Common use of Limitation of Recourse Clause in Contracts

Limitation of Recourse. There shall be full recourse to the Borrower and to all of its assets for the liabilities of the Borrower under this Agreement and the other Financing Documents, and in no event shall any employee, officer, director, advisor, consultant, agent or representative of the Borrower or the Guarantors, be personally liable or obligated for such liabilities and obligations of the Borrower or the Guarantors, as the case may be. Nothing contained herein shall affect or diminish any rights of any Person against any other Person for such other Person’s fraud, willful misrepresentation, gross negligence or willful misconduct.

Appears in 6 contracts

Samples: Credit Agreement (Nii Holdings Inc), Credit Agreement (Nii Holdings Inc), Credit Agreement (Nii Holdings Inc)

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Limitation of Recourse. There shall be full recourse to the Borrower and to BFE Energy and to all of its such Borrower Affiliate Party’s assets for the liabilities of the Borrower under this Agreement and the other Financing DocumentsLoan Documents and other Obligations of any Borrower, and but in no event shall any employee, officer, director, advisor, consultant, agent director or representative holder of any equity interest in the Borrower or the Guarantors, be personally liable or obligated for such liabilities and obligations Obligations of the Borrower or the Guarantors, as the case may beBorrower. Nothing contained herein shall affect or diminish any rights of any Person against any other Person for such other Person’s fraud, willful misrepresentation, gross negligence or willful misconduct.

Appears in 1 contract

Samples: Loan Agreement (BioFuel Energy Corp.)

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