Guaranty Loss

Guaranty Loss. Means (individually and collectively, as appropriate) any and all actual out-of-pocket losses, damages, costs and expenses to the extent paid by (i) the Bluerock Guarantor to Lender (or its successor or assignee as lender under the Loan) under Section 2(a) and 2(b) of the Mortgage Guaranty (for avoidance of doubt, recourse repayment obligations shall not constitute the basis for any Guaranty Loss), or (ii) the Property Owner to Lender (or its successor or assignee as lender under the Loan)... under the Environmental Indemnity (a "Property Owner Guaranty Loss"). View More