Non-Recourse Provision. The Company shall look solely to the Pledged Collateral (as defined below) and no other property of Executive shall be subject to levy, or execution for payment of the Loan.
Appears in 2 contracts
Sources: Stock Purchase, Loan and Security Agreement (Water Chef Inc), Stock Purchase, Loan and Security Agreement (Water Chef Inc)
Non-Recourse Provision. The Company shall look solely to the Pledged Collateral (as defined below) and no other property of Executive Consultant shall be subject to levy, or execution for payment of the Loan.
Appears in 1 contract
Sources: Stock Purchase, Loan and Security Agreement (Water Chef Inc)