Exculpatory. The liability of the Mortgagor personally to pay the Note or any interest that may accrue thereon, or any Indebtedness or obligation accruing or arising hereunder is limited to the extent set forth in the Note.
Exculpatory. Tenant shall look solely to the estate and property of Landlord in the land and Office Building of which the Demised Premises are a part, for the collection of any judgment (or other judicial process) requiring the payment of money by Landlord in the event of any default or breach by Landlord with respect to any of the terms, covenants and conditions of this Lease to be observed and/or performed by Landlord, and no other property or assets of Landlord shall be subject to levy, execution or other enforcement procedures for the satisfaction of Xxxxxx’s remedies.
Exculpatory. Tenant shall look solely to the then interest of Landlord in the Premises, or of any successor in interest to Landlord, as owner of said Premises, for the satisfaction of any remedy of Tenant for failure to perform any of Landlord’s obligations under this Lease, either express or implied, or under any law whether now existing or hereinafter enacted. Neither Landlord nor any disclosed or undisclosed principal or member of Landlord (or any officer, director, stockholder, partner or agent of Landlord or any such principal or member) nor any successor of any of them shall have any personal liability for any such failure under this Lease or otherwise.
Exculpatory. No board member, official, officer or employee or other agent of Consignee shall be personally liable to Consignor for any default or breach by Consignee of any obligation under the terms of, or growing out of, this Agreement.
Exculpatory. Contractor shall make no claim for damages for delay in the performance of this Agreement occasioned by any act or omission to act of the City or any of its representatives, and that any such claim shall be fully compensated for by an extension of time to complete performance of the work as provided herein.
Exculpatory. Tenant shall look solely to the estate and property of Landlord in the land and Office Building of which the Demised Premises are a part, for the collection of any judgment (or other judicial process) requiring the payment of money by Landlord in the event of any default or breach by Landlord with respect to any of the terms, covenants and conditions of this Lease to be observed and/or performed by Landlord, and no other property or assets of Landlord shall be subject to levy, execution or other enforcement procedures for the satisfaction of Tenant’s remedies. FIRE AND CASUALTY. If the Demised Premises shall be so damaged by fire or other casualty, so as to render the Demised Premises unfit for Tenant’s proposed use, then this Lease may be terminated at the option of either Landlord or Tenant by written notice to the other within fifteen (15) days of the date of fire or other casualty, which termination shall be effective the date of the fire or other casualty. If the Demised Premises shall be partially destroyed by fire or other casualty, or be declared unsafe by any lawful authority, then the Demised Premises shall be restored or made safe by Landlord within ninety (90) days after such occurrence, and the Rent shall xxxxx with respect to the portion of the Demised Premises so affected until the Demised Premises shall have been fully restored. In the event such restoration is not completed within ninety (90) days from such occurrence, excepting for delays resulting from conditions beyond Landlord’s control, then Tenant at its option may, in addition to any other remedy, cancel and terminate this Lease in its entirety unless Landlord has commenced and is diligently pursuing restoration of the Demised Premises or correction of the condition. Landlord shall not be responsible for casualty losses to property owned or leased by Tenant or any other party, for equipment, supplies, or other goods kept on the Demised Premises by Tenant, or for any improvements or alterations made to the Demised Premises by Tenant.
Exculpatory. Notwithstanding anything to the contrary provided in this lease, if the Landlord or any successor in interest of Landlord shall be an individual, joint venture, tenancy in common, firm or partnership, general or limited, or a bank, as trustee under a land trust, it is specifically understood and agreed that there shall be absolutely no personal liability on the part of such individual or on the part of the members of such firm, partnership or joint venture with respect to any of the terms, covenants and conditions of this lease, and that Tenant shall look solely to the equity of Landlord or such successor in interest in the Center for the satisfaction of each and every remedy of Tenant in the event of any breach by Landlord, such exculpation of personal liability to be absolutely and without any exception whatsoever.
Exculpatory. The liability of each of the Borrowers under the respective Loans in which it is the Borrower is limited to the extent set forth in each Note. The liability of each Borrower under the Loans for which it is not the Borrower is limited to the extent set forth in the Affiliate Guaranties.
Exculpatory. The liability of the Mortgagor personally pursuant to the Guaranty or any interest that may accrue thereon, or any Guaranteed Obligations or other obligations accruing or arising hereunder is limited to the extent set forth in the Guaranty.
Exculpatory. The effectiveness of terms exculpating a party from a liability or duty otherwise owed (including liability arising out of the non-payment of stamp duty) is limited by law and indemnities given by the Selling Stockholder in respect of stamp duties payable in the United Kingdom may be void under section 117 of the Stamp Act 1891.
