Common use of Bind and Inure Clause in Contracts

Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Landlord named herein and each successive owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner of the Premises whether an individual, trust, a corporation or otherwise shall have any personal liability beyond their equity interest in the Premises.

Appears in 5 contracts

Samples: Lease Agreement (Sonus Networks Inc), Lease Agreement (Irobot Corp), Lease Agreement (Aspect Medical Systems Inc)

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Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Whenever the Premises are owned by a trustee or trustees, except that the obligations of Landlord named herein and each successive owner shall be binding upon Landlord’s trust estate, but not upon any trustee, beneficiary or shareholder of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner of the Premises whether an individual, trust, a corporation trust individually or otherwise shall have any personal liability beyond their equity interest in the Premisescorporately.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Voyager Pharmaceutical Corp)

Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Landlord named herein and each successive owner of the Premises Building shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner of the Premises whether an individual, trust, a corporation or otherwise shall have any personal liability beyond their equity interest in the Premises.

Appears in 2 contracts

Samples: Commercial Lease Agreement (Organic Plant Health Inc.), Lease Agreement (Transbotics Corp)

Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the original Landlord named herein and each successive owner of the Premises shall be liable only for the obligations and liabilities accruing and occurring during the period of its ownership. Neither Whenever the Premises are owned by a trustee or trustees, the obligations or Landlord named herein nor shall be binding upon Landlord's trust estate, but not upon any successive owner trustee or beneficiary of the Premises whether an individual, trust, a corporation or otherwise shall have any personal liability beyond their equity interest in the Premisestrust individually.

Appears in 2 contracts

Samples: Lease (Viryanet LTD), Lease (Viryanet LTD)

Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Landlord named herein and each successive owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither Whenever the Premises are owned by a trustee or trustees, the obligations of Landlord named herein nor shall be binding upon Landlord's trust estate, but not upon any successive owner trustee, beneficiary or shareholder of the Premises whether an individual, trust, a corporation or otherwise shall have any personal liability beyond their equity interest in the Premisestrust individually.

Appears in 2 contracts

Samples: Lease Agreement (Lincoln National Corp), Lease Agreement (Lincoln National Corp)

Bind and Inure. The obligations of this Lease shall run with the -------------- land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Whenever the Premises are owned by a trustee or trustees, except that the obligations of Landlord named herein and each successive owner shall be binding upon Landlord's trust estate, but not upon any trustee, beneficiary or shareholder of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner of the Premises whether an individual, trust, a corporation trust individually or otherwise shall have any personal liability beyond their equity interest in the Premisescorporately.

Appears in 1 contract

Samples: Lease Agreement (Salix Pharmaceuticals LTD)

Bind and Inure. The obligations of this Lease shall run with the -------------- land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, assigns except that only the Landlord named herein shall be liable for obligations accruing before the beginning of the Term and thereafter each successive owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither , said liability terminating as to future liability upon termination of such ownership and passing to the Landlord named herein nor any successive owner of the Premises whether an individual, trust, a corporation or otherwise shall have any personal liability beyond their equity interest successor in the Premisesownership.

Appears in 1 contract

Samples: Lease Agreement (Davox Corp)

Bind and Inure. The obligations of this Lease shall run with the land, land and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Landlord named herein and each successive successor owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner ownership of the Premises whether an individual, trust, a corporation or otherwise shall have any personal liability beyond their equity interest in the Premises.

Appears in 1 contract

Samples: Lease Agreement (Corporate Realty Income Fund I L P)

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Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that only the original Landlord named herein shall be liable for obligations accruing before the beginning of the Term, and thereafter the original Landlord named herein and each successive owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner of Whenever the Premises whether an individualare owned by a partnership, trust, a corporation no general partner or otherwise limited partner of such partnership shall have any personal liability beyond their equity interest in the Premiseshereunder.

Appears in 1 contract

Samples: Lease Agreement (Immunogen Inc)

Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Landlord named herein and each successive owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner of the Premises whether an individual, individual trust, a corporation or otherwise shall have any personal liability beyond their equity interest in the Premises.

Appears in 1 contract

Samples: Lease Agreement (Apertus Technologies Inc)

Bind and Inure. The obligations of this the Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Landlord named herein and each successive owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner of the Premises Premises, whether an individual, trust, a corporation or otherwise shall have any personal monetary liability beyond their equity interest in the Premises.

Appears in 1 contract

Samples: Lease (Softlock Com Inc)

Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Landlord named herein and each successive owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither Whenever the Premises are owned by a trustee or trustees, the obligations of Landlord named herein nor shall be binding upon Landlord's trust estate, but not upon any successive owner trustee, beneficiary or shareholder of the Premises whether an individual, trust, a corporation or otherwise shall have any personal liability beyond their equity interest in the Premisestrust individually.

Appears in 1 contract

Samples: Lease Agreement (Pharmaceutical Product Development Inc)

Bind and Inure. The obligations of this Lease shall run with the land, and this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Landlord named herein and each successive owner of the Premises shall be liable only for the obligations accruing during the period of its ownership. Neither the Landlord named herein nor any successive owner of the Premises whether an individual, trust, a corporation or otherwise shall have any personal liability beyond their equity interest in the Premises.

Appears in 1 contract

Samples: Lease Agreement (Cambridge Heart Inc)

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