Common use of Full Recourse Clause in Contracts

Full Recourse. Borrower shall be personally liable to Lender for the payment and performance of all Obligations upon the occurrence of any of the following Events of Default: Borrower acquisition of any property or operation of any business not permitted by Section 33 of any Security Instrument; or a Transfer that is an Event of Default under Section 21 of any Security Instrument; or a Bankruptcy Event.

Full Recourse. Borrower shall be personally liable to Lender for the payment and performance of all Obligations upon the occurrence of any of the following Events of Default: Borrower (i) Borrower’s acquisition of any property or operation of any business not permitted by Section 33 of any Security Instrument; or (ii) a Transfer that is an Event of Default under Section 21 of any Security Instrument; or (iii) any and all indemnification obligations contained in Section 18 of any Security Instrument; or (iv) a Bankruptcy Event.

Full Recourse. Borrower shall be personally liable to Lender for the payment and performance of all Obligations upon the occurrence of any of the following Events of Default: (i) Borrower acquisition of any property or operation of any business not permitted by Section 33 of any Security Instrument; or (ii) a Transfer that is an Event of Default under Section 21 of any Security Instrument; or (iii) a Bankruptcy Event.

Full Recourse. Borrower shall be personally liable to Lender for the payment and performance of all Obligations upon the occurrence of any of the following Events of Default: (1) Borrower acquisition of any property or operation of any business not permitted by Section 33 of any Security Instrument; or (2) a Transfer that is an Event of Default under Section 21 of any Security Instrument; or (3) a Bankruptcy Event.

Full Recourse. Borrower shall be personally liable to Lender for the payment and performance of all Obligations upon the occurrence of any of the following Events of Default: (i) failure of Borrower acquisition of any property or operation of any business not permitted by Section 33 of any Security Instrumentto maintain itself as a Single-Purpose entity; or (ii) a Transfer that is an Event of Default not permitted under Section 21 8.12 or 8.13 of this Agreement; or (iii) a failure to satisfy any and all indemnification obligations contained in Section 18 of any Security Instrument; Instrument or (iv) a Bankruptcy Event.

Full Recourse. Borrower shall be personally liable to Lender for the payment and performance of all Obligations upon the occurrence of any of the following Events of Default: (i) Borrower acquisition of any property or operation of any business not permitted by Section 33 8.22 of any Security Instrumentthis Agreement; or (ii) a Transfer that is an Event of Default under Section 21 8.12 or 8.13 of this Agreement; or (iii) a failure to satisfy any and all indemnification obligations contained in Section 18 of any Security Instrument; Instrument or (iv) a Bankruptcy Event.

Full Recourse. Borrower shall be personally liable to Lender for the payment and performance of all Obligations upon the occurrence of any of the following Events of Default: Borrower (1) Borrower's acquisition of any property or operation of any business not permitted by Section 33 of any Security Instrument; or (2) a Transfer that is an Event of Default under Section 21 of any Security Instrument; or (3) the failure to comply with any and all indemnification obligations contained in Section 18 of any Security Instrument; or (4) commencement of a voluntary case under the Federal Bankruptcy Eventlaws.

Full Recourse. Borrower shall be personally liable to Lender for the payment and performance of all Obligations upon the occurrence of any of the following Events of Default: Borrower acquisition of any property or operation of any business not permitted by Section 33 of any Security Instrument; or (i) a Transfer that is an Event of Default under Section 21 of any Security Instrument; or (ii) a Bankruptcy Event.