Limited Liability of Parties. No Indemnified Party shall have any liability (whether in contract, tort or otherwise) to the Borrower, the Originator or the Servicer or any of their security holders or creditors for or in connection with the transactions contemplated hereby, except to the extent such liability is determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct or breach of its obligations under this Agreement or any Facility Document.
Limited Liability of Parties. 21 SECTION 11.2. Exhibits.. . . . . . . . . . . . . . . . . . . . . . . . 22 SECTION 11.3. References to Articles, Sections and Subsections.. . . . 22 SECTION 11.4. Table of Contents and Captions.. . . . . . . . . . . . . 22 SECTION 11.5. Locative Adverbs.. . . . . . . . . . . . . . . . . . . . 22 SECTION 11.6. REA for Exclusive Benefit of the Parties.. . . . . . . . 22 SECTION 11.7.
Limited Liability of Parties. Except as otherwise expressly set forth in this REA, the liability of any Party under this REA shall be limited solely to the interest of the Party in its Parcel. No partner, officer, agent or employee of any Party, nor any of such Person's separate property shall be personally liable for any claim arising out of or related to this REA. Notwithstanding any provision hereof to the contrary, and except as otherwise provided below, any monetary obligations of the City hereunder shall be limited to funds available from insurance proceeds, condemnation proceeds or amounts obtained by City in respect of such obligations hereunder. Any obligations of the City hereunder shall be special limited obligations payable solely from amounts obtained under the REA, the Revenue Sharing Agreement, insurance proceeds, or condemnation proceeds, and in no event shall the City's general fund or taxing power be called upon to satisfy its obligations hereunder. The provisions of this Section 11.1 shall not relieve the City from fully and completely discharging its obligations under the Leases to which it is a party. Furthermore, notwithstanding any other provision of this REA or this Section 11.29, this Section 11.29 shall not limit City's liability for intentional or negligent actions or omissions, and shall not limit the City's liability for failure to perform any obligation hereunder in the event that funds for the City's performance thereof were made available to the City on a timely basis from the REA, the Revenue Sharing Agreement insurance proceeds, or condemnation proceeds, but City nevertheless failed to discharge such obligation as required hereby. SECTION 11.2
