Common use of No Individual Liability Clause in Contracts

No Individual Liability. The Collateral Agent shall not have any individual liability in respect of all or any part of the Secured Obligations, and all shall look, subject to the lien and priorities of payment provided herein and in the Loan Documents, only to the property of the Grantors (to the extent provided in the Loan Documents) for payment or satisfaction of the Secured Obligations pursuant to this Agreement and the other Loan Documents.

Appears in 18 contracts

Samples: Term Loan Security Agreement (AerCap Holdings N.V.), Aircraft Mortgage and Security Agreement (Fly Leasing LTD), Term Loan Credit Agreement

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No Individual Liability. The Collateral Agent shall not have any no individual liability in respect of all or any part of the Secured Obligations, and all shall look, subject to the lien Lien and priorities of payment provided herein and in the Loan DocumentsCredit Agreement, only to the property of the Grantors (to the extent provided in the Loan Documents) for payment or satisfaction of the Secured Obligations pursuant to this Agreement and the other Loan DocumentsObligations.

Appears in 2 contracts

Samples: Security Trust and Guarantee Agreement (Avolon Holdings LTD), Security Trust Agreement (AerCap Holdings N.V.)

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