Common use of Exculpation of Lessor Clause in Contracts

Exculpation of Lessor. Notwithstanding anything contained in the preceding paragraph or in any other provision hereof, Lessee shall look solely to the estate and interest of Lessor, its successors and assigns in the Premises (and any condemnation, insurance or other proceeds thereof) for the collection of any judgment recovered against Lessor based upon the breach by Lessor of any of the terms, conditions or covenants of this Lease on the part of Lessor to be performed, and no other property or assets of Lessor shall be subject to levy, execution or other enforcement procedures for the satisfaction of Lessee's remedies under or with respect to either this Lease, the relationship of Lessor and Lessee hereunder or Lessee's use and occupancy of the Premises.

Appears in 4 contracts

Samples: Lease Agreement (Point 360), Lease Agreement (Manchester Technologies Inc), Lease Agreement (Manchester Technologies Inc)

AutoNDA by SimpleDocs

Exculpation of Lessor. Notwithstanding anything contained in the preceding paragraph or in any other provision hereof, Lessee shall look solely to the estate and interest of Lessor, its successors and assigns in the Premises (and any condemnation, insurance or other proceeds thereof) for the collection of any judgment recovered against Lessor based upon the breach by Lessor of any of the terms, conditions or covenants of this Lease on the part of Lessor to be performed, and no other property or assets of Lessor shall be subject to levy, execution or other enforcement procedures for the satisfaction of Lessee's ’s remedies under or with respect to either this Lease, the relationship of Lessor and Lessee hereunder or Lessee's ’s use and occupancy of the Premises. The foregoing limitation shall not apply in the event that Lessor transfers or otherwise surrenders its interest in the Property and the applicable claim arises prior to such transfer.

Appears in 1 contract

Samples: Lease Agreement (National American University Holdings, Inc.)

Exculpation of Lessor. Notwithstanding anything contained in the preceding paragraph or in any other provision hereof, Lessee shall look solely to the estate and interest of Lessor, its successors successors, and assigns in the Premises (and any condemnation, insurance or other proceeds thereof) for the collection of any judgment recovered against Lessor based upon the breach by Lessor of any of the terms, conditions or covenants of this Lease on the part of Lessor to be performed, and no other property or assets of Lessor shall be subject to levy, execution or other enforcement procedures for the satisfaction of Lessee's ’s remedies under or with respect to either this Lease, the relationship of Lessor and Lessee hereunder or Lessee's ’s use and occupancy of the Premises.

Appears in 1 contract

Samples: Lease Agreement (Inamed Corp)

AutoNDA by SimpleDocs

Exculpation of Lessor. Notwithstanding anything contained in the preceding paragraph or in any other provision hereof, Lessee shall look solely to the estate and interest of Lessor, its successors and assigns assigns, in the Premises (and any condemnation, insurance or other proceeds thereof) for the collection of any judgment recovered against Lessor based upon the breach by Lessor of any of the terms, conditions or of covenants of this Lease on the part of Lessor to be performed, and no other property or assets of Lessor shall be subject to levy, execution or other enforcement procedures for the satisfaction of Lessee's remedies under or with respect to either this Lease, the relationship of Lessor and Lessee hereunder hereunder, or Lessee's use and occupancy of the Premises.

Appears in 1 contract

Samples: Gi Joes Inc

Time is Money Join Law Insider Premium to draft better contracts faster.