Other Borrower Loan Documents definition
Examples of Other Borrower Loan Documents in a sentence
Anything herein to the contrary notwithstanding, the Borrower acknowledges and agrees that the collateral and security provided under the Loan Documents and the Other Borrower Loan Documents are intended to cross-collateralize both the Loan and the Other Borrower Loans as described in Section 8.21.
Lender's recourse for such amounts shall, subject to the limitations and exceptions contained in subsections (b), (c), (d) and (e) below, be limited to the collateral and security provided under the Loan Documents and the Other Borrower Loan Documents.
For all purposes of this Guaranty, the term "LIABILITIES" shall mean all obligations of the Co-Borrowers to the Lender of any kind whatsoever due or to become due under the Other Notes or the Other Borrower Loan Documents, howsoever created, arising or evidenced, whether pursuant to a covenant, representation, warranty, indemnity or other agreement of any kind, whether direct or indirect, absolute or contingent, "RECOURSE" or "NON-RECOURSE", or now or hereafter existing.
The Guarantor has reviewed with the benefit of its legal counsel the terms of this Guaranty and each other of the documents and instruments set forth on Exhibit B hereto (all such instruments, other than those executed and delivered solely by Guarantor, as the same may from time to time be amended, modified, replaced, restated or supplemented, the "Other Borrower Loan Documents").
The Lender shall not be liable in any way for any decrease in the value or marketability of any property securing any of the Liabilities that may result from any action or omission of the Lender in enforcing any part of this Guaranty, any Other Note or any other of the Other Borrower Loan Documents.