Limitation on Liability of Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's interest in the Leased Property. In no event shall any partner, member, officer, director, stockholder or shareholder of Landlord or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 10 contracts
Samples: Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc)
Limitation on Liability of Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's ’s sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's interest in the Leased PropertyPremises. In no event shall any partner, member, officer, director, stockholder employee or shareholder of Landlord or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 5 contracts
Samples: Sale Leaseback Commitment Agreement, Real Estate Purchase and Sale Contract (Air Industries Group), Lease Agreement (Air Industries Group)
Limitation on Liability of Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's ’s sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's ’s interest in the Leased Property. In no event shall any partner, member, officer, director, stockholder or shareholder of Landlord or any partner thereof or Affiliated Person Affiliate or Subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 4 contracts
Samples: Lease Agreement (CNL Healthcare Properties, Inc.), Lease Agreement (CNL Lifestyle Properties Inc), Lease Agreement (CNL Healthcare Trust, Inc.)
Limitation on Liability of Landlord. In the event If Tenant is awarded a money ----------------------------------- judgment against Landlord, then Tenant's sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's interest in the Leased PropertyPremises and any other premises leased by Landlord to an Affiliate of Tenant. In no event shall any stockholder, shareholder, partner, memberemployee, officer, director, stockholder officer or shareholder beneficiary of Landlord or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 2 contracts
Samples: Lease Agreement (Capital Automotive Reit), Lease Agreement (Capital Automotive Reit)
Limitation on Liability of Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's sole recourse for satisfaction of such judgment shall be limited to execution against the Office Complex assets of Landlord's interest in the Leased Property. In no event shall any partner, member, officer, director, stockholder or shareholder partner of Landlord or any partner thereof other person be held to have any personal liability for satisfaction of any claims or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord hereunderjudgments that Tenant may have against Landlord.
Appears in 2 contracts
Samples: Office Space Lease Agreement (Preferred Employers Holdings Inc), Office Space Lease Agreement (Sunglass Hut International Inc)
Limitation on Liability of Landlord. In the event If Tenant is awarded a money judgment against Landlord, then Tenant's sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's interest in the Leased PropertyPremises and any other premises leased by Landlord to an Affiliate of Tenant. In no event shall any stockholder, shareholder, partner, memberemployee, officer, director, stockholder officer or shareholder beneficiary of Landlord or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 2 contracts
Samples: Strategic Alliance Agreement (Sonic Automotive Inc), Lease Agreement (Mar Mar Realty Trust)
Limitation on Liability of Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's ’s sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's ’s interest in the Leased Property. In no event shall any partner, member, officer, director, stockholder or shareholder of Landlord or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 2 contracts
Samples: Lease Agreement (CNL Lifestyle Properties Inc), Master Lease Agreement (Care Investment Trust Inc.)
Limitation on Liability of Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's sole recourse for satisfaction of such judgment shall be limited to to:
(a) execution against the Landlord's interest in the Leased PropertyPremises or, (b) at Tenant's option (which shall be irrevocable once elected), a credit against future Rent obligations due hereunder up to the amount of such judgment(s). In no event shall any partner, member, officer, director, stockholder or shareholder of Landlord or any partner thereof or Affiliated Person Affiliate or Subsidiary subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 2 contracts
Samples: Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc)
Limitation on Liability of Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's ’s sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's ’s interest in the Leased Property. In no event shall any partner, member, officer, director, stockholder or shareholder of Landlord or Tenant or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord or Tenant hereunder.
Appears in 1 contract
Limitation on Liability of Landlord. In the event If Tenant is awarded a money judgment against Landlord, then Tenant's sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's interest in the Leased PropertyPremises. In no event shall any stockholder, shareholder, partner, memberemployee, officer, director, stockholder officer or shareholder beneficiary of Landlord or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 1 contract
Limitation on Liability of Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's ’s sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's ’s interest in the Leased Property. In no event shall any partner, member, officer, director, stockholder or shareholder of Landlord or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for Premises and the obligations of Landlord hereunderproceeds therefrom.
Appears in 1 contract
Limitation on Liability of Landlord. In the event If Tenant is awarded a money judgment against Landlord, then Tenant's ’s sole recourse for satisfaction of such judgment shall be limited to execution against the Landlord's interest in the Leased PropertyPremises and any other premises leased by Landlord to an Affiliate of Tenant. In no event shall any stockholder, shareholder, partner, memberemployee, officer, director, stockholder officer or shareholder beneficiary of Landlord or any partner thereof or Affiliated Person or Subsidiary thereof, be personally liable for the obligations of Landlord hereunder.
Appears in 1 contract
