Common use of Limited Recourse Liability Clause in Contracts

Limited Recourse Liability. Each Borrower’s personal liability (liability beyond Borrower’s interest in its Mortgaged Property) for the Related Indebtedness is limited as and to the same extent as set forth in that Borrower’s Note.

Appears in 2 contracts

Sources: Cross Collateralization Agreement (Strategic Student & Senior Housing Trust, Inc.), Cross Collateralization Agreement