Common use of Limited Liability of Landlord Clause in Contracts

Limited Liability of Landlord. Tenant understands and agrees that none of the Landlord’s covenants, undertakings or agreements are made or intended as personal covenants, and that any liability for damage, breach or non-performance by Landlord will be collected only out of Landlord’s interest in the Building. No personal liability is assumed by the Landlord, nor may any such personal liability be at any time asserted against the Landlord. If Landlord shall for any reason terminate its ownership of the Building, Tenant understands and agrees that any claim which Tenant may have against Landlord as of such date will be deemed to have been waived or terminated, it being understood that Tenant’s recourse in the event of any such claim shall be any successor’s respective ownership of the Building.

Limited Liability of Landlord. Tenant understands and agrees that none of the Landlord’s 's covenants, undertakings or agreements are made or intended as personal covenants, and that any liability for damage, breach or non-performance by the Landlord will be collected collectible only out of Landlord’s 's interest in the Building. No personal liability is assumed by the Landlord, nor may any such personal liability be at beat any time asserted against the Landlord. If Landlord shall for any reason terminate its ownership of the Building, . Tenant understands and agrees that any claim which Tenant may have against Landlord as of such date will be deemed to have been waived or terminated, it being understood that Tenant’s 's recourse in the event of any such claim shall be any successor’s 's respective ownership of the Building.