Common use of No Limitation on Recourse Clause in Contracts

No Limitation on Recourse. Notwithstanding the foregoing Collateral, the Obligations are full recourse obligations of the Borrower (with recourse to its partners limited to the extent provided in Section 28) and, to the extent provided in the applicable Guaranty, of the Guarantors, and all of their respective Real Estate Assets and other properties shall be available for the indefeasible payment in full in cash and performance of the Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust)

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No Limitation on Recourse. Notwithstanding the foregoing Collateral, the The Obligations are full recourse obligations of the Borrower (with recourse to its partners limited to the extent provided in Section 28) and, to the extent provided in the applicable Guarantythis Agreement, of the Guarantors, and all of their respective Real Estate Assets assets and other properties shall be available for the indefeasible payment in full in cash and performance of the ObligationsObligations as and when due and payable.

Appears in 1 contract

Samples: Revolving Secured Credit and Guaranty Agreement (Sl Green Realty Corp)

No Limitation on Recourse. Notwithstanding the foregoing Collateral, the The Obligations are full recourse obligations of the Borrower (with recourse to its partners limited to the extent provided in Section 28) and, to the extent provided in the applicable Guaranty, of the Guarantors, and all of their respective Real Estate Assets and other properties shall be available for the indefeasible payment in full in cash and performance of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Monmouth Real Estate Investment Corp)

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No Limitation on Recourse. Notwithstanding the foregoing Collateral, the Obligations are full recourse obligations of the Borrower (with recourse to its partners limited to the extent provided in Section 28(S)28) and, to the extent provided in the applicable Guaranty, of the Guarantors, and all of their respective Real Estate Assets and other properties shall be available for the indefeasible payment in full in cash and performance of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Prime Group Realty Trust)

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