Laserfiche WebLink
<br /> <br /> <br /> 15 <br />of ownership of any interest in the Borrower to such mortgagee or financing party or any <br />constituent owner of the Borrower, and (b) in the event of any such foreclosure by or other transfer <br />of title to any mortgagee or financing party, as permitted in clause (a)(i) above, any such mortgagee <br />or financing party (or any party taking by, through or under any such mortgagee or financing party) <br />shall take title to the Project free and clear of any responsibility, obligation and/or liability under <br />this Agreement and/or the Loan and without liability for the responsibilities, obligations and/or <br />liabilities of the Borrower under this Agreement and/or with respect to the Loan. <br /> Section 7.14. Limitation of Liability. Notwithstanding anything contained herein to the <br />contrary, the parties hereby agree that (i) the obligations of the Borrower hereunder shall not be <br />recourse to the members, partners, shareholders, agents or employees of the Borrower; (ii) no <br />punitive, special, speculative, loss of profit or consequential damages shall be awarded in any <br />suit, action or other proceeding arising out of or based upon this Agreement or the subject matter <br />hereof; (iii) the Borrower shall not be liable to the extent any liability hereunder arose from the <br />fraud, gross negligence or willful misconduct of the City, Commission or any of their agents and <br />(iv) the Borrower shall not be liable for any liability hereunder that first arises after the Borrower <br />is no longer in possession of the Project. <br /> <br />[Signature Page Follows] <br /> <br />