Constituent Members. Notwithstanding anything to the contrary contained in this Agreement, (i) no shareholder, member or partner in Indemnitor (or any person or entity constituting same) or any Person that, directly or indirectly through one or more other partnerships, limited liability companies, corporations or other entities is a shareholder, member or partner in Indemnitor (or any person or entity constituting same) or owns an interest in Indemnitor (or any person or entity constituting same) (each a “Constituent Member”) shall have any personal liability, directly or indirectly, under or in connection with this Agreement, and Indemnitee hereby waives any and all such personal liability, and (ii) no recourse shall be had for the payment of any amounts owed hereunder, or for any claim based on this Agreement against any Constituent Member, any of their respective successors and assigns, or any of the assets of any Constituent Member, it being expressly understood that the sole remedy of Indemnitee or any other Indemnified Party with respect to such amounts and claims shall be against Indemnitor and the assets of Indemnitor.
Appears in 4 contracts
Samples: Environmental Indemnity Agreement (Global Net Lease, Inc.), Environmental Indemnity Agreement (Global Net Lease, Inc.), Environmental Indemnity Agreement (Necessity Retail REIT, Inc.)
