

Samples: Indenture (CompoSecure, Inc.)

Indenture and Notes Solely Corporate Obligations. No recourse for the payment of the principal of (including any Fundamental Change Repurchase Price) or premium, if any, or accrued and unpaid interest and any accrued and unpaid Extension Fee or Additional Interest, if any, on any Note, nor 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 Note, nor because of the creation of any indebtedness Indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer or director or Subsidiary, as such, past, present or future, of the Company or of any successor corporation or entity, either directly or through the Company or any successor corporation or entity, 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 issuance of the Notes.

Appears in 1 contract

Samples: Indenture (PSS World Medical Inc)

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