Liability Limited to Landlord's Estate. Notwithstanding any provision to the contrary, Tenant shall look solely to the estate and property of Landlord in and to the Building (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 Leased 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 Leased Premises, shall be limited to such estate and property of Landlord (or sale, insurance or condemnation proceeds in connection therewith). 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 Leased 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.
Appears in 2 contracts
Samples: Icf Kaiser International Inc, Icf Kaiser International Inc
Liability Limited to Landlord's Estate. Notwithstanding any provision to the contrary, Tenant shall look solely to the estate and property of Landlord in and to the Building (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 ’s use of the Leased 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 ’s use of the Leased Premises, shall be limited to such estate and property of Landlord (or sale, insurance or condemnation proceeds in connection therewith). 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 ’s use of the Leased 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 ’s attorneys.
Appears in 1 contract
Liability Limited to Landlord's Estate. Notwithstanding any provision to the contrary, Tenant shall look solely to the estate and property of Landlord in and to the Building (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 Leased Premises, and Tenant agrees that (i) the liability of Landlord arising out and Landlord's Partners for the satisfaction of or in connection with this Lease, the relationship of Landlord and Tenant or Tenant's use of the Leased Premises, any Claim shall be limited to such estate and property of Landlord Landlord's Estate, (or sale, insurance or condemnation proceeds in connection therewith). No ii) no other properties or assets of Landlord, Landlord's Partners or the officers, directors, agents or employees of Landlord or any of Landlord's Partners shall be subject to levy, execution or other enforcement procedures for the satisfaction of any Claim or 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 Leased Premisesbased on a Claim, and (iii) if Tenant shall acquire a lien on or interest in any other properties or assets of Landlord, any of Landlord's Partners or any of the officers, directors, agents or employees of Landlord or any of Landlord's Partners 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. For purposes of this subsection, (x) the terms "Landlord's Estate" shall mean the estate and property of Landlord in and to the Building and the Land (and, if Tenant makes a claim against Landlord within six months after a sale of the Land or the Building, or both, but not otherwise, the proceeds received by Landlord from a sale of such estate and property, but not the proceeds of any financing or refinancing thereof), (y) the term "Claim" shall mean any claim which Tenant may have against Landlord arising out of or in connection with this Lease, the relationship of landlord and tenant or Tenant's use of the Leased Premises, and (z) the term "Landlord's Partners" shall mean, in the case of a Landlord which is a partnership, the Persons who are partners in such partnership.
Appears in 1 contract
