Common use of Limitation on Recovery Clause in Contracts

Limitation on Recovery. Tenant specifically agrees to look solely to Landlord's interest in the Leased Property leased by it, the net proceeds received by Landlord from the sale or any financing or refinancing of the Leased Property leased by it, the Security Deposit, any funds deposited by Tenant pursuant to Section 12.2 hereof and any Net Proceeds for recovery of any judgment against Landlord, it being specifically agreed that no partner, manager, shareholder, officer, director, or employee of Landlord shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Tenant. Furthermore, Landlord (original or successor) shall not ever be liable to Tenant for any indirect or consequential damages suffered by Tenant from whatever cause.

Appears in 4 contracts

Samples: Master Lease (Monarch Properties Inc), Master Lease (Monarch Properties Inc), Lease (Monarch Properties Inc)

AutoNDA by SimpleDocs

Limitation on Recovery. Tenant specifically agrees to look solely to Landlord's interest in the Leased Property leased by it, the net proceeds received by Landlord from the sale or any financing or refinancing of the Leased Property leased by it, the Security Deposit, any funds deposited by Tenant pursuant to Section 12.2 hereof and any Net Proceeds for recovery of any judgment against Landlord, it being specifically agreed that no partner, manager, shareholder, officer, director, or employee of Landlord shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Tenant. Furthermore, Landlord (original or successor) shall not ever be liable to Tenant for any indirect or consequential damages suffered by Tenant from whatever cause.

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.