No Recourse Against Partners Sample Clauses

No Recourse Against Partners. The Guaranteed Obligations of a Guarantor under this Guaranty are collectible only from the assets of such Guarantor, and in no event will any partner of a Guarantor have any liability for the Guaranteed Obligations of a Guarantor hereunder. Notwithstanding the foregoing, the limitations hereof shall not be deemed to limit any liability of any Guarantor under this Guaranty or under any other guaranty or indemnity agreement now or hereafter executed in favor of Agent and Lenders in connection with the Loan.
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No Recourse Against Partners. Satisfaction of the obligations of the Partnership under this Partnership Guarantee shall be had solely from the Collateral. The liability of the Partner(s) with respect to the obligations of the Partnership under this Partnership Guarantee is limited to any unpaid capital contributions required by the Equity Contribution Agreement, and no recourse shall be held in the event of any non-performance by the Partnership of any such obligations to (i) any assets or properties of the Partner(s) of the Partnership other than their respective interests in the Collateral and other than with respect to any unpaid capital contributions required by the Equity Contribution Agreement, or (ii) any Partner or any Affiliate of any Partner or the Partnership or any incorporators or any of the officers, directors, employees or stockholders of the Partners of the Partnership or any Affiliate of any Partner or the Partnership, and no judgment for any deficiency upon the obligations of the Partnership under the Partnership Guarantee shall be obtainable by the Holders, the Trustee or the Collateral Agent against any Partner or any Affiliate of the Partnership or any Partner or any incorporator, stockholder, officer, employee or director, past, present or future of any Partner or of any predecessor or successor of any Partner or any Affiliate of any Partner or the Partnership; provided, however, that nothing in this Section shall limit or otherwise prejudice in any way the right of the Holders, the Trustee or the Collateral Agent to proceed against any Person with respect to the enforcement of such Person’s obligations under any Project Document, including but not limited to the Partnership Guarantee, the Equity Contribution Agreement, the O&M Agreement and the Partner Security Agreement.
Sample 1
No Recourse Against Partners. Obligations of a Guarantor are collectible only from the assets of such Guarantor. In no case will any partner of a Guarantor have any liability for the obligations of a Guarantor. Signature page to Guaranty Agreement relating to Axxxxx Xxxxxx House VF Residential, Ltd. VF Residential, Ltd Attention: Kxxxxxx X. Xxxxxx 820 Gxxxxxx, Suite 760 By: VFTCR GP, LLC a Texas limited liability Hxxxxxx. Xxxxx 00000 company, its general partner By: /s/ Kxxxxxx X. Xxxxxx, Kxxxxxx X. Xxxxxx, Member VF MultiFamily Holdings, Ltd. VF Multifamily Holdings, Ltd. Attention Kxxxxxx X Xxxxxx 820 Gxxxxxx, Suite 760 By: VFTCR GP, LLC, a Texas limited liability Hxxxxxx, Xxxxx 00000 company, its general partner By: /s/ Kxxxxxx X. Xxxxxx, Kxxxxxx X. Xxxxxx, Member Continuation signature page to Guaranty Agreement relating to Axxxxx Xxxxxx House CFH Maple Residential Investor, L.P. CFH Maple Residential Investor, L.P. Attention: Sxxx Xxxxxxx 3000 Xxxxx Xxxxxx By: CH Residential GP, L.L.C., a Texas limited Dxxxxx, Xxxxx 00000 liability company, its general partner By: Crow Family, Inc., a Texas corporation, its manager By: /s/ Axxx X. Xxxxxxx Name: Axxx X. Xxxxxxx Title: Vice President CFP Residential, L.P. CFP Residential, L.P. Attention: Sxxx Xxxxxxx 3000 Xxxxx Xxxxxx By: Crow Family, Inc., a Texas corporation, its Dxxxxx, Xxxxx 00000 general partner By: /s/ Axxx X. Xxxxxxx Name: Axxx X. Xxxxxxx Title: Vice President Maple Residential, L.P. CFP Residential, L.P. Attention: Txxxxxx X. Xxxxx 3000 Xxxxx Xxxxxx By: Maple Residential GP, L.L.C., a Delaware Dxxxxx, Xxxxx 00000 limited liability company, its general partner By: /s/ Axxx X. Xxxxxxx Name: Axxx X. Xxxxxxx Title: Vice President
Sample 1
No Recourse Against Partners. Notwithstanding anything to the contrary contained in this Guaranty, the liability and obligation of the Partnership or the Company to perform and observe and make good the obligations contained in this Guaranty and the Collateral Documents and to pay the Debt issued under the Indenture and the Bonds in accordance with the provisions of this Guaranty shall not be enforced by any action or proceeding wherein damages or any money judgment or any deficiency judgment or any judgment establishing any personal obligation or liability shall be sought, collected or otherwise obtained against any Partner, any past, present or future partner, officer, director or shareholder or related Person of any Partner or the Company (other than the Partnership), and the Trustee, for itself and its successors and assigns, irrevocably waives any and all right to sue for, seek or demaxx any such damages, money judgment, deficiency judgment or personal judgment against any Partner or any past, present or future partner, officer, director or shareholder or related Person of any Partner or the Company (other than the Partnership) under or by reason of or in connection with this Guaranty and agrees to look solely to the Company and the Partnership and the security and Collateral held under or in connection with the Collateral Documents for the enforcement of such liability and obligation of the Company or the Partnership. Nothing contained in this paragraph shall be construed (i) as preventing the Trustee from naming the Company or the Partnership, any Partner or any past, present or future partner, officer, director or shareholder or related Person of any Partner or the Company in any action or proceeding brought by the Trustee to enforce and to realize upon the security and Collateral provided under or in connection with the Collateral Documents so long as no judgment, order, decree or other relief in the nature of a personal or deficiency judgment or otherwise establishing any personal obligation shall be asked for, taken, entered or enforced against any Partner or any past, present or future partner, officer, director or shareholder or related Person of any Partner or the Company (other than the Partnership), in any such action or proceeding, (ii) as modifying, qualifying or affecting in any manner whatsoever the Lien and security interests created by this Guaranty and the Collateral Documents and the other Project Documents or the enforcement thereof by the Trustee, (iii) as mod...
Sample 1

Related to No Recourse Against Partners

  • No Recourse Against Others A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities.

  • No Recourse Against Other Parties No recourse under any obligation, covenant or agreement of Buyer contained in this Agreement shall be had against any stockholder, employee, officer, director, member, manager incorporator or organizer of Buyer.

  • No Recourse Against Certain Persons No recourse shall be had for the payment of any principal, interest or any other sums at any time owing under the terms of this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against the Nonrecourse Parties, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such personal liability being, by the acceptance hereof and as part of the consideration for issue hereof, expressly waived and released.

  • No Recourse Against Trust Account The Purchaser agrees not to seek recourse against the Trust Account for any reason whatsoever in connection with its purchase of the Units or any Claim that may arise now or in the future.

  • No Recourse The Certificateholder by accepting a Certificate acknowledges that the Certificate represents a beneficial interest in the Trust only and does not represent interests in or obligations of the Seller, the Servicer, the Owner Trustee, the Trustee, or any Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Certificate or the Basic Documents.

  • No Recourse to Owner Trustee It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by Wilmington Trust Company, not individually or personally, but solely as Owner Trustee of Newcastle Mortgage Securities Trust 2007-1, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuing Entity is made and intended not as personal representations, undertakings and agreements by Wilmington Trust Company but is made and intended for the purpose for binding only the Issuing Entity, (c) nothing herein contained shall be construed as creating any liability of Wilmington Trust Company, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall Wilmington Trust Company be personally liable for the payment of any indebtedness or expenses of the Issuing Entity or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuing Entity under this Agreement or any other related documents.

  • Recourse Against Certain Parties (a) No recourse under or with respect to any obligation, covenant or agreement (including, without limitation, the payment of any fees or any other obligations) of the Administrative Agent, the Lenders, the Lender Agents or any Secured Party as contained in this Agreement or any other agreement, instrument or document entered into by the Administrative Agent, the Lenders, the Lender Agents or any Secured Party pursuant hereto or in connection herewith shall be had against any administrator of the Administrative Agent, the Lenders, the Lender Agents or any Secured Party or any incorporator, affiliate, stockholder, officer, employee or director of the Administrative Agent, the Lenders, the Lender Agents or any Secured Party or of any such administrator, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that the agreements of each party hereto contained in this Agreement and all of the other agreements, instruments and documents entered into by the Administrative Agent, the Lenders, the Lender Agents or any Secured Party pursuant hereto or in connection herewith are, in each case, solely the corporate obligations of such party (and nothing in this Section 12.09 shall be construed to diminish in any way such corporate obligations of such party), and that no personal liability whatsoever shall attach to or be incurred by any administrator of the Administrative Agent, the Lenders, the Lender Agents or any Secured Party or any incorporator, stockholder, affiliate, officer, employee or director of the Lenders, the Administrative Agent or the Lender Agents or of any such administrator, as such, or any of them, under or by reason of any of the obligations, covenants or agreements of the Administrative Agent, the Lenders, the Lender Agents or any Secured Party contained in this Agreement or in any other such instruments, documents or agreements, or are implied therefrom, and that any and all personal liability of every such administrator of the Administrative Agent, the Lenders, the Lender Agents or any Secured Party and each incorporator, stockholder, affiliate, officer, employee or director of the Administrative Agent, the Lenders, the Lender Agents or any Secured Party or of any such administrator, or any of them, for breaches by the Administrative Agent, the Lenders, the Lender Agents or any Secured Party of any such obligations, covenants or agreements, which liability may arise either at common law or in equity, by statute or constitution, or otherwise, is hereby expressly waived as a condition of and in consideration for the execution of this Agreement.

  • Other Recourse Debtor waives any right to require Secured Party to proceed against any third party, exhaust any Collateral or other security for the Indebtedness, or to have any third party joined with Debtor in any suit arising out of the Indebtedness or any of the Loan Documents, or pursue any other remedy available to Secured Party. Debtor further waives any and all notice of acceptance of this Agreement and of the creation, modification, rearrangement, renewal or extension of the Indebtedness. Debtor further waives any defense arising by reason of any disability or other defense of any third party or by reason of the cessation from any cause whatsoever of the liability of any third party. Until all of the Indebtedness shall have been paid in full, Debtor shall have no right of subrogation and Debtor waives the right to enforce any remedy which Secured Party has or may hereafter have against any third party, and waives any benefit of and any right to participate in any other security whatsoever now or hereafter held by Secured Party. Debtor authorizes Secured Party, and without notice or demand and without any reservation of rights against Debtor and without affecting Debtor's liability hereunder or on the Indebtedness to (i) take or hold any other property of any type from any third party as security for the Indebtedness, and exchange, enforce, waive and release any or all of such other property, (ii) apply such other property and direct the order or manner of sale thereof as Secured Party may in its discretion determine, (iii) renew, extend, accelerate, modify, compromise, settle or release any of the Indebtedness or other security for the Indebtedness, (iv) waive, enforce or modify any of the provisions of any of the Loan Documents executed by any third party, and (v) release or substitute any third party.

  • Nonpetition Covenant; No Recourse Each of (i) the Warrant Holder by its acceptance thereof, and (ii) the Warrant Agent agrees, that it shall not (and, in the case of the Warrant Holder, that it shall not direct the Warrant Agent to), until the date which is one year and one day after the payment in full of the Certificates and all other securities issued by the Trust, the Depositor or entities formed, established or settled by the Depositor, acquiesce, petition or otherwise invoke or cause the Trust, the Depositor, or any such other entity to invoke the process of the United States of America, any State or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government for the purpose of commencing or sustaining a case by or against the Trust, the Depositor or any such other entity under a federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust, the Depositor or any such other entity or all or any part of the property or assets of Trust, the Depositor or any such other entity or ordering the winding up or liquidation of the affairs of the Trust, the Depositor or any such other entity.

  • No Joint Venture or Partnership; No Third Party Beneficiaries (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Property other than that of mortgagee, beneficiary or lender.

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