Recourse Limitation. Tenant shall be entitled to look solely to Landlord’s equity in the Complex for the recovery of any judgment against Landlord, and Landlord shall not be personally liable for any deficiency with respect to the recovery of such judgment. The provision contained in the foregoing sentence shall not limit any right that Tenant might otherwise have to obtain specific performance of Landlord’s obligations under this Lease.
Recourse Limitation. (a) Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document (but subject to the provisions of this SECTION 9.12), Lender shall not enforce the liability and obligation of Borrower to perform and observe the obligations contained in this Agreement or in the Note by any action or proceeding to collect damages or wherein a money judgment or any deficiency judgment or order or any judgment establishing any personal obligation or liability shall be sought against Borrower or any principal, director, officer, employee, beneficiary, shareholder, partner, member, trustee, agent or affiliate of Borrower or any person owning, directly or indirectly, any legal or beneficial interest in Borrower, or any successors or assigns of any of the foregoing (collectively, the "EXCULPATED PARTIES"). Lender may bring any appropriate action or proceeding to enable Lender to enforce and realize upon the Collateral Documents, and the interest in the Mortgage Loans, B Notes and other Collateral given to Lender pursuant to the Collateral Documents; PROVIDED, HOWEVER, subject to the provisions of this SECTION 9.12, that any judgment in any action or proceeding shall be enforceable against Borrower only to the extent of Borrower's interest in the Mortgage Loans, B Notes and any other Collateral given to Lender in connection with the Note. Lender agrees that it shall not, except as otherwise provided below, xxx for or demand any deficiency judgment against Borrower or any of the Exculpated Parties in any action or proceeding, under or by reason of or under or in connection with this Agreement, the Note, or the other Loan Documents.
(b) The provisions of subsection (a) above shall not (i) constitute a waiver, release or impairment of the Obligations; (ii) impair the right of Lender to name Borrower as a party defendant in any action or suit for under Collateral Documents; (c) affect the validity or enforceability of any indemnity, guaranty, master lease or similar instrument made in connection with the Loan Documents; (d) impair the right of Lender to obtain the appointment of a receiver; or (e) impair the enforcement of any Assignment of Mortgage and Assignment of Rents executed in connection herewith.
(c) Notwithstanding the provisions of subsection (a) to the contrary, Borrower shall be personally liable to Lender for the losses Lender incurs due to:
(a) fraud or intentional misrepresentation by Borrower or any other person or entity in conne...
Recourse Limitation. Tenant shall be entitled to look solely to Landlord’s equity in the Complex for the recovery of any judgment against Landlord, and Landlord shall not be personally liable for any deficiency with respect to the recovery of such judgment. For purposes of the foregoing, if Tenant has a judgment against Landlord, Landlord’s equity in the Complex shall include the proceeds from any sale or transfer of such interest, the proceeds of any insurance policies covering or relating to the Complex, and awards payable in connection with any condemnation of the Complex, and any other rights, privileges, licenses, franchises, claims causes of action or other interest, sums or receivables appurtenant to the Complex. The provision contained in the foregoing sentence shall not limit any right that Tenant might otherwise have to obtain specific performance of Landlord’s obligations under this Lease.
Recourse Limitation. The obligations incurred by LICENSOR under and with respect to this Agreement do not and will not constitute personal obligations, and do not and will not involve any personal liability on its part, or on the part of any officer, director, or shareholder of LICENSOR. Likewise, the obligations incurred by LICENSEE under and with respect to this Agreement do not and will not constitute personal obligations, and do not and will not involve any personal liability on its part, or on the part of any officer, director, or shareholder of LICENSEE. LICENSEE specifically agrees to look solely to LICENSOR's interest in the Building in the recovery of any judgment from LICENSOR, it being agreed that LICENSOR will never be personally liable for any such judgment.
Recourse Limitation. 27 TABLE OF CONTENTS (continued) PAGE NO. --------
Recourse Limitation. Xxxxxx agrees to look solely to Xxxxxxxx's equity interest in the Complex for the recovery of any judgment against Landlord, and neither Landlord nor any principals, members, partners, shareholders, officers, directors, employees of Landlord will have personally liable for any deficiency with respect to the recovery of such judgment. The provision contained in the foregoing sentence will not limit any right that Tenant might otherwise have to obtain specific performance of Landlord's obligations under this Lease.
Recourse Limitation. Tenant specifically agrees to look solely to Landlord's interest in the Premises (and any proceeds from the sale thereof), including any insurance proceeds paid in connection therewith, for the recovery of any judgment from Landlord, it being agreed that Landlord shall never be personally liable for any such judgment. The provision contained in the foregoing sentence shall not limit any right that Tenant might otherwise have to obtain specific performance of Landlord's obligations under this Lease.
Recourse Limitation. 22 5.07. Control of Common Areas and Parking Facilities by Landlord .................. 22 5.08. Default by Tenant ........................................................... 23 5.09.
Recourse Limitation. Tenant specifically agrees to look solely to the value of Landlord's equity interest in the Building at the time a cause of action in favor of Tenant against Landlord accrues, it being agreed that Landlord (and its partners, officers, directors and shareholders) shall never be personally liable for any such judgment. In addition, Tenant also agrees that Tenant shall not be entitled to recover from Landlord nor any of its agents, servants, employees, partners, officers, directors or shareholders any indirect, special or consequential damages Tenant may incur as a result of a default under this Lease or other action by Landlord, its agents, servants, employees, partners, officers, directors or shareholders. The provisions contained in the foregoing sentences shall not limit any right that Tenant might otherwise have to obtain injunctive relief against Landlord, or any other action not involving the liability of Landlord to respond in monetary damages from assets other than Landlord's interest in the Building.
Recourse Limitation. Borrower hereby acknowledges and agrees that the Obligations and Indebtedness are, and are intended to be, recourse to Borrower, provided, however, no personal liability in respect of the Obligations or the Indebtedness in connection with the Loan shall be asserted, sought, obtained or enforceable by Lender from or against: (a) any Person owning, directly or indirectly, any legal or beneficial interest in Borrower (except to the extent set forth in a separate agreement given by any such Person in connection with the Loan including, without limitation, the Guaranty) or (b) any direct or indirect partner, member, principal, officer, beneficiary, trustee, advisor, shareholder, employee, agent, Affiliate or director of Borrower.
