Common use of Limited Recourse Liability Clause in Contracts

Limited Recourse Liability. Each Grantor’s (other than the IDOT Grantor’s) personal liability for the Total Indebtedness shall be limited as and to the same extent as set forth in its Note and the IDOT Grantor’s personal liability for the Total Indebtedness shall be limited as and to the same extent as set forth in the IDOT Guaranty.

Appears in 1 contract

Sources: Master Cross Collateralization Agreement (Avalonbay Communities Inc)

Limited Recourse Liability. Each Grantor’s (other than the IDOT Grantor’s) personal liability for the Total Indebtedness shall be limited as and to the same extent as set forth in its Note and the IDOT Grantor’s personal liability for the Total Indebtedness shall be limited as and to the same extent as set forth in the IDOT Guarantyits Note.

Appears in 1 contract

Sources: Master Cross Collateralization Agreement (NTS Realty Holdings Lp)