Common use of Recourse Liability Clause in Contracts

Recourse Liability. The Company shall have full recourse against the Borrower on account of the Loan, and the Borrower shall have personal liability with respect to the obligation hereunder and with respect to the representations and warranties contained herein.

Appears in 2 contracts

Sources: Loan and Stock Purchase Agreement (S&k Famous Brands Inc), Loan and Stock Purchase Agreement (S&k Famous Brands Inc)