Blackrivered
Here is the link and excerpt:
http://www.asx.com.au/PDF/08-006UBS.pdf
"
1.2 Limited recourse Loan
The Loan is a limited recourse facility whereby the
recourse of UBS against the Holder is limited to the
total amount received by UBS on disposal of the
Underlying Parcel relating to the UBS SFI held by the Holder (whether by exercising a power of sale or
otherwise). UBS will not take any action against the
Holder in relation to the Loan to recover any amount
beyond enforcing the Security Interest or otherwise in
accordance with the Instalment Deed. This clause 1.2
does not apply to a Holder’s liability to pay any TFN
Amount to UBS."
Look forward to seeing the link that says otherwise. I just want the truth.
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