Common use of Limitations of Remedies Clause in Contracts

Limitations of Remedies. Any other provision of this Section 7 notwithstanding, the Bank acknowledges and agrees that all Advances and all remedies as to such Advances are (i) fully subordinated to and may only be paid by Borrower after all obligations then due with respect to any rated debt of Borrower or of any securities issued by Borrower or of any trust of which Borrower in the originator, in whole or in part, (ii) without recourse by the Bank against any assets of Borrower, now owned or hereafter acquired, other than such assets specifically pledged by Borrower and (iii) that such Advances and all remedies provided for in this Section 7 shall not constitute a claim against Borrower to the extent the assets, if any, specifically pledged by Borrower are insufficient to fully pay such Advances.