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Common use of OBLIGATIONS AS CORPORATE OBLIGATIONS Clause in Contracts

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.

Appears in 10 contracts

Samples: Redelivery Repurchase Agreement, Redelivery Repurchase Agreement, Redelivery Repurchase Agreement

OBLIGATIONS AS CORPORATE OBLIGATIONS. 9.1 15.1 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 15.2 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.

Appears in 6 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

OBLIGATIONS AS CORPORATE OBLIGATIONS. 9.1 22.1 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 22.2 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.

Appears in 4 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement, Receivables Purchase Agreement

OBLIGATIONS AS CORPORATE OBLIGATIONS. 9.1 20.1 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 20.2 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.

Appears in 1 contract

Samples: Receivables Purchase Agreement