Common use of Limited Recourse Provision Clause in Contracts

Limited Recourse Provision. Except as to Guarantor as set forth in the Guaranty, Agent and Lenders shall have no recourse against, nor shall there be any personal liability to, the members of any Borrower, or to any shareholders, members, partners, beneficial interest holders or any other entity or person in the ownership (directly or indirectly) of any Borrower (except for Guarantor as provided in the Guaranty, but including KBSII REIT ACQUISITION I, LLC, KBSII REIT ACQUISITION XXV, LLC, KBSII REIT ACQUISITION V, LLC, KBS LIMITED PARTNERSHIP II or KBS REAL ESTATE INVESTMENT TRUST II, INC.) with respect to the obligations of ▇▇▇▇▇▇▇▇ and Guarantor under the Loan. For purposes of clarification, in no event shall the above language limit, reduce or otherwise affect any Borrower's liability or obligations under the Loan Documents, Guarantor’s liability or obligations under the Guaranty or Agent's right to exercise any rights or remedies against any collateral securing the Loan.

Limited Recourse Provision. Except as to Guarantor as set forth in the Guaranty, Agent and Lenders shall have no recourse against, nor shall there be any personal liability to, the members of any Borrower, or to any shareholders, members, partners, beneficial interest holders or any other entity or person in the ownership (directly or indirectly) of any Borrower (except for the Guarantor as provided in the Guaranty, but including KBSII KBSIII REIT ACQUISITION I, LLC, KBSII KBSIII REIT ACQUISITION XXVII, LLC, KBSII KBSIII REIT ACQUISITION VIV, LLC, KBS LIMITED PARTNERSHIP II Limited Partnership III or KBS REAL ESTATE INVESTMENT TRUST IIReal Estate Investment Trust III, INC.Inc.) with respect to the obligations of ▇▇▇▇▇▇▇▇ Borrower and Guarantor under the Loan. For purposes of clarification, in no event shall the above language limit, reduce or otherwise affect any Borrower's liability or obligations under the Loan Documents, Guarantor’s 's liability or obligations under the Guaranty or Agent's right to exercise any rights or remedies against any collateral securing the Loan.

Limited Recourse Provision. Except as to Guarantor as set forth in the Guaranty, Agent Mortgagee and Lenders shall have no recourse against, nor shall there be any personal liability to, the members of any BorrowerMortgagor, or to any shareholders, members, partners, beneficial interest holders or any other entity or person in the ownership (directly or indirectly) of any Borrower Mortgagor (except for the Guarantor as provided in the Guaranty, but including KBSII REIT ACQUISITION I, LLC, KBSII REIT ACQUISITION XXV, LLC, KBSII REIT ACQUISITION V, LLC, KBS LIMITED PARTNERSHIP II or KBS REAL ESTATE INVESTMENT TRUST II, INC.) with respect to the obligations of ▇▇▇▇▇▇▇▇ and Guarantor under the Loan). For purposes of clarification, in no event shall the above language limit, reduce or otherwise affect any Borrower's Mortgagor’s liability or obligations under the Loan Documents, Guarantor’s 's liability or obligations under the Guaranty or AgentMortgagee's right to exercise any rights or remedies against any collateral securing the Loan.

Limited Recourse Provision. Except as to Guarantor as set forth in the Guaranty, Agent Mortgagee and Lenders shall have no recourse against, nor shall there be any personal liability to, the members of any BorrowerMortgagor, or to any shareholders, members, partners, beneficial interest holders or any other entity or person in the ownership (directly or indirectly) of any Borrower Mortgagor (except for the Guarantor as provided in the Guaranty, but including KBSII REIT ACQUISITION I, LLC, KBSII REIT ACQUISITION XXV, LLC, KBSII REIT ACQUISITION V, LLC, KBS LIMITED PARTNERSHIP II or KBS REAL ESTATE INVESTMENT TRUST II, INC.) with respect to the obligations of ▇▇▇▇▇▇▇▇ and Guarantor under the Loan). For purposes of clarification, in no event shall the above language limit, reduce or otherwise affect any BorrowerMortgagor's liability or obligations under the Loan Documents, Guarantor’s liability or obligations under the Guaranty or AgentMortgagee's right to exercise any rights or remedies against any collateral securing the Loan.