Non-recourse Obligations. Notwithstanding anything to the contrary stated herein, Lxxxxx agrees that for payment of this Note it will look solely to the cash and Class A shares of the Borrower, and no other asset of Borrower shall be subject to levy, execution or other enforcement procedures for the satisfaction of remedies of Lender, or for any payment required to be made under this Note.
Appears in 8 contracts
Samples: Financing, License and Sourcing Agreement (Masterworks Vault 2, LLC), Financing, License and Sourcing Agreement (Masterworks Vault 1, LLC), Financing, License and Sourcing Agreement (Masterworks Vault 3, LLC)
