{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [4, 44]}, {"key": "agreement-or", "type": "definition", "offset": [63, 75]}, {"key": "other-loan-documents", "type": "clause", "offset": [90, 110]}, {"key": "the-last-sentence", "type": "clause", "offset": [127, 144]}, {"key": "obligations-of-the-company", "type": "clause", "offset": [305, 331]}, {"key": "constituent-partner", "type": "definition", "offset": [407, 426]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [457, 483]}, {"key": "the-subsidiary-guarantors", "type": "definition", "offset": [524, 549]}, {"key": "subsidiaries-guaranty", "type": "clause", "offset": [560, 581]}, {"key": "liability-of-the-company", "type": "clause", "offset": [589, 613]}, {"key": "the-company-guaranty", "type": "clause", "offset": [620, 640]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [646, 675]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [724, 764]}, {"key": "the-general-partner", "type": "definition", "offset": [813, 832]}, {"key": "to-the-extent", "type": "clause", "offset": [849, 862]}, {"key": "any-loss", "type": "definition", "offset": [891, 899]}, {"key": "expense-or-liability", "type": "clause", "offset": [915, 935]}, {"key": "unlawful-act", "type": "definition", "offset": [1016, 1028]}, {"key": "funds-by", "type": "definition", "offset": [1081, 1089]}, {"key": "the-loan-documents", "type": "clause", "offset": [1133, 1151]}], "size": 9, "samples": [{"hash": "YYFi0RGHTs", "uri": "/contracts/YYFi0RGHTs#limitations-on-recourse", "label": "Credit Agreement (Host Hotels & Resorts L.P.)", "score": 36.8494186401, "published": true}, {"hash": "lwuia0oZcVy", "uri": "/contracts/lwuia0oZcVy#limitations-on-recourse", "label": "Credit Agreement (Host Hotels & Resorts L.P.)", "score": 34.0102653503, "published": true}, {"hash": "f8Setm83fKf", "uri": "/contracts/f8Setm83fKf#limitations-on-recourse", "label": "Credit Agreement (Host Hotels & Resorts L.P.)", "score": 32.1101989746, "published": true}], "snippet": "(a) Notwithstanding anything to the contrary set forth in this Agreement or in any of the other Loan Documents, but subject to the last sentence of this Section 10.21(a) and clause (b) of this Section 10.21, the Company\u2019s Obligations hereunder and under the other Loan Documents shall be limited recourse obligations of the Company, enforceable against the Company (and its assets) only and not against any constituent partner in the Company. 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Nothing in this Section shall be interpreted so as to limit the terms of Section 6.1 or 6.", "hash": "294d7a9a230d45e8f27805f867ddc476", "id": 7}, {"snippet_links": [{"key": "qualifications-of", "type": "clause", "offset": [30, 47]}, {"key": "this-article", "type": "definition", "offset": [48, 60]}, {"key": "the-borrowers", "type": "definition", "offset": [119, 132]}, {"key": "contained-in", "type": "definition", "offset": [193, 205]}, {"key": "the-note", "type": "clause", "offset": [206, 214]}, {"key": "this-loan-agreement", "type": "definition", "offset": [216, 235]}, {"key": "the-mortgages", "type": "clause", "offset": [237, 250]}, {"key": "action-or-proceeding", "type": "clause", "offset": [285, 305]}, {"key": "money-judgment", "type": "clause", "offset": [316, 330]}, {"key": "lender-may", "type": "definition", "offset": [378, 388]}, {"key": "foreclosure-action", "type": "definition", "offset": [397, 415]}, {"key": "specific-performance", "type": "definition", "offset": [431, 451]}, {"key": "appropriate-action", "type": "definition", "offset": [465, 483]}, {"key": "other-loan-documents", "type": "clause", "offset": [615, 635]}, {"key": "the-properties", "type": "definition", "offset": [643, 657]}, {"key": "other-collateral", "type": "definition", "offset": [677, 693]}, {"key": "pursuant-to-the-loan-documents", "type": "clause", "offset": [694, 724]}, {"key": "except-as-specifically", "type": "clause", "offset": [751, 773]}, {"key": "to-the-extent", "type": "clause", "offset": [881, 894]}, {"key": "by-accepting", "type": "clause", "offset": [987, 999]}, {"key": "monetary-judgment", "type": "clause", "offset": [1113, 1130]}, {"key": "in-connection-with", "type": "clause", "offset": [1219, 1237]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [1311, 1351]}, {"key": "section-121", "type": "clause", "offset": [1443, 1455]}, {"key": "provisions-of-the", "type": "clause", "offset": [1470, 1487]}, {"key": "waiver-of", "type": "clause", "offset": [1540, 1549]}, {"key": "bankruptcy-code", "type": "definition", "offset": [1652, 1667]}, {"key": "file-a-claim", "type": "clause", "offset": [1671, 1683]}, {"key": "the-obligations-secured", "type": "clause", "offset": [1707, 1730]}, {"key": "collateral-shall", "type": "definition", "offset": [1771, 1787]}, {"key": "to-secure", "type": "clause", "offset": [1797, 1806]}, {"key": "obligations-owing", "type": "clause", "offset": [1818, 1835]}, {"key": "to-lender", "type": "clause", "offset": [1836, 1845]}, {"key": "in-accordance-with", "type": "definition", "offset": [1846, 1864]}, {"key": "right-of-lender", "type": "clause", "offset": [2016, 2031]}, {"key": "a-party", "type": "clause", "offset": [2056, 2063]}, {"key": "in-any-action", "type": "clause", "offset": [2074, 2087]}, {"key": "foreclosure-and-sale", "type": "clause", "offset": [2100, 2120]}, {"key": "appointment-of-a-receiver", "type": "clause", "offset": [2218, 2243]}, {"key": "enforcement-of", "type": "clause", "offset": [2260, 2274]}, {"key": "assignments-of-leases", "type": "definition", "offset": [2286, 2307]}, {"key": "prohibition-against", "type": "clause", "offset": [2329, 2348]}, {"key": "deficiency-judgment", "type": "definition", "offset": [2366, 2385]}, {"key": "in-order-to", "type": "clause", "offset": [2404, 2415]}, {"key": "the-security", "type": "clause", "offset": [2430, 2442]}, {"key": "granted-by", "type": "definition", "offset": [2443, 2453]}, {"key": "to-exercise", "type": "clause", "offset": [2571, 2582]}], "size": 50, "samples": [{"hash": "jzDgmJwWoFZ", "uri": "/contracts/jzDgmJwWoFZ#limitations-on-recourse", "label": "Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)", "score": 21.3750858307, "published": true}, {"hash": "c75KNTAqOF1", "uri": "/contracts/c75KNTAqOF1#limitations-on-recourse", "label": "Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)", "score": 21.0, "published": true}], "snippet": "Subject to the provisions and qualifications of this Article, Lender shall not enforce the liability and obligation of the Borrowers to perform and observe any of their obligations that may be contained in the Note, this Loan Agreement, the Mortgages or any other Loan Document by any action or proceeding wherein a money judgment shall be sought against Borrowers, except that Lender may bring a foreclosure action, an action for specific performance or any other appropriate action or proceeding to enable Lender to enforce and realize upon its interest under the Note, this Loan Agreement, the Mortgages and the other Loan Documents, or in the Properties, the Rents, or any other Collateral pursuant to the Loan Documents; provided, however, that, except as specifically provided herein, any judgment in any such action or proceeding shall be enforceable against Borrowers only to the extent of Borrowers\u2019 interest in the Properties, in the Rents and in any other Collateral. Lender, by accepting the Note, this Loan Agreement, the Mortgages and the other Loan Documents, shall not s\u2587\u2587 for, seek or demand any monetary judgment against any Borrower in any such action or proceeding under or by reason of or under or in connection with the Note, this Loan Agreement, the Mortgage or the other Loan Documents. Notwithstanding anything to the contrary in this Loan Agreement, the Mortgages or any of the Loan Documents, the provisions of this Section 12.1 and the other provisions of the Loan Documents shall not, however: (a) constitute a waiver of any right which Lender may have under Sections 506(a), 506(b), 1111(b) or any other provisions of the Bankruptcy Code to file a claim for the full amount of the Obligations secured by the Mortgages or to require that all Collateral shall continue to secure all of the Obligations owing to Lender in accordance with the Loan Documents; (b) constitute a waiver, release or impairment of any obligation evidenced or secured by any of the Loan Documents; (c) impair the right of Lender to name any Borrower as a party defendant in any action or suit for foreclosure and sale under any of the Mortgages or other Loan Documents; (d) impair the right of Lender to obtain the appointment of a receiver; (e) impair the enforcement of any of the Assignments of Leases; or (f) constitute a prohibition against Lender to seek a deficiency judgment against Borrowers in order to fully realize the security granted by the Mortgages and other Loan Documents or to commence any other appropriate action or proceeding in order for Lender to exercise its remedies against the Properties or any other Collateral.", "hash": "605c6b8e54f38c443b40169d9f7808a7", "id": 1}, {"snippet_links": [{"key": "in-this-lease", "type": "clause", "offset": [35, 48]}, {"key": "agrees-to", "type": "clause", "offset": [73, 82]}, {"key": "to-lessor", "type": "definition", "offset": [95, 104]}, {"key": "and-interest", "type": "clause", "offset": [114, 126]}, {"key": "the-agent", "type": "clause", "offset": [172, 181]}, {"key": "the-lenders", "type": "clause", "offset": [183, 194]}, {"key": "the-holders", "type": "clause", "offset": [196, 207]}, {"key": "payment-of-money", "type": "clause", "offset": [281, 297]}, {"key": "by-lessor", "type": "definition", "offset": [298, 307]}, {"key": "in-the-event-of", "type": "definition", "offset": [308, 323]}, {"key": "no-other-property", "type": "clause", "offset": [349, 366]}, {"key": "direct-or-indirect", "type": "clause", "offset": [425, 443]}, {"key": "affiliate-of", "type": "definition", "offset": [511, 523]}, {"key": "the-foregoing", "type": "definition", "offset": [531, 544]}, {"key": "subject-to", "type": "clause", "offset": [554, 564]}, {"key": "procedure-for-the", "type": "clause", "offset": [602, 619]}, {"key": "satisfaction-of", "type": "clause", "offset": [620, 635]}, {"key": "remedies-of-lessee", "type": "clause", "offset": [640, 658]}, {"key": "with-respect-to", "type": "clause", "offset": [668, 683]}, {"key": "relationship-of-lessor-and-lessee", "type": "clause", "offset": [700, 733]}, {"key": "use-of-the-properties", "type": "clause", "offset": [756, 777]}, {"key": "liability-of-lessor", "type": "clause", "offset": [791, 810]}, {"key": "to-lessee", "type": "definition", "offset": [811, 820]}, {"key": "nothing-in-this-section", "type": "clause", "offset": [822, 845]}, {"key": "terms-of", "type": "clause", "offset": [886, 894]}, {"key": "section-129", "type": "clause", "offset": [936, 948]}, {"key": "the-participation-agreement", "type": "clause", "offset": [952, 979]}], "size": 27, "samples": [{"hash": "bTFqSbxz7Gz", "uri": "/contracts/bTFqSbxz7Gz#limitations-on-recourse", "label": "Participation Agreement (Lexicon Genetics Inc/Tx)", "score": 18.0, "published": true}, {"hash": "3gFpFN26ee8", "uri": "/contracts/3gFpFN26ee8#limitations-on-recourse", "label": "Participation Agreement (Franklin Resources Inc)", "score": 18.0, "published": true}, {"hash": "34w1PvgTIny", "uri": "/contracts/34w1PvgTIny#limitations-on-recourse", "label": "Participation Agreement (Correctional Services Corp)", "score": 18.0, "published": true}], "snippet": "Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's estate and interest in the Properties (and in no circumstance to the Agent, the Lenders, the Holders or otherwise to Lessor) for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, owner or partner (direct or indirect) in or of Lessor, or any director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's use of the Properties or any other liability of Lessor to Lessee. 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provided, however, that Lessor shall be liable (a) for its own willful misconduct or gross negligence (or negligence in the handling of funds), (b) for any Tax based on, with respect to or measured by any income, fees, commission, compensation or other amounts received by it as compensation for services (including for acting as Lessor) or otherwise under, or as contemplated by, the Operative Documents, (c) Lessor Liens on the Leased Property, (d) for its representations and warranties made in the Participation Agreement, any other Operative Documents or in any certificate or documents delivered pursuant thereto, (e) for its failure to perform any of its covenants and agreements set forth in the Participation Agreement or any other Operative Document, and (f) as otherwise expressly provided in the Operative Documents; provided in no event shall Lessor\u2019s liability exceed the amount funded by Lessor under the Lessor Commitment.", "hash": "fe04731d2665a338c6f6a012bb5d7287", "id": 4}, {"snippet_links": [{"key": "provisions-of-this-article", "type": "clause", "offset": [15, 41]}, {"key": "the-loan-documents", "type": "clause", "offset": [80, 98]}, {"key": "liability-of-the-borrowers", "type": "clause", "offset": [137, 163]}, {"key": "to-pay", "type": "clause", "offset": [164, 170]}, {"key": "all-obligations", "type": "clause", "offset": [179, 194]}, {"key": "not-limited", "type": "clause", "offset": [209, 220]}, {"key": "principal-of", "type": "definition", "offset": [228, 240]}, {"key": "the-debt", "type": "clause", "offset": [257, 265]}, {"key": "the-note", "type": "clause", "offset": [279, 287]}, {"key": "any-other-agreement", "type": "definition", "offset": [292, 311]}, {"key": "obligations-under-the", "type": "clause", "offset": [338, 359]}, {"key": "the-properties", "type": "definition", "offset": [389, 403]}, {"key": "other-collateral", "type": "definition", "offset": [491, 507]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [509, 549]}, {"key": "this-loan-agreement", "type": "definition", "offset": [553, 572]}, {"key": "the-mortgages", "type": "clause", "offset": [574, 587]}, {"key": "lender-may", "type": "definition", "offset": [676, 686]}, {"key": "provisions-of-the", "type": "clause", "offset": [743, 760]}, {"key": "bankruptcy-code", "type": "definition", "offset": [761, 776]}, {"key": "file-a-claim", "type": "clause", "offset": [780, 792]}, {"key": "the-obligations-secured", "type": "clause", "offset": [816, 839]}, {"key": "collateral-shall", "type": "definition", "offset": [880, 896]}, {"key": "to-secure", "type": "clause", "offset": [906, 915]}, {"key": "obligations-owing", "type": "clause", "offset": [927, 944]}, {"key": "to-lender", "type": "clause", "offset": [945, 954]}, {"key": "in-accordance-with", "type": "definition", "offset": [955, 973]}], "size": 12, "samples": [{"hash": "ftEpm41MvgO", "uri": "/contracts/ftEpm41MvgO#limitations-on-recourse", "label": "Loan and Security Agreement (Lodgian Inc)", "score": 18.0, "published": true}, {"hash": "efpxN0kW2vV", "uri": "/contracts/efpxN0kW2vV#limitations-on-recourse", "label": "Loan and Security Agreement (Lodgian Inc)", "score": 18.0, "published": true}, {"hash": "60Um4SJxPwJ", "uri": "/contracts/60Um4SJxPwJ#limitations-on-recourse", "label": "Loan and Security Agreement (Lodgian Inc)", "score": 18.0, "published": true}], "snippet": "Subject to the provisions of this Article, and notwithstanding any provision of the Loan Documents other than this Article, the personal liability of the Borrowers to pay any and all Obligations including but not limited to the principal of and interest on the debt evidenced by the Note and any other agreement evidencing the Borrowers' obligations under the Note shall be limited to (i) the Properties, (ii) the rents, profits, issues, products and income of the Properties, and (iii) any other Collateral. 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In practice, this clause may state that a party can only pursue recovery from certain assets, such as collateral or a particular fund, and not from the personal assets of individuals or other unrelated assets of a company. Its core function is to allocate and limit financial risk, providing certainty to parties about the extent of their potential liability and protecting specific assets from being targeted in the event of a dispute or default."}, "json": true, "cursor": ""}}