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

Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of, premium, if any, or interest on any Securities, 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 Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, employee, agent, officer, director or subsidiary, as such, past, present or future, of the Company or of any successor entity, either directly or through the Company or any successor 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 Securities.

Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of, premiumof or interest (including Compounded Interest and Additional Sums, if any, or interest ) on any SecuritiesSecurity, 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 Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholderstockholder, employee, agent, officer, director officer or subsidiarydirector, as such, past, present or future, of the Company Corporation or of any successor entityPerson to the Corporation, either directly or through the Company Corporation or any successor entityPerson to the Corporation, whether by virtue of any constitution, statute, 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 Securities.