Common use of Exculpatory Clause in Contracts

Exculpatory. The liability of the Leasehold Mortgagor personally to pay the Note or any interest that may accrue thereon, or any Indebtedness or obligation accruing or arising hereunder is limited to the extent set forth in the Guaranty. The liability of the Fee Mortgagor with respect to any and all obligations, liabilities, and responsibilities under this Mortgage is limited to the extent set forth in Article 9 below.

Appears in 1 contract

Sources: First Fee and Leasehold Mortgage

Exculpatory. The liability of the Leasehold Mortgagor ▇▇▇▇▇▇▇▇▇ personally to pay the Note Secured Obligations or any interest that may accrue thereon, or any Indebtedness indebtedness or obligation accruing or arising hereunder is limited to the extent set forth in the Non-Recourse Guaranty. The liability of the Fee Mortgagor with respect to any and all obligations, liabilities, and responsibilities under this Mortgage is limited to the extent set forth in Article 9 below.

Appears in 1 contract

Sources: Second Fee and Leasehold Mortgage