Common use of No Recourse Against Lender Clause in Contracts

No Recourse Against Lender. The obligations of the Lender under this Agreement are solely the limited liability company obligations of Lender. No recourse shall be had for any obligation, covenant or agreement (including, without limitation, the payment of any amount owing in respect to this Agreement or the payment of any Fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or Transaction Document entered into pursuant hereto or in connection herewith against any member, employee, officer, director, manager, administrator, partner or organizer of Lender, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise.

Appears in 3 contracts

Samples: Loan Agreement (G&k Services Inc), Loan Agreement (G&k Services Inc), Loan Agreement (G&k Services Inc)

AutoNDA by SimpleDocs

No Recourse Against Lender. The obligations of the Lender under this Agreement are solely the limited liability company corporate obligations of Lender. No recourse shall be had for any obligation, covenant or agreement (including, without limitation, the payment of any amount owing in respect to this Agreement or the payment of any Fee fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or Transaction Document document entered into pursuant hereto or in connection herewith against any memberstockholder, employee, officer, director, manager, administrator, partner or organizer incorporator of Lender, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise.

Appears in 3 contracts

Samples: Loan Agreement (Covenant Transport Inc), Loan Agreement (Central Freight Lines Inc/Tx), Loan Agreement (Toro Co)

No Recourse Against Lender. The obligations (if any) of the Lender under this Agreement are solely the limited liability company corporate obligations of the Lender. No recourse shall be had for any obligation, covenant or agreement (including, without limitation, the payment of any amount owing in respect to this Agreement or the payment of any Fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or Transaction Document entered into pursuant hereto or in connection herewith against any memberstockholder, employee, officer, director, manager, administrator, partner or organizer incorporator of the Lender, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise.

Appears in 2 contracts

Samples: Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp)

No Recourse Against Lender. (a) The obligations of the Lender under this Agreement are solely the limited liability company corporate obligations of Lender. No recourse shall be had for any obligation, covenant or agreement (including, without limitation, the payment of any amount owing in respect to this Agreement or the payment of any Fee fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or Transaction Document document entered into pursuant hereto or in connection herewith against any memberstockholder, employee, officer, director, manager, administrator, partner or organizer incorporator of Lender, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise.

Appears in 1 contract

Samples: Loan Agreement (Baldor Electric Co)

No Recourse Against Lender. The obligations of the Lender -------------------------- under this Agreement are solely the limited liability company corporate obligations of Lender. No recourse shall be had for any obligation, covenant or agreement (including, without limitation, the payment of any amount owing in respect to this Agreement or the payment of any Fee fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or Transaction Document document entered into pursuant hereto or in connection herewith against any memberstockholder, employee, officer, director, manager, administrator, partner or organizer incorporator of Lender, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise.

Appears in 1 contract

Samples: Loan Agreement (Dixie Group Inc)

AutoNDA by SimpleDocs

No Recourse Against Lender. The obligations of the Lender under this Agreement are solely the limited liability company corporate obligations of Lender. No recourse shall be had for any obligation, covenant or agreement (including, without limitation, the payment of any amount owing in respect to this Agreement or the payment of any Fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or Transaction Document entered into pursuant hereto or in connection herewith against any memberstockholder, employee, officer, director, manager, administrator, partner or organizer incorporator of Lender, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise.

Appears in 1 contract

Samples: Loan Agreement (Interface Inc)

No Recourse Against Lender. The obligations of the Lender under this Agreement are solely the limited liability company obligations of Lender. No recourse shall be had for any obligation, covenant or agreement (including, without limitation, the payment of any amount owing in respect to this Agreement or the payment of any Fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or Transaction Document entered into pursuant hereto or in connection herewith against any member, employee, officer, director, manager, administrator, partner administrator or organizer of Lender, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise.

Appears in 1 contract

Samples: Loan Agreement (Us Xpress Enterprises Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.