Common use of Other Recourse Clause in Contracts

Other Recourse. ▇▇▇▇▇▇▇▇ will be personally liable to Lender for all the following: (a) The performance of all of Borrower’s obligations under Sections 6.12, 10.02(b), and 10.02(e). (b) The costs of any audit under Section 6.07. (c) Any costs and expenses incurred by ▇▇▇▇▇▇ in connection with the collection of any amount for which ▇▇▇▇▇▇▇▇ is personally liable under this Article III, including Attorneys’ Fees and Costs and the costs of conducting an independent audit of ▇▇▇▇▇▇▇▇’s books and records to determine the amount for which Borrower has personal liability. (d) Any fees, costs, or expenses incurred by Lender in conjunction with Borrower’s termination of any agreement for the provision of services to or in connection with the Mortgaged Property, including cable, internet, garbage collection, landscaping, security, and cleaning. (e) through (q) are reserved.

Appears in 2 contracts

Sources: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement