Common use of No Liability of Individual Officers, Directors or Trustees Clause in Contracts

No Liability of Individual Officers, Directors or Trustees. No recourse under or upon any obligation, covenant or agreement contained in this Agreement shall be had against any member, employee, director or officer, as such, past, present or future, of the Lender/Grantor, either directly or through the Finance Authority, or against any officer, employee, director or member of the Borrower/Grantee, past, present or future, as an individual so long as such individual was acting in good faith. Any and all personal liability of every nature, whether at common law or in equity, or by statute or by constitution or otherwise, of any such officer, employee, director or member of the Borrower/Grantee or of the Finance Authority is hereby expressly waived and released by the Borrower/Grantee and by the Finance Authority as a condition of and in consideration for the execution of this Agreement.

No Liability of Individual Officers, Directors or Trustees. No recourse under or upon any obligation, covenant or agreement contained in this Agreement shall be had against any member, employee, director or officer, as such, past, present or future, of the Lender/Grantor, either directly Finance Authority or through the Finance AuthorityCIB, or against any officer, employee, director or member of the Borrower/Grantee, past, present or future, as an individual so long as such individual was acting in good faith. Any and all personal liability of every nature, whether at common law or in equity, or by statute or by constitution or otherwise, of any such officer, employee, director or member of the Borrower/Grantee Grantee, the CIB or of the Finance Authority is hereby expressly waived and released by the Borrower/Grantee Grantee, the CIB and by the Finance Authority as a condition of and in consideration for the execution of this Agreement.

No Liability of Individual Officers, Directors or Trustees. No recourse under or upon any obligation, covenant or agreement contained in this Loan Agreement shall be had against any membermember of the governing board, officer or employee, director or officer, as such, past, present or future, of the Lender/GrantorDistrict or the State, either directly or through the Finance AuthorityDistrict, or against any officer, employee, director or member of the governing body or employee of the Borrower/Grantee, past, present or future, as an individual so long as such individual was acting in good faith. Any and all personal liability of every nature, whether at common law or in equity, or by statute or by constitution or otherwise, of any such officer, employee, director officer or member of the Borrower/Grantee governing body or employee of the Finance Authority District or the State or the Borrower is hereby expressly waived and released by the Borrower/Grantee Borrower and by the Finance Authority District as a condition of and in consideration for the execution of this Loan Agreement.

No Liability of Individual Officers, Directors or Trustees. No recourse under or upon any obligation, covenant or agreement contained in this Agreement shall be had against any member, employee, director or officer, as such, past, present or future, of the Lender/Grantor, either directly or through the Finance AuthorityNMFA, or against any officer, employee, director or member of the Borrower/Grantee, past, present or future, as an individual so long as such individual was acting in good faith. Any and all personal liability of every nature, whether at common law or in equity, or by statute or by constitution or otherwise, of any such officer, employee, director or member of the Borrower/Grantee or of the Finance Authority NMFA is hereby expressly waived and released by the Borrower/Grantee and by the Finance Authority NMFA as a condition of and in consideration for the execution of this Agreement.