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shareholder, partner, member, officer, employee, servant, executive, director, agent, authorized representative or affiliate of Borrower or any member of Borrower, (each such Person, an \u201cExculpated Party\u201d) shall be personally liable for payments due hereunder or under any other Loan Document or for the performance of any obligation, or breach of any representation or warranty made by Borrower hereunder or thereunder. The sole recourse of the Lender and the Lending Group for satisfaction of the obligations of Borrower hereunder and under any other Loan Document shall be against Borrower and its assets and not against any assets or property of any such Exculpated Party other than the direct or indirect ownership interest of such Exculpated Party in Borrower. In the event that an Event of Default occurs in connection with such obligations, no action shall be brought against any such Exculpated Party by virtue of its direct or indirect ownership interest in Borrower. In the event of foreclosure or other sale or disposition of the Premises, no judgment for any deficiency upon the obligations hereunder or under any other Loan Document shall be obtainable by the Lender or the Lending Group against any such Exculpated Party. Notwithstanding the foregoing, nothing in this paragraph shall affect or diminish the obligations of Borrower or Guarantor under or in respect of each Loan Document to which it is a party, including the Guarantees (including the right to name any Guarantor in any foreclosure action in connection with its obligations under the Guarantees). Notwithstanding the foregoing provisions of this paragraph, each Exculpated Party shall be personally (and on a full recourse basis) liable for and shall indemnify and defend Lender and the Lending Group from and against, and shall hold Lender and the Lending Group harmless of, from and against any deficiency, liability, loss, damage, costs, and expenses (including legal fees and disbursements) suffered by Lender and/or the Lending Group and caused by, or arising out of or as a result of any of the following: (i) such Person\u2019s commission of a criminal act, (ii) such Person\u2019s failure to comply with the provisions of the Loan Documents prohibiting a transfer or Change of Control; (iii) such Person\u2019s misappropriation of any cash flow or other revenue derived from or in respect of the Project, including security deposits, insurance proceeds, condemnation awards, or any rental, sales or other income derived directly or indirectly from the Project, or the misapplication of any of the foregoing sums, in either event, in contravention of any provision of the Mortgage or the other Loan Documents; (iv) such Person\u2019s fraud or misrepresentation or inaccurate certification made at any time in connection with the Loan Documents or the Indebtedness; (v) such Person\u2019s intentional interference with Lender\u2019s (or the Lending Groups\u2019) exercise of its rights under any of the Loan Documents; (vi) such Person\u2019s intentional destruction or removal of fixtures or personal property securing the Obligations unless replaced by items of equal value and utility; (vii) such Person\u2019s misapplication or misappropriation of funds disbursed from the Project Fund; (viii) such Person\u2019s commissions of intentional waste to or of the Project or any portion thereof or failure to maintain the Project and the Premises in the manner required by the Loan Documents; (ix) failure to maintain the insurance coverage required by the Loan Documents; (x) failure to pay 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or examiner for Borrower or any portion of the Project; or", "samples": [{"hash": "j0eAySfGe02", "uri": "/contracts/j0eAySfGe02#recourse-liability", "label": "Loan Agreement (Acadia Realty Trust)", "score": 22.8343601227, "published": true}, {"hash": "je6JSFE87vF", "uri": "/contracts/je6JSFE87vF#recourse-liability", "label": "Building Loan Agreement (Acadia Realty Trust)", "score": 22.338809967, "published": true}, {"hash": "28QKnHfeaJw", "uri": "/contracts/28QKnHfeaJw#recourse-liability", "label": "Loan Agreement (Acadia Realty Trust)", "score": 22.338809967, "published": true}], "size": 12, "hash": "53e013936cf09c5b298cd326140d5665", "id": 1}, {"snippet_links": [{"key": "guarantor-hereby", "type": "clause", "offset": [0, 16]}, {"key": "with-respect-to", "type": "clause", "offset": [91, 106]}, {"key": "agreements-of-guarantor", "type": "clause", "offset": [125, 148]}, {"key": "this-guaranty", "type": "clause", "offset": [155, 168]}, {"key": "this-agreement", "type": "clause", "offset": [173, 187]}], "snippet": "Guarantor hereby agrees that Guarantor and its assets shall be fully and personally liable with respect to the covenants and agreements of Guarantor under this Guaranty and this Agreement.", "samples": [{"hash": "2UXyRmuTwtt", "uri": "/contracts/2UXyRmuTwtt#recourse-liability", "label": "Credit Agreement (BlackRock Monticello Debt Real Estate Investment Trust)", "score": 36.8767967224, "published": true}, {"hash": "dXX0xlpTvgS", "uri": "/contracts/dXX0xlpTvgS#recourse-liability", "label": "Credit Agreement (BlackRock Monticello Debt Real Estate Investment Trust)", "score": 36.5920600891, "published": true}], "size": 2, "hash": "c1bf3926f962ede9be6fa8d32bca12bd", "id": 5}, {"snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "full-recourse", "type": "definition", "offset": [23, 36]}, {"key": "the-loan", "type": "clause", "offset": [72, 80]}, {"key": "the-borrower-shall", "type": "clause", "offset": [86, 104]}, {"key": "personal-liability", "type": "clause", "offset": [110, 128]}, {"key": "with-respect-to", "type": "clause", "offset": [129, 144]}, {"key": "the-obligation", "type": "clause", "offset": [145, 159]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [190, 224]}], "snippet": "The Company shall have full recourse against the Borrower on account of the Loan, and the Borrower shall have personal liability with respect to the obligation hereunder and with respect to the representations and warranties contained herein.", "samples": [{"hash": "hy1dPfP60V7", "uri": "/contracts/hy1dPfP60V7#recourse-liability", "label": "Loan and Stock Purchase Agreement (S&k Famous Brands Inc)", "score": 16.0, "published": true}, {"hash": "5P3H6bpYwdc", "uri": "/contracts/5P3H6bpYwdc#recourse-liability", "label": "Loan and Stock Purchase Agreement (S&k Famous Brands Inc)", "score": 16.0, "published": true}], "size": 2, "hash": "d2b95e844b5572b3e9b598972ecb67b9", "id": 7}, {"snippet_links": [{"key": "the-limited-partners", "type": "clause", "offset": [12, 32]}, {"key": "liability-for", "type": "clause", "offset": [68, 81]}, {"key": "payment-or-performance", "type": "clause", "offset": [86, 108]}, {"key": "borrower-party", "type": "clause", "offset": [163, 177]}, {"key": "intentional-misconduct", "type": "definition", "offset": [180, 202]}, {"key": "loan-proceeds", "type": "definition", "offset": [240, 253]}, {"key": "fully-recourse", "type": "clause", "offset": [263, 277]}, {"key": "the-general-partner", "type": "clause", "offset": [281, 300]}, {"key": "obligations-shall", "type": "definition", "offset": [342, 359]}], "snippet": "(i) Neither the Limited Partners nor General Partner shall have any liability for the payment or performance of the Obligations, except that losses arising from a Borrower Party\u2019s intentional misconduct, fraud, or willful misapplication of Loan proceeds shall be fully recourse to the General Partner.\n(ii) The payment and 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"clause", "offset": [454, 476]}], "snippet": "Sections 9(c)(i) and (c)(ii) of the Note will be operative only after Equity Investor has been given 30 days\u2019 notice of the Event of Default described in the Note, together with an opportunity within such 30-day period to remedy the applicable Event of Default. In all events, Lender may, during such 30-day period, exercise all of its rights and remedies under this Loan Agreement upon the occurrence of such Event of Default, other than foreclosure of the Mortgaged Property.", "samples": [{"hash": "d3gq1hPvWzS", "uri": "/contracts/d3gq1hPvWzS#recourse-liability", "label": "Multifamily Loan and Security Agreement", "score": 29.6894207001, "published": true}, {"hash": "bS9QxzqHQD9", "uri": "/contracts/bS9QxzqHQD9#recourse-liability", "label": "Rider to Multifamily Loan and Security Agreement", "score": 24.3415470123, "published": true}, {"hash": "BpwQyNYL4R", "uri": "/contracts/BpwQyNYL4R#recourse-liability", "label": "Multifamily Loan and Security Agreement", "score": 24.315536499, "published": true}], "size": 3, "hash": "1d8592be99c85514bcf7a3afb734dbb5", "id": 3}, {"snippet_links": [{"key": "the-provisions-of", "type": "clause", "offset": [0, 17]}, {"key": "the-loan-agreement", "type": "clause", "offset": [42, 60]}, {"key": "incorporated-by-reference", "type": "clause", "offset": [72, 97]}, {"key": "to-the-same-extent", "type": "definition", "offset": [113, 131]}], "snippet": "The provisions of Sections 7.1 and 7.2 of the Loan Agreement are hereby incorporated by reference into this Note to the same extent and with the same force as if fully set forth herein.", "samples": [{"hash": "dqOwMNEiOSC", "uri": "/contracts/dqOwMNEiOSC#recourse-liability", "label": "Promissory Note (Stratus Properties Inc)", "score": 34.1950721741, "published": true}, {"hash": "7I6by18beV6", "uri": "/contracts/7I6by18beV6#recourse-liability", "label": "Promissory Note (Stratus Properties Inc)", "score": 33.9021224976, "published": true}], "size": 2, "hash": "c545489039327a9d5f5fff38fc759a89", "id": 4}, {"snippet_links": [{"key": "project-note", "type": "clause", "offset": [36, 48]}, {"key": "equity-investor", "type": "definition", "offset": [78, 93]}, {"key": "default-described", "type": "clause", "offset": [141, 158]}, {"key": "day-period", "type": "definition", "offset": [224, 234]}, {"key": "applicable-event", "type": "definition", "offset": [249, 265]}, {"key": "all-events", "type": "clause", "offset": [281, 291]}, {"key": "lender-may", "type": "definition", "offset": [301, 311]}, {"key": "rights-and-remedies", "type": "clause", "offset": [360, 379]}, {"key": "continuing-covenant-agreement", "type": "definition", "offset": [391, 420]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [493, 515]}], "snippet": "Sections 9(c)(i) and (c)(ii) of the Project Note will be operative only after Equity Investor has been given 30 days\u2019 notice of the Event of Default described in the Project Note, together with an opportunity within such 30-day period to remedy the applicable Event of Default. In all events, Funding Lender may, during such 30-day period, exercise all of its rights and remedies under this Continuing Covenant Agreement upon the occurrence of such Event of Default, other than foreclosure of the Mortgaged Property.", "samples": [{"hash": "2wCsuk8uagN", "uri": "/contracts/2wCsuk8uagN#recourse-liability", "label": "Rider to Continuing Covenant Agreement", "score": 25.0616016388, "published": true}, {"hash": "f3hgMOoQq9z", "uri": "/contracts/f3hgMOoQq9z#recourse-liability", "label": "Continuing Covenant Agreement", "score": 23.8542098999, "published": true}], "size": 2, "hash": "56667ea7c4f2269304634d9c0a0fc263", "id": 6}, {"snippet_links": [{"key": "financial-consequences", "type": "definition", "offset": [28, 50]}, {"key": "resulting-from", "type": "definition", "offset": [51, 65]}, {"key": "civil-responsibility", "type": "clause", "offset": [66, 86]}, {"key": "in-the-case", "type": "clause", "offset": [162, 173]}, {"key": "if-applicable", "type": "clause", "offset": [190, 203]}, {"key": "real-estate", "type": "definition", "offset": [208, 219]}, {"key": "the-leased-premises", "type": "definition", "offset": [302, 321]}, {"key": "in-addition-to", "type": "clause", "offset": [455, 469]}, {"key": "property-manager", "type": "clause", "offset": [498, 514]}, {"key": "responsibility-of-the-lessee", "type": "clause", "offset": [554, 582]}, {"key": "glass-breakage", "type": "clause", "offset": [629, 643]}, {"key": "computer-data", "type": "clause", "offset": [715, 728]}, {"key": "insurance-company", "type": "definition", "offset": [818, 835]}, {"key": "insurance-policies", "type": "definition", "offset": [876, 894]}, {"key": "the-owner", "type": "clause", "offset": [942, 951]}, {"key": "notification-of", "type": "definition", "offset": [1057, 1072]}, {"key": "in-return", "type": "clause", "offset": [1167, 1176]}, {"key": "insurance-policy", "type": "definition", "offset": [1289, 1305]}, {"key": "payment-of-annual-premiums", "type": "clause", "offset": [1324, 1350]}, {"key": "on-demand", "type": "clause", "offset": [1351, 1360]}, {"key": "activities-conducted-by-the-lessee", "type": "clause", "offset": [1369, 1403]}, {"key": "insurance-premiums", "type": "definition", "offset": [1418, 1436]}, {"key": "other-tenants", "type": "definition", "offset": [1452, 1465]}, {"key": "lessee-shall", "type": "clause", "offset": [1486, 1498]}, {"key": "to-compensate", "type": "clause", "offset": [1508, 1521]}, {"key": "third-parties", "type": "clause", "offset": [1663, 1676]}, {"key": "to-the-lessor", "type": "clause", "offset": [1736, 1749]}, {"key": "irrespective-of-the", "type": "clause", "offset": [1751, 1770]}, {"key": "repair-of", "type": "clause", "offset": [2022, 2031]}, {"key": "manner-of", "type": "definition", "offset": [2036, 2045]}, {"key": "ventilation-shafts", "type": "definition", "offset": [2070, 2088]}, {"key": "in-the-event-of", "type": "definition", "offset": [2293, 2308]}, {"key": "theft-or-burglary", "type": "clause", "offset": [2309, 2326]}, {"key": "communal-areas", "type": "clause", "offset": [2364, 2378]}, {"key": "in-accordance-with", "type": "clause", "offset": [2380, 2398]}, {"key": "civil-code", "type": "clause", "offset": [2435, 2445]}, {"key": "in-the-building", "type": "clause", "offset": [2578, 2593]}, {"key": "parts-of-the", "type": "clause", "offset": [2699, 2711]}, {"key": "lessee-waivers", "type": "clause", "offset": [2726, 2740]}, {"key": "terms-of", "type": "clause", "offset": [2757, 2765]}, {"key": "other-cause", "type": "clause", "offset": [2913, 2924]}, {"key": "criminal-act", "type": "clause", "offset": [3111, 3123]}, {"key": "other-parts", "type": "clause", "offset": [3154, 3165]}, {"key": "the-authority", "type": "clause", "offset": [3373, 3386]}, {"key": "use-of-the-premises", "type": "clause", "offset": [3480, 3499]}, {"key": "by-a-third-party", "type": "clause", "offset": [3500, 3516]}, {"key": "necessary-for", "type": "definition", "offset": [4017, 4030]}, {"key": "electricity-supply", "type": "definition", "offset": [4132, 4150]}, {"key": "failure-of-the", "type": "clause", "offset": [4154, 4168]}, {"key": "insufficient-ventilation", "type": "definition", "offset": [4228, 4252]}, {"key": "responsible-for", "type": "clause", "offset": [4384, 4399]}, {"key": "damaged-goods", "type": "definition", "offset": [4400, 4413]}, {"key": "other-damages", "type": "clause", "offset": [4417, 4430]}], "snippet": "The Lessor warrants for the financial consequences resulting from civil responsibility that he/she may incur in his role as owner. The Lessor warrants himself or in the case of co-ownership if applicable his real estate as well as any fittings, installations of a real-estate nature. In the event that the leased premises are made up, totally or partially of co-owned lots, the lessor has the capacity to take out any more securities that he deems useful in addition to guarantees taken out by the property manager. The corresponding premiums remain the responsibility of the Lessee. The Lessee is bound to: \u2022 Insure himself for glass breakage, fire, explosions, for his furnishings, materials, goods, information, computer data, as well as for tenants\u2019 risks and the recourse of neighbours \u2013 with a reputably solvent insurance company \u2013 which may be appointed by the Lessor. Insurance policies must include a waiver for all recourse against the owner and his/her intermediary and warn that their suspension or resolution can only have effect 15 days after notification of the Lessor\u2019s insurers. The Lessor pledges to himself and to his insurers that he shall waiver in return, any recourse that they may have against the Lessee and his insurers. \u2022 Produce within a fortnight the relevant insurance policy and vouch for the payment of annual premiums on demand. If the activities conducted by the Lessee require extra insurance premiums for the owner, other tenants or neighbours \u2013 the Lessee shall be bound to compensate the Lessor for the amount of these extra premiums and any further consequences and to guarantee against any complaints from other tenants or third parties. \u2022 Declare any accidents that occur on the leased premises to the Lessor, irrespective of the scale or importance of the accident and even if there no apparent damage is caused. \u2022 Remove any panels or decorations at his/her expense, as well as any installations which he/she may have installed \u2013 that once removed will facilitate the search and repair of all manner of leaks, cracks in flues, ventilation shafts and notably after fire or water seepage. \u2022 Insure for theft \u2013 the furnishings, goods and any assets even if they are intangible \u2013 which are found in the leased premises. The lessor does not provide cover in the event of theft or burglary inside the leased premises or in the communal areas, in accordance with the measures of article 1725 of the civil code. \u2022 Abstain from anything which might itself be harmful or prove harmful to those who use it, or indeed to other shops or businesses in the building or which may affect the calm and peace of the other tenants. Not to wrap or unwrap goods in the communal parts of the building. The Lessee waivers any recourse in terms of responsibility against the Lessor: \u2022 In the event that the leased premises come to be damaged or destroyed by neglect, construction faults, or any other cause which do not reflect the wishes of the Lessor. This lease will by rights be terminated without consultation. \u2022 In the event that the Lessee falls victim to burglary, any misdemeanour or criminal act within the leased premises or other parts of the building for whatever reason. \u2022 In the event that the premises or the building come to be expropriated, any actions in this respect can only be undertaken by the Lessee or his legal claimants against the authority responsible \u2013 who the Lessee should subpoena directly. \u2022 In the event that disruption to the use of the premises by a third party, in whatever way, the Lessee shall pursue them directly without being able to blame the Lessor or his intermediary. \u2022 In the event that damp, leaks, water seepage, flooding or any other cause, as well as leaks from communal pipework concealed by panelling installed by the Lessor, the Lessee must always insure himself for these risks. \u2022 In the event of danger no matter what the cause, the Lessee must furthermore protect by his own means and at his own expense real estate fittings during the time necessary for contractors to intervene and carry out repairs. \u2022 In the event of interruption of the water, gas and electricity supply or failure of the heating or lift, even this is prolonged. \u2022 In the event of insufficient ventilation or lighting in the basements, if it occurs, such as in the event of flooding \u2013 even from sewage backflow, the Lessor is not at all responsible for damaged goods or other damages.", "samples": [{"hash": "dycwQyMUUe5", "uri": "/contracts/dycwQyMUUe5#recourse-liability", "label": "Commercial Lease (Homeaway Inc)", "score": 20.1882266998, "published": true}], "size": 2, "hash": "e44b98606497a446f74865089f7d2094", "id": 8}, {"snippet_links": [{"key": "amount-requested", "type": "clause", "offset": [36, 52]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [92, 120]}, {"key": "resulting-from", "type": "definition", "offset": [207, 221]}, {"key": "principal-balances", "type": "definition", "offset": [240, 258]}, {"key": "in-accordance-with", "type": "clause", "offset": [296, 314]}, {"key": "merchant-services-agreement", "type": "clause", "offset": [319, 346]}, {"key": "without-limitation", "type": "clause", "offset": [358, 376]}, {"key": "existing-principal-balance", "type": "definition", "offset": [386, 412]}, {"key": "at-the-time", "type": "clause", "offset": [413, 424]}, {"key": "the-account", "type": "clause", "offset": [425, 436]}, {"key": "subsequent-charges", "type": "clause", "offset": [487, 505]}, {"key": "account-for-the", "type": "clause", "offset": [533, 548]}, {"key": "duration-of-the", "type": "clause", "offset": [549, 564]}, {"key": "liability-for", "type": "clause", "offset": [590, 603]}, {"key": "monthly-basis", "type": "clause", "offset": [658, 671]}, {"key": "reserve-account", "type": "definition", "offset": [707, 722]}, {"key": "approved-by", "type": "definition", "offset": [774, 785]}, {"key": "subject-to", "type": "definition", "offset": [867, 877]}, {"key": "to-the-extent", "type": "clause", "offset": [918, 931]}, {"key": "services-department", "type": "clause", "offset": [963, 982]}, {"key": "agrees-to", "type": "clause", "offset": [1020, 1029]}, {"key": "prior-to", "type": "definition", "offset": [1056, 1064]}, {"key": "satisfactory-completion-of", "type": "definition", "offset": [1076, 1102]}, {"key": "authentication-procedures", "type": "definition", "offset": [1114, 1139]}, {"key": "the-principal-amount", "type": "definition", "offset": [1165, 1185]}, {"key": "any-loss", "type": "definition", "offset": [1189, 1197]}, {"key": "with-respect-to", "type": "clause", "offset": [1267, 1282]}, {"key": "be-responsible", "type": "clause", "offset": [1333, 1347]}, {"key": "fraud-losses", "type": "clause", "offset": [1381, 1393]}, {"key": "the-credit-limit", "type": "clause", "offset": [1407, 1423]}, {"key": "no-recourse", "type": "clause", "offset": [1484, 1495]}, {"key": "the-charge", "type": "clause", "offset": [1520, 1530]}, {"key": "credit-line", "type": "definition", "offset": [1600, 1611]}, {"key": "date-of-this", "type": "clause", "offset": [1674, 1686]}, {"key": "letter-agreement", "type": "definition", "offset": [1687, 1703]}, {"key": "recourse-status", "type": "clause", "offset": [1770, 1785]}, {"key": "data-processing-system", "type": "definition", "offset": [1793, 1815]}, {"key": "the-future", "type": "clause", "offset": [1834, 1844]}, {"key": "sole-discretion", "type": "clause", "offset": [1893, 1908]}, {"key": "to-be-reclassified", "type": "clause", "offset": [1950, 1968]}, {"key": "zero-balance", "type": "clause", "offset": [2088, 2100]}, {"key": "removal-of", "type": "clause", "offset": [2138, 2148]}, {"key": "no-further-liability", "type": "clause", "offset": [2283, 2303]}, {"key": "cost-of", "type": "definition", "offset": [2410, 2417]}, {"key": "systems-development", "type": "clause", "offset": [2429, 2448]}, {"key": "related-to", "type": "clause", "offset": [2449, 2459]}, {"key": "obligation-to", "type": "clause", "offset": [2555, 2568]}, {"key": "potential-removal", "type": "clause", "offset": [2609, 2626]}, {"key": "in-the-event", "type": "clause", "offset": [2665, 2677]}, {"key": "a-portion", "type": "definition", "offset": [2778, 2787]}, {"key": "receipt-of", "type": "clause", "offset": [2903, 2913]}, {"key": "fifty-percent", "type": "definition", "offset": [2935, 2948]}, {"key": "collected-amount", "type": "definition", "offset": [2967, 2983]}, {"key": "termination-of-the", "type": "clause", "offset": [3022, 3040]}], "snippet": "Citibank shall extend credit in the amount requested for Big Ticket Recourse Accounts, and, except as otherwise provided herein, Zale shall be liable for and bear all of the losses (the \u201cBig Ticket Losses\u201d) resulting from charge off of the principal balances of such Big Ticket Recourse Accounts in accordance with the Merchant Services Agreement including, without limitation: (1) any existing principal balance at the time the Account becomes a Big Ticket Recourse Account and (2) all subsequent charges to the Big Ticket Recourse Account for the duration of the Account. Zale\u2019s recourse liability for Big Ticket Recourse Accounts shall be calculated on a monthly basis and charged against the Big Ticket Reserve Account as outlined below up to the amount of such Account approved by Zale as provided herein. Any Accounts in the Big Ticket Recourse Program will be subject to chargeback to Zale for Cardholder fraud to the extent provided below. If Z\u2587\u2587\u2587 Credit Services Department requests that Citibank, and Citibank agrees to, approve any such Account prior to Citibank\u2019s satisfactory completion of its normal authentication procedures, Zale shall bear 100% of the principal amount of any loss on such Big Ticket Recourse Account resulting from Cardholder fraud. With respect to all other Big Ticket Recourse Accounts, Zale will be responsible only for the principal amount of fraud losses in excess of the credit limit Citibank would have otherwise approved. Citibank shall have no recourse to Zale with respect to the charge off of principal balances resulting from Big Ticket Recourse Account credit line increases that were not expressly approved by Zale. As of the date of this Letter Agreement, Citibank does not reclassify Big Ticket Recourse Accounts to non-recourse status on its data processing system. Citibank may, in the future, develop means that Citibank determines, in its sole discretion, will allow Big Ticket Recourse Accounts to be reclassified to non-recourse status in a controlled and efficient manner. In such event, Citibank will consider reclassification of zero balance Big Ticket Recourse Accounts and the removal of such Accounts from the Big Ticket Recourse Program. Upon removal of any Account from the Big Ticket Recourse Program, Zale shall have no further liability for any such Account under this Letter Agreement. Citibank may, at its option, request that Zale bear the cost of any unique systems development related to the means described above. If Zale elects not to bear the cost, Citibank shall have no further obligation to review Big Ticket Recourse Accounts for potential removal from the Big Ticket Recourse Program. In the event Citibank is reimbursed by Zale for any loss on any Big Ticket Account as provided herein and all or a portion of such Account is subsequently collected by Citibank, Citibank shall promptly (and in any event within 10 days of receipt of any such amount) pay fifty percent (50%) of any such collected amount to Zale. This provision shall survive termination of the Merchant Services Agreement.", "samples": [{"hash": "9sNsaaivoSC", "uri": "/contracts/9sNsaaivoSC#recourse-liability", "label": "Merchant Services Agreement, Insurance Services Agreement (Zale Corp)", "score": 19.0, "published": true}], "size": 2, "hash": "dcc7e224b0c81f4e271abadcecd4ffce", "id": 9}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtyZWNvdXJzZS1saWFiaWxpdHkjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["recourse-liability", "Recourse Liability"], ["no-waiver-of-certain-rights", "No Waiver of Certain Rights"]], "parents": [["recourse-liability", "Recourse Liability"], ["limitation-on-personal-liability-and-indemnities", "LIMITATION ON PERSONAL LIABILITY AND INDEMNITIES"], ["miscellaneous-provisions", "Miscellaneous Provisions"], ["borrower-provisions", "Borrower Provisions"], ["miscellaneous", "Miscellaneous"]], "title": "Recourse Liability", "size": 40, "id": "recourse-liability", "related": [["nonrecourse-liabilities", "Nonrecourse Liabilities", "Nonrecourse Liabilities"], ["excess-nonrecourse-liabilities", "Excess Nonrecourse Liabilities", "Excess Nonrecourse Liabilities"], ["allocation-of-excess-nonrecourse-liabilities", "Allocation of Excess Nonrecourse Liabilities", "Allocation of Excess Nonrecourse Liabilities"], ["minimum-gain-chargeback-nonrecourse-liabilities", "Minimum Gain Chargeback (Nonrecourse Liabilities)", "Minimum Gain Chargeback (Nonrecourse Liabilities)"], ["contribution-in-the-event-of-joint-liability", "CONTRIBUTION IN THE EVENT OF JOINT LIABILITY", "CONTRIBUTION IN THE EVENT OF JOINT LIABILITY"]], "related_snippets": [], "updated": "2026-04-15T04:23:14+00:00"}, "json": true, "cursor": ""}}