Common use of Exculpation of Trustee Clause in Contracts

Exculpation of Trustee. Notwithstanding anything express or implied in this Lease to the contrary, to the extent that a trust is or becomes Landlord hereunder (a “Trust”), the maximum liability of the trustees of said Trust under this Lease (including, without limitation, any liability for interest, costs, expenses and/or any other sums recoverable under this Lease) shall not exceed the value of the property held in the Trust from time to time and which is in the trustee’s possession or under its control as trustee of the Trust (and for greater certainty no other property of any other trust).

Appears in 2 contracts

Samples: Sub Permit and Lease Agreement, Sub Permit and Lease Agreement (CNL Income Properties Inc)

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Exculpation of Trustee. Notwithstanding anything express or implied in this Lease to the contrary, to the extent that a trust is or becomes Landlord hereunder (a “Trust”), the maximum liability of the trustees of said Trust under this Lease (including, without limitation, any liability for interest, costs, expenses and/or any other sums recoverable under this Lease) shall not exceed the value of the property held in the Trust from time to time and which is in the trusteeTrustee’s possession or under its control as trustee of the Trust (and for greater certainty no other property of any other trust).

Appears in 1 contract

Samples: Lease Agreement (CNL Income Properties Inc)

Exculpation of Trustee. Notwithstanding anything express or implied in this Lease to the contrary, to the extent that and for so long as a trust is or becomes Landlord hereunder (a “Trust”), the maximum liability of the trustees of said Trust under this Lease (including, without limitation, any liability for interest, costs, expenses and/or any other sums recoverable under this Lease) shall not exceed the value of the property held in the Trust from time to time and which is in the trustee’s possession or under its control as trustee of the Trust (and for greater certainty no other property of any other trust).. 105

Appears in 1 contract

Samples: Sub Permit and Lease Agreement (CNL Lifestyle Properties Inc)

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Exculpation of Trustee. Notwithstanding anything express or implied in this Lease to the contrary, to the extent that a trust is or becomes Landlord Lessor hereunder (a “Trust”), the maximum liability of the trustees of said Trust under this Lease (including, without limitation, any liability for interest, costs, expenses and/or any other sums recoverable under this Lease) shall not exceed the value of the property held in the Trust from time to time and which is in the trustee’s possession or under its control as trustee of the Trust (and for greater certainty no other property of any other trust).

Appears in 1 contract

Samples: Personal Property Lease Agreement (CNL Income Properties Inc)

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