Common use of NO PERSONAL LIABILITY OF THE LANDLORD Clause in Contracts

NO PERSONAL LIABILITY OF THE LANDLORD. The Tenant agrees to look solely to the Landlord's then equity interest in the Building at the time owned, or in which the Landlord holds an interest as ground lessee, for recovery of any judgment from the Landlord; it being specifically agreed that neither the Landlord (whether the Landlord be an individual, partnership, firm, corporation, trustee or other fiduciary) nor any of the partners constituting the Landlord, nor any beneficiary of any trust of which any person holding the Landlord's interest is trustee nor any successor in interest to any of the foregoing shall ever be personally liable for any such judgment, or for the payment of any monetary obligation to the Tenant. The covenants of the Landlord contained in this Lease shall be binding upon the Landlord and the Landlord's successors only with respect to breaches occurring during the Landlord's and the Landlord's successors' respective periods of ownership of the Landlord's interest hereunder.

Appears in 1 contract

Samples: Lease (Matrixone Inc)

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NO PERSONAL LIABILITY OF THE LANDLORD. The Tenant agrees to look solely to the Landlord's ’s then equity interest in the Building and the Lot at the time owned, or in which the Landlord holds an interest as ground lessee, for recovery of any judgment from the Landlord; it being specifically agreed that neither the Landlord (whether the Landlord be an individual, partnership, firm, corporation, trustee trustee, or other fiduciary) nor any partner, policyholder, officer, shareholder or director of the partners constituting the Landlord, nor any beneficiary of any trust of which any person holding the Landlord's ’s interest is trustee nor any successor in interest to any of the foregoing shall ever be personally liable for any such judgment, or for the payment of any monetary obligation to the Tenant. The covenants of the Landlord contained in this Lease shall be binding upon the Landlord and the Landlord's ’s successors only with respect to breaches occurring during the Landlord's ’s and the Landlord's ’s successors' respective periods of ownership of the Landlord's ’s interest hereunder.

Appears in 1 contract

Samples: Lease (Metabolix, Inc.)

NO PERSONAL LIABILITY OF THE LANDLORD. The Tenant agrees to look solely to the Landlord's then equity interest (including the rents, issues and profits therefrom) in the Building and the Lot at the time owned, or in which the Landlord holds an interest as ground lessee, for recovery of any judgment from the Landlord; it being specifically agreed that neither the Landlord (whether the Landlord be an individual, partnership, firm, corporation, trustee trustee, or other fiduciary) nor any partner, policyholder, officer, manager, member, shareholder or director of the partners constituting the Landlord, nor any beneficiary of any trust of which any person holding the Landlord's interest is trustee nor any successor in interest to any of the foregoing shall ever be personally liable for any such judgment, or for the payment of any monetary obligation to the Tenant. The covenants of the Landlord contained in this Lease shall be binding upon the Landlord and the Landlord's successors only with respect to breaches occurring during the Landlord's and the Landlord's successors' respective periods of ownership of the Landlord's interest hereunder.

Appears in 1 contract

Samples: Lease (Genuity Inc)

NO PERSONAL LIABILITY OF THE LANDLORD. The Tenant agrees to look solely to the Landlord's then equity interest in the Building at the time owned, or in which the Landlord holds an interest as ground lessee, for recovery of any judgment from the Landlord; it being specifically agreed that neither the Landlord (whether the Landlord be an individual, partnership, firm, corporation, trustee or other fiduciary) nor any of the partners constituting comprising the Landlord, nor any beneficiary of any trust of which any person holding the Landlord's interest is trustee nor any successor in interest to any of the foregoing shall ever be by personally liable for any such judgment, or for the payment of any monetary obligation to the Tenant. The covenants of the Landlord contained in this Lease shall be binding upon the Landlord and the Landlord's successors only with respect to breaches occurring during the Landlord's and the Landlord's successors' respective periods of ownership of the Landlord's interest hereunder.

Appears in 1 contract

Samples: Lease (Industrial Imaging Corp)

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NO PERSONAL LIABILITY OF THE LANDLORD. The Tenant agrees to look solely to the Landlord's Xxxxxxxx’s then equity interest in the Building and the Lot at the time owned, or in which the Landlord holds an interest as ground lessee, for recovery of any judgment from the Landlord; it being specifically agreed that neither the Landlord (whether the Landlord be an individual, partnership, firm, corporation, trustee trus- tee, or other fiduciary) nor any partner, policyholder, officer, manager, member, shareholder or director of the partners constituting the LandlordLand- lord, nor any beneficiary of any trust of which any person holding the Landlord's Xxxxxxxx’s interest is trustee nor any successor in interest to any of the foregoing shall ever be personally liable for any such judgment, or for the payment of any monetary obligation obliga- tion to the Tenant. The covenants of the Landlord contained in this Lease shall be binding upon the Landlord and the Landlord's Xxxxxxxx’s successors only with respect to breaches occurring during the Landlord's ’s and the Landlord's Xxxxxxxx’s successors' respective periods peri- ods of ownership of the Landlord's Xxxxxxxx’s interest hereunder.

Appears in 1 contract

Samples: Commercial Lease Agreement

NO PERSONAL LIABILITY OF THE LANDLORD. The Tenant agrees to look solely to the Landlord's then ’s then-equity interest in the Building and the Lot at the time owned, or in which the Landlord holds an interest as ground lessee, for recovery of any judgment from the Landlord; it being specifically agreed that neither the Landlord (whether the Landlord be an a manager, member, individual, partnership, firm, corporation, trustee limited liability company, trustee, fiduciary, or other fiduciaryentity) nor any partner, member, officer, trustee, manager, fiduciary, beneficiary, shareholder or director of the partners constituting the Landlord, nor any beneficiary of any trust of which any person holding the Landlord's ’s interest is trustee nor any successor in interest to any of the foregoing shall ever be personally liable for any such judgment, or for the payment of any monetary obligation to the Tenant. The covenants of the Landlord contained in this Lease shall be binding upon the Landlord and the Landlord's ’s successors only with respect to breaches occurring during the Landlord's ’s and the Landlord's ’s successors' respective periods of ownership of the Landlord's ’s interest hereunder.

Appears in 1 contract

Samples: Lease (Management Network Group Inc)

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