Common use of Remedies of Borrowers Clause in Contracts

Remedies of Borrowers. In the event that a claim or adjudication is made that Lender or its agents, including Servicer, have acted unreasonably or unreasonably delayed acting in any case where by law or under this Agreement or the other Loan Documents, Lender or such agent, as the case may be, has an obligation to act reasonably or promptly, Borrowers agree that neither Lender nor its agents, including Servicer, shall be liable for any monetary damages, and Borrowers' sole remedies shall be limited to commencing an action seeking injunctive relief or declaratory judgment.

Remedies of Borrowers. In the event that a claim or adjudication is made that Lender Lenders or its agents, including Servicer, agents have acted unreasonably or unreasonably delayed acting in any case where by law or under this Agreement Agreement, the Global Note, the Mortgages or the other Loan Documents, Lender Lenders or such agent, as the case may be, has have an obligation to act reasonably or promptly, Borrowers agree each Borrower agrees that neither Agent, any Lender nor its agents, including Servicer, agents shall be liable for any monetary damages, and Borrowers' each Borrower's sole remedies shall be limited to commencing an action seeking injunctive relief or declaratory judgment.