Liability of the City. Whether or not the City elects to employ any or all remedies available to it on occurrence of an Event of Default, the City shall not be liable for the construction of or failure to construct or complete or protect the Improvements or for payment of any expense incurred in connection with the exercise of any remedy available to the City or for the construction or completion of the Improvements or for the performance or non-performance of any other obligation of the Borrower.
Appears in 44 contracts
Samples: Loan Agreement, Loan Agreement, Home Construction/Permanent Loan Agreement