{"component": "clause", "props": {"groups": [{"size": 3, "samples": [{"hash": "iXXcKaEUuKN", "uri": "/contracts/iXXcKaEUuKN#recourse-limitations", "label": "Share Purchase Agreement (National Instruments Corp)", "score": 31.5900068446, "published": true}], "snippet": "(a) If the Share Purchase is consummated, recovery from the Indemnity Escrow Fund shall constitute the sole and exclusive source of Indemnifiable Damages against any Indemnifying Party under this Agreement for Indemnifiable Damages, with any further recovery to come from the R&W Insurance Policy, for the matters listed in clauses (i), (ii) and (v) of Section 9.2(a), except with respect to (A) any failure of any of the representations and warranties of the Company contained in Section 2.1 (Organization, Standing, Power and Subsidiaries), Section 2.2 (Capital Structure), Section 2.3 (Authority; Noncontravention) (but with respect to representations and warranties related to non-contravention, solely to the extent that they refer to non-contravention with governing documents), Section 2.10 (Taxes) or Section 2.16 (No Brokers) to be true and correct, or of the Company contained in any certificate delivered to Acquirer pursuant to this Agreement that are within the scope of those covered by the foregoing Sections to be true and correct as aforesaid, (B) any fraud by the Company in connection with this Agreement or the transactions contemplated herein, and (C) any failure of any representation or warranty made by such Company Shareholder to be true and correct ((A), (B) and (C) collectively, the \"Special Representations\" and together with clauses (iii), (iv), (vi) and (vii) of Section 9.2(a), the \"Fundamental Claims\").\n(b) In the case of Fundamental Claims (a), each Indemnifying Party\u2019s Liability (other than claims against any Company Shareholders for breaches of covenants, representations and warranties made by such Company Shareholder hereunder) shall be limited to such Indemnifying Party\u2019s Pro Rata Share of the amount of any Indemnifiable Damages resulting therefrom; (b) each Indemnifying Party\u2019s Liability shall be limited to the aggregate amount of cash to which such Indemnifying Party is entitled to receive pursuant to Section 1.1; and (c) with respect to Indemnifiable Damages for any failure of any of the representations and warranties of the Company contained in Section 2.10 (Taxes) to be true and correct, or of the Company contained in any certificate delivered to Acquirer pursuant to this Agreement that are within the scope of those covered by the foregoing Section to be true and correct as aforesaid, which were excluded from the coverage of the R&W Insurance Policy (other than such Indemnifiable Damages which were so excluded due to the disclosure of the underlying matter in Schedule 2.10(a) and 2.10(d)(4)-(5), of the Company Disclosure Schedule as to which the indemnification obligations hereunder shall apply to the same extent as all other Fundamental Claims), the Indemnifying Party\u2019s indemnification obligations hereunder in excess of the Indemnity Escrow Fund shall only apply to any Indemnifiable Damages exceeding such Indemnifiable Damages which would have been recoverable under the R&W Insurance Policy had such Indemnifiable Damages not been so excluded from its coverage; provided that in the case of fraud committed by or at the direction of such Indemnifying Party, recourse against such Indemnifying Party shall be without any limitation and may, at the discretion of Acquirer, be made directly against such Indemnifying Party without first seeking recourse against the Indemnity Escrow Fund. For clarity purposes, subject to the terms and limitations set forth in this ARTICLE 9, the Indemnified Persons shall be entitled to recover Indemnifiable Damages for breach of the relevant representations for any matters which are disclosed for informational purposes only on the Company Disclosure Schedule.\niii. In the event of breaches of representations and warranties under ARTICLE 3 or in any representations, warranties or covenants in any agreement entered into by such Indemnifying Party in connection with the Transactions, no Indemnifying Party shall be liable for any breach by any other Indemnifying Party.\niv. Notwithstanding anything to the contrary contained herein (i) no Indemnifying Party shall have any right of indemnification, contribution or right of advancement from Acquirer, the Company or any other Indemnified Person with respect to any Indemnifiable Damages claimed by any Indemnified Person, (ii) the rights and remedies of the Indemnified Persons after the Closing shall not be limited by (x) any investigation or disclosure made by or on behalf of any Indemnified Person prior to the Closing regarding any failure, breach or other event or circumstance or (y) any waiver of any condition to the Closing related thereto and (iii) the Indemnifying Parties shall not have any right of subrogation against the Company or Acquirer with respect to any indemnification of an Indemnified Person by reason of any of the matters set forth in Section 9.2.\nv. Subject to other limitations set forth in this Article 9, the Indemnified Persons may only be entitled for Indemnifiable Damages arising out of, resulting from or in connection with the matters listed in clauses (i) and (ii) of Section 9.2(a) (other than claims arising out of, resulting from or in connection with Fundamental Claims or Sections \u02dd2.9(b)(i)-\u02dd2.9(b)(xxix) and Section \u02dd2.9(b)(xxxvi) (\"IP Representations\")), if and insofar as the Indemnifiable Damages payable exceed in an aggregate amount of $1,000,000 (the \"Threshold\"), in which event, subject to the other conditions and limitations contained herein, the Indemnifying Parties shall be liable to indemnify the Indemnified Persons for all the Indemnifiable Damages including the amount of the Threshold. For clarity, the Threshold shall not apply to claims for Indemnifiable Damages arising out of, resulting from or in connection with any Fundamental Claims or the IP Representations.", "snippet_links": [{"key": "the-share-purchase", "type": "clause", "offset": [7, 25]}, {"key": "indemnity-escrow-fund", "type": "definition", "offset": [60, 81]}, {"key": "source-of", "type": "definition", "offset": [122, 131]}, {"key": "indemnifiable-damages", "type": "definition", "offset": [132, 153]}, {"key": "indemnifying-party", "type": "definition", "offset": [166, 184]}, {"key": "agreement-for", "type": "clause", "offset": [196, 209]}, {"key": "rw-insurance-policy", "type": "definition", "offset": [276, 296]}, {"key": "in-clauses", "type": "clause", "offset": [321, 331]}, {"key": "section-92", "type": "clause", "offset": [353, 364]}, {"key": "with-respect-to", "type": "clause", "offset": [376, 391]}, {"key": "the-representations-and-warranties-of-the-company", "type": "clause", "offset": [418, 467]}, {"key": "contained-in", "type": "definition", "offset": [468, 480]}, {"key": "section-21", "type": "clause", "offset": [481, 492]}, {"key": "section-22", "type": "clause", "offset": [543, 554]}, {"key": "capital-structure", "type": "clause", "offset": [556, 573]}, {"key": "section-23", "type": "clause", "offset": [576, 587]}, {"key": "related-to", "type": "clause", "offset": [670, 680]}, {"key": "to-the-extent", "type": "clause", "offset": [707, 720]}, {"key": "refer-to", "type": "definition", "offset": [731, 739]}, {"key": "governing-documents", "type": "definition", "offset": [763, 782]}, {"key": "no-brokers", "type": "definition", "offset": [823, 833]}, {"key": "true-and-correct", "type": "clause", "offset": [841, 857]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [928, 954]}, {"key": "scope-of", "type": "definition", "offset": [975, 983]}, {"key": "covered-by", "type": "definition", "offset": [990, 1000]}, {"key": "the-foregoing", "type": "definition", "offset": [1001, 1014]}, {"key": "in-connection-with", "type": "clause", "offset": [1090, 1108]}, {"key": "agreement-or", "type": "definition", "offset": [1114, 1126]}, {"key": "transactions-contemplated-herein", "type": "clause", "offset": [1131, 1163]}, {"key": "representation-or-warranty", "type": "clause", "offset": [1192, 1218]}, {"key": "special-representations", "type": "definition", "offset": [1312, 1335]}, {"key": "fundamental-claims", "type": "definition", "offset": [1415, 1433]}, {"key": "in-the-case", "type": "clause", "offset": [1441, 1452]}, {"key": "company-shareholders", "type": "clause", "offset": [1547, 1567]}, {"key": "breaches-of-covenants", "type": "clause", "offset": [1572, 1593]}, {"key": "pro-rata-share", "type": "definition", "offset": [1716, 1730]}, {"key": "aggregate-amount", "type": "definition", "offset": [1859, 1875]}, {"key": "to-receive", "type": "definition", "offset": [1929, 1939]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1940, 1959]}, {"key": "coverage-of-the", "type": "clause", "offset": [2375, 2390]}, {"key": "disclosure-of", "type": "clause", "offset": [2485, 2498]}, {"key": "the-company-disclosure-schedule", "type": "clause", "offset": [2564, 2595]}, {"key": "indemnification-obligations", "type": "definition", "offset": [2612, 2639]}, {"key": "to-the-same-extent", "type": "definition", "offset": [2662, 2680]}, {"key": "provided-that", "type": "clause", "offset": [3036, 3049]}, {"key": "for-clarity-purposes", "type": "clause", "offset": [3360, 3380]}, {"key": "terms-and-limitations", "type": "clause", "offset": [3397, 3418]}, {"key": "article-9", "type": "definition", "offset": [3437, 3446]}, {"key": "indemnified-persons", "type": "clause", "offset": [3452, 3471]}, {"key": "breach-of", "type": "definition", "offset": [3527, 3536]}, {"key": "the-relevant", "type": "clause", "offset": [3537, 3549]}, {"key": "for-informational-purposes-only", "type": "clause", "offset": [3602, 3633]}, {"key": "in-the-event-of", "type": "definition", "offset": [3675, 3690]}, {"key": "breaches-of-representations-and-warranties", "type": "clause", "offset": [3691, 3733]}, {"key": "article-3", "type": "definition", "offset": [3740, 3749]}, {"key": "entered-into", "type": "clause", "offset": [3818, 3830]}, {"key": "breach-by", "type": "clause", "offset": [3941, 3950]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [3985, 4035]}, {"key": "right-of-indemnification", "type": "clause", "offset": [4084, 4108]}, {"key": "other-indemnified-person", "type": "definition", "offset": [4181, 4205]}, {"key": "remedies-of-the", "type": "clause", "offset": [4303, 4318]}, {"key": "after-the-closing", "type": "clause", "offset": [4339, 4356]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [4422, 4440]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [4464, 4484]}, {"key": "other-event-or-circumstance", "type": "clause", "offset": [4518, 4545]}, {"key": "waiver-of", "type": "clause", "offset": [4557, 4566]}, {"key": "condition-to-the-closing", "type": "clause", "offset": [4571, 4595]}, {"key": "indemnifying-parties", "type": "definition", "offset": [4626, 4646]}, {"key": "right-of-subrogation", "type": "definition", "offset": [4666, 4686]}, {"key": "indemnification-of", "type": "clause", "offset": [4739, 4757]}, {"key": "an-indemnified-person", "type": "clause", "offset": [4758, 4779]}, {"key": "other-limitations", "type": "clause", "offset": [4852, 4869]}, {"key": "arising-out-of", "type": "definition", "offset": [4970, 4984]}, {"key": "resulting-from", "type": "definition", "offset": [4986, 5000]}, {"key": "ip-representations", "type": "definition", "offset": [5241, 5259]}, {"key": "other-conditions-and-limitations", "type": "clause", "offset": [5410, 5442]}, {"key": "to-indemnify", "type": "clause", "offset": [5502, 5514]}, {"key": "claims-for", "type": "clause", "offset": [5658, 5668]}], "hash": "8c42e0ace5f6d7d849bc5f82fdbc550e", "id": 3}, {"size": 1, "samples": [{"hash": "gStMyHaQVha", "uri": "/contracts/gStMyHaQVha#recourse-limitations", "label": "Guaranty of Payment (Prospect Acquisition Corp)", "score": 19.0, "published": true}], "snippet": "1.4.1 Notwithstanding any other provision of this Agreement to the contrary and subject to the provisions of Section 10 below, Lender and Guarantor agree that Guarantor\u2019s total liability, jointly and severally, hereunder shall not exceed an amount in excess of One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00) (\u201cReduced Repayment Guaranteed Obligations\u201d).\n1.4.2 The provisions of this Section 1.4 concerning the Reduced Repayment Guaranteed Obligations shall not (a) impair the right of Lender to name Borrower or Guarantor as a party defendant in any action or suit for foreclosure and sale under the Loan Documents, (b) impair the right of Lender to obtain the appointment of a receiver for the Property, (c) impair the right of Lender to bring suit with respect to fraud or intentional misrepresentation by Borrower or Guarantor, (d) impair the right of Lender to obtain the rents and other income from the Property received by Borrower or Guarantor after the occurrence and during the continuance of an Event of Default which are not applied to the operation of the Property or the payment of the Loan, (e) impair the right of Lender to obtain insurance proceeds or condemnation awards due to Lender under the Loan Documents, (f) impair the right of Lender to enforce the provisions of the Loan Documents and the Environmental Indemnity relating to \u201cHazardous Substances\u201d (as defined in said indemnity), against Borrower or any other person allegedly responsible therefor, or (g) impair the right to \u2587\u2587\u2587 Borrower under the Loan Documents.", "snippet_links": [{"key": "agreement-to", "type": "definition", "offset": [50, 62]}, {"key": "section-10", "type": "definition", "offset": [109, 119]}, {"key": "total-liability", "type": "definition", "offset": [171, 186]}, {"key": "jointly-and-severally", "type": "clause", "offset": [188, 209]}, {"key": "guaranteed-obligations", "type": "clause", "offset": [344, 366]}, {"key": "section-14", "type": "clause", "offset": [399, 410]}, {"key": "concerning-the", "type": "clause", "offset": [411, 425]}, {"key": "obligations-shall", "type": "definition", "offset": [455, 472]}, {"key": "right-of-lender", "type": "clause", "offset": [492, 507]}, {"key": "a-party", "type": "clause", "offset": [541, 548]}, {"key": "in-any-action", "type": "clause", "offset": [559, 572]}, {"key": "foreclosure-and-sale", "type": "clause", "offset": [585, 605]}, {"key": "the-loan-documents", "type": "clause", "offset": [612, 630]}, {"key": "appointment-of-a-receiver", "type": "clause", "offset": [677, 702]}, {"key": "with-respect-to", "type": "clause", "offset": [766, 781]}, {"key": "intentional-misrepresentation", "type": "definition", "offset": [791, 820]}, {"key": "by-borrower", "type": "clause", "offset": [821, 832]}, {"key": "income-from-the-property", "type": "clause", "offset": [908, 932]}, {"key": "received-by", "type": "definition", "offset": [933, 944]}, {"key": "after-the-occurrence-and-during-the-continuance-of-an-event-of-default", "type": "clause", "offset": [967, 1037]}, {"key": "operation-of-the-property", "type": "definition", "offset": [1067, 1092]}, {"key": "payment-of-the-loan", "type": "clause", "offset": [1100, 1119]}, {"key": "insurance-proceeds", "type": "definition", "offset": [1162, 1180]}, {"key": "condemnation-awards", "type": "clause", "offset": [1184, 1203]}, {"key": "to-lender", "type": "definition", "offset": [1208, 1217]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [1286, 1307]}, {"key": "environmental-indemnity", "type": "clause", "offset": [1331, 1354]}, {"key": "relating-to", "type": "definition", "offset": [1355, 1366]}, {"key": "hazardous-substances", "type": "clause", "offset": [1368, 1388]}, {"key": "against-borrower", "type": "clause", "offset": [1422, 1438]}, {"key": "any-other-person", "type": "definition", "offset": [1442, 1458]}, {"key": "right-to", "type": "definition", "offset": [1509, 1517]}], "hash": "5046d3ac1bd4b4cd7ed8c72520f8ae8a", "id": 9}, {"size": 5, "samples": [{"hash": "bCvirGMKkvj", "uri": "/contracts/bCvirGMKkvj#recourse-limitations", "label": "Senior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)", "score": 19.0, "published": true}, {"hash": "7kaP55tDbus", "uri": "/contracts/7kaP55tDbus#recourse-limitations", "label": "Senior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)", "score": 19.0, "published": true}, {"hash": "3PtYmwjgUCq", "uri": "/contracts/3PtYmwjgUCq#recourse-limitations", "label": "Junior Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)", "score": 19.0, "published": true}], "snippet": "Borrower\u2019s liability in connection with this Agreement, the Note and the other Loan Documents (including Borrower\u2019s liability for all amounts due hereunder or thereunder) is collectible only from the Collateral against which a security interest is created by the Pledge Agreement. In no case will any person who holds a direct or indirect ownership interest in Borrower, or any officer, director, manager, trustee, employee, agent or affiliate of Borrower or any such direct or indirect owner, have any responsibility for Borrower\u2019s obligations in connection with this Agreement, the Note and the other Loan Documents (including Borrower\u2019s liability for any amounts due hereunder or thereunder); provided, however, that nothing in this Section 18(e) limits the liability of any person under a guaranty or other agreement executed by such person.", "snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [21, 39]}, {"key": "this-agreement", "type": "clause", "offset": [40, 54]}, {"key": "the-note-and-the-other-loan-documents", "type": "clause", "offset": [56, 93]}, {"key": "liability-for", "type": "clause", "offset": [116, 129]}, {"key": "amounts-due-hereunder", "type": "clause", "offset": [134, 155]}, {"key": "the-collateral", "type": "definition", "offset": [196, 210]}, {"key": "security-interest", "type": "clause", "offset": [227, 244]}, {"key": "created-by", "type": "definition", "offset": [248, 258]}, {"key": "the-pledge-agreement", "type": "clause", "offset": [259, 279]}, {"key": "in-no-case", "type": "clause", "offset": [281, 291]}, {"key": "any-person", "type": "definition", "offset": [297, 307]}, {"key": "indirect-ownership-interest", "type": "clause", "offset": [330, 357]}, {"key": "affiliate-of-borrower", "type": "definition", "offset": [434, 455]}, {"key": "responsibility-for", "type": "clause", "offset": [503, 521]}, {"key": "nothing-in-this-section", "type": "clause", "offset": [720, 743]}, {"key": "the-liability-of", "type": "clause", "offset": [757, 773]}, {"key": "executed-by", "type": "clause", "offset": [821, 832]}], "hash": "3e479f2af8b029661f79667f58f6d404", "id": 1}, {"size": 4, "samples": [{"hash": "OO2VLPXQpj", "uri": "/contracts/OO2VLPXQpj#recourse-limitations", "label": "Guaranty (Condor Hospitality Trust, Inc.)", "score": 24.864476386, "published": true}, {"hash": "5XfJRsRq9dC", "uri": "/contracts/5XfJRsRq9dC#recourse-limitations", "label": "Guaranty (Condor Hospitality Trust, Inc.)", "score": 24.864476386, "published": true}], "snippet": "Subject to the qualifications set forth in this Section 10, Lender shall not enforce the liability and obligation of Guarantor to pay, perform and observe the Guaranteed Obligations by any action or proceeding wherein a money judgment shall be sought against Guarantor, except that Lender may bring a foreclosure action, an action for specific performance or any other appropriate action or proceeding, including a trustee\u2019s sale or UCC sale, to enable Lender to enforce and realize upon its interest under this Guaranty and the other Loan Documents, or in the Collateral; provided, however, that any judgment in any such action or proceeding shall be enforceable against Guarantor only to the extent of Guarantor\u2019s interest in the Collateral, except as specifically provided in this Section 10. The provisions of this Section 10 shall not, however: (i) constitute a waiver, release, limitation, or impairment of any Obligation evidenced or secured by any of the Loan Documents, including any Obligations arising pursuant to any Related Agreement; (ii) impair the right of Lender to name Guarantor or other Credit Party as a party defendant in any action or suit to enforce its rights, powers, and remedies upon the occurrence of an Event of Default; (iii) affect the validity or enforceability of this Guaranty; (iv) impair the right of Lender to obtain the appointment of a receiver; or (v) constitute a prohibition against Lender to commence any appropriate action or proceeding in order for Lender to exercise its remedies against all or any portion of the Collateral.", "snippet_links": [{"key": "subject-to-the", "type": "definition", "offset": [0, 14]}, {"key": "section-10", "type": "definition", "offset": [48, 58]}, {"key": "obligation-of-guarantor", "type": "clause", "offset": [103, 126]}, {"key": "to-pay", "type": "clause", "offset": [127, 133]}, {"key": "the-guaranteed-obligations", "type": "clause", "offset": [155, 181]}, {"key": "action-or-proceeding", "type": "clause", "offset": [189, 209]}, {"key": "money-judgment", "type": "clause", "offset": [220, 234]}, {"key": "lender-may", "type": "definition", "offset": [282, 292]}, {"key": "foreclosure-action", "type": "definition", "offset": [301, 319]}, {"key": "specific-performance", "type": "clause", "offset": [335, 355]}, {"key": "appropriate-action", "type": "definition", "offset": [369, 387]}, {"key": "a-trustee", "type": "clause", "offset": [413, 422]}, {"key": "ucc-sale", "type": "clause", "offset": [433, 441]}, {"key": "this-guaranty", "type": "clause", "offset": [507, 520]}, {"key": "other-loan-documents", "type": "definition", "offset": [529, 549]}, {"key": "the-collateral", "type": "definition", "offset": [557, 571]}, {"key": "to-the-extent", "type": "clause", "offset": [687, 700]}, {"key": "except-as-specifically", "type": "clause", "offset": [744, 766]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [800, 826]}, {"key": "the-loan-documents", "type": "clause", "offset": [959, 977]}, {"key": "pursuant-to", "type": "definition", "offset": [1013, 1024]}, {"key": "related-agreement", "type": "definition", "offset": [1029, 1046]}, {"key": "right-of-lender", "type": "clause", "offset": [1064, 1079]}, {"key": "credit-party", "type": "clause", "offset": [1107, 1119]}, {"key": "a-party", "type": "clause", "offset": [1123, 1130]}, {"key": "in-any-action", "type": "clause", "offset": [1141, 1154]}, {"key": "suit-to-enforce", "type": "clause", "offset": [1158, 1173]}, {"key": "remedies-upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [1198, 1249]}, {"key": "appointment-of-a-receiver", "type": "clause", "offset": [1359, 1384]}, {"key": "prohibition-against", "type": "clause", "offset": [1406, 1425]}, {"key": "to-exercise", "type": "clause", "offset": [1502, 1513]}], "hash": "52f05b9c70d06758a40ef7608be8e35c", "id": 2}, {"size": 2, "samples": [{"hash": "km5DQgDs7Zn", "uri": "/contracts/km5DQgDs7Zn#recourse-limitations", "label": "Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)", "score": 21.0, "published": true}, {"hash": "9Rk12QZM3hU", "uri": "/contracts/9Rk12QZM3hU#recourse-limitations", "label": "Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)", "score": 21.0, "published": true}], "snippet": "Subject to the provisions of this Section 21(q), the personal liability of Borrowers to pay the Indebtedness shall be limited to Borrowers\u2019 interest in the Collateral and in any other collateral given to Lender. The provisions of this Section shall not, however, (1) constitute a waiver, release or impairment of any obligation evidenced or secured by any of the Loan Documents; (2) impair the right of Lender to name Borrowers as parties defendant in any action or suit for foreclosure and sale under the Pledge Agreement; (3) affect the validity or enforceability of any guaranty made in connection with the Loan or any of the rights and remedies of Lender thereunder; (4) impair the right of Lender to obtain the appointment of a receiver; (5) constitute a prohibition against Lender to seek a deficiency judgment against Borrowers solely in order to fully realize on any security given by Borrowers in connection with the Loan or to commence any other appropriate action or proceeding solely in order for Lender to exercise its remedies against such security (provided Lender shall not seek any personal recourse against Borrowers by virtue of such deficiency other than Borrowers\u2019 interest in such security); or (6) constitute a waiver of the right of Lender to enforce the liability and obligation of Borrowers, by money judgment or otherwise, to the extent of any loss, damage (excluding consequential damages), cost, expense, liability, claim or other obligation incurred by Lender (including attorneys\u2019 fees and costs reasonably incurred) arising out of or in connection with the following:\n(i) fraud or intentional misrepresentation by Borrowers or Mortgage Borrower in connection with the Loan;\n(ii) the willful misconduct of Borrowers or Mortgage Borrower;\n(iii) the breach of any covenant or indemnification provision in the Environmental Indemnity or in the Security Instrument by Mortgage Borrower concerning environmental laws, hazardous substances and asbestos and any indemnification therein;\n(iv) the intentional removal or disposal of any portion of the Collateral after an Event of Default;\n(v) the failure to maintain the Policies in full force and effect pursuant to the 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"snippet": "Notwithstanding anything to the contrary contained in Paragraphs 8 or 9 of this Note or elsewhere in the Documents (but subject to Section 10.01 of the Instrument), recourse against Borrower under the Documents is limited solely to the assets of Borrower and the fee estate of Ground Lessor in the Property, and (i) no member or partner of \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 , (ii) no person owning, directly or indirectly, any legal or beneficial interest in a member or partner of \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, (iii) no partner, manager, principal, officer, controlling person, beneficiary, trustee, real estate investment advisor, or other similar fiduciary, shareholder, employee, agent, affiliate or director of any person described above, and (iv) none of their respective successors and assigns (individually, an \u201cExculpated Party\u201d), shall have any personal liability for the payment or performance of any of the Obligations.", 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[["expense-limitations", "Expense Limitations", "Expense Limitations"], ["use-limitations", "Use Limitations", "Use Limitations"], ["expense-limitation", "Expense Limitation", "Expense Limitation"], ["purpose-limitation", "Purpose limitation", "Purpose limitation"], ["nonrecourse-liabilities", "Nonrecourse Liabilities", "Nonrecourse Liabilities"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": ["What negotiation leverage can be gained or lost by agreeing to specific recourse limitations?", "Which essential carve-outs must be included to avoid unenforceable or overly restrictive recourse limitations?", "What are the most common legal pitfalls or fatal flaws that render recourse limitations invalid?", "How do recourse limitation standards differ across key jurisdictions or under different governing laws?", "What factors do courts consider when determining the enforceability of recourse limitation clauses?"], "drafting_tip": "Specify available remedies to clarify parties\u2019 rights, limit liability to manage risk exposure, and exclude implied remedies to prevent unintended obligations.", "explanation": "The Recourse Limitations clause defines the extent to which parties can seek remedies or compensation under the agreement. Typically, it restricts the types of claims or the amount of damages that can be pursued, such as capping liability at a certain dollar amount or excluding certain types of damages like consequential or punitive damages. This clause serves to allocate risk between the parties and provides predictability by preventing excessive or unforeseen liability, thereby encouraging parties to enter into the contract with a clear understanding of their potential exposure."}, "json": true, "cursor": ""}}