Corporate Obligations definition
Corporate Obligations has the meaning given to such term in Section 12.02(a) hereof.
Corporate Obligations. To the extent permitted by law, no recourse under any obligation, covenant, or agreement of any person contained in this Agreement shall be had against any shareholder, officer or director of such person as such, by the enforcement of any assessment or by any legal proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that this Agreement is a corporate obligation of each person expressed to be a party hereto and no personal liability shall attach to or be incurred by the shareholders, officers, agents or directors of such person as such, or any of them, under or by reason of any of the obligations, covenants or agreements of such person contained in this Agreement, or implied therefrom, and that any and all personal liability for breaches by such person of any of such obligations, covenants or agreements, either under any applicable law or by statute or constitution, of every such shareholder, officer, agent or director is hereby expressly waived by each person expressed to be a party hereto as a condition of and consideration for the execution of this Agreement.
Corporate Obligations means obligations of corporate issuers.
Examples of Corporate Obligations in a sentence
The Issuer shall pay and shall indemnify the Indenture Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or Corporate Obligations, or the principal and interest received on such U.S. Government Obligations or Corporate Obligations.
The Indenture Trustee shall hold in the Redemption/Defeasance Account money, U.S. Government Obligations or Corporate Obligations deposited with it pursuant to this Article XII.
It shall apply the deposited money and the money from U.S. Government Obligations or Corporate Obligations in accordance with this Master Indenture and the applicable Series Supplements to the payment of principal, premium, if any, and interest on the applicable Notes.
More Definitions of Corporate Obligations
Corporate Obligations means all liabilities related to Reassured's Business other than (a) Extracontractual Obligations and (b) claims payments, including loss adjustment expenses, and (c) other obligations for which a reserve has been transferred to Reinsurer. The date on which a Corporate Obligation is incurred by Reassured shall be deemed, in all circumstances, to be the date of the action taken or not taken giving rise to the obligation.
Corporate Obligations mean all liabilities related to the Business other than (a) Extracontractual Obligations, (b) claims payments, including loss adjustment expenses, and (c) other obligations for which a reserve has been established. The date on which a Corporate Obligation is incurred by the Company shall be deemed, in all circumstances, to be the date of the action taken or not taken giving rise to the Obligation.
Corporate Obligations means, as of the last day of the fiscal quarter ending immediately prior to or on, as applicable, the date of determination, the difference between (a) the sum of (i) the amount of all outstanding Indebtedness of the Corporation plus (ii) the aggregate Premium Base Value of all outstanding shares of Senior Preferred Stock plus (iii) the aggregate Accrued Dividends on all outstanding shares of Senior Preferred Stock plus (iv) the aggregate Liquidated Damages, if any, on all outstanding shares of Senior Preferred Stock, and (b) the Corporation's cash on hand as of such last day.
Corporate Obligations means Seller’s representations, warranties and covenants set forth in Sections 10(a)(i), (ii), (iii), (iv), (vii), (viii), (ix), (xii) and (xxiii) hereof and Buyer’s representations, warranties and covenants set forth in Section 12(a)-(f) hereof.