Common use of Limits on Personal Liability Clause in Contracts

Limits on Personal Liability. (a) Except as otherwise provided in this Section 9, none of Borrower, SPE Equity Owner, or any member or limited partner of Borrower will have any personal liability under this Note, the Loan Agreement or any other Loan Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents and Xxxxxx’s only recourse for the satisfaction of the Indebtedness and the performance of such obligations will be Xxxxxx’s exercise of its rights and remedies with respect to the Mortgaged Property and to any other collateral held by Xxxxxx as security for the Indebtedness. This limitation on Borrower’s liability will not limit or impair Lender’s enforcement of its rights against any Guarantor of the Indebtedness or any Guarantor of any other obligations of Borrower.

Limits on Personal Liability. (a) Except as otherwise provided in this Section Paragraph 9, none of Borrower, SPE Equity Owner, or any member or limited partner of Borrower will shall have any no personal liability under this Note, the Loan Agreement Security Instrument or any other Loan Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents Documents, and Xxxxxx’s only recourse for the satisfaction of the Indebtedness and the performance of such obligations will shall be XxxxxxLender’s exercise of its rights and remedies with respect to the Mortgaged Property (as such term is defined in the Security Instrument) and to any other collateral held by Xxxxxx as security for the Indebtedness. This limitation on Borrower’s liability will shall not limit or impair LenderXxxxxx’s enforcement of its rights against any Guarantor guarantor of the Indebtedness or any Guarantor guarantor of any other obligations of Borrower.

Limits on Personal Liability. (a) Except as otherwise provided in this Section 9, none of Borrower, SPE Equity Owner, or any member or limited partner of Borrower will have any personal liability under this Project Note, the Project Loan Agreement or any other Loan Financing Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents Financing Documents, and Xxxxxx’s only recourse for the satisfaction of the Indebtedness and the performance of such obligations will be Xxxxxx’s exercise of its rights and remedies with respect to the Mortgaged Property Project and to any other collateral held by Xxxxxx as security for the Indebtedness. This limitation on Borrower’s liability will not limit or impair LenderHolder’s enforcement of its rights against any Guarantor of the Indebtedness or any Guarantor of any other obligations of Borrower.

Limits on Personal Liability. (a) Except as otherwise provided in this Section 9, none of Borrower, SPE Equity Owner, or any member or limited partner of Borrower will have any personal liability under this Note, the Loan Agreement or any other Loan Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents and Xxxxxx’s only recourse for the satisfaction of the Indebtedness and the performance of such obligations will be XxxxxxLender’s exercise of its rights and remedies with respect to the Multifamily Note (Bay Club Apartments) Mortgaged Property and to any other collateral held by Xxxxxx as security for the Indebtedness. This limitation on Borrower’s liability will not limit or impair Lender’s enforcement of its rights against any Guarantor of the Indebtedness or any Guarantor of any other obligations of Borrower.

Limits on Personal Liability. (a) Except as otherwise provided in this Section Paragraph 9, none of Borrower, SPE Equity Owner, or any member or limited partner of Borrower will shall have any personal no liability under this Note, the Loan Agreement Security Instrument or any other Loan Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents Documents, and Xxxxxx’s 's only recourse for the satisfaction of the Indebtedness and the performance of such obligations will shall be Xxxxxx’s Lender's exercise of its rights and remedies with respect to the Mortgaged Property (as such term is defined in the Security Instrument) and to any other collateral held by Xxxxxx as security for the Indebtedness. This limitation on Borrower’s 's liability will shall not limit or impair Lender’s Xxxxxx's enforcement of its rights against any Guarantor guarantor or indemnitor of the Indebtedness or any Guarantor guarantor or indemnitor of any other obligations of Borrower.

Limits on Personal Liability. (a) Except as otherwise provided in this Section 9Xxxxxxx 0, none xxxx of Borrower, SPE Equity Owner, or any member or limited partner of Borrower will have any personal liability under this Note, the Loan Agreement or any other Loan Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents and XxxxxxLender’s only recourse for the satisfaction of the Indebtedness and the performance of such obligations will be XxxxxxLender’s exercise of its rights and remedies with respect to the Mortgaged Property and to any other collateral held by Xxxxxx Lender as security for the Indebtedness. This limitation on Borrower’s liability will not limit or impair Lender’s enforcement of its rights against any Guarantor of the Indebtedness or any Guarantor of any other obligations of Borrower.

Limits on Personal Liability. (a) Except as otherwise provided in this Section Paragraph 9, none of Borrower, SPE Equity Owner, or any member or limited partner of Borrower will shall have any no personal liability under this Note, the Loan Agreement Security Instrument or any other Loan Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents Documents, and Xxxxxx’s Lender's only recourse for the satisfaction of the Indebtedness and the performance of such obligations will shall be Xxxxxx’s exercise of Lender's exerxxxx xf its rights and remedies with respect to the Mortgaged Property (as such term is defined in the Security Instrument) and to any other collateral held by Xxxxxx Lender as security for the Indebtedness. This limitation on Borrower’s 's liability will shall not limit or impair Lender’s enforcement of its 's enforcemenx xx xts rights against any Guarantor guarantor of the Indebtedness or any Guarantor guarantor of any other obligations of Borrower.

Limits on Personal Liability. (a) Except as otherwise provided in this Section 9, none of Borrowerin the Revolving Credit Note or in any guaranty, SPE Equity Owner, or any member or limited partner of Borrower will shall have any no personal liability under this Note, the Loan Agreement Security Instrument, the Credit Agreement, or any other Loan Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents and Xxxxxx’s Lender's only recourse for the satisfaction of the Indebtedness and the performance of such obligations will shall be Xxxxxx’s Lender's exercise of its rights and remedies with respect to the Mortgaged Collateral Pool Property and to any other collateral held by Xxxxxx Lender as security for the Indebtedness. This limitation on Borrower’s 's liability will shall not limit or impair Lender’s 's enforcement of its rights against any Guarantor guarantor of the Indebtedness indebtedness or any Guarantor guarantor of any other obligations of Borrower.

Limits on Personal Liability. (a) Except as otherwise provided in this Section 9Sxxxxxx 0, none xxxx of Borrower, SPE Equity Owner, or any member or limited partner of Borrower will have any personal liability under this Note, the Loan Agreement or any other Loan Document for the repayment of the Indebtedness or for the performance of or compliance with any other obligations of Borrower under the Loan Documents and XxxxxxLender’s only recourse for the satisfaction of the Indebtedness and the performance of such obligations will be XxxxxxLender’s exercise of its rights and remedies with respect to the Mortgaged Property and to any other collateral held by Xxxxxx Lender as security for the Indebtedness. This limitation on Borrower’s liability will not limit or impair Lender’s enforcement of its rights against any Guarantor of the Indebtedness or any Guarantor of any other obligations of Borrower.