Other Matters as to the Issuer. (a) Limitation on Liability of Directors, Officers, or Employees of the Issuer. The directors, officers, or employees of the Issuer shall not be under any liability to the Trustee, the Noteholders, the Issuer, the Servicer or any other Person hereunder or pursuant to any document delivered hereunder, it being expressly understood that all such liability is expressly waived and released as a condition of, and as consideration for, the execution of this Indenture and the issuance of the Notes.
Appears in 3 contracts
Samples: Indenture (Trendwest Resorts Inc), Indenture (Sunrise Resources Inc\mn), Indenture (Trendwest Resorts Inc)
Other Matters as to the Issuer. (a) Limitation on Liability of Directors, Officers, or Employees of the Issuer. The directors, officers, or employees of the Issuer shall not be under any liability to the Trust, the Bond Insurer, the Indenture Trustee, the Noteholders, the IssuerCompany, the Servicer, the Back-up Servicer or any other Person hereunder or pursuant to any document delivered hereunder, it being expressly understood that all such liability is expressly waived and released as a condition of, and as consideration for, the execution of this the Indenture and the issuance of the Notes.
Appears in 1 contract
Samples: Indenture (T&w Financial Corp)
Other Matters as to the Issuer. (a) Limitation on Liability of Directors, Officers, or Employees of the Issuer. The directors, officers, or employees of the Issuer shall not be under any liability to the Trustee, the Noteholders, the Issuer, the Servicer or any other Person hereunder or pursuant to any document delivered hereunder, it being expressly understood that all such liability is expressly waived and released as a condition of, and as consideration for, the execution of this Indenture and the issuance of the each Series of Notes.
Appears in 1 contract
Samples: Indenture (Trendwest Resorts Inc)