Landlord’s Limited Liability. Tenant will to look solely to Landlord's interest in the Premises for recovering any judgment or collecting any obligation from Landlord or any other Landlord Party. Tenant agrees that neither Landlord nor any other Landlord Party will be personally liable for any judgment or deficiency decree. In no event is Landlord Party liable to Tenant or any other person for consequential, indirect, special or punitive damages.
Landlord’s Limited Liability. Tenant shall look solely to Landlord’s interest in the Premises and the rents and profits therefrom for recovering any judgment or collecting any obligation from Landlord or any other Landlord Party with respect to any breach of this Lease.
Landlord’s Limited Liability. Tenant agrees to look solely to Landlord's interest in the Premises and any income derived directly therefrom for recovery of any judgment from Landlord, it being agreed that Landlord (and if Landlord is a partnership, its partners, whether general or limited, and if Landlord is a corporation, its directors, officers or shareholders) shall never be personally liable for any personal judgment or deficiency decree or judgment against it.
Landlord’s Limited Liability. Tenant agrees to look solely to Xxxxxxxx's interest in the Demised Premises (including, without limitation, the rents, issues and profits derived directly therefrom) for recovery of any judgment from Landlord, it being agreed that Landlord and its members or managers shall never be personally liable for any personal judgment or deficiency decree or judgment against it, provided, however, that the foregoing shall not preclude Tenant's rights to seek the equitable remedy of specific performance against Landlord.
Landlord’s Limited Liability. Tenant acknowledges that Landlord shall have the right to transfer all or any portion of its interest in the Project and to assign this Lease to the transferee. Tenant agrees that in the event of such a transfer (and assignment of this Lease to the transferee), 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 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 Lease or (b) the negligence or willful misconduct of Landlord, its partners, employees and agents. 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 Lease and the obligations of Landlord hereunder. The obligations under this Lease do not constitute personal obligations of the individual partners of Landlord, if any, and Tenant shall not seek recourse against the individual partners of Landlord or their assets.
Landlord’s Limited Liability. Tenant agrees to look solely to Landlord's interest in the Demised Premises and the proceeds thereof for recovery of any judgment from Landlord, it being agreed that Landlord (and if Landlord is a partnership, its partners, whether general or limited, and if Landlord is a corporation, its directors, officers or shareholders) shall never be personally liable for any personal judgment or deficiency decree or judgment against it.
Landlord’s Limited Liability. Notwithstanding anything to the contrary contained in this Lease, it is specifically understood and agreed that the liability of Landlord hereunder shall be limited to the equity of Landlord in the Property in the event of a breach or the failure of Landlord to perform any of the terms, covenants, conditions and agreements of this Lease to be performed by Landlord. In furtherance of the foregoing, Tenant hereby agrees that any judgment it may obtain against Landlord as a result of the breach of this Lease as aforesaid shall be enforceable solely against Landlord's interest in the Property.
Landlord’s Limited Liability. Notwithstanding any provision in this Lease to the contrary, all obligations, covenants and agreements made by the Landlord are intended to personally bind the Landlord of the Landlord’s assets, except for the Landlord’s interest in the property of which the leased premises are a part, but, rather, are made and intended for the purpose of binding only the Landlord’s interest in the property of which the leased premises are a part. Redress for any claims against the Landlord under this Lease shall only be made against the Landlord to the extent of the Landlord’s interest in the property of which the leased premises are a part. No personal liability or personal responsibility is assumed by, nor shall at any time be asserted or enforceable against, the Landlord, its partners, its board of directors and officers, as the case may be, or any shareholders, employees, agents, heirs, legal representatives, successors and assigns on account of this Lease, or on account of any covenants, undertakings or agreements with the Landlord contained in this Lease.
Landlord’s Limited Liability. Tenant agrees to look solely to Landlord’s interest in this Lease Agreement, the Demised Premises, and all profits, rents and sales proceeds arising therefrom for recovery of any monetary judgment from Landlord, it being agreed that Landlord, so long as it owns the Demised Premises (and if Landlord is a partnership, its partners, whether general or limited, and if Landlord is a corporation, its directors, officers or shareholders), shall not be personally liable for any monetary judgment or deficiency decree or judgment against Landlord. Notwithstanding the foregoing, Landlord shall be personally liable for the full and timely performance of its obligations under this Lease Agreement from the Effective Date until Substantial Completion, and after the date of Substantial Completion, Landlord shall be personally liable for the payment of any funds in Landlord’s control or possession to which Tenant has express rights under this Lease Agreement or which are required to be expended for Tenant’s benefit, including without limitation, insurance proceeds, condemnation awards, and overpayment of Operating Expenses.
Landlord’s Limited Liability. Anything contained in this Lease to the contrary notwithstanding, but subject to the terms of this Section 16.28, from and after the Final Completion of the Building (as defined in the Work Agreement), Tenant agrees that Tenant shall look solely to the estate and property of Landlord in the Premises or the proceeds from the sale, transfer, foreclosure, refinance or conversion thereof, and insurance and condemnation proceeds for the collection of any judgment or other judicial process requiring the payment of money by Landlord for any default or breach by Landlord under this Lease, subject, however, to the prior rights of any mortgagee or Landlord of the Premises. No other assets of Landlord or any partners, shareholders, or other principals of Landlord shall be subject to levy, execution or other judicial process for the satisfaction of Tenant's claim. In the event Tenant obtains a final, non-appealable judgment against Landlord, but the estate and property of Landlord in the Premises are not sufficient to satisfy the judgment, then Tenant may, at its option, offset the judgment against Rent coming due under the Lease and, if the judgment remains unsatisfied as of the end of the term, extend the term and continue to offset its Rent obligations.
