LANDLORD'S EXCULPATION. In the event of default, breach, or violation by Landlord or Landlord Parties of any of Landlord's obligations under this Lease, Landlord's liability to Tenant shall be limited to its ownership interest in the Building or the proceeds of a public sale of such interest pursuant to foreclosure of a judgment against Landlord. Landlord shall not be personally liable for any deficiency beyond its interest in the Building.
Appears in 2 contracts
Samples: Business Park Net Lease (Centillium Communications Inc), Business Park Net Lease (Opnext Inc)
LANDLORD'S EXCULPATION. In the event of default, breach, breach or violation by Landlord or Landlord Parties of any of Landlord's ’s obligations under this Lease, Landlord's ’s liability to Tenant shall be limited to its ownership interest in the Building and Project or the proceeds of a public sale of such the ownership interest pursuant to the foreclosure of a judgment against Landlord. Landlord shall not be personally liable, or liable in any event, for any deficiency beyond its ownership interest in the BuildingBuilding and Project.
Appears in 2 contracts
Samples: Lease (Control4 Corp), Lease (Control4 Corp)
LANDLORD'S EXCULPATION. In the event of default, breach, breach or violation by Landlord or Landlord Parties of any of Landlord's obligations under this Lease, Landlord's liability to Tenant shall be limited to its ownership interest in the Building and Project or the proceeds of a public sale of such the ownership interest pursuant to the foreclosure of a judgment against Landlord. Landlord shall not be personally liable, or liable in any event, for any deficiency beyond its ownership interest in the BuildingBuilding and Project.
Appears in 1 contract
LANDLORD'S EXCULPATION. In the event of default, breach, or violation by Landlord or Landlord Parties of any of Landlord's ’s obligations under this Lease, Landlord's ’s liability to Tenant shall be limited to its ownership interest in the Building or the proceeds of a public sale of such interest pursuant to foreclosure of a judgment against Landlord. Landlord shall not be personally liable for any deficiency beyond its interest in the Building.
Appears in 1 contract
Samples: Business Park Net Lease (Opnext Inc)
LANDLORD'S EXCULPATION. In the event of default, breach, or violation by Landlord or Landlord Parties of any of Landlord's ’s obligations under this Lease, Landlord's ’s liability to Tenant shall be limited to its ownership interest in the Building (which interest shall include all rents and profits, and all proceeds from the sale of the Building, all insurance awards, and all condemnation awards) or the proceeds of a public sale of such interest pursuant to foreclosure of a judgment against Landlord. Landlord shall not be personally liable for any deficiency beyond its interest in the Building.
Appears in 1 contract
Samples: Business Park Net Lease (Centillium Communications Inc)
LANDLORD'S EXCULPATION. In the event The liability of default, breach, or violation Landlord to Tenant for any default by Landlord or Landlord Parties under the terms of any of Landlord's obligations under this Lease, Landlord's liability to Tenant Lease Agreement shall be limited to its ownership the proceeds of sale on execution of the interest of Landlord in the Building or the proceeds of a public sale of such interest pursuant to foreclosure of a judgment against and neither Landlord. Landlord , nor any party comprising Landlord, shall not be personally liable for any deficiency beyond its interest in the Buildingdeficiency.
Appears in 1 contract
LANDLORD'S EXCULPATION. In the event of default, breach, or violation by Landlord or Landlord Parties of any of Landlord's obligations under this Lease, Landlord's liability to Tenant shall be limited to its ownership interest in the Building Complex or the proceeds of a public sale of such interest pursuant to foreclosure of a judgment against Landlord. Landlord shall not be personally liable for any deficiency beyond its interest in the BuildingComplex.
Appears in 1 contract