Full Recourse Obligations. The obligations of each Guarantor set forth herein constitute the full recourse obligations of such Guarantor enforceable against it to the full extent of all its assets and properties.
Full Recourse Obligations. The obligations of the Parent Guarantor set forth herein constitute the full recourse obligations of the Parent Guarantor enforceable against it to the full extent of all its assets and properties.
Full Recourse Obligations. Notwithstanding anything to the contrary contained in this Mortgage or the other Loan Documents, the exculpation provisions of subparagraph (a) above will BECOME NULL AND VOID and the Loan will be FULLY RECOURSE to Mortgagor and any guarantor under any guaranty in the event that Mortgagor, any guarantor under any guaranty or any indemnitor under any indemnity agreement (i) commences as debtor any case or proceeding under any bankruptcy, insolvency, reorganization, liquidation, dissolution or similar law, (ii) has appointed for it or the whole or any substantial part of its property (other than upon the petition or filing of Mortgagee) a receiver, conservator, trustee, custodian, manager, liquidator, or similar official, by any governmental authority; (iii) makes a proposal or any assignment for the benefit of its creditors, or enters into an arrangement or composition or similar plan or scheme with or for the benefit of creditors generally occurring in circumstances in which such entity is unable to meet its obligations as they become due; (iv) has filed against it any case or proceeding under any bankruptcy, insolvency, reorganization, liquidation, dissolution or similar law which (a) is consented to or not timely contested by such entity, or (b) is not dismissed within one hundred twenty (120) days; (v) if required to do so under the terms of this Mortgage or the other Loan Documents, fails to maintain its status as a single purpose, bankruptcy-remote entity pursuant to its organizational documents and this Mortgage and the other Loan Documents; or (vi) by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, asserts or has filed against Mortgagor or any guarantor a claim that the transaction creating the lien of this Mortgage is either (a) a fraudulent conveyance or fraudulent transfer, or (b) a preferential transfer.
Full Recourse Obligations. 32.4 The limitation on personal liability contained in Clause 32.1 shall not apply, and the Senior Finance Parties may have recourse against the Relevant Borrower and all of its assets without any limitation:
Full Recourse Obligations. The obligations of each Subsidiary Guarantor set forth herein constitute the full recourse obligations of such Subsidiary Guarantor enforceable against it to the full extent of all its assets and properties. SECTION 5.
Full Recourse Obligations. 5 1.4. Independent Obligations; Waiver . . . . . . . 5 1.5. Subordination of Claims Against Company; Subrogation. . . . . . . . . . . . . 6 1.6. Effect of Bankruptcy Proceedings, etc.. . . . 6
Full Recourse Obligations. The Obligations of each of the Borrowers under the provisions of this REF 19 constitute full recourse Obligations of each of the Borrowers enforceable against each such Person to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any other circumstance whatsoever.
Full Recourse Obligations. It is the desire and intent of Holdings, the Lender and the other Creditors that this Article IX shall be enforced as a full recourse obligation of Holdings to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought.
Full Recourse Obligations. The Pledgor hereby acknowledges and agrees that the Pledgee's recourse against the Pledgor hereunder shall not be limited to the Pledged Collateral.
Full Recourse Obligations. It is the desire and intent of the Guarantor and the Agent that subject to the provisions of Section 2.2, this Agreement shall be enforced as a full recourse obligation of the Guarantor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought.
