Common use of LIABILITY OF Clause in Contracts

LIABILITY OF. OWNER No owner of the property of which the leased premises are a part shall be liable hereunder except for breaches of the LESSOR’s obligation occurring during the period of such ownership. The obligations of the LESSOR shall be binding upon the LESSOR’s interest in said property, but not upon other assets of the LESSOR, and no individual partner, agent, trustee, stockholder, officer, director, employee or beneficiary of the LESSOR shall be personally liable for performance of the LESSOR’s obligation hereunder.

Appears in 2 contracts

Samples: LiveWire Mobile, Inc., LiveWire Mobile, Inc.

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LIABILITY OF. OWNER No owner of the property of which the leased premises are a part shall be liable hereunder except for or breaches of the LESSOR’s obligation obligations occurring during the period of such ownership. The obligations of the LESSOR shall be binding upon the LESSOR’s interest in said property, but not upon other assets of the LESSOR, and no individual partner, agent, trustee, stockholder, officer, director, employee or beneficiary of the LESSOR shall be personally liable for performance of the LESSOR’s obligation obligations hereunder.

Appears in 1 contract

Samples: Theragenics Corp

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LIABILITY OF. OWNER No owner of the property of which the leased premises are a part shall be liable hereunder except for breaches of the LESSOR’s obligation 's obligations occurring during the period of such ownership. The obligations of the LESSOR shall be binding upon the LESSOR’s 's interest in said property, but not upon other assets of the LESSOR, and no individual partner, agent, trustee, stockholder, officer, director, employee or beneficiary of the LESSOR shall be personally liable for performance of the LESSOR’s obligation 's obligations hereunder.

Appears in 1 contract

Samples: Form Commercial Lease (Northsight Capital, Inc.)

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