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Common use of Full Recourse Clause in Contracts

Full Recourse. The liability of Maker for the Obligations shall not be limited to the Collateral, and Maker shall have full liability therefor beyond the Collateral.

Appears in 13 contracts

Sources: Promissory Note and Security Agreement, Convertible Promissory Note (Southern Products, Inc.), Convertible Promissory Note and Security Agreement (IDS Solar Technologies, Inc.)

Related Clauses

  • Other Recourse
  • Limited Recourse
  • Immediate recourse
  • Non-Recourse
  • Limited Recourse and Non-Petition

Parent Clauses

  • Miscellaneous
  • Repurchase
  • General Provisions
  • Limits on Personal Liability
  • Personal Liability to Borrower

Sub-Clauses

  • GOVERNING LAW
  • SEVERABILITY
  • Cayman Islands Credit Parties
  • Full Recourse Generally
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