Common use of Landlord’s Limited Liability Clause in Contracts

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.

Appears in 1 contract

Samples: Commencement Agreement (Alydaar Software Corp /Nc/)

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Landlord’s Limited Liability. Notwithstanding anything any other provision in this Lease to the contrary contained in this Leasecontrary, 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 by Landlord to perform any of the terms, covenants, conditions and or agreements of this Lease to be performed by Landlord. In furtherance of the foregoing, and Tenant hereby agrees that any judgment it may obtain against Landlord Landlord, or Landlord’s general partners, if any, as a result of the breach of this Lease as aforesaid aforesaid, shall be enforceable solely against the Landlord's ’s equity interest in the Property.

Appears in 1 contract

Samples: Lease Agreement (BeautyKind Holdings, Inc.)

Landlord’s Limited Liability. Notwithstanding anything any other provision in this Lease to the contrary contained in this Leasecontrary, it is specifically understood and agreed that the liability of Landlord hereunder shall be limited to the equity of Landlord in In the Property in In the event of a breach or the failure of by Landlord to perform any of the terms, covenants, conditions and or agreements of this Lease to be performed by Landlord. In furtherance of the foregoing, and Tenant hereby agrees that any judgment it may obtain against Landlord Landlord, or Landlord’s general partners, if any, as a result of the breach of this Lease as aforesaid aforesaid, shall be enforceable solely against the Landlord's ’s equity interest in the Property.

Appears in 1 contract

Samples: Genetic Technologies LTD

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Landlord’s Limited Liability. Notwithstanding anything any other provision in this Lease to the contrary contained in this Leasecontrary, 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 by Landlord to perform any of the terms, covenants, conditions and or agreements of this Lease to be performed by Landlord. In furtherance of the foregoing, and Tenant hereby agrees that any judgment it may obtain against Landlord Landlord, or Landlord's general partners, if any, as a result of the breach of this Lease as aforesaid aforesaid, shall be enforceable solely against the Landlord's equity interest in the Property.

Appears in 1 contract

Samples: Youcentric Inc

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