Common use of Nonrecourse Obligation Clause in Contracts

Nonrecourse Obligation. Except as otherwise provided in this Article 12 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s obligations under the Loan Documents and not against Borrower or any of Borrower’s principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s 's obligations under the Loan Documents and not against Borrower or any of Borrower’s 's principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 12, Section 15.05 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s 's obligations under the Loan Documents and not against Borrower or any of Borrower’s 's principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 12, Section 15.05 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s 's obligations under the Loan Documents and not against Borrower or any of Borrower’s 's principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty (except to the extent provided therein) executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 12, Section 15.05 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s obligations under the Loan Documents and not against Borrower or any of Borrower’s principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 12, Section 15.04 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s obligations under the Loan Documents and not against Borrower or any of Borrower’s principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s obligations under the Loan Documents and not against Borrower or any of Borrower’s principals, directors, officers officers, manager, members or employees. Notwithstanding the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 12, in Section 15.05 or as expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s 's obligations under the Loan Documents and not against Borrower or any of Borrower’s 's principals, directors, officers or employees. Notwithstanding Without limiting the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 12, Section 15.05 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property Collateral and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s obligations under the Loan Documents and not against Borrower or any of Borrower’s principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 or expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s 's obligations under the Loan Documents and not against Borrower or any of Borrower’s 's principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 Article 12 is not not_ applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 12, in Section 15.05 or as expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s obligations under the Loan Documents and not against Borrower or any of Borrower’s principals, directors, officers or employees. Notwithstanding Without limiting the foregoing, this Section 12.01 Article 12 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.

Nonrecourse Obligation. Except as otherwise provided in this Article 12 12, in Section 15.05 or as expressly stated in any of the other Loan Documents, Lender shall enforce the liability of Borrower to perform and observe the obligations contained in this Loan Agreement and in each other Loan Document only against the Property and other collateral given by Borrower as security for payment of the Loan and performance of Borrower’s 's obligations under the Loan Documents and not against Borrower or any of Borrower’s 's principals, directors, officers or employees. Notwithstanding the foregoing, this Section 12.01 is not applicable to the Environmental Indemnity or to any Guaranty executed in connection herewith.