Common use of LIMITATION OF CONTRACTING PARTY’S LIABILITY Clause in Contracts

LIMITATION OF CONTRACTING PARTY’S LIABILITY. Vendor agrees that Vendor shall look solely to Contracting Party’s interest in and to the City property, including, without limitation, any management fee, if applicable, subject to prior rights of any mortgagee or ground lessee of the City property, for collection of any judgment (or other judicial process) requiring payment of money by Contracting Party in the event of default or breach by Contracting Party of any of the covenants, terms or conditions of this Contract to be observed or performed by Contracting Party, and that no other assets of Contracting Party shall be subject to levy, execution or other process for satisfaction of Vendor’s remedies. Vendor shall not be liable to the mortgage or ground lessee for any claims under this contract.

LIMITATION OF CONTRACTING PARTY’S LIABILITY. Vendor agrees that Vendor shall look solely to Contracting Party’s 's interest in and to the City property, including, without limitation, any management fee, if applicable, subject to prior rights of any mortgagee or ground lessee of the City property, for collection of any judgment (or other judicial process) requiring payment of money by Contracting Party in the event of default or breach by Contracting Party of any of the covenants, terms or conditions of this Contract to be observed or performed by Contracting Party, and that no other assets of Contracting Party shall be subject to levy, execution or other process for satisfaction of Vendor’s 's remedies. Vendor shall not be liable to the mortgage or ground lessee for any claims under this contract.