Common use of EXCEPTIONS; FULL RECOURSE Clause in Contracts

EXCEPTIONS; FULL RECOURSE. Notwithstanding the foregoing, or anything to the contrary contained in this Guaranty or the other Loan Documents, the limitation on liability set forth in Section 1 above shall be null and void and completely inapplicable, and Guarantor shall be fully and personally liable for the payment and performance of all obligations set forth in the Loan Agreement and the other Loan Documents, including the payment of all principal, interest and other amounts under the Note, in immediately available funds, upon the occurrence of (a) any event referred to in Section 11.1(f)(i) of the Loan Agreement (provided, that, for purposes of this Guaranty, the 60-day time period for dismissal referred to in Section 11.1(f)(i) of the Loan Agreement shall be increased to 120 days), or (b) any event referred to in Section 11.1(g) of the Loan Agreement.

Appears in 3 contracts

Sources: Limited Guaranty (KBS Real Estate Investment Trust III, Inc.), Mezzanine Limited Guaranty (KBS Strategic Opportunity REIT, Inc.), Limited Guaranty (KBS Strategic Opportunity REIT, Inc.)

EXCEPTIONS; FULL RECOURSE. Notwithstanding the foregoing, or anything to the contrary contained in this Guaranty or the other Loan Documents, the limitation on liability set forth in Section 1 above shall be null and void and completely inapplicable, and Guarantor shall be fully and personally liable for the payment and performance of all obligations set forth in the Loan Agreement and the other Loan Documents, including the payment of all principal, interest and other amounts under the Note, in immediately available funds, upon the occurrence of (a) any event referred to in Section 11.1(f)(i10.1(g) of the Loan Agreement (provided, that, for purposes of this Guaranty, the sixty (60-) day time period for dismissal referred to in Section 11.1(f)(i10.1(g) of the Loan Agreement shall be increased to 120 one hundred twenty (120) days), or (b) any event referred to in Section 11.1(g10.1(f)(i) of the Loan Agreement.

Appears in 1 contract

Sources: Partial Repayment and Limited Guaranty (KBS Strategic Opportunity REIT II, Inc.)

EXCEPTIONS; FULL RECOURSE. Notwithstanding the foregoing, or anything to the contrary contained in this Guaranty or the other Loan Documents, the limitation on liability set forth in Section 1 above shall be null and void and completely inapplicable, and Guarantor shall be fully and personally liable for the payment and performance of all obligations set forth in the Loan Agreement and the other Loan Documents, including the payment of all principal, interest and other amounts under the Note, in immediately available funds, upon the occurrence of (a) any event referred to in Section 11.1(f)(i10.1(g) of the Loan Agreement (provided, that, for purposes of this Guaranty, the 60-ninety (90) day time period for dismissal referred to in Section 11.1(f)(i10.1(g) of the Loan Agreement shall be increased to 120 one hundred twenty (120) days), or (b) any event referred to in Section 11.1(g11.1(f)(i) of the Loan Agreement.

Appears in 1 contract

Sources: Limited Guaranty (KBS Strategic Opportunity REIT II, Inc.)