Common use of No Recourse Against Lender Clause in Contracts

No Recourse Against Lender. The obligations of Lender under this Agreement are solely the 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 document entered into pursuant hereto or in connection herewith against any stockholder, employee, officer, director, manager, administrator, partner or 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 (Central Freight Lines Inc/Tx), Loan Agreement (Covenant Transport Inc), Loan Agreement (Toro Co)

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No Recourse Against Lender. The obligations of the Lender under this Agreement are solely the corporate 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 Fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or document Transaction Document entered into pursuant hereto or in connection herewith against any stockholdermember, employee, officer, director, manager, administrator, partner or incorporator 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)

No Recourse Against Lender. The obligations of the Lender under this Agreement are solely the 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 document Transaction Document entered into pursuant hereto or in connection herewith against any stockholder, employee, officer, director, manager, administrator, partner or 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 corporate 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 Fee hereunder or for any other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or document Transaction Document entered into pursuant hereto or in connection herewith against any stockholdermember, employee, officer, director, manager, administrator, partner administrator or incorporator 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)

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No Recourse Against Lender. The obligations of the Lender -------------------------- under this Agreement are solely the 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 document entered into pursuant hereto or in connection herewith against any stockholder, employee, officer, director, manager, administrator, partner or 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)

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