Common use of No Recourse Against Landlord Clause in Contracts

No Recourse Against Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's sole recourse for satisfaction of such judgment shall be limited to execution against Landlord's interest in the Premises. In no event shall any partner, shareholder, officer, director or any principal of Landlord or any other persons be held to have any personal liability for satisfaction of any claims or judgments that Tenant may have against Landlord.

Appears in 2 contracts

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

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No Recourse Against Landlord. In Tenant agrees that in the event Tenant is awarded a money judgment against Landlord, Tenant's sole recourse for satisfaction of such judgment shall be limited to execution against Landlord's interest in the PremisesComplex. In no event shall any partner, shareholder, officer, director or any principal of Landlord or any other persons be held to have any personal liability for satisfaction of any claims or judgments that Tenant may have against LandlordLandlord unless such claim or judgment is based upon the willful or grossly negligent acts or omissions of any of the foregoing persons.

Appears in 1 contract

Samples: Office Lease (Yellow Brix Inc)

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No Recourse Against Landlord. In the event Tenant is awarded a money judgment against Landlord, Tenant's sole recourse for satisfaction of such judgment shall be limited to execution against Landlord's interest in the PremisesLeased Premises and the income and proceeds therefrom. In no event shall any partner, shareholder, officer, director or any principal of Landlord or any other persons be held to have any personal liability for satisfaction of any claims or judgments that Tenant may have against Landlord.

Appears in 1 contract

Samples: Deed of Lease (Eplus Inc)

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