Nonrecourse. Except as expressly provided in this Section 3(i), the Borrower shall not have personal liability for payment of the principal of, or interest on, this AHIF Note, and the sole recourse of the County with respect to the payment of the principal of, and interest on, this AHIF Note shall be to the Property and any other collateral held by the County as security for this AHIF Note; provided however, nothing contained in the foregoing limitation of liability shall:
Appears in 7 contracts
Samples: Loan Agreement, Affordable Housing Investment Fund Loan Agreement, Loan Agreement
Nonrecourse. Except as expressly provided in this Section 3(i), the Borrower and its members shall not have personal liability for payment of the principal of, or interest on, this AHIF Note, and the sole recourse of the County with respect to the payment of the principal of, and interest on, this AHIF Note shall be to the Property and any other collateral held by the County as security for this AHIF Note; provided however, nothing contained in the foregoing limitation of liability shall:
Appears in 2 contracts
Samples: Intercreditor and Subordination Agreement, Intercreditor and Subordination Agreement
Nonrecourse. Except as expressly provided in this Section 3(i), the Borrower and its members shall not have personal liability for payment of the principal of, or interest on, this AHIF Acquisition Note, and the sole recourse of the County with respect to the payment of the principal of, and interest on, this AHIF Acquisition Note shall be to the Xxxxxxx Place Property and any other collateral held by the County as security for this AHIF Acquisition Note; provided however, nothing contained in the foregoing limitation of liability shall:
Appears in 1 contract
Samples: Loan Agreement
