Recourse to Directors or Officers Sample Clauses

Recourse to Directors or Officers. The obligations of the Secured Creditors under this Agreement are solely the corporate obligations of the Secured Creditors. No recourse shall be had for any obligation or claim arising out of or based upon this Agreement against any stockholder, employee, officer, or director of any of the Secured Creditors.
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Recourse to Directors or Officers. The obligations of Bank under this Agreement are solely the corporate obligations of Bank. No recourse shall be had for any obligation or claim arising out of or based upon this Agreement against any stockholder, employee, officer, or director of Bank.
Recourse to Directors or Officers. The obligations of Lender under this Guaranty are solely the corporate obligations of Lender. No recourse shall be had for any obligation or claim arising out of or based upon this Guaranty against any stockholder, employee, officer, or director of Lender.
Recourse to Directors or Officers. The obligations of Purchaser under this Agreement are solely the corporate obligations of Purchaser. No recourse shall be had for the payment of any amount owing in respect to this Agreement or for the payment of any fee hereunder or for any other obligation or claim arising out of or based upon this Agreement against any stockholder, employee, officer, director or incorporator of the Purchaser.
Recourse to Directors or Officers. The obligations of Agent, LC Issuer and the Lenders under this Agreement are solely the corporate obligations of Agent, LC Issuer and the Lenders. No recourse shall be had for the payment of any amount owing in respect to this Agreement or for the payment of any fee hereunder or for any other obligation or claim arising out of or based upon this Agreement against any stockholder, employee, officer, or director of Agent, LC Issuer and the Lenders.
Recourse to Directors or Officers. The obligations of Collateral Agent under this Agreement are solely the corporate obligations of Collateral Agent. No recourse shall be had for the payment of any amount owing in respect to this Agreement or for the payment of any fee hereunder or for any other obligation or claim arising out of or based upon this Agreement against any stockholder, employee, officer, or director of Collateral Agent.
Recourse to Directors or Officers. The obligations of the Secured Creditors, if any, under this Guaranty are solely the corporate obligations of the Secured Creditors. No recourse shall be had for any obligation or claim arising out of or based upon this Guaranty against any stockholder, employee, officer, or director of any Secured Creditor.
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Recourse to Directors or Officers. The obligations of each party under this Agreement are solely the corporate obligations of each party. No recourse shall be had for any obligation or claim arising out of or based upon this Agreement against any stockholder, employee, officer, or director of each party.
Recourse to Directors or Officers. Limited Recourse. The obligations of Purchaser under this Agreement are solely the obligations of Purchaser. No recourse shall be had for the payment of any amount owing in respect to this Agreement or for the payment of any fee hereunder or for any other obligation or claim arising out of or based upon this Agreement against any member of the Purchaser. The obligations of Seller under this Agreement are solely the corporate obligations of Seller. No recourse shall be had for the payment of any claim against Seller arising out of or based upon this Agreement against any stockholder of Seller. The parties hereto agree that Purchaser shall have no obligation to make any payments hereunder (collectively, "Purchaser Payments"), and that such Purchaser Payments shall not constitute a claim against the Purchaser as defined in ss.101 of the Bankruptcy Code, unless and until Purchaser has amounts sufficient to pay such Purchaser Payments and such amounts are not required to repay Commercial Paper Notes or loans to Purchaser funded by Commercial Paper Notes.
Recourse to Directors or Officers. The obligations of Bank under this Guaranty are solely the corporate obligations of Bank. No recourse shall be had for any obligation or claim arising out of or based upon this Guaranty against any stockholder, employee, officer, or director of Bank.
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