Common use of Limitation of Lessor's Liability Clause in Contracts

Limitation of Lessor's Liability. Section 24.1. The term "Lessor" as used in this Lease shall be limited to mean and include only the owner or owners of the Lessor's interest in this Lease at the time in question, and in the event of any transfer or transfers of such interest, the Lessor herein named (and in case of any subsequent transfer, the then transferor) shall be automatically freed and relieved from and after the date of such transfer of all personal liability as respects the performance of any covenants or agreements on the part of the Lessor contained in this Lease thereafter to be performed, provided that any funds in the hands of such Lessor or the then transferor at the time of such transfer in which the Lessee has an interest, shall be turned over to the transferee and provided further that upon any such transfer, the transferee shall be deemed to have assumed, subject to the limitations of this Section, all of the covenants, agreements and conditions in this Lease contained to be performed on the part of the Lessor, it being intended hereby that the covenants and agreements contained in this Lease on the part of the Lessor to be performed shall, subject as aforesaid, be binding on the Lessor, its successors and assigns, only during and in respect of their respective periods of ownership.

Limitation of Lessor's Liability. Section 24.1. The term "“Lessor" ,” as used in this Lease Lease, so far as covenants or obligations on the part of Lessor are concerned, shall be limited to mean and include only the owner or owners of the Lessor's interest in this Lease at the time in questionquestion of the fee or any lesser estate in the Premises, and in the event of any transfer of the title to such fee or transfers of such interest, lesser estate the Lessor herein named (and in the case of any subsequent transfer, the then transferor) shall be automatically freed and relieved from and after the date of such transfer of all personal liability as respects for the performance of any covenants or agreements obligations on the part of the Lessor contained in this Lease thereafter to be performed; provided, provided however, that any funds in the hands of such Lessor or of the then transferor at the time of such transfer transfer, in which the Lessee has an interest, shall be turned over to the transferee and provided further any amount then due and payable to Lessee by Lessor or the then transferor under any provision of this Lease shall be paid to Lessee; and provided, further, that upon any such transfer, the transferee shall be deemed to have assumedexpressly assume, subject to the limitations of this Sectionparagraph, all of the covenantsagreements, agreements covenants and conditions in this Lease contained to be performed on the part of the Lessor, it being intended hereby that the covenants and agreements obligations contained in this Lease on the part of the Lessor to be performed shall, subject as aforesaid, be binding on the each Lessor, its successors and assigns, only during and in respect of their respective periods its period of ownership.

Limitation of Lessor's Liability. Section 24.1. The term "Lessor" as used in this Lease Lease, so far as covenants or agreements on the part of the Lessor are concerned, shall be limited to mean and include only the owner or owners of the Lessor's interest in this Lease lease at the time in question, and in the event of any transfer or transfers of such interest, except a transfer by way of security, the Lessor herein named (and in case of any subsequent transfer, the then transferor) shall be automatically freed and relieved from and after the date of such transfer of all personal liability as respects the performance that is accrued after such date of any covenants or agreements on the part of the Lessor contained in this Lease thereafter to be performed, provided that any funds in the hands of such Lessor or the then transferor at the time of such transfer transfer, in which the Lessee has an interest, shall be turned over to the transferee and any amount then due and payable to the Lessee by the Lessor or the then transferor under any provision of Lease, shall be paid to the Lessee, and provided further that upon any such transfer, the transferee shall be deemed to have assumed, subject to the limitations of this Section, all of the covenants, agreements and conditions in this Lease contained to be performed on the part of the Lessor, it being intended hereby that the covenants and agreements contained in this Lease on the part of the Lessor to be performed shall, subject as aforesaid, be binding on the Lessor, its successors and assigns, only during and in respect of to their respective successive periods of ownership.

Limitation of Lessor's Liability. Section 24.1. The term "Lessor," as used in this Lease Lease, so far as covenants or obligations on the part of Lessor are concerned, shall be limited to mean and include only the owner or owners of the Lessor's interest in this Lease at the time in questionquestion of the fee or any lesser estate in the Premises, and in the event of any transfer of the title to such fee or transfers of such interest, lesser estate the Lessor herein named (and in case of any subsequent transfer, the then transferor) shall be automatically freed and relieved from and after the date of such transfer of all personal liability as respects for the performance of any and covenants or agreements obligations on the part of the Lessor contained in this Lease thereafter to be performed; provided, provided however, that any funds in the hands of such Lessor or the then transferor at the time of such transfer transfer, in which the Lessee has an interest, shall be turned over to the transferee and provided further any amount then due and payable to Lessee by Lessor or the then transferor under any provision of this Lease shall be paid to Lessee; and provided, further, that upon any such transfer, the transferee shall be deemed to have assumedexpressly assume, subject to the limitations of this Sectionparagraph 28, all of the covenantsagreements, agreements covenants and conditions in this Lease contained to be performed on the part of Lessor from and after the Lessordate of the transfer, it being intended hereby that the covenants and agreements obligations contained in this Lease on the part of the Lessor to be performed shall, subject as aforesaid, be binding on the each Lessor, its successors and assigns, only during and in respect of their respective periods its period of ownership.

Limitation of Lessor's Liability. Section 24.1. The term "Lessee agrees that the partners of Lessor shall have no liability hereunder in their individual capacities, and that Lessee shall look solely to Lessor" as used ’s interest in this Lease shall be limited to mean and include only the owner Real Estate for collection of any judgment against Lessor in the event of default or owners breach by Lessor of any of the Lessor's interest in covenants, terms or conditions of this Lease at the time in questionLease. Also, and in the event of any transfer of Lessor’s interest in the Leased Premises or transfers of such interestthe Real Estate (except a transfer for security), the Lessor named herein named (and or the transferor, in the case of any a subsequent transfer) shall, the then transferor) shall be automatically freed and relieved from and after the date of such transfer of transfer, be released from all personal liability as respects the for performance of any covenants or agreements covenant, agreement and condition on the part of the Lessor contained in this Lease which are thereafter to be performed, provided that any funds in the hands of such Lessor or the then transferor at the time of such transfer in which the Lessee has an interest, shall be turned over to the transferee and provided further that upon any such transfer, the performed hereunder. The transferee shall be deemed to have assumed, assumed (subject to the limitations of this Section, paragraph) all of the covenants, agreements and conditions in this Lease contained herein to be performed on the part of observed by the Lessor, it being intended hereby with the result that the covenants and agreements contained in this Lease on the part of the Lessor to be performed shall, subject as aforesaid, be binding on the shall bind Lessor, its successors and assigns, only during and in respect of their respective periods of ownership.