Carveouts From Non-Recourse Limitations. Notwithstanding the foregoing or anything in this Agreement or any of the Loan Documents to the contrary, there shall at no time be any limitation on any Guarantor’s liability for, and Guarantor and the Borrower shall be jointly and severally liable for, the payment, in accordance with the terms of this Agreement, the Notes, the Security Instrument and the other Loan Documents, to Administrative Agent and the Lenders of the following (Recourse Liabilities):
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Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc)
Carveouts From Non-Recourse Limitations. Notwithstanding the foregoing or anything in this Agreement or any of the Loan Documents to the contrary, there shall at no time be any limitation on Borrower’s or any Guarantor’s liability for, and Guarantor and for the Borrower shall be jointly and severally liable for, the paymentpayment (without duplication), in accordance with the terms of this Agreement, the NotesNote, the Security Instrument and the other Loan Documents, to Administrative Agent and the Lenders of the following (Recourse Liabilities):Lender of:
Appears in 1 contract
Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc)
Carveouts From Non-Recourse Limitations. Notwithstanding the foregoing or anything in this Agreement or any of the Loan Documents to the contrary, there shall at no time be any limitation on Borrower's or any Guarantor’s 's liability for, and Guarantor and (except each Guarantor's liability may be several in accordance with the Borrower shall be jointly and severally liable for, terms of the Recourse Guaranty) for the payment, in accordance with the terms of this Agreement, the NotesNote, the Security Instrument and the other Loan Documents, to Administrative Agent and the Lenders of the following (Recourse Liabilities):Lender of:
Appears in 1 contract
Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)
Carveouts From Non-Recourse Limitations. Notwithstanding the foregoing or anything in this Agreement or any of the Loan Documents to the contrary, there shall at no time be any limitation on any Guarantor’s liability for, and Guarantor and the Borrower shall be jointly and severally liable for, the payment, in accordance with the terms of this Agreement, the Notes, the Security Instrument and the other Loan Documents, to Administrative Agent and the Lenders of the following (Recourse Liabilities):following:
Appears in 1 contract
Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc)
Carveouts From Non-Recourse Limitations. Notwithstanding the foregoing or anything in this Agreement or any of the Loan Documents to the contrary, there shall at no time be any limitation on Borrower’s or any Recourse Guarantor’s liability for, and Guarantor and the Borrower shall be jointly and severally liable for, for the payment, in accordance with the terms of this Agreement, the NotesNote, the Security Instrument Collateral Documents and the other Loan DocumentsDocuments and the Specified Interest Rate Contracts, to Administrative Agent and the Lenders of the following (Recourse Liabilities):Secured Parties of:
Appears in 1 contract
Carveouts From Non-Recourse Limitations. Notwithstanding the foregoing or anything in this Agreement or any of the Loan Documents to the contrary, there shall at no time be any limitation on any Guarantor’s liability for, and Guarantor and the Borrower shall be jointly and severally liable for, the payment, in accordance with the terms of this Agreement, the Notes, the Security Instrument and the other Loan Documents, to Administrative Agent and the Lenders of the following (“Recourse Liabilities”):
Appears in 1 contract
Samples: Loan and Security Agreement (Morgans Hotel Group Co.)
Carveouts From Non-Recourse Limitations. Notwithstanding the foregoing or anything in this Agreement or any of the Loan Documents to the contrary, there shall at no time be any limitation on Borrower’s or any Guarantor’s liability for, and Guarantor and the Borrower shall be jointly and severally liable for, for the payment, in accordance with the terms of this Agreement, the Notes, the Security Instrument Instruments and the other Loan DocumentsDocuments and the Specified Interest Rate Contracts, to Administrative Agent and the Lenders of the following (Recourse Liabilities):Secured Parties of:
Appears in 1 contract
