Common use of LESSOR'S LIABILITY Clause in Contracts

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the right, title and interest of Lessor in the building as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building as herein expressly provided.

Appears in 11 contracts

Samples: Commercial Lease (Mathstar Inc), Standard Commercial Lease (Microtune Inc), Commercial Lease (Intelect Communications Systems LTD)

AutoNDA by SimpleDocs

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the right, title title, and interest of Lessor in the building Property as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building Property as herein expressly provided.

Appears in 4 contracts

Samples: Office Lease (Vista Energy Resources Inc), Office Lease Agreement (Titan Exploration Inc), Office Lease (Amen Properties Inc)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the right, title and interest of Lessor in the building Building as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor Lessor, other than its Lessor's interest in the building Building as herein expressly provided.

Appears in 2 contracts

Samples: Standard Commercial Lease (New Era of Networks Inc), Commercial Lease (New Era of Networks Inc)

LESSOR'S LIABILITY. If It Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, Lessor such judgment shall be satisfied only out of the right, title and interest of Lessor in the building as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building as herein expressly provided.

Appears in 1 contract

Samples: Standard Commercial Lease (Industrial Data Systems Corp)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment judgement against Lessor, such judgment judgement shall be satisfied only out of the right, title and interest of Lessor in the building as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any the property of Lessor nor any person or entity comprising Lessor other than its interest in the building as herein expressly provided.

Appears in 1 contract

Samples: Lease Agreement (Community Financial Group Inc)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, Lessor such judgment shall be satisfied only out of the right, title and interest of Lessor in the building as the same may then them be encumbered and neither Lessor nor not any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against agents any property of Lessor nor any person or entity comprising Lessor other than its interest in the building as herein expressly provided.

Appears in 1 contract

Samples: Commercial Lease Agreement (Electric Fuel Corp)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the right, title and interest of Lessor in the building Building as the same may then be encumbered and identifiable rents, profits and proceeds therefrom and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person property or entity comprising Lessor other than its interest in the building Building as herein expressly provided.

Appears in 1 contract

Samples: Office Lease Agreement (Alliance Data Systems Corp)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the right, title and interest of Lessor in the building as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building buildings as herein expressly provided.

Appears in 1 contract

Samples: Commercial Lease (Learningstar Inc)

AutoNDA by SimpleDocs

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the rightright title, title and interest of Lessor in the building Property as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building Property as herein expressly provided.

Appears in 1 contract

Samples: Lease Agreement (Diamondback Energy, Inc.)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment judgement against Lessor, such judgment shall be satisfied only out of the right, title and interest of Lessor in the building as the same may then be encumbered and neither Lessor nor not any person or entity comprising that comprises Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building as herein expressly provided.

Appears in 1 contract

Samples: Standard Office Showroom/Warehouse Commercial Lease (Bollinger Industries Inc)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, Lessor such judgment shall be satisfied only out of the right, title and interest of Lessor in the building as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building as herein expressly provided.

Appears in 1 contract

Samples: Commercial Lease Agreement (Hathaway Corp)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the right, title and interest of Lessor in the building Building and the Land as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building Building and Land as herein expressly provided.

Appears in 1 contract

Samples: Lease Agreement (Radiant Systems Inc)

LESSOR'S LIABILITY. If Lessor shall be in default under this Lease and, if as a consequence of such default, Lessee shall recover a money judgment against Lessor, such judgment shall be satisfied only out of the right, title and interest of Lessor in the building as the same may then be encumbered and neither Lessor nor any person or entity comprising Lessor shall be liable for any deficiency. In no event shall Lessee have the right to levy execution against any property of Lessor nor any person or entity comprising Lessor other than its interest in the building as herein expressly provided.any

Appears in 1 contract

Samples: Standard Commercial Lease (Spacehab Inc \Wa\)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!