Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes or the Policies, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 13 contracts
Samples: Insurance Agreement (Capital One Auto Finance Trust 2005-A), Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Finance Trust 2007-C)
Limited Liability. No recourse under any Transaction Document Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsAgreements, the Notes Notes, the Certificates or the Policies, it being expressly agreed and understood that each Transaction Document Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at in common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 7 contracts
Samples: Indemnity and Pledge Agreement (WFS Financial Auto Loans Inc), Indemnity and Pledge Agreement (WFS Financial 1997-a Owners Trust), Indemnity and Pledge Agreement (WFS Financial Auto Loans Inc)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of the Insurer or any other party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, Documents (including the Class A Notes or and the PoliciesAmbac Policy), it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 7 contracts
Samples: Insurance and Indemnity Agreement (UPFC Auto Receivables Trust 2007-B), Insurance and Indemnity Agreement (UPFC Auto Receivables Trust 2006-B), Insurance and Indemnity Agreement (United Pan Am Financial Corp)
Limited Liability. No recourse under any Transaction Document Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsAgreements, the Notes Notes, the Certificates or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at in common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 7 contracts
Samples: Indemnity and Pledge Agreement (WFS Receivables Corp), Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp), Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp 2)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 6 contracts
Samples: Insurance Agreement (Keycorp Student Loan Trust 2000-A), Insurance Agreement (Keycorp Student Loan Trust 2003-A), Insurance Agreement (Keycorp Student Loan Trust 2002-A)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 6 contracts
Samples: Insurance and Indemnity Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2007-H1), Insurance and Indemnity Agreement (Prudential Securities Secured Financing Corp), Insurance and Indemnity Agreement (Equivantage Acceptance Corp)
Limited Liability. No recourse under any Transaction Document Operative Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsOperative Agreements, the Notes Certificates or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document Operative Agreement is solely a corporate an obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document Operative Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 4 contracts
Samples: Insurance and Indemnity Agreement (Jetblue Airways Corp), Insurance and Indemnity Agreement (Amtran Inc), Insurance and Indemnity Agreement (America West Airlines Inc)
Limited Liability. No recourse under any Transaction Loan Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate partner, affiliate, shareholder or shareholder agent of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Loan Documents, the Notes or the Policies, it being expressly agreed and understood that each Transaction Loan Document is solely a corporate or limited liability entity obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate partner, affiliate, shareholder or shareholder agent for breaches by any party hereto of any obligations obligation under any Transaction Loan Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Pledge Agreement.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Value Partners LTD /Tx/), Pledge and Security Agreement (Altiva Financial Corp), Pledge and Security Agreement (Altiva Financial Corp)
Limited Liability. No recourse under any Transaction Company Document or the Underwriting Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsCompany Documents or the Underwriting Agreement, the Notes or the Policies, it being expressly agreed and understood that each Transaction Company Document or the Underwriting Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Company Document or the Underwriting Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 3 contracts
Samples: Insurance and Indemnity Agreement (Ikon Receivables LLC), Insurance and Indemnity Agreement (Ikon Receivables LLC), Insurance and Indemnity Agreement (Ikon Receivables Funding LLC)
Limited Liability. No recourse under any Transaction Company Document or the Underwriting Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsCompany Documents or the Underwriting Agreement, the Notes or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Company Document or the Underwriting Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Company Document or the Underwriting Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 3 contracts
Samples: Insurance and Indemnity Agreement (Ikon Receivables Funding LLC), Insurance and Indemnity Agreement (Residential Asset Funding Corp), Insurance and Indemnity Agreement (Ikon Receivables LLC)
Limited Liability. (a) No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 3 contracts
Samples: Insurance and Indemnity Agreement (Americredit Automobile Receivables Trust 2005-C-F), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F), Insurance and Indemnity Agreement (AFS Funding Trust)
Limited Liability. (a) No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesNotes Policy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 3 contracts
Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F), Insurance and Indemnity Agreement (AFS SenSub Corp.)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of the Insurer or any other party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, Documents (including the Notes or and the PoliciesAmbac Policy), it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A), Insurance and Indemnity Agreement (Americredit Automobile Receivable Trust 2005-D-A)
Limited Liability. No recourse under any Transaction Operative Document or the Underwriting Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsOperative Documents or the Underwriting Agreement, the Notes Certificates or the PoliciesCertificate Insurance Policy, it being expressly agreed and understood that each Transaction Operative Document or the Underwriting Agreement is solely a corporate obligation of each party heretothereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto thereto of any obligations under any Transaction Operative Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D), Insurance and Indemnity Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B)
Limited Liability. No recourse under any Transaction Document or the Policy shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Documents or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document and each Policy is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document or the Policy is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A), Insurance and Indemnity Agreement (Origen Residential Securities, Inc.)
Limited Liability. No recourse under any Transaction Operative Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Operative Documents or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Operative Document is solely a corporate obligation of each party heretothereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto thereto of any obligations under any Transaction Operative Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H1), Insurance and Indemnity Agreement (Indymac MBS Inc)
Limited Liability. No recourse under any Transaction Document this Insurance Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate affiliate, member or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes this Insurance Agreement or the Policieseither Policy, it being expressly agreed and understood that each Transaction Document this Insurance Agreement is solely a corporate or limited liability company obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate affiliate, shareholder or shareholder member for breaches by any party hereto of any obligations under any Transaction Document this Insurance Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance Agreement (Hertz Corp), Insurance Agreement (Hertz Corp)
Limited Liability. No recourse under any Transaction Basic Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Basic Documents, the Notes or the PoliciesNote Guaranty Insurance Policy, it being expressly agreed and understood that each Transaction Basic Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Basic Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance and Indemnity Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (National Collegiate Student Loan Trust 2007-4), Insurance and Indemnity Agreement (National Collegiate Student Loan Trust 2007-3)
Limited Liability. No recourse under any Transaction Document Operative Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsOperative Agreements, the Notes Certificates or the Policieseither Policy, it being expressly agreed and understood that each Transaction Document Operative Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document Operative Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (Jetblue Airways Corp), Insurance and Indemnity Agreement (Jetblue Airways Corp)
Limited Liability. No recourse under any Transaction Document Operative Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsOperative Agreements, the Notes Certificates or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document Operative Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document Operative Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (American Airlines Inc), Insurance and Indemnity Agreement (America West Airlines Inc)
Limited Liability. (a) No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate affiliate, trustee or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Obligations or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance Agreement (UPFC Auto Receivables Trust 2007-A), Insurance Agreement (UPFC Auto Receivables Trust 2006-A)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate Affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate Affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (National Auto Finance Co Inc), Insurance and Indemnity Agreement (National Auto Finance Co Inc)
Limited Liability. (a) No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesNotes Policy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2010-B), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2010-A)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of the Insurer or any other party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, Documents (including the Class A Notes or and the PoliciesFSA Policy), it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (Triad Automobile Receivables Trust 2006-B), Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC)
Limited Liability. No recourse under any Transaction Basic Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Basic Documents, the Notes or the PoliciesAmbac Policy, it being expressly agreed and understood that each Transaction Basic Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Basic Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (Alliance Laundry Systems LLC), Insurance and Indemnity Agreement (Alliance Laundry Corp)
Limited Liability. No recourse under any Transaction Document Facility Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate member, affiliate, beneficial owner, trustee or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes or the PoliciesFacility Agreements, it being expressly agreed and understood that each Transaction Document Facility Agreement is solely a corporate or trust obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate member, affiliate, beneficial owner, trustee or shareholder for breaches by any party hereto of any obligations under any Transaction Document Facility Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Firstcity Financial Corp), Warehouse Credit Agreement (Firstcity Financial Corp)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or 58 shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Obligations or the Policies, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-1)
Limited Liability. No recourse under any Transaction Basic Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Basic Documents, the Class A Notes or the PoliciesAmbac Policy, it being expressly agreed and understood that each Transaction Basic Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Basic Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Alliance Laundry Holdings LLC)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate affiliate, trustee or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Note or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Limited Liability. No recourse under any Transaction Related Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Related Documents, the Notes Series 2002-1 Notes, the Certificates or the Policies, it being expressly agreed and understood that each Transaction Related Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Related Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Universal Compression Inc)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate Affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesNote Policy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate Affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Financial Pacific Co)
Limited Liability. No recourse under any Transaction Operative Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Operative Documents, the Notes Certificates or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Operative Document is solely a corporate an obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Operative Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Continental Airlines Inc /De/)
Limited Liability. No recourse under any Transaction Document Related Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate member, beneficial owner or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsRelated Agreements, the Notes or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document Related Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document Related Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Security Capital Assurance LTD)
Limited Liability. No recourse under any Transaction Loan Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Loan Documents, the Notes or the Policies, it being expressly agreed and understood that each Transaction Loan Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations obligation under any Transaction Loan Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Pledge Agreement.
Appears in 1 contract
Limited Liability. No recourse under any Transaction ----------------- Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (United Panam Financial Corp)
Limited Liability. No recourse under any Transaction Operative Document or the Underwriting Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsOperative Documents or the Underwriting Agreement, the Notes Certificates or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Operative Document or the Underwriting Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Operative Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or 57 shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Obligations or the Policies, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-3)
Limited Liability. No recourse hereunder or under any Transaction Document other Facility Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate member, affiliate, beneficial owner, trustee or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes or the PoliciesFacility Agreements, it being expressly agreed and understood that each Transaction Document Facility Agreement is solely a corporate or trust obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate member, affiliate, beneficial owner, trustee or shareholder for breaches by any party hereto of any obligations under any Transaction Document Facility Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance AgreementCommitment.
Appears in 1 contract
Samples: Firstcity Financial Corp
Limited Liability. No recourse under any Transaction Operative Document or the Underwriting Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsOperative Documents or the Underwriting Agreement, the Notes Certificates or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Operative Document or the Underwriting Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Operative Document or the Underwriting Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Equity One Abs Inc)
Limited Liability. No recourse under any Transaction Document Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsAgreements, the Notes Notes, the Certificates or the Policies, it being expressly agreed and understood that each Transaction Document Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at in common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.of
Appears in 1 contract
Samples: Indemnity and Pledge Agreement (WFS Financial 1998 a Owner Trust)
Limited Liability. (a) No recourse under any Transaction Document or the Policy shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Documents or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document and the Policy is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document or the Policy is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Indymac MBS Inc)
Limited Liability. (a) No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Obligations or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Bear Stearns Asset Backed Securities Inc)
Limited Liability. No recourse under any Transaction Document Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsAgreements, the Notes Notes, the Certificates or the Policies, it being expressly agreed and understood that each Transaction Document Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at in common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document Agreement is hereby expressly waived as a condition of 62 67 and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Indemnity and Pledge Agreement (WFS Financial Auto Loans Inc)
Limited Liability. No recourse under any Transaction Related Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Related Documents, the Notes Securities or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Related Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.any
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Aames Capital Corp)
Limited Liability. No recourse under any Transaction Document Significant Documents shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Significant Documents, the Notes or the Policies, it being expressly agreed and understood that each Transaction Significant Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Significant Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Standby Agreement.
Appears in 1 contract
Limited Liability. No recourse under any Transaction Document Operative Agreement or the Policy shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsOperative Agreements, the Notes Certificates or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document Operative Agreement is solely a corporate an obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document Operative Agreement is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (American Airlines Inc)
Limited Liability. No recourse under this Insurance Agreement, the Policy or any Transaction other Operative Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Operative Documents, the Notes or the Policies, it being expressly agreed and understood that this Insurance Agreement and each Transaction other Operative Document is solely a corporate obligation of each party thereto and hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Operative Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance AgreementAgreement and the issuance of the Policy hereunder.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (American Business Financial Services Inc /De/)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate affiliate, trustee or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Note or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate affiliate, trustee or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Limited Liability. No recourse under any Transaction Operative Document or the Policy shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Operative Documents or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Operative Document and the Policy is solely a corporate obligation of each party heretothereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Operative Document or the Policy is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Marvel Enterprises Inc)
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate affiliate, trustee or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Obligations or the PoliciesNote Policy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Limited Liability. No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Securities or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party heretothereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Limited Liability. No recourse under any Transaction Operative Document or the Underwriting Agreement shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction DocumentsOperative Documents or the Underwriting Agreement, the Notes or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Operative Document or the Underwriting Agreement is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Operative Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Greenpoint Mortgage Funding Trust 2006-He1)
Limited Liability. (a) No recourse under any Transaction Document shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Certificates or the PoliciesPolicy, it being expressly agreed and understood that each Transaction Document is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by any party hereto of any obligations under any Transaction Document is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Conseco Finance Corp)
Limited Liability. (a) No recourse under any Transaction Document or the Note Policy shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes Documents or the PoliciesNote Policy, it being expressly agreed and understood that each Transaction Document and the Note Policy is solely a corporate obligation of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document or the Note Policy is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Indymac Abs Inc)
Limited Liability. No recourse under any Transaction Document hereunder shall be had against, and no personal liability shall attach to, any officer, employee, director, affiliate or shareholder of any party hereto, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise in respect of any of the Transaction Documents, the Notes this Insurance Agreement or the PoliciesCertificate Insurance Policy, it being expressly agreed and understood that each Transaction Document is this Insurance Agreement and the Certificate Insurance Policy are solely a corporate obligation obligations of each party hereto, and that any and all personal liability, either at common law or in equity, or by statute or constitution, of every such officer, employee, director, affiliate or shareholder for breaches by of any party hereto of any obligations under any Transaction Document hereunder is hereby expressly waived as a condition of and in consideration for the execution and delivery of this Insurance Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)