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Common use of Full Recourse Liability Clause in Contracts

Full Recourse Liability. Notwithstanding the provisions of Section 8.01 of this Agreement, BORROWER SHALL HAVE PERSONAL LIABILITY for the Obligations if:

Appears in 2 contracts

Sources: Loan Agreement (Piedmont Office Realty Trust, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)

Related Clauses

  • Nonrecourse Liabilities
  • Excess Nonrecourse Liabilities
  • Minimum Gain Chargeback (Nonrecourse Liabilities)
  • Allocation of Excess Nonrecourse Liabilities
  • Limited Recourse and Non-Petition

Parent Clauses

  • ▇▇▇▇▇▇▇▇'s Promise to Pay.  FOR VALUE RECEIVED
  • Limitation on Personal Liability and Indemnities
  • Limitation of Liability
  • WAIVER OF TRIAL BY JURY
  • Borrower's Promise to Pay.  FOR VALUE RECEIVED

Sub-Clauses

  • INTENTIONALLY DELETED
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