Common use of Limited Recourse Provision Clause in Contracts

Limited Recourse Provision. Except as to each Guarantor as set forth in the Guaranty, Agent and Lenders shall have no recourse against, nor shall there be any personal liability to, the members of any Borrower, or to any shareholders, members, partners, beneficial interest holders or any other entity or person in the ownership (directly or indirectly) of any Borrower (except for each Guarantor as provided in the Guaranty, but including KBSIII REIT ACQUISITION I, LLC, KBSIII REIT ACQUISITION II, LLC, KBSIII REIT ACQUISITION IV, LLC, KBSIII REIT ACQUISITION V, LLC, KBSIII REIT ACQUISITION VI, LLC, KBS Real Estate Investment Trust III, Inc. (once and after KBS Real Estate Investment Trust III, Inc. has been released from its obligations under the Guaranty) or KBS LIMITED PARTNERSHIP III) with respect to the obligations of Borrower and Guarantors under the Loan. For purposes of clarification, in no event shall the above language limit, reduce or otherwise affect any Borrower’s liability or obligations under the Loan Documents, any Guarantor’s liability or obligations under the Guaranty or Agent’s right to exercise any rights or remedies against any collateral securing the Loan.

Limited Recourse Provision. Except as to each Guarantor as set forth in the Guaranty, Agent and Lenders shall have no recourse against, nor shall there be any personal liability to, the members of any Borrower, or to any shareholders, members, partners, beneficial interest holders or any other entity or person in the ownership (directly or indirectly) of any Borrower (except for each the Guarantor as provided in the Guaranty, but including KBSIII REIT ACQUISITION I, LLC, KBSIII REIT ACQUISITION II, LLC, KBSIII REIT ACQUISITION IV, LLC, KBSIII REIT ACQUISITION V, LLC, KBSIII REIT ACQUISITION VI, LLC, KBS Limited Partnership III or KBS Real Estate Investment Trust III, Inc. (Inc., once and after KBS Real Estate Investment Trust III, Inc. has been released from its obligations under the Guaranty) or KBS LIMITED PARTNERSHIP III) with respect to the obligations of Borrower and Guarantors Guarantor under the Loan. For purposes of clarification, in no event shall the above language limit, reduce or otherwise affect any Borrower’s liability or obligations under the Loan Documents, any Guarantor’s liability or obligations under the Guaranty or Agent’s right to exercise any rights or remedies against any collateral securing the Loan.” (r) Section 8.9(e) is hereby deleted in its entirety and replaced with the following: