Conflict of Interests; Representatives Not Individually Liable. No officer or employee of Lender may acquire any financial interest, direct or indirect, in this Agreement, the Equipment, or in any contract related to the Equipment. No officer, agent, or employee of Lender shall be personally liable to Borrower, or any successor in interest, in the event of any default or breach by Lender or for any amount which may become due to Borrower or on any obligation or term of this Agreement.
Appears in 6 contracts
Samples: Loan Agreement Minnesota Investment Fund, Security Agreement, Security Agreement
Conflict of Interests; Representatives Not Individually Liable. No officer or employee of Lender may acquire any financial interest, direct or indirect, in this Agreement, the EquipmentProject, or in any contract related to the EquipmentBorrower. No officer, agent, or employee of Lender shall be personally liable to Borrower, or any successor in interest, in the event of any default or breach by Lender or for any amount which may become due to Borrower or on any obligation or term of this Agreement.
Appears in 2 contracts
Samples: Security Agreement (Biovest International Inc), Security Agreement (Biovest International Inc)
Conflict of Interests; Representatives Not Individually Liable. No officer or employee of the Lender may acquire any financial interest, direct or indirect, in this Security Agreement, the Equipment, or in any contract related to the Equipment. No officer, agent, or employee of the Lender shall be personally liable to the Borrower, or any successor in interest, in the event of any default or breach by the Lender or for any amount which may become due to the Borrower or on any obligation or term of this Security Agreement.
Appears in 1 contract
Samples: Security Agreement
