Common use of Liability of Mortgagee Clause in Contracts

Liability of Mortgagee. No mortgagee, or its nominee, shall become liable under the provisions of this Lease unless and until such time as it becomes, and then only for so long as it remains, the owner of the Landlord’s interest in this Lease, and such liability shall be limited solely to such mortgagee’s or nominee’s interest in the Property.

Liability of Mortgagee. No mortgagee, or its nominee, shall become liable under the provisions of this Lease unless and until such time as it becomes, and then only for so long as it remains, the owner of the Landlord’s 's interest in this Lease, and such liability shall be limited solely to such mortgagee’s 's or nominee’s 's interest in the Propertythis Lease.

Liability of Mortgagee. No mortgagee, or its nominee, shall become liable under the provisions of this Lease unless and until such time as it becomes, and then only for so long as it remains, the owner of the Landlord’s 's interest in this Lease, and such liability shall be limited solely to such mortgagee’s 's or nominee’s 's interest in the Property.