Common use of No Recourse; Special Obligation Clause in Contracts

No Recourse; Special Obligation. (A) The obligations and agreements of the Issuer contained herein and in the other Financing Documents and any other instrument or document executed in connection therewith, and any other instrument or document supplemental hereto or thereto, shall be deemed the obligations and agreements of the Issuer, and not of any member, officer, director, agent (other than the Company) or employee of the Issuer in his individual capacity, and the members, officers, directors, agents (other than the Company) and employees of the Issuer shall not be liable personally hereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.

Appears in 3 contracts

Samples: Trust Indenture (Angiodynamics Inc), Mechanical Technology Inc, Plug Power Inc

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No Recourse; Special Obligation. (Aa) The obligations and agreements of the Issuer Agency contained herein and in the other Financing Documents and any other instrument or document executed in connection therewithherewith, and any other instrument or document supplemental hereto thereto or theretohereto, shall be deemed the obligations and agreements of the IssuerAgency, and not of any memberdirector, officer, directoremployee, member, agent (other than the Company) or employee representative of the Issuer Agency in his individual capacity, and the membersdirectors, officers, directorsemployees, members, agents (other than the Company) and employees or representatives of the Issuer Agency shall not be liable personally hereon or thereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.

Appears in 2 contracts

Samples: Leaseback Agreement, www.sullivanida.com

No Recourse; Special Obligation. (A) The obligations and agreements of the Issuer contained herein and in the other Financing Documents and any other instrument or document executed in connection herewith or therewith, and any other instrument or document supplemental hereto thereto or theretohereto, shall be deemed the obligations and agreements of the Issuer, and not of any member, officer, director, agent (other than the Company) or employee of the Issuer in his individual capacity, and the members, officers, directors, agents (other than the Company) and employees of the Issuer shall not be liable personally hereon or thereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.

Appears in 1 contract

Samples: Installment Sale Agreement (Angiodynamics Inc)

No Recourse; Special Obligation. (Aa) The obligations and agreements of the Issuer Agency, if any, contained herein and in the other Financing Bank Documents and any other instrument or document executed in connection therewiththerewith or herewith, and any other instrument or document supplemental hereto thereto or theretohereto, shall be deemed the obligations and agreements of the IssuerAgency, and not of any member, officer, director, agent (other than the Company) or employee of the Issuer Agency in his individual capacity, and the members, officers, directors, agents (other than the Company) and employees of the Issuer Agency shall not be liable personally hereon or thereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.

Appears in 1 contract

Samples: Mechanical Technology Inc

No Recourse; Special Obligation. (Aa) The obligations and agreements of the Issuer Agency contained herein and in the other Financing Documents and any other instrument instrwnent or document executed in connection therewithherewith, and any other instrument or document supplemental hereto thereto or theretohereto, shall be deemed the obligations and agreements of the IssuerAgency, and not of any memberdirector, officer, directoremployee, member, agent (other than the Company) or employee representative of the Issuer Agency in his individual capacity, and the membersdirectors, officers, directorsemployees, members, agents (other than the Company) and employees or representatives of the Issuer Agency shall not be liable personally hereon or thereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.

Appears in 1 contract

Samples: Payment in Lieu of Taxation Agreement

No Recourse; Special Obligation. (Aa) · The obligations and agreements of the Issuer contained Agency contcUned herein and in the other Financing Documents and any other instrument or document executed in connection therewithherewith, and any other instrument or document supplemental hereto thereto or theretohereto, shall be deemed the obligations and agreements of the IssuerAgency, and not of any memberdirector, officer, directoremployee, member, agent . (other than the Company) or employee representative of the Issuer Agency in his individual capacity, and the membersdirectors, officers, directorsemployees, members, agents (other than the Company) and employees or representatives of the Issuer Agency shall not be liable personally hereon or thereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any orof m1y transaction contemplated hereby or thereby.

Appears in 1 contract

Samples: Paymentinlieu of Taxation Agreement

No Recourse; Special Obligation. (Aa) The obligations and agreements of the Issuer contained herein and in the other Financing Documents and any other instrument or document executed by the Issuer in connection therewithherewith, and any other instrument or document supplemental hereto thereto or theretohereto, shall be deemed the obligations and agreements of the Issuer, and not of any member, officer, director, agent (other than the Company) or employee of the Issuer in his or her individual capacity, and the members, officers, directors, agents (other than the Company) and employees of the Issuer shall not be liable personally hereon or thereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.

Appears in 1 contract

Samples: Loan Agreement

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No Recourse; Special Obligation. (A) The obligations and agreements of the Issuer contained herein and in the other Financing Documents and in any other instrument or document executed in connection herewith or therewith, and any other instrument or document supplemental hereto or thereto, shall be deemed the obligations and agreements of the Issuer, and not of any member, officer, director, agent (other than the Company) or employee of the Issuer in his individual capacity, and the members, officers, directors, agents (other than the Company) and employees of the Issuer shall not be liable personally hereon or thereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Angiodynamics Inc)

No Recourse; Special Obligation. (Aa) The obligations and agreements of the Issuer Agency contained herein and in the other Financing Documents and any any· other instrument or document executed in connection therewithherewith, and and�any other instrument or document supplemental hereto thereto or theretohereto, shall be deemed be: deemep the obligations and agreements of the IssuerAgency, and not of any memberdirector, officer, directorempioyee, member, agent (other than the Company) or employee representative of the Issuer Agency in his individual capacity, and the members, directors; officers, directorsemployees, members, agents (other than the Company) and employees or representatives of the Issuer Agency shall not be liable personally hereon or thereon or be subject to any personal liability or accountability ·based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.

Appears in 1 contract

Samples: Agent and Project Agreement

No Recourse; Special Obligation. (Aa) The obligations and agreements of the Issuer contained herein and in the other Financing Documents and any other instrument or document executed by the Issuer in connection therewithherewith, and any other instrument or document supplemental hereto thereto or theretohereto, shall be deemed the obligations and agreements of the Issuer, and not of any member, officer, director, agent (other than the Company) or employee of the Issuer in his or her individual capacity, and the members, officers, directors, agents (other than the Company) and employees of the Issuer shall not be liable personally hereon or thereon or be subject to any personal liability or accountability based upon or in respect hereof or thereof or of any transaction contemplated hereby or thereby.thereby.‌

Appears in 1 contract

Samples: Loan Agreement

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