Common use of LIMITATION UPON LIABILITY Clause in Contracts

LIMITATION UPON LIABILITY. If Landlord, or any successor or assign, fails to perform any covenant, term or condition of this Lease upon Landlord's part to be performed and as a consequence of such default Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levy thereon against the right, title and interest of Landlord in the Building, and neither Landlord nor, if Landlord be a partnership, any of the partners comprising Landlord, will be liable for any deficiency. It is understood that in no event shall Tenant have the right to levy execution against any property of Landlord other than its interest in the Building as hereinbefore expressly provided. In the event of the sale or other transfer of Landlord's right, title and interest in the Premises or the Building, Landlord will be released thereby from all liability and obligations hereunder.

Appears in 4 contracts

Samples: Office Lease (Infinity Property & Casualty Corp), Office Lease (Infinity Property & Casualty Corp), Office Lease (Infinity Property & Casualty Corp)

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