Common use of Limits on Personal Liability Clause in Contracts

Limits on Personal Liability. (a) Except as otherwise provided in this Section 11, neither Borrower nor its members or non-member manager shall have any personal liability under this Note, the Security Instrument or any other Loan Document for the repayment of the Indebtedness or for the performance of 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 shall be Lender's exercise of its rights and remedies with respect to the Mortgaged Property and any other collateral held by Xxxxxx as security for the Indebtedness.

Limits on Personal Liability. (a) Except as otherwise provided in this Section 11, neither Borrower nor its general or limited partners, members or non-member manager shall have any personal liability under this Note, the Security Instrument or any other Loan Document for the repayment of the Indebtedness or for the performance of 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 shall be Lender's exercise of its rights and remedies with respect to the Mortgaged Property and any other collateral held by Xxxxxx as security for the Indebtedness.

Limits on Personal Liability. (a) Except as otherwise provided in this Section Paragraph 11, neither Borrower nor its members or non-member manager shall have any personal liability under this Note, the Security Instrument or any other Loan Document for the repayment of the Indebtedness or for the performance of any other obligations of Borrower under the Loan Documents, and Xxxxxx's ’s only recourse for the satisfaction of the Indebtedness and the performance of such obligations shall be Lender's ’s exercise of its rights and remedies with respect to the Mortgaged Property and any other collateral held by Xxxxxx as security for the Indebtedness.