Common use of Landlord’s Liability Clause in Contracts

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages.

Appears in 8 contracts

Samples: Ground Lease Agreement, Ground Lease Agreement, Ground Lease Agreement

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Landlord’s Liability. If Landlord defaults under this Agreement and if, The term “Landlord” as a consequence used herein shall mean the owner or owners at the time in question of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, fee title and interest of Landlord in to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencyPremises. In no the event shall Tenant have the right to levy execution against any property of Landlord other than its right, a transfer of Landlord’s title and or interest in the Shopping Center includingPremises or in this Lease, but not limited toLandlord shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Landlord at the time of such transfer or assignment. Except as provided in Paragraph 15.3, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the rents, proceeds and profits derived therefrom. Upon any such uncured default prior Landlord shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by Landlord. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Landlord shall be binding only upon the Landlord as herein above defined. Notwithstanding any other terms or provisions of this lease, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of any default or breach by Landlord under with respect to any of the terms of the Lease to be observed and performed by Landlord (a) Tenant shall look solely to the estate and property (which is the subject of this Agreementlease) of Landlord or any successor in interest in the property and the Building, for the satisfaction of Tenant’s remedies for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord; (b) no other property or assets of Landlord, its partners, members, shareholders, officers or any successor in interest shall be subject to levy, execution or other enforcement procedure for the satisfaction if Tenant’s remedies;(c) no personal liability shall at any time be asserted or enforceable against Landlord, it’s partner’s, members or successors in interest (except to the extent offset rights are specifically provided to Tenant permitted in (a) above), and no judgment will be taken against any partner, member, shareholder, officer or director of Landlord. The provisions of this Agreement; (b) Tenant section shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited apply only to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Landlord and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersparties herein described, and Tenant shall not seek recourse against be for the individual partners, directors, officers, members or shareholders benefit of Landlord or against Landlord’s partners or any insurer nor any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesthird party.

Appears in 4 contracts

Samples: ADESTO TECHNOLOGIES Corp, Accelrys, Inc., Opnext Inc

Landlord’s Liability. If 21. This lease and the obligations of Tenant hereunder shall in no way be affected because Landlord defaults under this Agreement and ifis unable to fulfill any of its obligations or to supply any service, as a consequence by reason of such default, Tenant strike or other cause not within Landlord's control. Landlord shall recover a money judgment against Landlord, such judgment shall be satisfied against have the right, title and interest without incurring any liability to Tenant, to stop any service because of Landlord accident or emergency, or for repairs, alterations or improvements, necessary or desirable in the Shopping Center includingjudgment of Landlord, but not limited tountil such repairs, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and alterations or improvements shall have been completed. Landlord shall not be liable to Tenant or anyone else, for any deficiency. In no event shall Tenant have loss or damage to person, property or business, unless due to the right to levy execution against any property negligence of Landlord other than nor shall Landlord be liable for any latent defect in the premises or the building. Tenant, during the term of this lease, shall carry public liability and property damage insurance, from a company authorized to do business in New York, with limitations acceptable to Landlord, which policy or policies shall name the Landlord and its rightdesignees as additional insureds. Evidence of the policies, title and of their timely renewal, shall be delivered to Landlord. All such insurance shall contain an agreement by the insurance company that the policy or policies will not be cancelled or the coverage changed, without thirty (30) days' prior written notice to the Landlord. Tenant agrees to look solely to Landlord's estate and interest in the Shopping Center includingland and building, but not limited toor the lease of the building or of the land and building, and the rentsdemised premises, proceeds and profits derived therefrom. Upon for the satisfaction of any such uncured default right or remedy of Tenant for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default liability by Landlord, and no other property or assets of Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited subject to levy, execution or other enforcement procedure for the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability Tenant's remedies under or with respect to this Agreement. Notwithstanding anything contained in this Agreement to lease, the contraryrelationship of landlord and tenant hereunder, in no event shall Landlord or Tenant's use and occupancy of the demised premises or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed liability of Landlord to Tenant (and their respective successors and assigns) ever be liable pursuant to this Agreement except for lost profits or consequential, speculative or punitive damagesnegligence).

Appears in 4 contracts

Samples: Lease (Partminer Inc), Famous Fixins Inc, Famous Fixins Inc

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's security deposit to Tenant or transfer Tenant's security deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord's equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord's failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No partner, employee or agent of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited to personally liable for the extent performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directors, officers, members or shareholders partners of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 3 contracts

Samples: Landlord and Tenant Acknowledge That They Have Carefully Read and Reviewed This Lease and Each Term and Provision Contained Herein And (Echo Therapeutics, Inc.), Emisphere Technologies Inc, Letter Agreement (Amisys Managed Care Systems Inc)

Landlord’s Liability. Tenant agrees from time to time to look only to Landlord’s interest in the Property (including, without limitation, uncollected rent, property insurance, condemnation and sale proceeds prior to distribution thereof, but subject to the rights of any Mortgagee and to Landlord’s right to use any insurance and condemnation proceeds for the purposes of repairing and restoring the Building and the Property) for satisfaction of any claim against Landlord hereunder or under any other instrument related to the Lease (including any separate agreements among the parties and any notices or certificates delivered by Landlord) and not to any other property or assets of Landlord. If Landlord defaults from time to time transfers its interest in the Building (or part thereof which includes the Premises), then from and after each such transfer, so long as such transferee shall have assumed all of Landlord’s obligations as under this Agreement and if, as a consequence of such defaultLease, Tenant shall recover a money judgment against look solely to the interests in the Building of each of Landlord, such judgment shall be satisfied against ’s transferees for the right, title and interest performance of all of the obligations of Landlord in the Shopping Center includinghereunder (or under any related instrument). The obligations of Landlord shall not be binding on any direct or indirect partners (or members, trustees or beneficiaries) of Landlord or of any successor, individually, but not limited toonly upon Landlord’s or such successor’s interest described above. If Landlord shall refuse or fail to provide any consent or approval for any matter for which Landlord’s consent or approval is required under this Lease or is otherwise requested by Tenant, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for damages as a result thereof, and Tenant’s sole remedy to enforce any deficiency. In no event shall Tenant have the right to levy execution against any property alleged obligation of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any to provide such uncured default by Landlord, Tenant may exercise any of its rights provided at law consent or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder approval shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contraryan action for specific performance, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlordinjunction, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesdeclaratory relief.

Appears in 3 contracts

Samples: Lease Agreement (Monte Rosa Therapeutics, Inc.), Lease Agreement (Monte Rosa Therapeutics, Inc.), Lease Agreement (Ikena Oncology, Inc.)

Landlord’s Liability. If Landlord’s obligations hereunder shall be binding upon Landlord defaults under this Agreement only for the period of time that Landlord is in ownership of the Building, and ifupon termination of that ownership, Tenant, except as a consequence to any obligations that are then due and owing, shall look solely to Landlord’s successor-in-interest in ownership of such defaultthe Building for the satisfaction of each and every obligation of Landlord hereunder. Upon request and without charge, Tenant shall recover attorn to any successor to Landlord’s interest in this Lease. Landlord may transfer its interest in the Building without the consent of Tenant, and such transfer or subsequent transfer shall not be deemed a money judgment against violation on Landlord’s part of any of the terms of this Lease. Landlord shall have no personal liability under any of the terms, such judgment conditions, or covenants of this Lease. Tenant and Tenant Agents shall be satisfied against look solely to the right, title and interest equity of Landlord in the Shopping Center including, but not limited to, Building and/or the rents, rents and/or net proceeds and profits derived actually received therefrom as for the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any claim, remedy, or cause of action of any kind whatsoever arising from the relationship between the parties or any rights and obligations they may have relating to the Project, this Lease, or anything related to either, including without limitation as a result of the breach of any Section of this Lease by Landlord. In addition, no recourse shall be had for an obligation of Landlord hereunder, or for any claim based thereon or otherwise in respect thereof or the relationship between the parties, against any past, present, or future Landlord Indemnitee (other than Landlord), whether by virtue of any statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such other liability being expressly waived and released by Tenant with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Indemnitees (other than Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages).

Appears in 3 contracts

Samples: Lease (Passage BIO, Inc.), Lease (Passage BIO, Inc.), Lease (Pennsylvania Real Estate Investment Trust)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against look only to Landlord, such judgment shall be satisfied against the right, title and interest of Landlord ’s estate in the Shopping Center including, but not limited to, Property (or the rents, proceeds and profits derived therefrom as thereof) for the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property satisfaction of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited with respect to the extent this Agreement otherwise expressly limits Tenant’s rights any liability, default or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations obligation of Landlord under this Agreement (Lease or otherwise regarding Tenant’s leasing, use and occupancy of the Premises pursuant hereto, including without limitation for the collection of any actual monetary obligation, judgment or alleged breach or default other judicial process requiring the payment of money by Landlord) do not constitute personal obligations . Neither Landlord nor any of the individual partnersits members, directorsstockholders, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiariestrustees, joint venturersbeneficiaries or employees shall be personally liable hereunder, membersnor shall any of its or their property, stockholdersother than the Property, be subject to levy, execution or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever enforcement procedure for the satisfaction of Tenant’s said remedies. Landlord shall not under any circumstances be liable pursuant to this Agreement for any special, indirect or consequential damages of Tenant, including lost profits or consequentialrevenues. No owner of the Property shall be liable under this Lease except for breaches of Landlord’s obligations occurring while such party owns the Property. None of Tenant’s stockholders, speculative officers, directors, partners, trustees, beneficiaries or punitive employees shall be personally liable hereunder, nor shall any of their respective property be subject to levy, execution or other enforcement procedure for the satisfaction of Tenant’s remedies. Except with respect to holdover as provided in this Lease or with respect to matters arising out of Tenant’s failure to comply with provisions of, or Claims under, Sections 6.7 and 7.6, Tenant shall not under any circumstances be liable for any special, indirect or consequential damages of Landlord. The parties acknowledge and agree that any remedy expressly described in this Lease does not constitute special, indirect, or consequential damages.

Appears in 3 contracts

Samples: Lease (Codiak BioSciences, Inc.), Non Disturbance, Attornment and Subordination Agreement (Codiak BioSciences, Inc.), Non Disturbance, Attornment and Subordination Agreement (Codiak BioSciences, Inc.)

Landlord’s Liability. Tenant agrees to look only to Landlord’s interest in the Land and Building and the proceeds therefrom for satisfaction of any claim against Landlord hereunder or under any other instrument related to the Lease (including any separate agreements among the parties and any notices or certificates delivered by Landlord) and not to any other property or assets of Landlord. If Landlord defaults under this Agreement from time to time transfers its interest in the Land and ifBuilding (or part thereof which includes the Premises), as a consequence of then from and after each such default, transfer Tenant shall recover a money judgment against look solely to the interests in the Land and Building of each of Landlord, such judgment shall be satisfied against ’s transferees for the right, title and interest satisfaction of any claim relating to non-performance of all of the obligations of Landlord in the Shopping Center includinghereunder (or under any related instrument). The obligations of Landlord shall not be binding on any partners, mortgagees, members, managers, directors, officers, trustees, or beneficiaries of Landlord or of any successor, individually, but not limited toonly upon Landlord’s or such successor’s interest described above. Except for the negligence or willful misconduct of Landlord or any of the Indemnitees (as such term is defined in Section 5.5.1), the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable to Tenant and Tenant hereby waives all claims against Landlord for any deficiencyinjury or damage to any person or property whatsoever. In no event shall Landlord ever be liable for any indirect or consequential damages. It is expressly agreed by Landlord and Tenant have that business interruption costs and expenses are indirect and consequential damages under the right to levy execution against any terms of this Lease and no other property assets of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited subject to the extent this Agreement otherwise expressly limits Tenant’s rights levy, execution or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets enforcement procedures for satisfaction of any liability with respect to this Agreementjudgment or decree in favor of Tenant. Notwithstanding anything contained to the contrary in this Agreement to the contraryLease, in no event Tenant shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever not be liable pursuant to Landlord under this Agreement Lease for lost profits indirect or consequential, speculative or punitive consequential damages except under Section 5.2 and provided further that the parties acknowledge that damages set forth in Article VII shall be deemed direct damages and shall not be construed to be consequential damages.

Appears in 2 contracts

Samples: Sublease Agreement (Biofrontera AG), Sublease Agreement (Biofrontera AG)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such defaultNotwithstanding any provision hereof to the contrary, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against look solely to the right, title estate and interest property of Landlord in and to the Shopping Center Premises (or the proceeds of insurance) (or the proceeds received by Landlord on a sale of such estate and property but not the proceeds of any financing or refinancing thereof) in the event of any claim against Landlord arising out of or in connection with this Lease, the relationship of Landlord and Tenant or Tenant's use of the Premises, and Tenant agrees that the liability of Landlord arising out of or in connection with this Lease, the relationship of Landlord and Tenant or Tenant's use of the Premises, shall be limited to such estate and property of Landlord (or sale proceeds). No other properties or assets of Landlord shall be subject to levy, execution or other enforcement procedures for the satisfaction of any judgment (or other judicial process) or for the satisfaction of any other remedy of Tenant arising out of or in connection with this Lease, the relationship of Landlord and Tenant or Tenant's use of the Premises, and if Tenant shall acquire a lien on or interest in any other properties or assets by judgment or otherwise, Tenant shall promptly release such lien on or interest in such other properties and assets by executing, acknowledging and delivering to Landlord an instrument to that effect prepared by Landlord's attorneys. Landlord shall have no liability to Tenant for failure to perform Landlord's obligations hereunder where such failure(s) is due to causes beyond Landlord's control, including, but not limited to, the rentsacts of God, proceeds and profits derived therefrom as the same may then be constituted and encumberedwar, civil commotion, strikes, and Landlord embargoes; nor shall any such failure entitle Tenant to any abatement or reduction in rent, except as may be expressly provided herein, or any claim of actual or constructive eviction. Tenant shall not be liable for entitled to any deficiency. In no event shall Tenant have compensation or reduction in rent by reason of inconvenience or loss arising from Landlord's entry onto the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesPremises as authorized hereunder.

Appears in 2 contracts

Samples: Lease Agreement (Imaging Diagnostic Systems Inc /Fl/), Lease Agreement (Imaging Diagnostic Systems Inc /Fl/)

Landlord’s Liability. Txxxxx agrees from time to time to look only to Landlord’s interest in the Premises for satisfaction of any claim against Landlord hereunder or under any other instrument related to the Lease (including any separate agreements among the parties and any notices or certificates delivered by Landlord) and not to any other property or assets of Landlord. If Landlord defaults under this Agreement from time to time transfers its interest in the Premises, then from and if, as a consequence of after each such default, transfer Tenant shall recover a money judgment against look solely to the interests in the Premises of Landlord, such judgment shall be satisfied against ’s transferees for the right, title and interest performance of all of the obligations of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and hereunder (or under any related instrument). The obligations of Landlord shall not be liable for binding on any deficiency. In no event shall Tenant have the right to levy execution against any property direct or indirect partners (or members, trustees, or beneficiaries) of Landlord other than its rightor of any successor, title and interest in the Shopping Center includingindividually, but not limited only upon Landlord’s or such successor’s interest described above. Further, if Landlord is, or one of the parties comprising Landlord is, or the Lease is assigned to, a real estate investment trust (“REIT”), the rents, proceeds parties acknowledge and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, agree that the obligations of Landlord the REIT hereunder and under this Agreement all documents delivered pursuant hereto (including any actual and all documents to which the Lease may be pursuant) or alleged breach which give effect to, or default by Landlord) do not constitute personal obligations amend or supplement, the terms of the individual partnersLease are not personally binding upon any trustee thereof, directors, officers, members any registered or shareholders beneficial holder of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners units (a “Unitholder”) or any other persons annuitant under a plan of which a Unitholder acts as a trustee or entities having any interest in Landlordcarrier, or any officers, employees or agents of their personal assets for the REIT and resort shall not be had to, nor shall recourse or satisfaction be sought from, any of the foregoing or the private property of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to of the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesforegoing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ionis Pharmaceuticals Inc), Lease Agreement (Ionis Pharmaceuticals Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, The term “Landlord” as a consequence used herein shall mean the owner or owners at the time in question of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, fee title and interest of Landlord in to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencyPremises. In no the event shall Tenant have the right to levy execution against any property of Landlord other than its right, a transfer of Landlord’s title and or interest in the Shopping Center includingPremises or in this Lease, but not limited toLandlord shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Landlord at the time of such transfer or assignment. Except as provided in Paragraph 15.3, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the rents, proceeds and profits derived therefrom. Upon any such uncured default prior Landlord shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by Landlord. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Landlord shall be binding only upon the Landlord as herein above defined. Notwithstanding any other terms or provisions of this Lease, Tenant may exercise agrees that in the event of any Breach by Landlord with respect to any of its rights provided at law or in equity; provided, however: the terms of the Lease to be observed and performed by Landlord (a) Tenant shall have no right look solely to offset the estate and property (which is the subject of this Lease) of Landlord or xxxxx rent any successor in interest in the event property and the Building, for the satisfaction of Tenant’s remedies for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord; (b) no other property or assets of Landlord, its partners, members, shareholders, officers or any default by Landlord under this Agreementsuccessor in interest shall be subject to levy, execution or other enforcement procedure for the satisfaction if Tenant’s remedies; (c) no personal liability shall at any time be asserted or enforceable against Landlord, it’s partners, members or successors in interest (except to the extent offset rights are specifically provided to Tenant permitted in (a) above), and no judgment will be taken against any partner, member, shareholder, officer or director of Landlord. The provisions of this Agreement; (b) Tenant section shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited apply only to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Landlord and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersparties herein described, and Tenant shall not seek recourse against be for the individual partners, directors, officers, members or shareholders benefit of Landlord or against Landlord’s partners or any insurer nor any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesthird party.

Appears in 2 contracts

Samples: Ooma Inc, Ooma Inc

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon transfer, Landlord shall automatically be released from all further liability under this Lease; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s Security Deposit to Tenant or transfer Tenant’s Security Deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its Security Deposit. Subject to the rights of any such uncured default by Landlordlender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant may exercise agrees to look solely to Landlord’s equity interest in the Project for the collection of any judgment requiring the payment of its rights provided at law or in equity; provided, however: money by Landlord arising out of (a) Tenant shall have no right Landlord’s failure to offset or xxxxx rent in the event of any default by Landlord perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directors, officers, members or shareholders partners of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreementassets. Notwithstanding anything contained in this Agreement to the contrary, in In no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement Tenant for lost profits or consequential, speculative consequential or punitive damages.

Appears in 2 contracts

Samples: Office Lease (Ladenburg Thalmann Financial Services Inc), Office Lease (Ladenburg Thalmann Financial Services Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Premises and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease if the transferee assumes Landlord's obligations under this Lease; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's security deposit to Tenant or transfer Tenant's security deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Premises, Tenant agrees to look solely to Landlord's equity interest in the Premises for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord's failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 2 contracts

Samples: Wastewater Treatment (Jabil Circuit Inc), Homegrocer Com Inc

Landlord’s Liability. If The term "Landlord," as used in this Lease, shall mean only the owner or owners of the Building at the time in question. In the event of any conveyance of title to the Building, then from and after the date of such conveyance, the transferor Landlord defaults shall be relieved of all liability with respect to Landlord's obligations first arising and to be performed under this Agreement and if, as a consequence Lease after the date of such defaultconveyance. Notwithstanding any other term or provision of this Lease, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest liability of Landlord for Landlord's breach of its obligations under this Lease is limited solely to (a) Landlord's interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom Property as the same may then from time to time be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) any Rent prepaid by Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and Landlord, (c) Tenant’s rights and remedies hereunder shall be limited proceeds received by Landlord from Landlord's all risk insurance policy covering the Building following a fire or other casualty to the extent Premises or the Building, if Landlord materially misappropriates such proceeds, and either (i) such proceeds are not used for repair or restoration in accordance with the provisions of Section 12 of this Agreement otherwise expressly limits Tenant’s rights Lease, or remedies. Notwithstanding anything contained (ii) this Lease is not terminated in accordance with the provisions of Section 12 of this Agreement Lease, (d) Awards received by Landlord from Condemnation, if Landlord materially misappropriates such Award, and either (iii) the Award is not used for restoration in accordance with the provisions of Section 13 of this Lease, or (iv) this Lease is not terminated in accordance with the provisions of Section 13 of this Lease, and (e) subject to the contraryprovisions of Sections 4 and 37 and 38 of this Lease, the obligations Tenant's Security Deposit or letter of Landlord under this Agreement (including credit given by Tenant to Landlord; and no personal liability shall at any actual time be asserted or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse enforceable against the individual partners, directors, officers, members or shareholders any other assets of Landlord or against Landlord’s 's partners or any other persons members or entities having any interest in Landlordits or their respective partners, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contraryshareholders, in no event shall Landlord or any Landlord’s officers, trusteesmembers, directors, partners, beneficiaries, joint venturers, members, stockholders, officers or other principals managers on account of any of Landlord's obligations or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to actions under this Agreement for lost profits or consequential, speculative or punitive damagesLease.

Appears in 2 contracts

Samples: Lease Agreement (3do Co), Lease Agreement (3do Co)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord’s equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee, officer, director, member or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 2 contracts

Samples: Office Lease (Arteris, Inc.), Office Lease (Arteris, Inc.)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be liable for binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any deficiency. In no event shall Tenant have subsequent landlord after the right to levy execution against any property sale, conveyance, assignment or transfer by such subsequent landlord) of Landlord other than its right, title and interest in the Shopping Center includingBuilding or the Real Property, but not limited toas the case may be, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such partners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Agreement, except to Lease provided the extent offset rights same are specifically provided to Tenant in this Agreement; (b) assumed by such transferee or assignee. Tenant shall have no right look solely to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature Landlord to enforce Landlord's obligations hereunder and shall not seek any damages against any of the breach; Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and (c) Tenant’s rights and remedies hereunder shall be limited to Landlord's interest in the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Building and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, Real Property and Tenant shall not seek recourse against the individual partners, directors, officers, members look to or shareholders attach any other property or assets of Landlord or against Landlord’s partners the property or any other persons or entities having any interest in Landlord, or assets of any of their personal assets the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for satisfaction of any liability with respect Landlord's failure to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesperform such obligations.

Appears in 2 contracts

Samples: Lease Agreement (Talkpoint Communications Inc), Nextvenue Inc

Landlord’s Liability. If 13.4.1. It is understood and agreed that the obligations, covenants or liabilities of Landlord defaults under contained in this Agreement Lease shall be binding upon Landlord and if, as a consequence Landlord's successors only with respect to breaches occurring during Landlord's and Landlord's successors' respective ownership of such defaultLandlord's interest hereunder. Further, Tenant shall recover a money judgment against specifically agrees to look solely to Landlord, such judgment shall be satisfied against the right, title and 's then equity interest of Landlord in the Shopping Center includingBuilding at the time owned, but not limited toor in which Landlord holds an interest as ground lessee, the rentsfor recovery of any judgment from Landlord; it being specifically agreed that Landlord (original or successor and their respective officers, proceeds and profits derived therefrom as the same may then be constituted and encumbereddirectors, stockholders, partners, managers, members, beneficial owners, trustees, employees, agents, contractors, attorneys, and Landlord mortgagees), shall not never be personally liable for any deficiencysuch judgment, or for the payment of any monetary obligation to Tenant. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest The provision contained in the Shopping Center including, but foregoing sentence is not limited intended to, the rentsand shall not limit, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, right that Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall might otherwise have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of obtain injunctive relief against Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest 's successors in Landlordinterest, or any action not involving the personal liability of their personal Landlord (original or successor) or not involving any claim in monetary damages from Landlord's assets for satisfaction of any liability with respect other than a claim limited to this AgreementLandlord's equity interest aforesaid in the Building. Notwithstanding anything contained in any other provision of this Agreement Lease to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) either party ever be liable pursuant for any indirect, special or consequential damages suffered by the other or the other's Agents from any cause whatsoever; provided, however, that the foregoing limitation on damages shall in no event apply to Tenant's failure to comply with, or breach of, Sections 13.21 and 13.23, in which event Landlord shall have recourse to all rights and remedies available under this Agreement for lost profits Lease, at law or consequential, speculative or punitive equity with no such limitation on damages.

Appears in 2 contracts

Samples: Lease (Soundbite Communications Inc), Lease Agreement (Soundbite Communications Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Property and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Property, Tenant agrees to look solely to Landlord’s equity interest in the Property, and the rent, proceeds and other income therefrom for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, trustee, beneficiary, officer, director, member, shareholder, employee or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directorstrustees or shareholders, officersbeneficiaries or members of Landlord, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders any of Landlord or against Landlord’s partners or any other said persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 2 contracts

Samples: NameMedia, Inc., NameMedia, Inc.

Landlord’s Liability. If Landlord’s obligations hereunder shall be binding upon Landlord defaults under this Agreement only for the period of time that Landlord is in ownership of the Building, and ifupon termination of that ownership, Tenant, except as a consequence to any obligations that are then due and owing, shall look solely to Landlord’s successor-in-interest in ownership of such defaultthe Building for the satisfaction of each and every obligation of Landlord hereunder. Upon request and without charge, Tenant shall recover a money judgment against attorn to any successor to Landlord’s interest in this Lease and, at the option of any Mortgagees, to such judgment Mortgagees. Landlord shall be satisfied against have no personal liability under any of the rightterms, title conditions or covenants of this Lease and interest Tenant shall look solely to the equity of Landlord in the Shopping Center including, but not limited to, Building and/or the rents, proceeds and profits derived therefrom as for the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any claim, remedy or cause of action of any kind whatsoever arising from the relationship between the parties or any rights and obligations they may have relating to the Project, this Lease, or anything related to either, including without limitation as a result of the breach of any Section of this Lease by Landlord. In addition, no recourse shall be had for an obligation of Landlord hereunder, or for any claim based thereon or otherwise in respect thereof or the relationship between the parties, against any past, present or future Landlord Indemnitee (other than Landlord), whether by virtue of any statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such other liability being expressly waived and released by Tenant with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Indemnitees (other than Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages).

Appears in 2 contracts

Samples: Lease (Paratek Pharmaceuticals, Inc.), Lease (Paratek Pharmaceuticals, Inc.)

Landlord’s Liability. Tenant is granted no contractual right of termination by this Lease. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against only out of the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom Property as the same may then be constituted and encumbered, encumbered and Landlord shall not be liable for any deficiency, it being agreed that Landlord shall never be personally liable for any such judgment. If Landlord is found to be in default hereunder by reason of its failure to give a consent that it is required to give hereunder, Tenant's sole remedy will be an action for specific performance or injunction. The foregoing sentence shall in no event be construed as mandatorily requiring Landlord to give consents under this Lease. In no event shall Landlord be liable to Tenant for consequential or special damages by reason of a failure to perform (or a default) by Landlord hereunder or otherwise. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center includingProperty as hereinbefore expressly provided. Notwithstanding the foregoing, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default unless caused by Landlord's gross negligence or willful misconduct, Landlord shall not be liable to Tenant may exercise for any claims, actions, demands, costs, expenses, damage or liability of any kind (i) arising out of the use, occupancy or enjoyment of the Premises by Tenant or any person therein or holding under Tenant or by or through the acts or omissions of any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directorstheir respective employees, officers, members agents, invitees or shareholders contractors, (ii) caused by or arising out of Landlord fire, explosion, falling sheetrock, gas, electricity, water, rain, snow or Landlord’s partnersdampness, and Tenant shall not seek recourse against or leaks in any part of the individual partnersPremises, directors(iii) caused by or arising out of damage to the roof, officerspipes, members appliances or shareholders of Landlord or against Landlord’s partners plumbing works or any other persons damage to or entities having any interest in Landlordmalfunction of heating, ventilation or air conditioning equipment or (iv) caused by tenants or any persons either in the Premises or elsewhere in the Building (other than Common Areas) or by occupants of their personal assets for satisfaction property adjacent to the Building or Common Areas or by the public or by the construction of any liability with respect to this Agreementprivate, public or quasi-public work. Notwithstanding anything contained in this Agreement to the contrary, in In no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement Tenant for lost profits any loss of or consequential, speculative damage to property of Tenant or punitive damagesof others located in the Premises or the Building by reason of theft or burglary.

Appears in 2 contracts

Samples: Lease (Carreker Antinori Inc), Ivg Corp

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's security deposit to Tenant or transfer Tenant's security deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord's equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord's failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 2 contracts

Samples: Standard Lease (Ambarella Inc), Standard Office Lease (Motivating the Masses Inc)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be liable for binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any deficiency. In no event shall Tenant have subsequent landlord after the right to levy execution against any property sale, conveyance, assignment or transfer by such subsequent landlord) of Landlord other than its right, title and interest in the Shopping Center includingBuilding or the Real Property, but not limited toas the case may be, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such partners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Lease. Tenant shall have no right look solely to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature Landlord to enforce Landlord's obligations hereunder and shall not seek any damages against any of the breach; Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and (c) Tenant’s rights and remedies hereunder shall be limited to Landlord's interest in the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Building and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, Real Property and Tenant shall not seek recourse against the individual partners, directors, officers, members look to or shareholders of Landlord or against Landlord’s partners or attach any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages.property or

Appears in 2 contracts

Samples: Execution Original (Intralinks Inc), Execution Original (Intralinks Inc)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and ifLease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, in respect of the period thereafter occurring and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder thereafter to be performed, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, members, directors or officers of Landlord, if Landlord is a consequence corporation, nor the partners comprising Landlord (nor any of the shareholders, members, directors or officers of such defaultpartners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Lease. Tenant shall recover a money judgment look solely to Landlord to enforce Landlord's obligations hereunder and shall not seek any damages against any of the Parties. The liability of Landlord for Landlord, such judgment 's obligations under this Lease shall not exceed and shall be satisfied against the right, title and limited to Landlord's interest of Landlord in the Shopping Center including, but not limited to, Building and the Real Property and the rents, proceeds issues and profits derived therefrom as the same may then be constituted thereof actually received by Landlord and encumbered, and Landlord Tenant shall not be liable look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for any deficiencyLandlord's failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 2 contracts

Samples: Agreement of Lease (Predictive Systems Inc), Agreement of Lease (Predictive Systems Inc)

Landlord’s Liability. If Landlord defaults shall be liable and assumes the risk for any damage occasioned by reason of the construction of the Premises or for failure to keep the Premises in repair, provided Landlord is obligated to construct same or make such repairs under this Agreement the terms hereof, and if, as a consequence further provided that notice of such default, Tenant shall recover a money judgment against the need for repairs has been given to Landlord, a reasonable time has elapsed and Landlord has failed to make such judgment repairs. Landlord shall also be satisfied against the rightliable for its negligence or willful misconduct in performing any repairs that Landlord undertakes hereunder. Except as hereinabove set forth, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event damage done or occasioned by or from the electrical system, heating or air conditioning system, and plumbing and sewer systems in, upon or about the Premises or the building of which the Premises are a part, nor for damages occasioned by water, snow or ice being upon or coming through the roof, trap door, walls, windows, doors or otherwise, nor for any damage arising from acts of negligence of tenants or other occupants of the building or buildings of which the Premises may be a part, or the acts of any owners or occupants of adjoining or contiguous properties, and in any event, Landlord shall Tenant have not be liable for any damage to Tenants Improvements, Personal Property, or merchandise resulting from fire or other insurable hazards, regardless of the right to levy execution against any property of Landlord cause thereof other than its right, title and interest in as results from the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by gross negligence or willful misconduct of Landlord, Tenant may exercise any of its rights provided at law employees or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersagents, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages.Tenaxx,

Appears in 2 contracts

Samples: Silicon Entertainment Inc /Ca/, Silicon Entertainment Inc /Ca/

Landlord’s Liability. If The term “Landlord” as used in this Lease, so far as covenants or obligations on the part of the Landlord defaults are concerned shall be limited to mean and include only a ground lessee if the named Landlord herein is holding the premises under this Agreement and if, a ground lease for so long as a consequence the named Landlord is the holder of such defaultground lease interest or the owner or owners of the fee simple of the Premises; and in the event of transfer or transfers of either the ground leasehold interest to any other person or the transfer of title to the fee premises to any person, the Landlord herein named (and in the case of subsequent transfers or conveyances the then grantor or assignor), shall be automatically freed and relieved from and after the date of such transfer or conveyance or assignment of all liability as respects the performance of any covenant or obligation on the part of the Landlord contained in this Lease thereafter to be performed, it being the intention of the parties that the covenants and obligations to be observed and performed by the Landlord shall be binding upon the Landlord only during and in respect of its period of ownership of either a leasehold interest, or a fee interest as the case may be. Anything in this Lease to the contrary notwithstanding, Tenant shall recover a money judgment against Landlordagrees that Tenant shall, such judgment shall be satisfied against subject to prior rights of any mortgagee of the rightPremises, title look solely to the estate and interest property of Landlord in the Shopping Center including, but not limited to, Premises and any available rents and proceeds therefrom for the rents, proceeds and profits derived therefrom as collection of any judgment (or other judicial process) requiring the same may then be constituted and encumbered, and payment of money by Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default or breach by Landlord under this Agreement, except with respect to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature any of the breach; terms, covenants and (c) Tenant’s rights and remedies hereunder shall conditions of this Lease to be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default observed and/or performed by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders and no other assets of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders any principal of Landlord shall be subject to levy, execution or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets procedures for the satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any LandlordTenant’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesremedies.

Appears in 2 contracts

Samples: Lease (Radiation Therapy Services Holdings, Inc.), Lease (Radiation Therapy Services Holdings, Inc.)

Landlord’s Liability. If Landlord’s obligations hereunder shall be binding upon Landlord defaults under this Agreement only for the period of time that Landlord is in ownership of the Building, and ifupon termination of that ownership, Tenant, except as a consequence to any obligations that are then due and owing, shall look solely to Landlord’s successor-in-interest in ownership of such defaultthe Building for the satisfaction of each and every obligation of Landlord hereunder (so long as Landlord’s successor assumes all of Landlord’s obligations hereunder). Upon request and without charge, Tenant shall recover attorn to any successor to Landlord’s interest in this Lease and, at the option of any Mortgagees, to such Mortgagees, so long as such successor entity(ies) agree(s) in writing to assume Landlord’s obligations under this Lease. Landlord may transfer its interest in the Building without the consent of Tenant, and such transfer or subsequent transfer shall not be deemed a money judgment against violation on Landlord’s part of any of the terms of this Lease. Landlord shall have no personal liability under any of the terms, such judgment conditions, or covenants of this Lease. Tenant and Tenant Agents shall be satisfied against look solely to the right, title and interest equity of Landlord in the Shopping Center includingBuilding, but not limited to, the all rents, proceeds issues and profits derived therefrom, and/or the net proceeds actually received therefrom as for the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any claim, remedy, or cause of action of any kind whatsoever arising from the relationship between the parties or any rights and obligations they may have relating to the Project, this Lease, or anything related to either, including without limitation as a result of the breach of any Section of this Lease by Landlord. In addition, no recourse shall be had for an obligation of Landlord hereunder, or for any claim based thereon or otherwise in respect thereof or the relationship between the parties, against any past, present, or future Landlord Indemnitee (other than Landlord), whether by virtue of any statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such other liability being expressly waived and released by Tenant with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Indemnitees (other than Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages).

Appears in 2 contracts

Samples: Lease Term (Cabaletta Bio, Inc.), Lease Term (Cabaletta Bio, Inc.)

Landlord’s Liability. If Landlord defaults under this Agreement and if, The term “Landlord” as a consequence used herein shall mean the owner or owners at the time in question of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, fee title and interest of Landlord in to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencyPremises. In no the event shall Tenant have the right to levy execution against any property of Landlord other than its right, a transfer of Landlord’s title and or interest in the Shopping Center includingPremises or in this Lease, but not limited toLandlord shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Landlord at the time of such transfer or assignment. Except as provided In Paragraph 15.3, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the rents, proceeds and profits derived therefrom. Upon any such uncured default prior Landlord shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by Landlord. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Landlord shall be binding only upon the Landlord as herein above defined. Notwithstanding any other terms or provisions of this lease, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of any default or breach by Landlord under with respect to any of the terms of the Lease to be observed and performed by Landlord (a) Tenant shall look solely to the estate and property (which is the subject of this Agreementlease) of Landlord or any successor in interest in the property (which shall be deemed to include the rental income, the proceeds of any sale by Landlord as well as any insurance or condemnation proceeds), for the satisfaction of Tenant’s remedies for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord; (b) no other property or assets of Landlord, its partners, members, shareholders, officers or any successor in interest shall be subject to levy, execution or other enforcement procedure for the satisfaction if Tenant’s remedies;(c) no personal liability shall at any time be asserted or enforceable against Landlord, it’s partner’s, members or successors in interest (except to the extent offset rights are specifically provided to Tenant permitted in (a) above), and no judgment will be taken against any partner, member, shareholder, officer or director of Landlord. The provisions of this Agreement; (b) Tenant section shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited apply only to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Landlord and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersparties herein described, and Tenant shall not seek recourse against be for the individual partners, directors, officers, members or shareholders benefit of Landlord or against Landlord’s partners or any insurer nor any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesthird party.

Appears in 2 contracts

Samples: Responding Party (Penumbra Inc), Responding Party (Penumbra Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, The term “Landlord” as a consequence used herein shall mean the owner or owners at the time in question of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, fee title and interest of Landlord in to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencyPremises. In no the event shall Tenant have the right to levy execution against any property of Landlord other than its right, a transfer of Landlord’s title and or interest in the Shopping Center includingPremises or in this Lease, but not limited toLandlord shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Landlord at the time of such transfer or assignment. Except as provided in Paragraph 15.3, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the rents, proceeds and profits derived therefrom. Upon any such uncured default prior Landlord shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by Landlord. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Landlord shall be binding only upon the Landlord as herein above defined. Notwithstanding any other terms or provisions of this lease, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of any default or breach by Landlord under with respect to any of the terms of the Lease to be observed and performed by Landlord (a) Tenant shall look solely to the estate and property (which is the subject of this Agreementlease) of Landlord or any successor in interest in the property (which shall be deemed to include the rental income, the proceeds of any sale by Landlord as well as any insurance or condemnation proceeds), for the satisfaction of Tenant’s remedies for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord; (b) no other property or assets of Landlord, its partners, members, shareholders, officers or any successor in interest shall be subject to levy, execution or other enforcement procedure for the satisfaction if Tenant’s remedies; (c) no personal liability shall at any time be asserted or enforceable against Landlord, it’s partner’s, members or successors in interest (except to the extent offset rights are specifically provided to Tenant permitted in (a) above), and no judgment will be taken against any partner, member, shareholder, officer or director of Landlord. The provisions of this Agreement; (b) Tenant section shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited apply only to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Landlord and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersparties herein described, and Tenant shall not seek recourse against be for the individual partners, directors, officers, members or shareholders benefit of Landlord or against Landlord’s partners or any insurer nor any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesthird party.

Appears in 2 contracts

Samples: Penumbra Inc, Penumbra Inc

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and ifLease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any successor landlord after the sale, conveyance, assignment or transfer by such successor landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder, Neither the shareholders, directors or officers of Landlord, if Landlord is a consequence corporation, nor the partners and members comprising Landlord (nor any of the shareholders, directors or officers of such defaultpartners or members), if Landlord is a partnership or limited liability company (collectively, the “Parties”), shall be liable for the performance of Landlord’s obligations under this Lease. Tenant shall recover a money judgment look solely to Landlord to enforce Landlord’s obligations hereunder and shall not seek any damages against any of the Parties. The liability of Landlord for Landlord, such judgment ’s obligations under this Lease shall not exceed and shall be satisfied against limited to Landlord’s interest in the right, title Building and interest the Real Property and Tenant shall not look to any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord’s obligations under this Lease or to satisfy a judgment for Landlord’s failure to perform such obligations. Tenant waives, to the Shopping Center includingfull extent permitted by law, any claim for indirect, consequential or punitive damages, including but not limited to, the rentsloss of profits, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for in connection with any deficiency. In no event shall Tenant have the right to levy execution against any property liability of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damageshereunder.

Appears in 2 contracts

Samples: Agreement of Lease (Panacea Acquisition Corp), Agreement of Lease (Panacea Acquisition Corp)

Landlord’s Liability. If 21. This lease and the obligations of Tenant hereunder shall in no way be affected because Landlord defaults under this Agreement and ifis unable to fulfill any of its obligations or to supply any service, as a consequence by reason of such default, Tenant strike or other cause not within Landlord's control. Landlord shall recover a money judgment against Landlord, such judgment shall be satisfied against have the right, title and interest without incurring any liability to Tenant, to stop any service because of Landlord accident or emergency, or for repairs, alterations or improvements, necessary or desirable in the Shopping Center includingjudgment of Landlord, but not limited tountil such repairs, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and alterations or improvements shall have been completed. Landlord shall not be liable to Tenant or anyone else, for any deficiencyloss or damage to person, property or business, unless due to the negligence of Landlord, its agents, employees or invitees nor shall Landlord be liable for any latent defect in the premises or the building. In no event Tenant, during the term of this lease, shall carry public liability and property damage insurance, from a company authorized to do business in New York. with limitations acceptable to Landlord, which policy or policies shall name the Landlord and its designees as additional insureds. Evidence of the policies, and of their timely renewal, shall be delivered to Landlord. All such insurance shall contain an agreement by the insurance company that the policy or policies will not be cancelled or the coverage changed, without thirty (30) days' prior written notice to the Landlord. Tenant have the right agrees to levy execution against any property of Landlord other than its right, title look solely to Landlord's estate and interest in the Shopping Center includingland and building, but not limited toor the lease of the building or of the land and building, and the rentsdemised premises, proceeds and profits derived therefrom. Upon for the satisfaction of any such uncured default right or remedy of Tenant for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default liability by Landlord. and no other property or assets of Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited subject to levy, execution or other enforcement procedure for the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability Tenant's remedies under or with respect to this Agreementlease. Notwithstanding anything contained in this Agreement to the contraryrelationship of landlord and tenant hereunder, in no event shall Landlord or Tenant's use and occupancy of the demised premises or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed liability of Landlord to Tenant (and their respective successors and assigns) ever be liable pursuant to this Agreement except for lost profits or consequential, speculative or punitive damagesnegligence).

Appears in 1 contract

Samples: Lease (Doubleclick Inc)

Landlord’s Liability. If The Landlord defaults under this Agreement is not responsible for any loss, expense or damage of any kind to any person or property, unless it occurs as a result of negligence of the Landlord. The Tenant must pay for any damages suffered and ifmoney spent by the Landlord relating to any claim arising from any act or neglect of the Tenant. The Tenant is responsible for all of his or her own acts, the acts of his or her own family, employees, guests, and invitees. If, as a consequence result of such defaultlabor trouble, Tenant shall recover a money judgment against lack of supply, Tenant’s act or neglect, government orders, rules or regulations, or any other causes not fully within the Landlord, such judgment shall be satisfied against ’s reasonable control; the right, title and interest of Landlord is delayed or unable to keep promises as set forth in the Shopping Center includingLease, but not limited tosupply any services which the Landlord is to supply under this Lease, make any repairs or change in the Premises, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be liable ended nor shall the Tenant’s obligations be affected by the Landlord’s inability to perform. The tenant is strongly encouraged to procure renter’s insurance. FIRE, ACCIDENT, DEFECTS, & DAMAGE: Tenant must give prompt notice of fire, accident damage or dangerous or defective condition. If the premises cannot be used because of fire or other casualty, Tenant is not required to pay rent for any deficiencythe time the Premises is unusable. In no event If part of the premises cannot be used, Tenant must pay rent for the usable part. Landlord shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature decide which part of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to premises is usable. Landlord need only repair the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations damaged structural parts of the individual partnersPremises. Landlord is not required to repair or replace any equipment, directorsfixtures, officersfurnishings or decorations unless originally installed by the Landlord. Landlord is not responsible for delays due to settling insurance claims, members or shareholders of Landlord or Landlord’s partnersobtaining estimates, labor and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners supply problems or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to cause not fully under the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, control. If the fire or other principals casualty is caused by an act or representativesneglect of Tenant or guest of tenant, disclosed then the cost of all repairs will be added to rent. Landlord has the right to demolish or undisclosed (rebuild the building if there is substantial damage by fire or other casualty. Even if the Premises are not damaged, Landlord may cancel this Lease within 30 days after the fire or casualty by giving tenant notice of the Landlord’s intention. The Lease will end 30 days after the Landlord’s cancellation notice to Tenant. Tenant must deliver the Premises to Landlord on or before the cancellation date in the notice and their respective successors and assigns) ever be liable pursuant pay all rent due. If the Lease is cancelled, the Landlord is not required to this Agreement for lost profits repair the Premises or consequential, speculative or punitive damagesthe Building.

Appears in 1 contract

Samples: York Residential Lease Agreement

Landlord’s Liability. Tenant agrees to look only to Landlord’s equity interest in the Building for satisfaction of any claim against Landlord hereunder or under any other instrument related to the Lease (including any separate agreements among the parties and any notices or certificates delivered by Landlord) and not to any other property or assets of Landlord. If Landlord defaults under this Agreement from time to time transfers its interest in the Building (or part thereof which includes the Premises), then from and if, as a consequence of after each such default, transfer Tenant shall recover a money judgment against look solely to the interests in the Building of each of Landlord, such judgment shall be satisfied against ’s transferees for the right, title and interest performance of all of the obligations of Landlord hereunder (or under any related instrument), so long as such transferee has assumed in the Shopping Center includingwriting all obligations of Landlord. The obligations of Landlord shall not be binding on any partners, mortgagees, members, managers, directors, officers, trustees, or beneficiaries of Landlord or of any successor, individually, but only upon Landlord’s or such successor’s interest described above. The obligations of Tenant shall not limited tobe binding on any partners, shareholders, members, managers, directors, officers, trustees, or beneficiaries of Tenant, individually, but only upon Tenant or any successor or assign of Tenant. Except for the rentsnegligence or willful misconduct of Landlord or any of the Indemnitees (as such term is defined in Section 5.4.1), proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable to Tenant and Tenant hereby waives all claims against Landlord for any deficiencyinjury or damage to any person or property whatsoever. In no event shall Landlord ever be liable for any indirect or consequential damages. It is expressly agreed by Landlord and Tenant have that business interruption costs and expenses are indirect and consequential damages under the right to levy execution against any terms of this Lease and no other property assets of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited subject to the extent this Agreement otherwise expressly limits Tenant’s rights levy, execution or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets enforcement procedures for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained judgment or decree in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesfavor of Tenant.

Appears in 1 contract

Samples: Pegasystems Inc

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of any default by such a transfer Landlord shall automatically be released from all liability under this Agreement, except Lease to the extent offset rights are specifically provided the same is assumed by the transferee or arises after the date of such transfer; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any lender holding a mortgage or deed of trust encumbering all or part of the Project, Landlord’s liability to Tenant for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature of the breach; Landlord, its partners, employees and (c) Tenant’s rights and remedies hereunder agents shall be limited to the extent amount of any insurance proceeds available plus the greater of the following amounts: (i) Landlord’s equity interest in the Project and any rents or other monies generated by the Project and (b) $1,500,000.00. No other property or assets of Landlord shall be subject to levy, execution or other enforcement procedure for the satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee, officer, director, member or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Work Letter Agreement (Universal Electronics Inc)

Landlord’s Liability. If The term "Landlord," as used in this Lease, shall mean only the owner or owners of the Property at the time in question. Notwithstanding any other term or provision of this Lease, (a) the liability of Landlord defaults for its obligations under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Lease is limited solely to Landlord, such judgment shall be satisfied against the right, title and 's interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom Property as the same may then from time to time be constituted and encumberedencumbered (or the amount of any proceeds from the sale of the Property), and Landlord no personal liability shall not at any time be liable for any deficiency. In no event shall Tenant have the right to levy execution asserted or enforceable against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders assets of Landlord or against Landlord’s 's stockholders, directors, officers or partners or any other persons or entities having any interest in Landlord, or on account of any of their personal assets for satisfaction of any liability with respect to Landlord's obligations or actions under this Agreement. Notwithstanding anything contained in this Agreement to the contraryLease, and (b) in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to Tenant for any punitive or consequential damages or damages for loss of business by Tenant. In addition, from and after the date of Landlord's conveyance of title to the Property, Landlord shall be relieved of all liability with respect to Landlord's obligations to be performed under this Agreement Lease after the date of such conveyance. If Tenant provides Landlord with any security for lost profits Tenant's performance of its obligations hereunder, and Landlord transfers such security to the grantee or consequentialtransferee of Landlord's interest in the Property, speculative Landlord shall be released from any further responsibility or punitive damagesliability for such security. Upon any conveyance of title to the Property, the grantee or transferee, by accepting such conveyance, shall be deemed to have assumed Landlord's obligations to be performed under this Lease from and after the date of transfer, subject to the limitations on liabilities set forth in this Section 50.

Appears in 1 contract

Samples: Work Letter Agreement (Salon Internet Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the rightor its agents, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencyinjury or damage to persons or property resulting from fire, explosion, falling plaster, steam, gas, electricity, water, rain, or snow or leaks from any part of the interior of the Leased Premises, unless caused by or due to the gross negligence or willful misconduct of Landlord, its agents, servants, employees, invitees or licensees. In no event All personal property and equipment located in the Leased Premises shall be at the risk of Tenant. If Landlord shall fail to perform any obligation as required pursuant to the provisions of this Lease and such failure materially and adversely affects the Tenant’s use and occupancy of the Leased Premises, and, except in an emergency situation, such failure shall continue for thirty (30) days after written notice thereof by Tenant (unless performance cannot reasonably be completed within said thirty [30] day period, but Landlord has commenced performance within such period and diligently pursues completion thereof), Tenant may perform such obligation without liability to Landlord for any loss or damage (except for loss or damage resulting from the negligence or willful misconduct of Tenant, its agents, employees or contractors) and upon completion thereof, Landlord shall pay the reasonable cost for performing such obligation (together with interest at the Default Rate per annum until paid) within ten (10) Business Days after presentation to Landlord of a xxxx therefore. If Landlord fails to reimburse Tenant within such ten (10) Business Day period, then Tenant shall have the right to levy execution offset the amount due thereunder, together with interest, against Rent due from Tenant to Landlord under this Lease until Tenant has been completely reimbursed for its expense; provided however that as long as a sufficient Lease Term remains to permit Tenant to be completely reimbursed Tenant’s offset in any property month shall not exceed twenty percent (20%) of Landlord other than its right, title the Basic Monthly Rent due and interest in payable from Tenant to Landlord. In the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlordevent of an emergency, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right commence to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remediesperform such obligation immediately. Notwithstanding anything contained in this Agreement paragraph to the contrary, the Tenant’s right to cure Landlord’s performance obligations of Landlord under this Agreement (including any actual or alleged breach or default by LandlordSection 26(a) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members include repairs or shareholders of Landlord or against Landlord’s partners or remediation necessitated by any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesEnvironmental Laws.

Appears in 1 contract

Samples: Lease (Finch Therapeutics Group, Inc.)

Landlord’s Liability. If Landlord defaults under The term “Landlord” as used in this Agreement and ifLease, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against far as the right, title covenants and interest agreements of Landlord in this Lease are concerned, shall be construed to mean only the Shopping Center including, but not limited to, holder or holders of Landlord’s interest in this Lease at the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencytime in question. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by transfer or transfers of Landlord’s interest, other than a transfer for security prior to foreclosure thereof, the Landlord under this Agreementherein named (and in case of any subsequent transfer, except the then transferor) shall be automatically freed and relieved, from and after the date of such transfer, from all duties and obligations as to the extent offset rights performance of any covenants or agreements on the part of Landlord to be performed or observed after such transfer. Any funds in which Tenant has an interest and which are specifically provided in the hands of such Landlord at the time of such transfer shall be turned over to the transferee, and any amount then due and payable to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited paid to Tenant by the extent then transferor. It is the intent of this Agreement otherwise expressly limits Tenant’s rights Section that the provisions of this Lease shall be binding upon Landlord, its successors and assigns only during and in respect of their respective successive periods of ownership. In any event, and notwithstanding any other provision of this Lease, neither Landlord (including any successor Landlord) nor any officer, director, agent, partner, member trustee, beneficiary, or remedies. Notwithstanding anything employee thereof shall be liable in an individual or personal capacity for the performance or nonperformance of any agreement, covenant, or obligation of Landlord contained in this Agreement Lease, and Tenant shall look solely to the contrary, interest of Landlord from time to time in the obligations Premises as the sole asset for payment and satisfaction of all liabilities of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesLease.

Appears in 1 contract

Samples: Ground Lease (Behringer Harvard Opportunity REIT II, Inc.)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of any default by such a transfer Landlord shall automatically be released from all liability under this Agreement, except Lease to the extent offset rights are specifically provided the same is assumed by the transferee or arises after the date of such transfer; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit if the transferee has assumed such obligation regarding Tenant’s security deposit. Subject to the rights of any lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord’s equity interest in the Project and the proceeds from any transfer by Landlord of the equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee, officer, director, member or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Office Lease (ProNAi Therapeutics Inc)

Landlord’s Liability. If The liability of the Landlord defaults Parties to Tenant (or any person or entity claiming by, through or under Tenant) under the terms of this Agreement and if, as a consequence Lease or any matter relating to or arising out of such default, Tenant shall recover a money judgment against Landlord, such judgment the occupancy or use of the Premises and/or other areas of the Project shall be satisfied against limited to Tenant’s actual direct, but not consequential, damages therefor and shall be recoverable only from the right, title and interest of Landlord in the Shopping Center includingProject. Tenant agrees to look solely to Landlord’s interest in the Project for the recovery of any judgment against any Landlord Party. No Landlord Party shall be personally liable for any such judgment, but not award or deficiency after execution thereon and Tenant hereby waives and releases such personal liability on behalf of itself and all persons claiming by, through or under Tenant. The limitations of liability contained in this Section 24(b) shall apply equally and inure to the benefit of the Landlord Parties, present and future advisors, beneficiaries, participants, representatives and their respective constituent partners, members, shareholders, trustees, heirs, successors and assigns. Under no circumstances shall any present or future general or limited topartner of Landlord (if Landlord is a partnership), member of Landlord (if Landlord is a limited liability company) or trustee or beneficiary (if Landlord or any partner or member of Landlord is a trust) have any liability for the rentsperformance of Landlord’s obligations under this Lease, proceeds nor shall negative capital account of any constituent partner or member in Landlord (or in a constituent member or partner of Landlord) nor any obligation of any constituent member or partner of Landlord (or in any other constituent member or partner of Landlord) to restore a negative capital account or to contribute or loan capital to Landlord (or to any constituent member or partner of Landlord), at any time be deemed to be the property or an asset of Landlord or such other constituent member or partner (and profits derived therefrom as the same may then be constituted and encumberedneither Tenant nor any of its successors or assigns shall have any right to collect, and enforce or proceed against or with respect to any such negative capital account of such a member’s or partner’s obligation to restore or contribute). Notwithstanding any contrary provision herein, no Landlord Party shall not be liable for any deficiencyinjury or damage to, or interference with, Tenant’s business, including loss of profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use, or for any form of special or consequential damage, in each case however occurring. In no event The foregoing shall be in addition to, and not in limitation of, any further limitation of liability that might otherwise apply. Notwithstanding the foregoing, none of the provisions of this Section 24(b) shall be deemed to release any insurance carrier that insures Landlord’s liability to Tenant have the right or to levy execution against third parties from any property obligation to make any payment to Tenant pursuant to any such insurance policy, it being agreed that any release of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon for any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided obligation to Tenant in is not intended to and does not release Landlord’s insurance carrier from the obligation of paying such loss on Landlord’s behalf. The provisions of this Agreement; (bSection 24(b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account survive the nature expiration or earlier termination of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesTerm.

Appears in 1 contract

Samples: Lease Agreement (Glu Mobile Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's security deposit to Tenant or transfer Tenant's security deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord's equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord's failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, members, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee, officer, director, member or agent of Landlord shall be personally liable for the performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Office Lease (Redaptive, Inc.)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon transfer, Landlord shall automatically be released from all further liability under this Lease which first accrues after the assignment; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's Security Deposit to Tenant or transfer Tenant's Security Deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its Security Deposit. Subject to the rights of any such uncured default by Landlordlender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant may exercise agrees to look solely to Landlord's equity interest in the Project and the income therefrom, for the collection of any judgment requiring the payment of its rights provided at law or in equity; provided, however: money by Landlord arising out of (a) Tenant shall have no right Landlord's failure to offset or xxxxx rent in the event of any default by Landlord perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directors, officers, members or shareholders partners of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreementassets. Notwithstanding anything contained in this Agreement to the contrary, in In no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement Tenant for lost profits or consequential, speculative consequential or punitive damages.

Appears in 1 contract

Samples: Office Lease (Vector Group LTD)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Premises and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of any default by such a transfer Landlord shall automatically be released from all liability under this Agreement, except Lease to the extent offset rights are specifically provided the same is assumed by the transferee or arises after the date of such transfer; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any lender holding a mortgage or deed of trust encumbering all or part of the Premises, Tenant agrees to look solely to Landlord’s equity interest in the Premises for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Assignment Agreement (Intuity Medical, Inc.)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right in default under this Lease unless Landlord fails to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise perform any of its rights provided at law or in equity; providedobligations hereunder within thirty (30) days after written notice from Tenant specifying such failure (unless such performance will, however: (a) Tenant shall have no right due to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and obligation, require a period of time in excess of thirty (c30) Tenant’s rights and remedies hereunder days, then after such period of time as is reasonably necessary). All obligations of Landlord shall be limited to the extent this Agreement construed as covenants, not conditions; and, except as may be otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained provided in this Agreement to the contraryLease, the Tenant may not terminate this Lease for breach of Landlord’s obligations hereunder. All obligations of Landlord under this Agreement (including any actual or alleged breach or default by Lease will be binding upon Landlord only during the period of its ownership of the Premises and not thereafter. The term “Landlord) do not constitute personal ” in this Lease shall mean only the then current owner of the Premises, and in the event of a transfer of the Premises, such owner shall be released and discharged from all obligations of Landlord thereafter accruing, but such obligations shall be binding during the individual partners, directors, officers, members or shareholders Lease Term upon each new owner for the duration of such owner’s ownership. Any liability of Landlord or Landlord’s partnersunder this Lease shall be limited solely to its interest in the Premises, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall any personal liability be asserted against Landlord in connection with this Lease nor shall any recourse be had to any other property or assets of Landlord. Landlord shall not have any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant liability to this Agreement Tenant for lost profits or any consequential, speculative indirect or punitive damages.

Appears in 1 contract

Samples: Lease Agreement

Landlord’s Liability. Landlord shall have no personal liability with -------------------- respect to any of the provisions of this Lease. If Landlord defaults is in default with respect to its obligations under this Agreement and if, as a consequence of such defaultLease, Tenant shall recover a money judgment against Landlordlook for satisfaction of Tenant's remedies, such judgment shall be satisfied against if any, solely to the right, title and interest equity of Landlord in and to the Shopping Center including, but Building and the Land described in Exhibit "A" hereto and to the proceeds of ----------- Landlord's insurance policy or policies actually paid to Landlord and not limited to, applied by Landlord by the rents, applicable claim or to the restoration of the Building as required by the terms of this Lease (unless same are not so applied because such proceeds are required by the holder of a mortgage to be paid to it to reduce the debt secured by such mortgage). It is expressly understood and profits derived therefrom as agreed that Landlord's liability under the same may then be constituted terms of this Lease shall in no event exceed the amount of its interest in and encumbered, to said Land and Landlord shall not be liable for any deficiencyBuilding and the aforedescribed proceeds of insurance. In no event shall Tenant have the right to levy execution against any property partner of Landlord other than its rightnor any joint venturer in Landlord, title and interest in the Shopping Center includingnor any officer, but not limited to, the rents, proceeds and profits derived therefrom. Upon director or shareholder of Landlord or any such uncured default by Landlord, Tenant may exercise partner or joint venturer of Landlord be personally liable with respect to any of its rights provided at law or the provisions of this Lease. The foregoing limitation of liability and agreements set forth in equitythis Section 37 shall be inapplicable to the liability of Landlord for failure of Landlord to comply with the provisions of Section 39(h) of this Lease; provided, however: (a) Tenant shall have no right to offset or xxxxx rent , that in the event of any default by the transfer or assignment of this Lease, the assignor Landlord under this Agreement, except shall only be liable for the failure of the assignor Landlord to comply with the extent offset rights are specifically provided to Tenant provisions of Section 39(h) during the period of such assignor's ownership of the Landlord's interest in this Agreement; (b) Tenant Lease, and the assignee Landlord shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account only be liable for the nature failure of the breach; and (cassignee Landlord to comply with the provisions of Section 39(h) Tenant’s rights and remedies hereunder shall be limited to of this Lease during the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained period of such assignee's ownership of the Landlord's interest in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesLease.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

Landlord’s Liability. If The liability of the Landlord defaults Parties to Tenant (or any person or entity claiming by, through or under Tenant) under the terms of this Agreement and if, as a consequence Lease or any matter relating to or arising out of such default, Tenant shall recover a money judgment against Landlord, such judgment the occupancy or use of the Premises and/or other areas of the Project shall be satisfied against limited to Tenant’s actual direct, but not consequential, damages therefor and shall be recoverable only from the right, title and interest of Landlord in the Shopping Center includingProject (and any proceeds therefrom following payment of any outstanding liens and/or mortgages, but not whether attributable to sales or insurance proceeds or otherwise). Tenant agrees to look solely to Landlord’s interest in the Project for the recovery of any judgment against any Landlord Party. No Landlord Party shall be personally liable for any such judgment, award or deficiency after execution thereon and Tenant hereby waives and releases such personal liability on behalf of itself and all persons claiming by, through or under Tenant. The limitations of liability contained in this Section 24(b) shall apply equally and inure to the benefit of the Landlord Parties, present and future advisors, beneficiaries, participants, representatives and their respective constituent partners, members, shareholders, trustees, heirs, successors and assigns. Under no circumstances shall any present or future general or limited topartner of Landlord (if Landlord is a partnership), member of Landlord (if Landlord is a limited liability company) or trustee or beneficiary (if Landlord or any partner or member of Landlord is a trust) have any liability for the rentsperformance of Landlord’s obligations under this Lease, proceeds nor shall negative capital account of any constituent partner or member in Landlord (or in a constituent member or partner of Landlord) nor any obligation of any constituent member or partner of Landlord (or in any other constituent member or partner of Landlord) to restore a negative capital account or to contribute or loan capital to Landlord (or to any constituent member or partner of Landlord), at any time be deemed to be the property or an asset of Landlord or such other constituent member or partner (and profits derived therefrom as the same may then be constituted and encumberedneither Tenant nor any of its successors or assigns shall have any right to collect, and enforce or proceed against or with respect to any such negative capital account of such a member’s or partner’s obligation to restore or contribute). Notwithstanding any contrary provision herein, no Landlord Party shall not be liable for any deficiencyinjury or damage to, or interference with, Tenant’s business, including loss of profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use, or for any form of special or consequential damage, in each case however occurring. In no event The foregoing shall be in addition to, and not in limitation of, any further limitation of liability that might otherwise apply. Notwithstanding the foregoing, none of the provisions of this Section 24(b) shall be deemed to release any insurance carrier that insures Landlord’s liability to Tenant have the right or to levy execution against third parties from any property obligation to make any payment to Tenant pursuant to any such insurance policy, it being agreed that any release of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon for any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided obligation to Tenant in is not intended to and does not release Landlord’s insurance carrier from the obligation of paying such loss on Landlord’s behalf. The provisions of this Agreement; (bSection 24(b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account survive the nature expiration or earlier termination of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesTerm.

Appears in 1 contract

Samples: Lease Agreement (Hipcricket, Inc.)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, It is expressly agreed that the Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable entitled to assert a damage claim against Landlord seeking loss of income, lost profits, lost customers or other consequential damages for any deficiencytype of claim. In no the event Landlord breaches this Lease and does not cure the breach within 30 days after receipt of written notice from Tenant, (or to commence to cure default if the default can not be reasonably cured within 30 days) then Tenant’s sole remedy shall Tenant have be the right to levy execution terminate this Lease and to seek damages against Landlord for damages which shall be limited to the actual cost to Tenant of obtaining substantially similar premises which shall not exceed three (3) times the amount of the monthly Base Rent. Tenant waives the right to seek all other types of damages. Notwithstanding any property of Landlord other than its rightprovision contained in this Lease or elsewhere now or hereafter to the contrary, title Xxxxxx agrees and acknowledges that Tenant shall look solely and only to Landlord’s interest in the Shopping Center including, but not limited to, leasehold in the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, unit leased to Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default or breach by Landlord under this Agreement, except with respect to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature any of the breachterms and provisions of this Lease on the part of the Landlord to be performed or observed; and (c) Tenant’s rights and remedies hereunder no other assets whatsoever of Landlord shall be limited subject to liability, levy, execution, or other judicial process or award for the extent this Agreement otherwise expressly limits Tenantsatisfaction of Xxxxxx’s rights claim(s) of any kind or remediessort whatsoever. Notwithstanding anything In the event of a sale or conveyance by Landlord of the building or a foreclosure by any creditor of Landlord, the same shall operate to release Landlord from any liability upon any of the covenants or conditions, express or implied, herein contained in this Agreement to the contrary, the obligations favor of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersTenant, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement solely look to the contrary, in no event shall Landlord or new owner for any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to claims under this Agreement for lost profits or consequential, speculative or punitive damagesLease.

Appears in 1 contract

Samples: Lease Agreement (La Rosa Holdings Corp.)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent Xxxxxx agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Xxxxxx hereby agrees to look solely to Xxxxxxxx’s transferee for the performance of Xxxxxxxx’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Xxxxxx’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Xxxxxx agrees to look solely to Landlord’s equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreementassets. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages.

Appears in 1 contract

Samples: Standard Industrial Lease (Adara Acquisition Corp.)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's security deposit to Tenant or transfer Tenant's security deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord's equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord's failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or wilful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Office Lease (United Panam Financial Corp)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, in respect of the period thereafter occurring and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder thereafter to be performed, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, members, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, members, directors or officers of such partners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Lease. Tenant shall look solely to Landlord to enforce Landlord's obligations hereunder and shall not seek any deficiencydamages against any of the Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and shall be limited to Landlord's interest in the Building and the Real Property and Tenant shall not look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for Landlords failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Agreement (Marvel Enterprises Inc)

Landlord’s Liability. If the Building shall be sold, leased or otherwise transferred, Landlord defaults shall be relieved of all future obligations and liabilities hereunder arising from and after the date of the transfer and the transferee shall be deemed to have assumed and agreed to perform all such obligations and liabilities of Landlord under this Agreement and if, as a consequence Lease. In the event of such defaultsale, Tenant lease or transfer, Landlord shall recover a money judgment against also be relieved of all existing obligations and liabilities hereunder provided that the transferee assumes in writing such obligations. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such judgment shall be satisfied against the rightpartners), title and interest if Landlord is a partnership, Confidential Treatment Requested by Compass, Inc. Pursuant to 17 C.F.R. Section 200.83 nor ally member of Landlord, if Landlord in the Shopping Center including, but not is a limited toliability company (collectively, the rents“Parties”), proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencythe performance of Landlord’s obligations under this Lease. In no event Tenant shall Tenant have the right look solely to levy execution Landlord to enforce Landlord’s obligations hereunder and shall not seek ally damages against any property of the Parties. The liability of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by for Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord ’s obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant Lease shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; not exceed and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersinterest in the Building and the Real Property (including, without limitation, any insurance, condemnation and sales or refinance proceeds thereof) and Tenant shall not seek recourse against the individual partners, directors, officers, members look to any other property or shareholders assets of Landlord or against the property or assets of any of the Parties in seeking either to enforce Landlord’s partners obligations under this Lease or any other persons or entities having any interest in to satisfy a judgment for Landlord, or any of their personal assets for satisfaction of ’s failure to perform such obligations. Neither Landlord nor Tenant shall have any liability with respect to for any consequential or punitive damages under this Agreement. Notwithstanding anything contained in this Agreement to the contraryLease, in no event shall Landlord or any Landlordexcept for Tenant’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable liability pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesSubsection 19B hereof.

Appears in 1 contract

Samples: Lease (Urban Compass, Inc.)

Landlord’s Liability. If Landlord defaults under THE DECLARATION OF TRUST ESTABLISHING LANDLORD, DATED OCTOBER 9, 1986, A COPY OF WHICH, TOGETHER WITH ALL AMENDMENTS THERETO (THE "DECLARATION"), IS DULY FILED WITH THE DEPARTMENT OF ASSESSMENTS AND TAXATION OF THE STATE OF MARYLAND, PROVIDES THAT THE NAME "HEALTH AND REHABILITATION PROPERTIES TRUST" REFERS TO THE TRUSTEES UNDER THE DECLARATION COLLECTIVELY AS TRUSTEES, BUT NOT INDIVIDUALLY OR PERSONALLY, AND THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF LANDLORD SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM AGAINST, LANDLORD. ALL PERSONS DEALING WITH LANDLORD, IN ANY WAY, SHALL LOOK ONLY TO THE ASSETS OF LANDLORD FOR THE PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY OBLIGATION. Tenant, its successors and assigns, shall not assert nor seek to enforce any claim for breach of this Agreement and if, as a consequence Lease against any of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and 's assets other than Landlord's interest of Landlord in the Shopping Center including, but not limited to, Leased Property and in the rents, proceeds issues and profits derived therefrom as the same may then be constituted and encumberedthereof, and Tenant agrees to look solely to such interest for the satisfaction of any liability or claim against Landlord under this Lease, it being specifically agreed that in no event whatsoever shall not Landlord (which term shall include, without limitation, any general or limited partner, trustees, beneficiaries, officers, directors, or stockholders of Landlord) ever be personally liable for any deficiencysuch liability. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement Tenant for lost profits any indirect or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Lease Agreement (Senior Housing Properties Trust)

Landlord’s Liability. If Landlord defaults under this Agreement and if, The term “Landlord” as a consequence used herein shall mean the owner or owners at the time in question of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, fee title and interest of Landlord in to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencyPremises. In no the event shall Tenant have the right to levy execution against any property of Landlord other than its right, a transfer of Landlord’s title and or interest in the Shopping Center includingPremises or in this Lease, but not limited toLandlord shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Landlord at the time of such transfer or assignment. Except as provided in Paragraph 15.3, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the rents, proceeds and profits derived therefrom. Upon any such uncured default prior Landlord shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by Landlord. Subject to the foregoing, Tenant may exercise the obligations and/or covenants in this Lease to be performed by the Landlord shall be binding only upon the Landlord as herein above defined. Notwithstanding any other terms or provisions of its rights provided at law or in equity; providedthis lease, however: (a) Tenant shall have no right to offset or xxxxx rent Xxxxxx agrees that in the event of any default or breach by Landlord under this Agreement, except with respect to any of the terms of the Lease to be observed and performed by Xxxxxxxx (a) Tenant shall look solely to the extent offset rights are specifically provided to Tenant estate and property (which is the subject of this lease) of Landlord or any successor in this Agreementinterest in the property and the Building, for the satisfaction of Xxxxxx’s remedies for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord; (b) Tenant no other property or assets of Landlord, its partners, members, shareholders, officers or any successor in interest shall have no right be subject to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account levy, execution or other enforcement procedure for the nature of the breachsatisfaction if Xxxxxx’s remedies; and (c) Tenantno personal liability shall at any time be asserted or enforceable against Landlord, it’s rights and remedies hereunder shall be limited partner’s, members or successors in interest (except to the extent permitted in (a) above), and no judgment will be taken against any partner, member, shareholder, officer or director of Landlord. The provisions of this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement section shall apply only to the contrary, Landlord and the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersparties herein described, and Tenant shall not seek recourse against be for the individual partners, directors, officers, members or shareholders benefit of Landlord or against Landlord’s partners or any insurer nor any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesthird party.

Appears in 1 contract

Samples: Responding Party (Interlink Electronics Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord This Lease shall not be liable for binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any deficiency. In no event shall Tenant have subsequent landlord after the right to levy execution against any property sale, conveyance, assignment or transfer by such subsequent landlord) of Landlord other than its right, title and interest in the Shopping Center includingBuilding or the Real Property, but not limited toas the case may be, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder thereafter accruing, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, members, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, members, directors or officers of such partners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Lease. Tenant shall have no right look solely to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature Landlord to enforce Landlord's obligations hereunder and shall not seek any damages against any of the breach; Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and (c) Tenant’s rights and remedies hereunder shall be limited to Landlord's interest in the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Building and the contrary, Real Property and the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, rents and proceeds thereof and Tenant shall not seek recourse against the individual partners, directors, officers, members look to or shareholders attach any other property or assets of Landlord or against Landlord’s partners the property or assets of any of the Parties (other persons or entities having any than their interest in the Building and the Real Property, if any) in seeking either to enforce Landlord, 's obligations under this Lease or any to satisfy a judgment for Landlord's failure to perform such obligations. Except as provided in subsection B of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contraryArticle 21 hereof, in no event shall Landlord or Tenant (or any Landlord’s of the officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Agreement of Lease (Lazare Kaplan International Inc)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be liable for binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any deficiency. In no event shall Tenant have subsequent landlord after the right to levy execution against any property sale, conveyance, assignment or transfer by such subsequent landlord) of Landlord other than its right, title and interest in the Shopping Center includingBuilding or the Real Property, but not limited toas the case may be, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord thereafter accruing hereunder, and it shall be deemed and construed without further agreement between the parties or the successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such partners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Lease. Tenant shall have no right look solely to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature Landlord to enforce Landlord's obligations hereunder and shall not seek any damages against any of the breach; Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and (c) Tenant’s rights and remedies hereunder shall be limited to Landlord's interest in the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Building and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, Real Property and Tenant shall not seek recourse against the individual partners, directors, officers, members look to or shareholders attach any other property or assets of Landlord or against Landlord’s partners the property or any other persons or entities having any interest in Landlord, or assets of any of their personal assets the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for satisfaction of any liability with respect Landlord's failure to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesperform such obligations.

Appears in 1 contract

Samples: Execution Original (Thrupoint Inc)

Landlord’s Liability. If In no event shall Landlord's liability for any breach of this lease exceed the amount of rental then remaining unpaid for the then current term (exclusive of any renewal periods which have not then actually commenced). This provision is not intended to be a measure or agreed amount of Landlord's liability with respect to any particular breach, and shall not be utilized by any court or otherwise for the purpose of determining any liability of Landlord defaults under this Agreement and ifhereunder, except only as a consequence of such default, maximum amount not to be exceeded in any event. 22. Mechanic's and Other Liens. Tenant shall recover a money judgment have no authority, express or implied, to create or place any lien or encumbrance of any kind or nature whatsoever upon, or in any manner to bind, the interest of Landlord in the premises or to charge the rentals payable hereunder for any claim in favor of any person dealing with Tenant, including those who may furnish materials or perform labor for any construction or repairs, and each such claim shall affect and each such lien shall attach to, if at all, only the leasehold interest granted to Tenant by this instrument. Tenant covenants and agrees that it will pay or cause to be paid all sums legally due and payable by it on account of any labor performed or materials furnished in connection with any work performed on the premises on which any lien is or can be validly and legally asserted against Landlordits leasehold interest in the premises or the improvements thereon and that it will save and hold Landlord harmless from any and all loss, such judgment shall be satisfied cost or expense based on or arising out of asserted claims or liens against the leasehold estate or against the right, title and interest of the Landlord in the Shopping Center includingpremises or under the terms of this lease. Tenant will not permit any mechanic's lien or liens or any other liens which may be imposed by law affecting Landlord's or its mortgagees' interest in the premises or any building or other improvement of which the premises are a part to be placed upon the premises or any building or improvement thereon during the term hereof, but not limited toand in case of the filing of any such lien Tenant will promptly pay same. If any such lien shall remain in force and effect thirty (30) days after written notice thereof from Landlord to Tenant, Landlord shall have the rents, proceeds right and profits derived therefrom as privilege at Landlord's option of paying and discharging the same may then be constituted and encumberedor any portion thereof without inquiry as to the validity thereof, and any amounts so paid, including expenses and interest, shall be so much additional indebtedness hereunder due from Tenant to Landlord and shall not be liable for any deficiencyrepaid to Landlord immediately on rendition of a xxxx therefor. In no event Notwithstanding the foregoing, Tenant shall Tenant have the right to levy execution contest any such lien in good faith and with all due diligence so long as any such contest, or action taken in connection therewith, protects the interest of Landlord and Landlord's mortgagee in the premises and Landlord and any such mortgagee are, by the expiration of said thirty (30) day period, furnished such protection, and indemnification against any property of Landlord other than its rightloss, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon cost or expense related to any such uncured default by Landlord, Tenant may exercise lien and the contest thereof as are satisfactory to Landlord and any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagessuch mortgagee.

Appears in 1 contract

Samples: Lease Agreement (Watson Pharmaceuticals Inc)

Landlord’s Liability. If Sale of Building. The term "Landlord", as used in this Lease, shall mean only the owner or owners of the Real Property at the time in question. Notwithstanding any other provision of this Lease, the liability of Landlord defaults for its obligations under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Lease is limited solely to Landlord, such judgment shall be satisfied against the right, title and 's interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom Real Property as the same may then from time to time be constituted and encumbered, and no personal liability shall at any time be asserted or enforceable against any other assets of Landlord or against Landlord's stockholders, directors, officers or partners on account of any of Landlord's obligations or actions under this Lease. In addition, in the event of any conveyance of title to the Real Property, then from and after the date of such conveyance, Landlord shall be relieved of all liability with respect to Landlord's obligations to be performed under this Lease after the date of such conveyance. Upon any conveyance of title to the Real Property, the grantee or transferee, by accepting such conveyance, shall be deemed to have assumed Landlord's obligations to be performed under this Lease from and after tile date of transfer, subject to the limitations on liability set forth above in this Paragraph 28. If Tenant provides Landlord with any security for Tenant's performance of its obligations hereunder, and Landlord transfers such security to the grantee or transferee of Landlord's interest in the Real Property, Landlord shall be released from any further responsibility or liability for such security. Notwithstanding any other provision of this Lease, Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its rightconsequential damages, title and interest in the Shopping Center including, but not limited towithout limitation, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequentialloss of business, speculative nor shall Landlord be liable for loss of or punitive damages.damage

Appears in 1 contract

Samples: CKS Group Inc

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord’s equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this AgreementLease, except to the extent offset rights are specifically provided to Tenant in this Agreement; or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees, and agents. No partner, employee, or agent of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited to personally liable for the extent performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directors, officers, members or shareholders partners of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Office Lease Agreement (Cross Country Healthcare Inc)

Landlord’s Liability. If 21. This lease and the obligations of Tenant hereunder shall in no way be affected because Landlord defaults under this Agreement and ifis unable to fulfill any of its obligations or to supply any service, as a consequence by reason of such default, Tenant strike or other cause not within Landlord's control. Landlord shall recover a money judgment against Landlord, such judgment shall be satisfied against have the right, title and interest without incurring any liability to Tenant, to stop any service because of Landlord accident or emergency, or for repairs, alterations or improvements, necessary or desirable in the Shopping Center includingjudgment of Landlord, but not limited tountil such repairs, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and alterations or improvements shall have been completed. Landlord shall not be liable to Tenant or anyone else, for any deficiency. In no event shall Tenant have loss or damage to person, property or business, unless due to the right to levy execution against any property negligence of Landlord other than its right, title and interest nor shall Landlord be liable for any latent defect in the Shopping Center includingpremises or the building. Tenant, but during the term of this lease, shall carry public liability and property damage insurance, from a company authorized to do business in New York, with limitations acceptable to Landlord, which policy or policies shall name the Landlord and its designees as additional insureds. Evidence of the policies, and of their timely renewal, shall be delivered to Landlord. All such insurance shall contain an agreement by the insurance company that the policy or policies will not limited tobe canceled for the coverage changed, without thirty (30) days' prior written notice to the rentsLandlord. Tenant agrees to look solely to Landlord's estate and interests in the land and building, proceeds or the lease of the building or of the land and profits derived therefrom. Upon building, and the demised premises, for the satisfaction any such uncured default right or remedy of Tenant for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default liability by Landlord, and no other property or assets of Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited subject to levy, execution or other enforcement procedure for the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability Tenant's remedies under or with respect to this Agreement. Notwithstanding anything contained in this Agreement to lease, the contraryrelationship of landlord and tenant hereunder, in no event shall Landlord or Tenant's use and occupancy of the demised premises or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed liability of Landlord to Tenant (and their respective successors and assigns) ever be liable pursuant to this Agreement except for lost profits or consequential, speculative or punitive damagesnegligence).

Appears in 1 contract

Samples: Lease (Toymax International Inc)

Landlord’s Liability. If Except as otherwise expressly provided in this Lease, this Lease and the obligations of Tenant to pay Rent hereunder and perform all other covenants, agreements, terms, provisions and conditions hereunder on the part of Tenant to be performed shall in no way be affected, impaired or excused because Landlord defaults is unable to fulfill any of its obligations under this Agreement and ifLease or is unable to supply or is delayed in supplying any service expressly or impliedly to be supplied or is unable to make or is delayed in making any repairs, as a consequence replacements, additions, alterations, improvements or decorations or is unable to supply or is delayed in supplying any equipment or fixtures if Landlord is prevented or delayed from doing so by reason of such defaultstrikes or labor troubles or any other similar or dissimilar cause whatsoever beyond Landlord’s reasonable control, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, including but not limited toto governmental preemption in connection with a national emergency or by reason of any rule, order or regulation of any department or subdivision thereof of any governmental agency or by reason of the conditions of supply and demand which have been or are affected by war, hostilities or other similar or dissimilar emergency. In each such instance of inability of Landlord to perform, Landlord shall exercise reasonable diligence to eliminate the cause of such inability to perform. Landlord shall in no event be deemed in default with respect to any term, condition or other provision of this Lease so as to entitle Tenant to be relieved from any of Tenant’s obligations hereunder or to terminate this Lease unless Landlord shall have failed to perform or observe such term, condition or other provision and such failure continues for thirty (30) days following receipt of written notice from Tenant specifying such failure plus such additional time as may be reasonably required to complete any necessary remedial action. Whenever in this Lease Landlord’s consent or approval is required and Landlord has expressly agreed that such consent or approval shall not be unreasonably withheld or delayed, Tenant in no event shall be entitled to make any claim for money damages based upon any assertion by Tenant that Landlord unreasonably withheld or delayed such consent or approval. Tenant’s sole remedy in such circumstance shall be an action to enforce any such provision by way of specific performance, injunction or declaratory judgment. Tenant shall neither assert nor seek to enforce any claim for breach of this Lease or otherwise against any of Landlord’s assets other than Landlord’s interest in the Property and in the rents, proceeds issues and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersthereof, and Tenant shall not seek recourse against agrees to look solely to such interest for the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contraryof Landlord, it being specifically agreed that in no event shall Landlord or (which term shall include without limitation any Landlord’s of the officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, stockholders or other principals or representatives, disclosed or undisclosed (and their respective successors and assignsundisclosed, of Landlord or any managing agent) ever be personally liable pursuant for any such liability. This paragraph shall not limit any right that Tenant might otherwise have to this Agreement obtain injunctive relief against Landlord or to take any other action which shall not involve the personal liability of Landlord to respond in monetary damages from Landlord’s assets other than Landlord’s interest in the Property, as aforesaid. In no event shall Landlord ever be liable for lost profits or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Lease (Viryanet LTD)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be binding upon Landlord named herein from and after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of Its Interest in the Building or the Real Property, as the case may be, and in the event of any such sale. conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and II shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, members, directors or officers or· Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, members, directors or officers of such partners), if Landlord is a partnership (collectively, the “Parties’), shall be liable for the performance of Landlord’s obligations under this Lease. Tenant shall look solely to Landlord to enforce Landlord’s obligations hereunder and shall not seek any deficiencydamages against any of the Parties. The liability of Landlord for Landlord’s obligations under this Lease shall not exceed and shall be limited to Landlord’s interest in the Building and the Real Property and Tenant shall not look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord’s Obligations under this Lease or to satisfy a judgment for Landlord’s failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: either party (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Agreement of Lease (Constant Contact, Inc.)

Landlord’s Liability. If Landlord defaults under this and Tenant represent and -------------------- acknowledge each to the other that in any interaction between Tenant and any representative of Landlord (including but not limited to, any partner, general or limited, of Landlord or any employee of Landlord) relating directly or indirectly to the within Lease Agreement and if, said representative was acting not in his or her individual capacity but solely as a consequence representative of such defaultthe Landlord. Accordingly, Tenant agrees that if Landlord, through the actions of any of its representatives, shall breach any of the provisions hereof, Tenant shall recover a money judgment against not institute any claim or suit naming any partner, general and limited, of Landlord, such nor any employee of Landlord, on account of said breach by Landlord, of any of the provisions hereof. If Landlord shall breach any of the provisions hereof, Landlord's liability shall in no event exceed Landlord's interest in the premises as of the date of Landlord's breach, and Tenant expressly agrees that any judgment shall or award which it may obtain against Landlord to be recoverable and satisfied against solely out of the right, title and interest of Landlord in and to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumberedPremises, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in rights against the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directorsgeneral and limited, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or rights of lien or levy against any other property of their personal Landlord (or of any person or entity comprising Landlord), nor shall any other property or assets of Landlord be subject to levy, execution or other enforcement proceedings for the collection of any such sums or satisfaction of any liability with respect such judgment or award. In the event that Tenant wrongfully seeks to this Agreement. Notwithstanding anything contained in this Agreement to the contraryassert a claim or lawsuit against any partner, in no event shall Landlord or any general and limited, of Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals against any of Landlord's employees, Landlord shall be entitled to recover, as against Tenant, Landlord's reasonable attorney's fees and court costs incurred in obtaining the dismissal of said claim or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable lawsuit pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesSection.

Appears in 1 contract

Samples: Lease (Markland Technologies Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease from and after the date of such transfer provided such transferee assumes in writing all of Landlord’s obligations hereunder; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s Security Deposit to Tenant or transfer Tenant’s Security Deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its Security Deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord’s equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directors, officers, members or shareholders partners of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Lease (Regenerx Biopharmaceuticals Inc)

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Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, It is expressly agreed that the Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable entitled to assert a damage claim against Landlord seeking loss of income, lost profits, lost customers or other consequential damages for any deficiencytype of claim. In no the event Landlord breaches this Lease and does not cure the breach within 30 days after receipt of written notice from Tenant, ( or to commence to cure default if the default can not be reasonably cured within 30 days) then Tenant’s sole remedy shall Tenant have be the right to levy execution terminate this Lease and to seek damages against Landlord for damages which shall be limited to the actual cost to Tenant of obtaining substantially similar premises which shall not exceed three (3) times the amount of the monthly Base Rent. Tenant waives the right to seek all other types of damages. Notwithstanding any property of Landlord other than its rightprovision contained in this Lease or elsewhere now or hereafter to the contrary, title Xxxxxx agrees and acknowledges that Tenant shall look solely and only to Landlord’s interest in the Shopping Center including, but not limited to, leasehold in the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, unit leased to Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default or breach by Landlord under this Agreement, except with respect to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature any of the breachterms and provisions of this Lease on the part of the Landlord to be performed or observed; and (c) Tenant’s rights and remedies hereunder no other assets whatsoever of Landlord shall be limited subject to liability, levy, execution, or other judicial process or award for the extent this Agreement otherwise expressly limits Tenantsatisfaction of Xxxxxx’s rights claim(s) of any kind or remediessort whatsoever. Notwithstanding anything In the event of a sale or conveyance by Landlord of the building or a foreclosure by any creditor of Landlord, the same shall operate to release Landlord from any liability upon any of the covenants or conditions, express or implied, herein contained in this Agreement to the contrary, the obligations favor of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersTenant, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement solely look to the contrary, in no event shall Landlord or new owner for any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to claims under this Agreement for lost profits or consequential, speculative or punitive damagesLease.

Appears in 1 contract

Samples: Lease Agreement (La Rosa Holdings Corp.)

Landlord’s Liability. If All obligations of Landlord defaults hereunder shall be construed as covenants, not conditions; and Tenant may not terminate this Lease or withhold payment of Rent for breach of Landlord’s obligations hereunder. Tenant hereby waives the benefit of any laws granting it the right to perform Landlord’s obligations or the right to terminate this Lease or withhold rent on account of any Landlord default. All obligations of Landlord under this Agreement Lease will be binding upon Landlord only during the period of its ownership of the Premises and ifnot thereafter. The term “Landlord” as used in this Lease shall mean only the owner, as a consequence for the time being of the Premises, and in the event of the transfer by such owner of its interest in the Premises, such owner shall thereupon be released and discharged from all obligations of Landlord thereafter accruing, but such obligations shall be binding during the Term of this Lease upon each new owner for the duration of such defaultowner’s ownership. The liability of Landlord (and its partners, shareholders or members) to Tenant shall recover a money judgment against Landlord(or any person or entity claiming by, such judgment through or under Tenant) for any default by Landlord under the terms of this Lease or any matter relating to or arising out of the occupancy or use of the Premises and/or other areas of the Building or Property shall be satisfied against the right, title and interest of Landlord in the Shopping Center includinglimited to Tenant’s actual direct, but not limited toconsequential, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencydamages therefor. In no event shall Tenant have Landlord’s liability for any breach of this Lease exceed the right to levy execution against any property amount of Landlord other than its right, title and interest in rental then remaining unpaid for the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: then current Term (a) Tenant shall have no right to offset or xxxxx rent in the event exclusive of any default by Landlord under this Agreement, except renewal periods which have not then actually commenced). This provision is not intended to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by be a court measure or agreed amount of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreementany particular breach, and shall not be utilized by any court or otherwise for the purpose of determining any liability of Landlord hereunder, except only as a maximum amount not to be exceeded in any event. Notwithstanding anything contained in this Agreement to Furthermore, any liability of Landlord hereunder shall be enforceable only out of the contrary, Building and in no event shall out of the separate assets of any constituent partner of Landlord. Neither Landlord or nor any Landlord’s of its respective officers, trustees, directors, partnersemployees, beneficiariesheirs, joint venturers, members, stockholderssuccessors, or other principals assigns, shall Landlord DCB 18 Tenant D.A. have any personal liability of any kind or representativesnature, disclosed directly or undisclosed (and their respective successors and assigns) ever be liable pursuant indirectly, under or in connection with this Lease. No holder or beneficiary of any mortgage or deed of trust on any part of the Property shall have any liability to this Agreement Tenant hereunder for lost profits or consequential, speculative or punitive damagesany default of Landlord.

Appears in 1 contract

Samples: Lease Agreement (Wallbox N.V.)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such partners), if Landlord is a partnership (collectively, the “Parties”), shall be liable for the performance of Landlord’s obligations under this Lease. Tenant shall look solely to Landlord to enforce Landlord’s obligations hereunder and shall not seek any deficiencydamages against any of the Parties. The liability of Landlord for Landlord’s obligations under this Lease shall not exceed and shall be limited to Landlord’s interest in the Building and the Real Property and Tenant shall not look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord’s obligations under this Lease or to satisfy a judgment for Landlord’s failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Agreement of Lease (Intralinks Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's Security Deposit to Tenant or transfer Tenant's Security Deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its Security Deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord's equity interest in the Project for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord's failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directors, officers, members or shareholders partners of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Visual Networks Inc

Landlord’s Liability. If the Building shall be sold, leased or otherwise transferred, Landlord defaults shall be relieved of all future obligations and liabilities hereunder and the transferee shall be deemed to have assumed and agreed to perform all such obligations and liabilities of Landlord under this Agreement and if, as a consequence Lease. In the event of such defaultsale, Tenant lease or transfer, Landlord shall recover a money judgment against also be relieved of all existing obligations and liabilities hereunder provided that the transferee assumes in writing such obligations. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such judgment shall be satisfied against the rightpartners), title and interest if Landlord is a partnership, nor any member of Landlord, if Landlord in the Shopping Center including, but not is a limited toliability company (collectively, the rents“Parties”), proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for the performance of Landlord’s obligations under this Lease. Tenant shall look solely to Landlord to enforce Landlord’s obligations hereunder and shall not seek any deficiency. In no event shall Tenant have the right to levy execution damages against any property of the Parties. The liability of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by for Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord ’s obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant Lease shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; not exceed and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, interest in the Building and the Real Property and Tenant shall not seek recourse against the individual partners, directors, officers, members look to any other property or shareholders assets of Landlord or against the property or assets of any of the Parties in seeking either to enforce Landlord’s partners obligations under this Lease or any other persons or entities having any interest in Landlord, or any of their personal assets to satisfy a judgment for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant failure to this Agreement perform such obligations. Landlord shall have no liability for lost profits or consequential, speculative any consequential or punitive damages.

Appears in 1 contract

Samples: Agreement of Lease (Relmada Therapeutics, Inc.)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, members, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, members, directors or officers of such partners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Lease. Tenant shall look solely to Landlord to enforce Landlord's obligations hereunder and shall not seek any deficiencydamages against any of the Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and shall be limited to Landlord's interest in the Building and the Real Property and Tenant shall not look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for Landlord's failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever representatives of Landlord be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Agreement of Lease (Harris & Harris Group Inc /Ny/)

Landlord’s Liability. If The term “Landlord” as used in this Lease, so far as covenants or obligations on the part of Landlord defaults are concerned, shall be limited to mean and include only the owner or owners, at the time in question, of the fee title of the Premises and Project or the lessees under this Agreement and ifground leases of the land or master leases of the Building, as a consequence if any. Landlord’s obligations hereunder shall be binding upon Landlord only for the period of time that Landlord is in ownership of such defaulttitle,, and upon termination of that ownership through a transfer, assignment or other conveyance of any such title, Tenant, except as to any obligations that are then due and owing, shall look solely to Landlord’s successor-in-interest and in case of any subsequent transfer or conveyance, the then-grantee (the “Transferee”) in ownership of the Building for the satisfaction of each and every obligation of Landlord hereunder after the date of such transfer. Without further agreement, the Transferee shall be deemed to have assumed and agreed to observe and perform any and all obligations of Landlord hereunder during its ownership of such title. Within fifteen (15) days of a written request from the Transferee and the presentation of a commercially reasonable attornment document, and without charge, Tenant shall recover attorn to the Transferee and, at the option of any Mortgagees, to such Mortgagees subject to the terms of a money judgment against LandlordSubordination Agreement in effect at such time. Landlord shall have no personal liability under any of the terms, such judgment conditions or covenants of this Lease and Tenant shall be satisfied against look solely to the right, title and interest equity of Landlord in the Shopping Center including, but not limited to, Building and/or the rents, proceeds and profits derived therefrom as for the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any claim, remedy or cause of action of any kind whatsoever arising from the relationship between the parties or any rights and obligations they may have relating to the Project, this Lease, or anything related to either, including without limitation as a result of the breach of any Section of this Lease by Landlord. In addition, no recourse shall be had for an obligation of Landlord hereunder, or for any claim based thereon or otherwise in respect thereof or the relationship between the parties, against any past, present, or future Landlord Indemnitee (other than Landlord), whether by virtue of any statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such other liability being expressly waived and released by Tenant with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Indemnitees (other than Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages).

Appears in 1 contract

Samples: Lease (Sailpoint Technologies Holdings, Inc.)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, members, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, members, directors or officers of such partners), if Landlord is a partnership (collectively, the “Parties”), shall be liable for the performance of Landlord’s obligations under this Lease. Tenant shall look solely to Landlord to enforce Landlord’s obligations hereunder and shall not seek any deficiencydamages against any of the Parties. The liability of Landlord for Landlord’s obligations under this Lease shall not exceed and shall be limited to Landlord’s interest in the Building and the Real Property and Tenant shall not look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord’s obligations under this Lease or to satisfy a judgment for Landlord’s failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Agreement of Lease (Yodle Inc)

Landlord’s Liability. If Landlord defaults under this Agreement The term "Landlord" as used herein shall mean only the owner or owners at the time in question of the fee title or a lessee's interest in a ground lease of the Premises, and if, as a consequence if any transfer of such defaulttitle or interest occurs, Tenant shall recover a money judgment against Landlordthen Landlord herein named (and, such judgment in case of any subsequent transfers, then each grantor thereof) shall be satisfied against relieved from and after the rightdate of such transfer of all liability relating to Landlord's obligations thereafter to be performed, title and interest provided that any funds in the hands of Landlord (or the then-grantor at the time of such transfer) in which Tenant has an interest shall be delivered to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then grantee. The obligations contained in this Lease to be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default performed by Landlord under this Agreementshall, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court subject as aforesaid, be binding on Landlord's successors and assigns only during their respective periods of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remediesownership. Notwithstanding anything contained in this Agreement Lease to the contrary, Landlord shall have no personal liability under any provision of this Lease, Tenant hereby agreeing to look solely to Landlord's estate in the obligations of Landlord under this Agreement (including Premises for recourse and/or recovery for any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partnersclaim, directorsdamage, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholdersliability, or other principals amount arising under, relating to, or representativesin connection with Tenant's occupancy of and/or tenancy in the Premises; it being further agreed that, disclosed for this purpose, the Premises shall be deemed encumbered by a loan having a loan-to-value ratio of 70% if the Premises is unencumbered or undisclosed (and their respective successors and assigns) ever encumbered by a loan having a lesser loan-to-value ratio at the time the determination of the Landlord's estate in the Premises is to be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesmade.

Appears in 1 contract

Samples: Lease Agreement (Sports Club Co Inc)

Landlord’s Liability. Xxxxxx agrees from time to time to look only to Landlord’s interest in the Building and the proceeds therefrom (which shall include, without limitation, rents and insurance and sales proceeds) for satisfaction of any claim against Landlord hereunder or under any other instrument related to the Lease (including any separate agreements among the parties and any notices or certificates 22 delivered by Landlord) and not to any other property or assets of Landlord. If Landlord defaults from time to time transfers its interest in the Building (or part thereof which includes the Premises), then from and after each such transfer, and the transferee’s written assumption of Landlord’s obligations under this Agreement and if, as a consequence of such defaultLease, Tenant shall recover a money judgment against look solely to the interests in the Building of each of Landlord, such judgment shall be satisfied against ’s transferees for the right, title and interest performance of all of the obligations of Landlord in the Shopping Center includinghereunder (or under any related instrument) thereafter accruing. The obligations of Landlord shall not be binding on any direct or indirect partners (or members, trustees or beneficiaries) of Landlord or of any successor, individually, but not limited toonly upon Landlord’s or such successor’s interest described above. If Landlord shall refuse or fail to provide any consent or approval for any matter for which Xxxxxxxx’s consent or approval is required under this Lease or is otherwise requested by Tenant, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for damages as a result thereof, and Xxxxxx’s sole remedy to enforce any deficiency. In no event shall Tenant have the right to levy execution against any property alleged obligation of Landlord to provide such consent or approval shall be an action for specific performance, injunction, or declaratory relief; provided that this sentence shall not prevent Tenant from pursuing a claim, if made in good faith in accordance with the terms and conditions of this Lease, for direct damages (and not for any other than its rightdamages, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law as indirect or in equity; provided, however: (aconsequential damages) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined caused by a court refusal by Landlord to provide such consent or approval where Landlord was obligated to provide such consent or approval under the terms and conditions of competent jurisdiction under applicable law taking into account the nature this Lease and such refusal was made in bad faith disregard of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the such obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesLease.

Appears in 1 contract

Samples: Office Lease Agreement (Haemonetics Corp)

Landlord’s Liability. If Tenant acknowledges that Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against have the right, title and from time to time, to transfer all or any portion of its interest of Landlord in the Shopping Center includingPremises and to assign this Lease to the transferee. Provided, but not limited to, Landlord covenants and agrees that Landlord will assign its interest in this Lease only under the rents, proceeds following circumstances: (A) any successor landlord must be experienced in the ownership and profits derived therefrom as management of Class A multi-tenanted commercial office properties or in the same may then alternative must have the Buildings managed by a property manager experienced in the operation of Class A multi-tenanted commercial office properties; and (B) the assignment to a purchaser of this Lease shall be constituted made only in conjunction with the transfer of Landlord’s entire interest in Parcels 12 and encumbered, 13 and the successor landlord shall be the owner of such interest in Parcels 12 and 13; and (C) Landlord shall not be liable for any deficiency. In no event shall Tenant have transfer the right to levy execution against any property of Landlord Premises or assign this Lease (other than an assignment of this Lease to Landlord’s mortgage lender or its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefromnominee to secure Landlord’s financing) prior to Substantial Completion of Landlord’s Work. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of any default by such a transfer Landlord shall automatically be released from all liability under this Agreement, except Lease accruing thereafter; and Tenant hereby agrees to look solely to Landlord’s transferee or assignee for the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court performance of competent jurisdiction under applicable law taking into account Landlord’s obligations hereunder that accrue after the nature date of the breach; and (c) Tenant’s rights and remedies hereunder transfer. No partner, member, employee or agent of Landlord or any constituent entity of Landlord shall be limited to personally liable for the extent performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directors, officers, partners or members or shareholders of Landlord or of any constituent entity of Landlord’s partners, if any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other such persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Del Monte Foods Co

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, members, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, members, directors or officers of such partners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Lease. Tenant shall look solely to Landlord to enforce Landlord's obligations hereunder and shall not seek any deficiencydamages against any of the Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and shall be limited to Landlord's interest in the Building and the Real Property (and any refinancing or any sale proceeds) and Tenant shall not look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for Landlord's failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Agreement of Lease (Women Com Networks Inc)

Landlord’s Liability. If Landlord defaults under THE DECLARATION OF TRUST OF LANDLORD, DATED APRIL 2, 1999, A COPY OF WHICH, TOGETHER WITH ALL AMENDMENTS THERETO (THE "DECLARATION"), IS DULY FILED IN THE OFFICE OF THE DEPARTMENT OF ASSESSMENTS AND TAXATION OF THE STATE OF MARYLAND, PROVIDES THAT THE NAME "HRES1 PROPERTIES TRUST" REFERS TO THE TRUSTEES UNDER THE DECLARATION COLLECTIVELY AS TRUSTEES, BUT NOT INDIVIDUALLY OR PERSONALLY, AND THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF LANDLORD SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM AGAINST, LANDLORD. ALL PERSONS DEALING WITH LANDLORD, IN ANY WAY, SHALL LOOK ONLY TO THE ASSETS OF LANDLORD, FOR THE PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY OBLIGATION. Tenant, its successors and assigns, shall not assert nor seek to enforce any claim for breach of this Agreement and if, as a consequence Lease against any of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and 's assets other than Landlord's interest of Landlord in the Shopping Center including, but not limited to, Leased Property and in the rents, proceeds issues and profits derived therefrom as the same may then be constituted and encumberedthereof, and Tenant agrees to look solely to such interest for the satisfaction of any liability or claim against Landlord under this Lease, it being specifically agreed that in no event whatsoever shall not Landlord (which term shall include, without limitation, any general or limited partner, trustees, beneficiaries, officers, directors, or stockholders of Landlord) ever be personally liable for any deficiencysuch liability. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement Tenant for lost profits any indirect or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Lease Agreement (Senior Housing Properties Trust)

Landlord’s Liability. If 21. This lease and the obligations of Tenant hereunder shall in no way be affected because Landlord defaults under this Agreement and ifis unable to fulfill any of its obligations or to supply any service, as a consequence by reason of such default, Tenant strike or other cause not within the Landlord's control. Landlord shall recover a money judgment against Landlord, such judgment shall be satisfied against have the right, title and interest without incurring any liability to Tenant, to stop any service because of Landlord accident or emergency, or for repairs, alterations or improvements, necessary or desirable in the Shopping Center includingjudgement of Landlord, but not limited tountil such repairs, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and alterations or improvements shall have been completed. Landlord shall not be liable to Tenant or anyone else, for any deficiency. In no event shall Tenant have loss or damage to its agents, employees, or invitees person, property or business, unless due to the right to levy execution against any property negligence of Landlord other than nor shall Landlord be liable for any latent defect in the premises or the building. Tenant, during the term of the lease, shall carry public liability and property damage insurance, from a company authorized to do business in New York, with limitations acceptable to Landlord and its rightdesignees as additional insureds. Evidence of the policies, title and of their timely renewal, shall be delivered to Landlord. All such insurance shall contain an agreement by the insurance company that the policy or policies will not be cancelled or the coverage changed, without thirty (30) days' prior written notice to the Landlord. Tenant agrees to look solely to Landlord's estate and interest in the Shopping Center includingland and building, but not limited toor the lease of the building or of the land and building, and the rentsdemised premises, proceeds and profits derived therefrom. Upon for the satisfaction of any such uncured default right or remedy of Tenant for the collection of a judgement (or other judicial process) requiring the payment of money by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default liability by Landlord, and no other property or assets of Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited subject to levy, execution or other enforcement procedure for the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability Tenant's remedies under or with respect to this Agreement. Notwithstanding anything contained in this Agreement to lease, the contraryrelationship of landlord and tenant hereunder, in no event shall Landlord or Tenant's use and occupancy of the premises or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed liability of Landlord to Tenant (and their respective successors and assigns) ever be liable pursuant to this Agreement except for lost profits or consequential, speculative or punitive damagesnegligence).

Appears in 1 contract

Samples: Lease (Doubleclick Inc)

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Consent -------------------- shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Premises, as the case may be, and in the event of any such sale, conveyance, assignment or transfer, such Landlord (and any such subsequent landlord) shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder from and after the date of such sale, conveyance, assignment or transfer. Neither the trustees, beneficiaries, partners, directors, officers or employees of Landlord (collectively, the "Parties") shall be liable for the performance of Landlord's obligations under this Consent, nor shall the Parties be liable for the performance of Landlord's obligations under the Sublease pursuant to any deficiencyattornment by Subtenant to Landlord. Tenant and Subtenant, as the case may be, shall look solely to Landlord to enforce Landlord's obligations hereunder and thereunder and shall not seek any damages against any of the Parties. The liability of Landlord for Landlord's obligations under this Consent and the Sublease shall be limited to Landlord's interest in the Building and Tenant and Subtenant shall not look to any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord's obligations under this Consent or under the Sublease pursuant to any such attornment or to satisfy a judgement for Landlord's failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits indirect or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Consent Agreement (On Technology Corp)

Landlord’s Liability. If Landlord defaults under this Agreement and ifThe TENANT shall not have any claim of any nature against the LANDLORD nor shall the TENANT be entitled to withhold or delay payment of rental or other amounts due to the LANDLORD for any accident, injury, loss or damage: because the Premises or any portion thereof is in a defective condition or in a state of disrepair or any particular repair not being affected in a proper manner or at all by the LANDLORD, except if the LANDLORD, after written notification from the TENANT, refuses or delays unduly in effecting such repairs to the Premises for which the LANDLORD is responsible; arising out of any cause either wholly or partly outside the LANDLORD’S control; caused through any negligence on the part of the TENANT, its guests, agents, servants or employees; arising out of any act or omission of whatever nature by any other occupier of the Premises. The TENANT hereby indemnifies the LANDLORD against any claim made against the LANDLORD by anybody for any loss or damage suffered in the Premises, or as a consequence result of such defaultany act or omission of the TENANT. _________________________________ Full signature by the tenant as acknowledgment and acceptance of this clause, Tenant shall recover and awareness of the risk Court proceedings The parties agree, in terms of section 45 of the Magistrate’s Courts Act of 1944, to the jurisdiction of the Magistrate’s Court in respect of any actions or proceedings which may be arise out of this agreement, or any breach or alleged breach. The TENANT agrees that, should the LANDLORD institute proceedings either in the Magistrate’s Court or in the High Court, then the TENANT is liable for all costs which are incurred by the LANDLORD on the attorney and client scale, including collection commission. Should the LANDLORD institute legal action against the TENANT as above, a money judgment against Landlordcertificate signed by a director, such judgment secretary or agent of the LANDLORD indicating the amount due to the LANDLORD, shall be satisfied against sufficient and prima facie proof of the rightamount reflected thereon, title and interest for purposes of Landlord summary judgment or any other legal proceedings whatsoever. Damage to or destruction of the Premises If the Premises is damaged by fire or otherwise in such a manner that it is still able to be lived in, then this agreement will not be cancelled and, provided that such damage was not caused by the TENANT or otherwise as a result of this lease, the rental payable will be abated pro rata having regard to the extent to which the TENANT may not enjoy beneficial occupation of the Premises. Should the Premises be structurally destroyed or structurally damaged to such an extent as to render it unlivable, then this lease will immediately terminate. Furthermore, should any other portion or portions of surrounding buildings or land be so destroyed or damaged as to render it necessary in the Shopping Center including, but not limited tobona fide opinion of the LANDLORD for the whole of the Premises to be rebuilt, the rentsLANDLORD is entitled forthwith to cancel this lease simultaneously with the cancellation of all the other tenancies of the building, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencyif any. In no the event of the LANDLORD deciding to let the Premises upon its restoration, the TENANT shall Tenant have the right of first refusal to levy execution against any property of Landlord other than its right, title let the Premises at a rental to be agreed to between the LANDLORD and interest in the Shopping Center including, but not limited toTENANT. If the damage or destruction is caused by the TENANT or by anyone or thing allowed on the Premises by the TENANT, the rents, proceeds and profits derived therefrom. Upon any such uncured default lease will continue unless otherwise agreed by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersLANDLORD, and Tenant shall the TENANT will have to pay the full rental (even where the TENANT is not seek recourse against occupying the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesPremises).

Appears in 1 contract

Samples: Agreement of Lease

Landlord’s Liability. If Landlord defaults under this Agreement and ifThe term "Landlord" as used herein shall mean only the owner or owners. at the time in question, as of the fee title or a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and lessee's interest in a ground lease of the Shopping Center includingOffice Building Project and except as expressly provided in paragraph 15, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default transfer of such title or interest, Landlord herein named (and in case of any subsequent transfers then the grantor) shall be relieved from and after the date of such transfer of all liability as respects Landlord's obligations thereafter to be performed, provided that any funds in the hands of Landlord or the then grantor at the time of such transfer, in which Tenant has an interest, shall be delivered to the grantee. The obligations contained in this Lease to be performed by Landlord under this Agreementshall, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court subject as aforesaid, be binding on Landlord's successors and assigns, only during their respective periods of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remediesownership. Notwithstanding anything contained in this Agreement Lease to the contrary, the obligations of Landlord under this Agreement Lease (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members officers or shareholders of Landlord or Landlord’s 's partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members officers or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord's partners, or any of their personal assets for satisfaction of any liability with respect to this AgreementLease. Notwithstanding anything contained Landlord's total liability under this Lease shall be limited to Landlord's ownership interest in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesOffice Building Project.

Appears in 1 contract

Samples: Office Lease (Quespasa Com Inc)

Landlord’s Liability. If Landlord’s obligations hereunder shall be binding upon Landlord defaults under this Agreement only for the period of time that Landlord is in ownership of the Building, and ifupon termination of that ownership, Tenant, except as a consequence to any obligations that are then due and owing, shall look solely to Landlord’s successor-in-interest in ownership of such defaultthe Building for the satisfaction of each and every obligation of Landlord hereunder. Upon request and without charge, Tenant shall recover attorn to any successor to Landlord’s interest in this Lease. Landlord may transfer its interest in the Building without the consent of Tenant, and such transfer or subsequent transfer shall not be deemed a money judgment against violation on Landlord’s part of any of the terms of this Lease. Landlord shall have no personal liability under any of the terms, such judgment conditions, or covenants of this Lease. Tenant and Tenant Agents shall be satisfied against look solely to the right, title and interest equity of Landlord in the Shopping Center including, but not limited to, Building and/or the rents, rents and/or net proceeds and profits derived actually received therefrom as for the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any claim, remedy, or cause of action of any kind whatsoever arising from the relationship between the parties or any rights and obligations they may have relating to the Project, this Lease, or anything related to either, including without limitation as a result of the breach of any Section of this Lease by Landlord. In addition, no recourse shall be had for an obligation of Landlord hereunder, or for any claim based thereon or otherwise in respect thereof or the relationship between the parties, against any past, present, or future Landlord Indemnitee (other than Landlord), whether by virtue of any statute ​ ​ or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such other liability being expressly waived and released by Tenant with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Indemnitees (other than Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages).

Appears in 1 contract

Samples: Passage BIO, Inc.

Landlord’s Liability. If Landlord defaults shall be in default under this Agreement and ifRider and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against only out of the right, title title, and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom Property as the same may then be constituted encumbered and encumbered, and neither Landlord nor any person or entity comprising Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its right, title and interest in the Shopping Center includingProperty as herein expressly provided. In addition, but not limited to, no sum payable to Tenant as the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event result of any breach or default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder Rider shall be limited to deducted from or offset against any rent or other sums payable under the extent this Agreement otherwise expressly limits Tenant’s rights Lease, and no such beach or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of default by Landlord under this Agreement Rider shall be the subject of a defense or counterclaim in any action or proceeding brought by Landlord to enforce its rights under the Lease or excuse Tenant from the performance of any of its obligations under the Lease or relieve Tenant of any of its liabilities thereunder. FIRST AMENDMENT TO LEASE THIS FIRST AMENDMENT TO LEASE (including any actual or alleged breach or default by Landlordthis “Amendment”) do not constitute personal obligations is made as of the individual partners8th day of Oct., directors2010 (the “Effective Date”), officersby and between XX XXXXXXX-SALEM LLC, members or shareholders of Landlord or a Delaware limited liability company with offices at 000 Xxxx 00xx Xxxxxx, Xxxxx 0000, Xxx Xxxx, Xxx Xxxx 00000 (“Landlord’s partners”), and Tenant shall not seek recourse against the individual partnersBE AEROSPACE, directorsINC., officersa Delaware corporation having an office at 000 Xxxx Xxxxxx, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in LandlordXxxxx 0000, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contraryXxxxxxx-Xxxxx, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed Xxxxx Xxxxxxxx 00000 (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages“Tenant”).

Appears in 1 contract

Samples: Lease (Targacept Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Property and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer, and upon the transferee’s assumption of the same (as evidenced by a written agreement between Landlord and such transferee), Landlord shall automatically be released from all liability under this Lease arising after the date of the transfer; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Property, Tenant agrees to look solely to Landlord’s equity interest in the Property for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, trustee, beneficiary, officer, director, member, shareholder, employee or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directorstrustees or shareholders, officersbeneficiaries or members of Landlord, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against any of said persons or their assets. The provision contained in the individual partnersforegoing sentence is not intended to, directorsand shall not, officerslimit any right Tenant might otherwise have to obtain injunctive relief against Landlord or Landlord’s successors-in-interest, members or shareholders to take any action not involving the personal liability of Landlord (original or against successor) to respond in monetary damages from Landlord’s partners or any assets other persons or entities having any than Landlord’s interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages.Property

Appears in 1 contract

Samples: Nitromed Inc

Landlord’s Liability. If Landlord defaults shall be in default under this Agreement Lease if Landlord fails to perform any of its obligations hereunder without cure for a period of twenty (20) days after written notice thereof is provided to Landlord and ifto any holder of a mortgage or deed of trust covering the Premises; provided, as a consequence of such defaulthowever, Tenant shall recover a money judgment against Landlordthat if more than twenty (20) days are reasonably required to cure, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for deemed in default if Landlord commences such cure within the twenty (20) day period and thereafter diligently prosecutes such cure to completion. If Tenant claims that Landlord has breached any deficiencyobligation and failed to cure such breach within the time frames set forth herein, then Tenant shall give any holder of a mortgage or deed of trust covering the Premises notice specifying the breach and permit such holder of a mortgage or deed of trust covering the Premises a reasonable opportunity (not less than sixty (60) days) to cure the breach. In no event shall Tenant have the right to levy execution against any property terminate this Lease as a result of Landlord other than its right, title Landlord’s default and interest in the Shopping Center including, but not Tenant’s remedies shall be limited to, the rents, proceeds and profits derived therefromto damages and/or injunction. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in In the event of any default sale or other transfer of the Premises by Landlord, of which Landlord shall make a good faith effort to give notice to Tenant, Landlord shall be and is hereby entirely freed and relieved of all liability under any and all of its covenants and obligations contained in or derived from this Lease arising out of any act, occurrence or omission occurring after the consummation of such sale or transfer; and the purchaser or transferee, as of such sale, shall be deemed, without any further agreement between the parties or their successors in interest or between the parties and any such purchaser or transferee, to have assumed and agreed to carry out any and all of the covenants and obligations of the Landlord under this Agreement, except to Lease. It is specifically understood and agreed that the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court liability of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies Landlord hereunder shall be limited solely to the extent Shopping Center; that no partner of Landlord (whether a general partner or a limited partner), nor any officer, director, agent or employee of Landlord shall be personally liable with respect to any claim arising out of or related to this Agreement otherwise expressly limits Tenant’s rights or remediesLease. Notwithstanding anything contained set forth in this Agreement Lease to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, it is agreed that in no event shall Landlord or and/or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or of the other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever Landlord Parties be liable pursuant for any punitive and/or consequential damages relating in any way to the terms and conditions of this Agreement for lost profits or consequential, speculative or punitive damagesLease.

Appears in 1 contract

Samples: Lease Agreement (Old Line Bancshares Inc)

Landlord’s Liability. If Any agreement, obligation or liability made, entered into or incurred by or on behalf of Landlord defaults under binds only its property and no shareholder, partner, officer, agent or employee of the Landlord assumes or shall be held to any liability therefor. Tenant agrees that Landlord shall have no personal liability with respect to any of the provisions of this Agreement Lease and if, as a consequence of such default, Tenant shall recover look solely to the estate and property of Landlord in the land and buildings comprising the property of which the Premises forms a part for the satisfaction of Tenant's remedies, including, without limitation, the collection of any judgment or the enforcement of any other judicial process requiring the payment or expenditure of money by Landlord, subject, however, to the prior rights of any holder of any mortgage or deed of trust covering all or part of the property, and no other assets of Landlord shall be subject to levy, execution or other judicial process for the satisfaction of Tenant's claim and, in the event Tenant obtains a judgment against Landlord, such the judgment docket shall be satisfied so noted. Tenant shall not in any event be permitted to recover any speculative, indirect, consequential, incidental damages or punitive damages against Landlord. This Section shall inure to the rightbenefit of Landlord's successors and assigns and their respective principals. Notwithstanding any provision herein or in any future law or judicial holding to the contrary, title and interest in consideration of Landlord the Landlord's agreement to any provisions set forth in the Shopping Center including, but not limited to, Guaranty of this Lease which may limit the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not Guarantor's liability to an amount less than that for which Tenant would be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by a default, the maximum liability of the Landlord under this Agreement, except Lease is limited to and shall in no event ever exceed the extent offset rights are specifically provided to Tenant in this Agreement; (bmaximum amount for which the Guarantor(s) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction would be then liable under applicable law taking into account the nature provisions of the breach; Guaranty, and (c) Tenant’s rights and remedies hereunder any judgment against Landlord shall be expressly limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesforegoing amount.

Appears in 1 contract

Samples: Lease Agreement

Landlord’s Liability. If Landlord defaults under this Agreement and if, The term "Landlord" as used herein shall mean only the owner or owners at the time in question of the fee title or a consequence Tenant's interest in a ground lease of the Premises. In the event of any transfer of such defaulttitle or interest, Landlord herein named (and in case of any subsequent transfers then the grantor) shall be relieved from and after the date of such transfer of all liability as respects Landlord's obligations thereafter to be performed, provided that any funds in the hands of Landlord or the then grantor at the time of such transfer, in which Tenant has an interest, shall recover a money be delivered to the grantee. The obligations contained in this Lease to be performed by Landlord shall, subject as aforesaid, be binding on Landlord's successors and assigns only during their respective periods of ownership. Tenant agrees to look solely to Landlord's interest in the Premises and the proceeds thereof for the recovery of any judgment against from Landlord or the payment of any obligation, liability or claim under, arising out of or relating to this Lease, it being hereby agreed that except to the extent of Landlord's interest in the Premises and the proceeds thereof, Landlord, such judgment any assets of Landlord, or if Landlord is a partnership, its partners whether general or limited, or if Landlord is a corporation, Landlord, its directors, officers or shareholders, or if Landlord is a limited liability company, Landlord and its members shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not never be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its rightjudgments, title and interest in the Shopping Center includingclaims, but not limited toobligations or liabilities under, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlordarising out of, or any of their personal assets for satisfaction of any liability with respect relating to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesLease.

Appears in 1 contract

Samples: Intuit Inc

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and ifLease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, members, directors nor officers of Landlord, if Landlord is a consequence corporation, nor the partners comprising Landlord (nor any of the shareholders, members, directors or officers of such defaultpartners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Lease. Tenant shall recover a money judgment look solely to Landlord to enforce Landlord's obligations hereunder and shall not seek any damages against any of the Parties. The liability of Landlord for Landlord, such judgment 's obligations under this Lease shall not exceed and shall be satisfied against the right, title and interest of Landlord in the Shopping Center includinglimited to Tenant's actual direct, but not limited toconsequential, damages therefor and shall only be recoverable from Landlord's interest in the rents, proceeds Building and profits derived therefrom as the same may then be constituted Real Property and encumbered, and Landlord Tenant shall not be liable look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for any deficiencyLandlord's failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Agreement of Lease (Snap Interactive, Inc)

Landlord’s Liability. 13.401 TENANT'S RIGHTS IN RESPECT OF LANDLORD DEFAULT. Tenant is granted no contractual right of termination by this Lease, except to the extent and only to the extent set forth in Sections 5.4, 7.1, 8.2 and 12.2 above and Rider H-2 attached hereto. In the event that Landlord commits a default hereunder, Tenant may pursue any remedies available to Tenant at law or in equity; provided, however, Landlord's liability hereunder shall be limited as provided in Section 13.402 hereof. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such 18 19 judgment shall be satisfied against only out of the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom Property as the same may then be constituted and encumbered, encumbered and Landlord shall not be liable for any deficiency. If Landlord is found to be in default hereunder by reason of its failure to give a consent that it is required to give hereunder, Tenant's sole remedy will be an action for specific performance or injunction. The foregoing sentence shall in no event be construed as mandatorily requiring Landlord to give consents under this Lease. In no event shall Landlord be liable to Tenant for consequential or special damages by reason of a failure to perform (or a default) by Landlord hereunder or otherwise. In no event shall Tenant have the right to levy execution against any property of Landlord other than its interest in the Property as hereinbefore expressly provided. Notwithstanding the foregoing, however, Tenant shall also have the right to satisfy a judgment against Landlord out of (a) the proceeds collected by Landlord or which Landlord has the right to collect from any insurer with respect to damage or destruction of all or any part of the Project; (b) the proceeds of any sale of all or any part of Landlord's right, title and interest in all or any part of the Shopping Center including, but not limited to, Project; (c) the rents, proceeds and profits derived therefrom. Upon of any such uncured default by Landlord, Tenant may exercise any of its rights provided at law loan secured in whole or in equity; providedpart by the project or all or any part of Landlord's right, however: (a) Tenant shall have no right to offset title or xxxxx rent interest in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breachProject; and (cd) Tenant’s rights any and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default all rents collected by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against which Landlord has the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability right to collect with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord all or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagespart of the Project.

Appears in 1 contract

Samples: Lease Agreement (McAfee Associates Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Office Park and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's security deposit to Tenant or transfer Tenant's security deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Office Park, Tenant agrees to look solely to Landlord's equity interest in the Office Park for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord's failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, trustee, beneficiary, officer, director, member, employee or agent of Landlord shall be personally liable for the performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directorstrustees or beneficiaries or members of Landlord, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders any of Landlord or against Landlord’s partners or any other said persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Storagenetworks Inc

Landlord’s Liability. If Anything in this Lease to the contrary notwithstanding, covenants, undertakings and agreements herein made on the part of Landlord, are made and intended not for the purpose of binding Landlord defaults personally or the assets of Landlord but are made and intended to bind only Landlord's interest in the Premises and Building, as the same may, from time to time, be encumbered; no personal liability shall at any time be assumed by or asserted or enforceable against Landlord or any member, manager, officer, employee, agent, trustee, beneficiary, or individual partner of Landlord or of any member, manager, officer, employee, agent, trustee, beneficiary, or individual partner of Landlord, or any of their respective heirs, legal representatives, successors and assigns on account of this Lease or on account of any covenant, undertaking or agreement of Landlord in this Lease or any claim made against Landlord under this Agreement Lease; and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against agrees to look solely to the right, title and interest interests of Landlord in the Shopping Center includingPremises and the Building for the enforcement of any claims against Landlord arising hereunder. Any and all personal liability, but not limited toif any, beyond that which may be asserted under this Section 34 is hereby expressly waived and released by Tenant and by all persons claiming by, through, or under Tenant. In addition, in no event shall Landlord be in default of this Lease unless Tenant notifies Landlord of the rents, proceeds and profits derived therefrom as precise nature of the same may then be constituted and encumberedalleged breach by Landlord, and Landlord fails to cure such breach within fifteen (15) days after the date of Landlord's receipt of such notice or refusal of delivery (provided that if the alleged breach is of such a nature that it cannot reasonably be cured within such fifteen (15) day period, then Landlord shall not be liable for any deficiencyin default if Landlord commences a cure within such fifteen (15) day period and diligently thereafter prosecutes such cure to completion). In no event shall Tenant have the any right to levy execution against terminate this Lease by virtue of any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages.

Appears in 1 contract

Samples: Interliant Inc

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent landlord) of its interest in the Building or the Real Property, as the case may be, and in the event of any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such partners), if Landlord is a partnership (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Lease. Tenant shall look solely to Landlord to enforce Landlord's obligations hereunder and shall not seek any deficiencydamages against any of the Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and shall be limited to Landlord's interest in the Building and the Real Property and Tenant shall not look to or attach any other property or assets of Landlord or the property or assets of any of the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for Landlord's failure to perform such obligations. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturersventures, members, stockholders, stockholders or other principals or representativesrepresentatives and the like, disclosed or undisclosed (and their respective successors and assignsundisclosed, thereof) ever be liable pursuant to this Agreement for lost profits incidental or consequential, speculative or punitive consequential damages.

Appears in 1 contract

Samples: Execution Original (Thrupoint Inc)

Landlord’s Liability. If the Building shall be sold, leased or otherwise transferred, Landlord defaults shall be relieved of all future obligations and liabilities hereunder arising from and after the date of the transfer and the transferee shall be deemed to have assumed and agreed to perform all such obligations and liabilities of Landlord under this Agreement and if, as a consequence Lease. In the event of such defaultsale, Tenant lease or transfer, Landlord shall recover a money judgment against also be relieved of all existing obligations and liabilities hereunder provided that the transferee assumes in writing such obligations. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such judgment shall be satisfied against the rightpartners), title and interest if Landlord is a partnership, nor ally member of Landlord, if Landlord in the Shopping Center including, but not is a limited toliability company (collectively, the rents“Parties”), proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencythe performance of Landlord’s obligations under this Lease. In no event Tenant shall Tenant have the right look solely to levy execution Landlord to enforce Landlord’s obligations hereunder and shall not seek ally damages against any property of the Parties. The liability of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by for Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord ’s obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant Lease shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; not exceed and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersinterest in the Building and the Real Property (including, without limitation, any insurance, condemnation and sales or refinance proceeds thereof) and Tenant shall not seek recourse against the individual partners, directors, officers, members look to any other property or shareholders assets of Landlord or against the property or assets of any of the Parties in seeking either to enforce Landlord’s partners obligations under this Lease or any other persons or entities having any interest in to satisfy a judgment for Landlord, or any of their personal assets for satisfaction of ’s failure to perform such obligations. Neither Landlord nor Tenant shall have any liability with respect to for any consequential or punitive damages under this Agreement. Notwithstanding anything contained in this Agreement to the contraryLease, in no event shall Landlord or any Landlordexcept for Tenant’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable liability pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesSubsection 19B hereof.

Appears in 1 contract

Samples: Agreement of Lease (Compass, Inc.)

Landlord’s Liability. If Landlord defaults under The term “Landlord,” as used in this Agreement and ifLease, as a consequence shall mean only the owner or owners, at the time in question, of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, fee title and interest of Landlord in to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Building. Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than transfer and assign, in whole or in part, all its right, title rights and interest obligations under this Lease and in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefromProperty. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in In the event of any default by transfer, Landlord under as named in this AgreementLease (and in the case of any subsequent transfers, except then the grantor) shall be relieved from and after the date of such transfer of all liability in respect of Landlord’s obligations thereafter to be performed. Any funds in the hands of Landlord or the then grantor at the time of such transfer, in which Tenant has a n interest, shall be delivered to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remediesgrantee. Notwithstanding anything The obligations contained in this Agreement Lease to be performed by Landlord shall, subject to the contraryabove, the be binding on Landlord’s successors and assigns, only during their respective periods of ownership. The obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of Landlord or the individual partners, shareholders, members, managers, directors, officers, members or shareholders of Landlord or and property managers. Tenant shall look solely to Landlord’s partnersthen existing interest in the Property, and Tenant shall to no other assets of Landlord, for satisfaction of any liability in respect of this Lease, and will not seek recourse against the individual partners, shareholders, members, managers, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlordproperty managers, or any of their personal assets for such satisfaction. No other properties or assets of Landlord shall be subject to levy, execution, or other enforcement procedures for the satisfaction of any liability judgment (or other judicial process) or for the satisfaction of any other remedy of Tenant arising out of or in connection with respect to this Agreement. Notwithstanding anything contained in this Agreement to Lease, the contrary, in no event shall relationship of Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholdersand Tenant, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever Tenant’s use of the Premises. Landlord shall under no circumstances be liable pursuant for injury to this Agreement Tenant’s business or for lost profits any loss of income, incidental or consequentialconsequential damages, speculative or profit therefrom or for punitive damages, all of which are expressly waived by Tenant.

Appears in 1 contract

Samples: Lease Agreement (Diversified Health & Fitness Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Premises and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer. Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Premises, Tenant agrees to look solely to Landlord’s equity interest in the Premises (and any proceeds from the sale thereof) for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partnerspartners of Landlord, directors, officers, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Source Photonics Inc

Landlord’s Liability. If Anything in this Lease to the contrary notwithstanding, it is agreed that Landlord defaults shall not be personally liable under this Agreement in any way whatsoever to Tenant, and ifTenant shall be entitled to make claim for any liability it is alleged to have suffered, as only against Xxxxxxxx’s interest in the Property. Furthermore, if Landlord, or any successor in interest of Landlord, shall be a consequence mortgagee in possession, or an individual, joint venture, trust, tenancy in common, corporation or partnership, general or limited, it is specifically understood and agreed that there shall be absolutely no personal liability on the part of such defaultmortgagee in possession, or such individual or on the part of the stockholders of such corporation or the members of such partnership or joint venture or the beneficiaries of such trust with respect to any of the terms, covenants and conditions of this Lease, and Tenant shall recover a money judgment against look solely to the equity of Landlord, or of such judgment shall be satisfied against successor in interest, in the right, title and interest estate of Landlord in the Shopping Center including, but not limited to, Property for the rents, proceeds satisfaction of each and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall every remedy of Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default breach by Landlord under this AgreementLandlord, except to the extent offset rights are specifically provided to Tenant or by such successor in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court interest, of competent jurisdiction under applicable law taking into account the nature any of the breach; terms, covenants and (c) Tenant’s rights and remedies hereunder shall conditions of this Lease to be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default performed by Landlord) do not constitute , such exculpation of personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having liability (beyond any interest in the Property) to be absolute and without any exception whatsoever but which shall not limit action by Tenant for specific performance or injunction or other remedies not seeking a money judgment. Nothing in this paragraph shall prevent Tenant from seeking a judgment from Landlord (or from any successor of Landlord) where such judgment may be recovered from insurance carried by Xxxxxxxx, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesby such successor.

Appears in 1 contract

Samples: Triple Net Lease

Landlord’s Liability. If No Landlord defaults under this Agreement shall be liable for any obligation or liability based on or arising out of any event or condition occurring during the period that such Landlord was not the owner of the Building or a landlord’s interest therein. Upon request and if, as a consequence of such defaultwithout charge, Tenant shall recover attorn to any successor to Landxxxx’x xnterest in this Lease provided such transferee assumes the obligations of Landlord hereunder that arise from and after the date of the transfer. Landlord may transfer its interest in the Building without the consent of Tenant, and such transfer or subsequent transfer shall not be deemed a money judgment against violation on Landlord’s part of any of the terms of this Lease. Upon any sale of the Building, such judgment Landlord shall be satisfied against relieved of all responsibility for the rightPremises and shall be released from any liability thereafter accruing under this Lease provided such transferee assumes the obligations of Landlord hereunder that arise from and after the date of the transfer. No officer, title director, member, or employee of Landlord shall have any personal liability under any of the terms, conditions, or covenants of this Lease. Tenant and interest Tenant Agents shall look solely to the equity of Landlord in the Shopping Center includingBuilding and/or the net sales, but not limited to, insurance and/or condemnation proceeds actually received therefrom for the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any claim, remedy, or cause of action of any kind whatsoever arising from the relationship between the parties or any rights and obligations they may have relating to the Project, this Lease, or anything related to either, including without limitation as a result of the breach of any Section of this Lease by Landlord. In addition, no recourse shall be had for an obligation of Landlord hereunder, or for any claim based thereon or otherwise in respect thereof or the relationship between the parties, against any past, present, or future Landlord Indemnitee (other than Landlord), whether by virtue of any statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such other liability being expressly waived and released by Tenant with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Indemnitees (other than Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages).

Appears in 1 contract

Samples: BlackSky Technology Inc.

Landlord’s Liability. If Landlord defaults under this Agreement and if, The term "Landlord" as a consequence used herein shall mean the owner or owners at the time in question of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, fee title and interest of Landlord in to the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiencyPremises. In no the event shall Tenant have the right to levy execution against any property of Landlord other than its right, a transfer of Landlord's title and or interest in the Shopping Center includingPremises or in this Lease, but not limited toLandlord shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Landlord at the time of such transfer or assignment. Except as provided in Paragraph 15.3, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the rents, proceeds and profits derived therefrom. Upon any such uncured default prior Landlord shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by Landlord. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Landlord shall be binding only upon the Landlord as herein above defined. Notwithstanding any other terms or provisions of this lease, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of any default or breach by Landlord under with respect to any of the terms of the Lease to be observed and performed by Landlord (a) Tenant shall look solely to the estate and property (which is the subject of this Agreementlease) of Landlord or any successor in interest in the property and the Industrial Center, for the satisfaction of Tenant's remedies for the collection of a judgment (or other judicial process) requiring the payment of money by Landlord; (b) with the exception of the Industrial Center, no other property or assets of Landlord, its partners, shareholders, officers or any successor in interest shall be subject to levy, execution or other enforcement procedure for the satisfaction if Tenant's remedies;(c) no personal liability shall at any time be asserted or enforceable against Landlord, it's partner's or successors in interest (except to the extent offset rights are specifically provided to Tenant permitted in (a) above), and no judgment will be taken against any partner, shareholder, officer or director of Landlord. The provisions of this Agreement; (b) Tenant section shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited apply only to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Landlord and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partnersparties herein described, and Tenant shall not seek recourse against be for the individual partners, directors, officers, members or shareholders benefit of Landlord or against Landlord’s partners or any insurer nor any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesthird party.

Appears in 1 contract

Samples: Wavesplitter Technologies Inc

Landlord’s Liability. If The obligations of Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord Lease shall not be liable for binding upon Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon any deficiency. In no event shall Tenant have subsequent landlord after the right to levy execution against any property sale, conveyance, assignment or transfer by such subsequent landlord) of Landlord other than its right, title and interest in the Shopping Center includingBuilding or the Real Property, but not limited toas the case may be, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, and it shall be deemed and construed without further agreement between the parties or their successors in interest, or between the parties and the purchaser, grantee, assignee or other transferee that such purchaser, grantee, assignee or other transferee has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder. Neither the shareholders, directors or officers of Landlord, if Landlord is a corporation, nor the partners comprising Landlord (nor any of the shareholders, directors or officers of such partners), if Landlord is a partnership, nor any member of Landlord, if Landlord is a limited liability company (collectively, the "Parties"), shall be liable for the performance of Landlord's obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Lease. Tenant shall have no right look solely to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature Landlord to enforce Landlord's obligations hereunder and shall not seek any damages against any of the breach; Parties. The liability of Landlord for Landlord's obligations under this Lease shall not exceed and (c) Tenant’s rights and remedies hereunder shall be limited to Landlord's interest in the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to Building and the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, Real Property and Tenant shall not seek recourse against the individual partners, directors, officers, members look to any other property or shareholders assets of Landlord or against Landlord’s partners the property or any other persons or entities having any interest in Landlord, or assets of any of their personal assets the Parties in seeking either to enforce Landlord's obligations under this Lease or to satisfy a judgment for satisfaction of any liability with respect Landlord's failure to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesperform such obligations.

Appears in 1 contract

Samples: Bridgeline Software, Inc.

Landlord’s Liability. If Landlord defaults hereby notifies Tenant, and Tenant hereby acknowledges that, prior to the leasing of the Premises pursuant to this Lease, Tenant has been notified, pursuant to California Health and Safety Code Section 25359.7 (or any successor statue), that Landlord knows, or has reasonable cause to believe, that certain hazardous substances (as such term is used in such Section 25359.7), such as common cleaning supplies, office supplies, spillage of petroleum products from motor vehicles, and other consumer products, may have come (and may in the future come) to be located on or beneath the Premises and/or the Project. Landlord and Tenant acknowledge that Landlord may become legally liable for the costs of complying with environmental laws that relate to Hazardous Material which are not the responsibility of Landlord or the responsibility of Tenant, including the following: (i) Hazardous Material present in the soil or ground water on the Project of which Landlord has no knowledge as of the effective date of this Lease; (ii) a change in environmental laws which relate to Hazardous Material which make that Hazardous Material which is present on the Project as of the effective date of this Lease, whether known or unknown to Landlord, a violation of such new environmental laws; (iii) Hazardous Material that migrates, flows, percolates, diffuses, or in any way moves on to, or under, the Project after the effective date of this Lease; or (iv) Hazardous Material present on or under this Agreement and if, the Project as a consequence result of any discharge, dumping or spilling (whether accidental or otherwise) on the Project by other lessees of the Project or their agents, employees, contractors, or invitees, or by others. Accordingly, Landlord and Tenant agree that the cost of complying with environmental laws relating to Hazardous Material on the Project for which Landlord is legally liable and which are paid or incurred by Landlord shall be an Operating Expense (and Tenant shall pay Tenant’s Share thereof in accordance with Paragraph 7.3) unless the cost of such defaultcompliance as between Landlord and Tenant is made the responsibility of Tenant pursuant to Paragraph 38.2, below. To the extent any such Operating Expense relating to Hazardous Material is subsequently recovered or reimbursed through insurance, or recovery from responsible third parties or other action, Tenant shall recover be entitled to a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except proportionate reimbursement to the extent offset rights are specifically provided it has paid its share of such Operating Expense to which such recovery or reimbursement relates. Landlord _______________ Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages.______________

Appears in 1 contract

Samples: Gross Office Lease (BeautyKind Holdings, Inc.)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Property and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability arising under this Lease after the effective date of such transfer; and Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its security deposit. Subject to the tights of any default lender holding a mortgage or deed of trust encumbering all or part of the Property, Tenant agrees to look solely to Landlord’s equity interest in the Property for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord’s failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, trustee, beneficiary, officer, director, member, shareholder, employee or agent of Landlord shall be personally liable for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directorstrustees or shareholders, officersbeneficiaries or members of Landlord, members or shareholders of Landlord or Landlord’s partnersif any, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders any of Landlord or against Landlord’s partners or any other said persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Work Letter Agreement (Oxigene Inc)

Landlord’s Liability. If Landlord defaults under this Agreement and if, as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied against the right, title and interest of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and acknowledges that Landlord shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution against transfer all or any property portion of Landlord other than its right, title and interest in the Shopping Center including, but not limited to, Project and to assign this Lease to the rents, proceeds and profits derived therefromtransferee. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent agrees that in the event of such a transfer Landlord shall automatically be released from all liability under this Lease from and after such transfer; and Tenant hereby agrees to look solely to Landlord's transferee for the performance of Landlord's obligations hereunder after the date of the transfer. Upon such a transfer, Landlord shall, at its option, return Tenant's Security Deposit to Tenant or transfer Tenant's Security Deposit to Landlord's transferee and, in either event, Landlord shall have no further liability to Tenant for the return of its Security Deposit. Subject to the rights of any default lender holding a mortgage or deed of trust encumbering all or part of the Project, Tenant agrees to look solely to Landlord's equity interest in the Project (including insurance proceeds and condemnation awards) for the collection of any judgment requiring the payment of money by Landlord arising out of (a) Landlord's failure to perform its obligations under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; Lease or (b) Tenant shall have no right to terminate this Agreement unless determined by a court the negligence or willful misconduct of competent jurisdiction under applicable law taking into account the nature Landlord, its partners, employees and agents. No other property or assets of the breach; and (c) Tenant’s rights and remedies hereunder Landlord shall be limited subject to levy, execution or other enforcement procedure for the extent satisfaction of any judgment or writ obtained by Tenant against Landlord. No partner, employee or agent of Landlord shall be personally liable for the performance of Landlord's obligations hereunder or be named as a party in any lawsuit arising out of or related to, directly or indirectly, this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, Lease and the obligations of Landlord hereunder. The obligations under this Agreement (including any actual or alleged breach or default by Landlord) Lease do not constitute personal obligations of the individual partners, directors, officers, members or shareholders partners of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders partners of Landlord or against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damagesassets.

Appears in 1 contract

Samples: Lease (Rexahn Pharmaceuticals, Inc.)

Landlord’s Liability. Tenant acknowledges that Landlord has the right to sell and transfer all or any portion of its interest in the Project and to assign this Lease to the transferee. The term “Landlord” as used in this Lease shall be limited to and mean and include only the owner(s) at the time in question of the fee simple ownership of the Project or any part thereof and Tenant agrees that in the event of such a transfer Landlord shall automatically be released from all future liability for obligations thereafter accruing under this Lease provided the assignee assumes all such obligations in writing. Tenant hereby agrees to look solely to Landlord’s transferee for the performance of Landlord’s future obligations hereunder after the date of the transfer. If Landlord defaults under this Agreement and if, as a consequence of such default, is ordered to pay Tenant shall recover a money judgment against because of Landlord’s default under this Lease or otherwise, then Tenant agrees to look solely to (a) Landlord’s equity interest in the Project, (b) all rent and other income accruing from the Project, and (c) the proceeds of the sale or disposition of all or any portion of Landlord’s interest in the Project for the collection of any such judgment requiring the payment of money. No officer, director, stockholder, partner, member, employee, or agent of Landlord shall be satisfied against personally liable for the rightperformance of Landlord’s obligations hereunder or be named as a party in any lawsuit arising out of or related to, title directly or indirectly, this Lease and interest the obligations of Landlord in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom as the same may then be constituted and encumbered, and Landlord hereunder. Tenant shall not be liable for any deficiency. In no event shall Tenant have the right to levy execution offset against Rent any property of Landlord other than its right, title final and interest in the Shopping Center including, but not limited to, the rents, proceeds and profits derived therefrom. Upon any such uncured default by Landlord, Tenant may exercise any of its rights provided at law or in equity; provided, however: (a) Tenant shall have no right to offset or xxxxx rent in the event of any default by Landlord under this Agreement, except to the extent offset rights are specifically provided to Tenant in this Agreement; (b) Tenant shall have no right to terminate this Agreement unless determined by a court of competent jurisdiction under applicable law taking into account the nature of the breach; and (c) Tenant’s rights and remedies hereunder shall be limited to the extent this Agreement otherwise expressly limits Tenant’s rights or remedies. Notwithstanding anything contained in this Agreement to the contrary, the obligations of Landlord under this Agreement (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners, directors, officers, members or shareholders of Landlord or Landlord’s partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or unappealable money judgment obtained against Landlord’s partners or any other persons or entities having any interest in Landlord, or any of their personal assets for satisfaction of any liability with respect to this Agreement. Notwithstanding anything contained in this Agreement to the contrary, in no event shall Landlord or any Landlord’s officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, or other principals or representatives, disclosed or undisclosed (and their respective successors and assigns) ever be liable pursuant to this Agreement for lost profits or consequential, speculative or punitive damages.

Appears in 1 contract

Samples: Lease Agreement (PTC Therapeutics, Inc.)

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