Grantor’s Liability. The Grantor’s liability is limited pursuant to the terms of the Note. In the event of a default under the Note, the Grantor shall be personally liable solely for the Limited Recourse Amount as defined in the Note, subject to the terms and limitations contained in the Note..
Appears in 4 contracts
Samples: Asset Purchase Agreement (Standard Gold), Deed of Trust and Security Agreement (Standard Gold), Deed of Trust and Security Agreement (Wits Basin Precious Minerals Inc)