Common use of Extent of Covenants of the Issuer; No Personal Liability Clause in Contracts

Extent of Covenants of the Issuer; No Personal Liability. No recourse shall‌ be had for the payment of the principal of or interest on any of the Series 2019 Bonds or for any claim based thereon or upon any obligation, covenant or agreement contained in the Series 2019 Bonds or this Loan Agreement against any past, present or future member, director, officer, agent, attorney or employee of the Issuer, or any incorporator, member, director, officer, employee, agent, attorney or trustee of any successor thereto, as such, either directly or through the Issuer or any successor thereto, under any rule of law or equity, statute or constitution or by the enforcement of any assessment or penalty or otherwise, and all such liability of any such incorporator, member, director, officer, employee, agent, attorney or trustee as such is hereby expressly waived and released as a condition of and consideration for the execution of this Loan Agreement (and any other agreement entered into by the Issuer with respect thereto) and the issuance of the Series 2019 Bonds.

Extent of Covenants of the Issuer; No Personal Liability. No recourse shall‌ shall be had for the payment of the principal of or interest on any of the Series 2019 Bonds or for any claim based thereon or upon any obligation, covenant or agreement contained in the Series 2019 Bonds or this Loan Financing Agreement against any past, present or future member, director, officer, agent, attorney or employee of the Issuer, or any incorporator, member, director, officer, employee, agent, attorney or trustee of any successor thereto, as such, either directly or through the Issuer or any successor thereto, under any rule of law or equity, statute or constitution or by the enforcement of any assessment or penalty or otherwise, and all such liability of any such incorporator, member, director, officer, employee, agent, attorney or trustee as such is hereby expressly waived and released as a condition of and consideration for the execution of the this Loan Financing Agreement (and any other agreement entered into by the Issuer with respect thereto) and the issuance of the Series 2019 Bonds.