Common use of Negation of Personal Liability Clause in Contracts

Negation of Personal Liability. Notwithstanding anything to the contrary contained in this Lease, Tenant agrees that Landlord, Managing Agent and each of their respective officers employees and agents shall have no personal liability with respect to any of the provisions of this Lease and any amendments or supplements thereto, and Tenant shall look solely to the estate and property of Landlord in the land and buildings comprising the Project for the satisfaction of Tenant’s remedies including without limitation the collection of any judgment (or other judicial process) requiring the payment of money by Landlord in the event of any default or breach by Landlord with respect to any of the terms and provisions of this Lease to be observed and/or performed by Landlord, subject, however, to the prior rights of any ground lessor or holder of any mortgage covering all or part of the Project, and no other assets of Landlord or any principal of Landlord shall be subject to levy, execution or other judicial process for the satisfaction of Tenant’s claim and in the event Tenant obtains a judgment against Landlord, the judgment docket shall be so noted. Without limitation of the foregoing, upon each sale or other conveyance of any portion of the Project which includes, without limitation, the Demised Premises to any party, the grantor thereof shall have no liability whatsoever hereunder. This Section 29.01 shall inure to the benefit of Landlord’s successors and assigns and their respective principals.

Negation of Personal Liability. Notwithstanding anything contained herein to the contrary contained in this Leasecontrary, each of Landlord and Tenant agrees that Landlordneither the other party hereto, Managing Agent and each nor any of their respective such other party's agents or employees, nor any of its officers, directors or direct or indirect owners, or any of the officers employees and agents or directors of any such direct or indirect owners shall have no any personal liability with respect to any of the provisions of this Lease and any amendments or supplements thereto, each of Landlord and Tenant shall look solely to (i) the estate and property interest of Landlord the other party in the land Premises or the Venetian, as applicable (including, without limitation, any profits and buildings comprising the Project proceeds therefrom) for the satisfaction of Landlord's or Tenant’s remedies including 's remedies, as applicable, including, without limitation limitation, the collection of any judgment (or other the enforcement of any judicial process) process requiring the payment or expenditure of money by Landlord or Tenant, in the event of any default or breach by Landlord the other party with respect to any of the terms and provisions of this Lease to be observed and/or performed by Landlordthe other party, subject, however, to the prior rights rights, if any, of any ground lessor or holder of any mortgage Landlord's Mortgage covering all or part of the ProjectPremises, and no other assets of Landlord or Tenant or any principal of Landlord or Tenant shall be subject to levy, execution or other judicial process for the satisfaction of Tenant’s the other party's claim and in the event Landlord or Tenant obtains a judgment against Landlordthe other, the judgment docket shall be so noted. Without limitation of the foregoing, upon each sale or other conveyance of any portion of the Project which includes, without limitation, the Demised Premises to any party, the grantor thereof shall have no liability whatsoever hereunder. This Section 29.01 shall inure to the benefit of each of Landlord’s 's and Tenant's successors and assigns and their respective principals.

Negation of Personal Liability. Notwithstanding Except for intentional wrongdoing or gross negligence of Landlord, its agents, employees, invitees or licensees, notwithstanding anything to the contrary contained in this Leaseherein contained, Tenant agrees that LandlordLandlord (and, Managing Agent in case Landlord is a joint venture, partnership, tenancy in common, association or other form of joint ownership, the partners, members and each employees of their respective officers employees and agents any such joint venture, partnership, tenancy-in-common, association or other form of joint ownership) shall have absolutely no personal liability with respect to any of the provisions of this Lease and Lease, or any amendments obligation or supplements thereto, and liability arising therefrom or in connection therewith. Tenant shall look solely to the estate and property of Landlord Landlord's equity in the land and buildings comprising the Project Premises for the satisfaction of Tenant’s any remedies including of Tenant against Landlord including, without limitation limitation, the collection of any judgment (or other judicial process) requiring the payment of money by Landlord in the event of any default or breach by Landlord with respect to any of the terms and provisions of this Lease to be observed and/or performed by Landlord, subject, however, to the prior rights of any ground lessor or holder of any mortgage covering all or part of the Project, Premises and no other assets of Landlord or any principal or partner of Landlord shall be subject to levy, execution or other judicial process for the satisfaction of Tenant’s 's claim and in the event Tenant obtains a judgment against Landlord, the judgment docket shall be so noted. Without limitation This exculpation of the foregoing, upon each sale or other conveyance of any portion of the Project which includes, liability shall be absolute and without limitation, the Demised Premises to any party, the grantor thereof shall have no liability whatsoever hereunderexception whatsoever. This Section 29.01 section shall inure to the benefit of Landlord’s 's successors and assigns and their respective principals.