OBLIGATIONS AS CORPORATE OBLIGATIONS Sample Clauses

OBLIGATIONS AS CORPORATE OBLIGATIONS. 16.1 No recourse against shareholders and others

OBLIGATIONS AS CORPORATE OBLIGATIONS. 9.1 No Transaction Party which is a party to this Agreement shall have any recourse against nor shall any personal liability attach to any shareholder, officer, agent, employee or director of the Issuer in his capacity as such, by any proceedings or otherwise, in respect of any obligation, covenant, or agreement of the Issuer contained in this Agreement. 9.2 No Transaction Party which is a party to this Agreement, other than the Issuer, shall have any liability for the obligations of the Issuer and nothing in this Agreement shall constitute the giving of a guarantee, an indemnity or the assumption of a similar obligation by any of such other Transaction Parties in respect of the performance by the Issuer of its obligations.

OBLIGATIONS AS CORPORATE OBLIGATIONS. No party shall have any recourse against nor shall any personal liability attach to any shareholder, officer, agent, employee or director of the Issuer in his capacity as such, by any Proceedings or otherwise, in respect of any obligation, covenant, or agreement of the Issuer contained in this Agreement.

OBLIGATIONS AS CORPORATE OBLIGATIONS. 24.1 No recourse against shareholders and others

OBLIGATIONS AS CORPORATE OBLIGATIONS. (a) No Party shall have any recourse against nor shall any personal liability attach to any shareholder, officer, agent, employee or director of French FleetCo or the French Security Trustee in his capacity as such, by any Proceedings or otherwise, in respect of any obligation, covenant, or agreement of French FleetCo or the French Security Trustee contained in this Agreement. (b) The Parties, other than French FleetCo, shall not have any liability for the obligations of French FleetCo and nothing in this Agreement shall constitute the giving of a guarantee, an indemnity or the assumption of a similar obligation by any of such other Parties in respect of the performance by French FleetCo of its obligations. The provisions of this Sub-Clause 15.2 (Obligations as Corporate Obligations) shall survive the termination of this Agreement.

OBLIGATIONS AS CORPORATE OBLIGATIONS. 13.1 No recourse against shareholders and others No Party shall have any recourse against nor shall any personal liability attach to any shareholder, officer, agent, employee or director of Dutch FleetCo or German OpCo, in its capacity as such, by any proceedings or otherwise, in respect of any obligation, covenant, or agreement of Dutch FleetCo or German OpCo contained in this Agreement, provided that the aforementioned limitations shall not apply in respect of liabilities for damages caused intentionally or by gross negligence or wilful misconduct. 13.2 No liability for obligations of Dutch FleetCo The Parties, other than Dutch FleetCo, shall not have any liability for the obligations of Dutch FleetCo under the Relevant Transaction Documents solely by reason of this Agreement, and nothing in this Agreement shall constitute the giving of a guarantee, an indemnity or the assumption of a similar obligation by any of such other parties in respect of the performance by Dutch FleetCo of such obligations.

OBLIGATIONS AS CORPORATE OBLIGATIONS. 14.1 No party shall have any recourse against nor shall any personal liability attach to any shareholder, officer, agent, employee or director of the Issuer in his capacity as such, by any Proceedings or otherwise, in respect of any obligation, covenant, or agreement of the Issuer contained in this Agreement. 14.2 The obligations of the Corporate Services Provider under this Agreement and under the Deed of Charge and the obligations of the Companies under the Documents are solely the corporate obligations of the Corporate Services Provider and the Companies. No recourse shall be had in respect of any obligation or claim arising out of or based upon this Agreement or any of the Documents against any employee, officer or director of the Corporate Services Provider or the Companies.

OBLIGATIONS AS CORPORATE OBLIGATIONS. 7.1 The parties to this Agreement, other than the Loan Note Issuer, shall not have any liability for the obligations of the Loan Note Issuer under any Loan Note and nothing in the Agreement shall constitute the giving of a guarantee, indemnity or the assumption of a similar obligation by the parties to this Agreement in respect of the performance by the Loan Note Issuer of its obligations under any Loan Note.

OBLIGATIONS AS CORPORATE OBLIGATIONS. 8.1 No recourse against Shareholders and others Each of the Dealers shall not have any recourse against nor shall any personal liability attach to any shareholder, officer, employee, agent, secretary or director of the Issuer, HSBC, Loan Note Issuer No.1 and the Receivables Trustee in his capacity as such by any Proceedings or otherwise, by virtue of any statute or otherwise and any and all personal liability for breaches by the Issuer, HSBC, the Loan Note Issuer No.1 or the Receivables Trustee of any such obligations, covenants, or agreements, either at law or by statute or constitution, of every shareholder, officer, agent, secretary or director is hereby expressly waived by the Issuer, HSBC, the Loan Note Issuer No.1 or the Receivables Trustee and each of the Dealers as a condition of and consideration for the execution of this Agreement, provided that no such waiver of personal liability of any shareholder, officer, agent or director of the Issuer, HSBC, the Loan Note Issuer No.1 or the Receivables Trustee as referred to above shall apply where any liability or claim under this Agreement arises by reason of the fraud or wilful misconduct of the relevant shareholder, officer, agent, secretary or director of the Issuer, HSBC, the Loan Note Issuer No.1 or the Receivables Trustee. 8.2 No liability for Obligations of Issuer, HSBC, the Loan Note Issuer No.1 and the Receivables Trustee Each of the Dealers shall not have any liability for the Obligations of the Issuer, HSBC, Loan Note Issuer No.1 and the Receivables Trustee and nothing in this Agreement shall constitute the giving of a guarantee or indemnity or the assumption of a similar obligation by any of the Dealers in respect of the performance by the Issuer, HSBC, Loan Note Issuer No.1 and the Receivables Trustee of their Obligations under this Agreement.

OBLIGATIONS AS CORPORATE OBLIGATIONS. 25.1 No recourse against shareholders and others No party shall have any recourse against nor shall any personal liability attach to any shareholder, officer, agent, employee or director of Dutch FleetCo, the Spanish Servicer or the FleetCo Security Agent in its capacity as such, by any proceedings or otherwise, in respect of any obligation, covenant, or agreement of Dutch FleetCo, the Spanish Servicer or the FleetCo Security Agent contained in this Agreement. 25.2 No liability for Obligations of Dutch FleetCo The parties, other than Dutch FleetCo, shall not have any liability for the obligations of Dutch FleetCo under the Relevant Transaction Documents and nothing in this Agreement shall constitute the giving of a guarantee, an indemnity or the assumption of a similar obligation by any of such other parties in respect of the performance by Dutch FleetCo of such obligations.