Common use of Limited Partnerships Clause in Contracts

Limited Partnerships. If the Lessor herein is a limited partnership, it is understood and agreed that any claims by Lessee on Lessor shall be limited to the assets of the limited partnership, and furthermore, Lessee expressly waives any and all rights to proceed against the individual partners or the officers, directors or shareholders of any corporate partner, except to the extent of their interest in said limited partnership.

Appears in 2 contracts

Samples: Lease Agreement (Organic Inc), Lease (More Com Inc)

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Limited Partnerships. If the Lessor herein is a limited partnership, it is understood and agreed that any claims by Lessee on Lessor shall be limited to the assets of the limited partnership, and furthermore, Lessee expressly waives any and all rights to proceed against the individual partners or the officers, directors or shareholders of any corporate partner, except to the extent of their interest in said limited partnership.the

Appears in 2 contracts

Samples: Lease (Organic Inc), Lease Agreement (Organic Inc)

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