Common use of Limited Recourse Liability Clause in Contracts

Limited Recourse Liability. Except to the extent set forth in this Agreement , Borrower shall not have any personal liability for the Obligations. Notwithstanding the preceding sentence, Lender may bring a foreclosure action or other appropriate action to enforce the Documents or realize upon and protect the Property (including, without limitation, naming Borrower and any other necessary parties in the actions) and IN ADDITION BORROWER SHALL HAVE PERSONAL LIABILITY FOR:

Appears in 1 contract

Sources: Loan Agreement (Piedmont Office Realty Trust, Inc.)

Limited Recourse Liability. Except to the extent set forth in this Agreement Agreement, Borrower shall not have any personal liability for the Obligations. Notwithstanding the preceding sentence, Lender may bring a foreclosure action or other appropriate action to enforce the Documents or realize upon and protect the Property (including, without limitation, naming Borrower and any other necessary parties in the actions) and IN ADDITION BORROWER SHALL HAVE PERSONAL LIABILITY FOR ALL LOSSES, COST AND EXPENSES INCURRED BY LENDER FOR:

Appears in 1 contract

Sources: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)