No Recourse Against Specified Persons Sample Clauses

No Recourse Against Specified Persons. No commissioner, officer or employee of Landlord or City will be personally liable to Tenant, or any successor in interest, for any Event of Default by Landlord, and Tenant agrees that it will have no recourse with respect to any obligation of Landlord under this Lease, or for any amount which may become due Tenant or any successor or for any obligation or claim based upon this Lease, against any such Person.
Sample 1
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No Recourse Against Specified Persons. No commissioner, officer or employee of Agency or City will be personally liable to Tenant, or any successor in interest, for any Event of Default by Agency, and Tenant agrees that it will have no recourse with respect to any obligation of Agency under this Lease, or for any amount which may become due Tenant or any successor or for any obligation or claim based upon this Lease, against any such Person.
Sample 1
No Recourse Against Specified Persons. No commissioner, officer, or employee of the Indemnified Parties will be personally liable to Tenant, or any successor in interest, for any Event of Default by Port, and Xxxxxx agrees that it will have no recourse with respect to any obligation of Port under this Lease, or for any amount which may become due Tenant or any successor or for any obligation or claim based upon this Lease, against any such Person.
Sample 1
No Recourse Against Specified Persons. No shareholder, board member, officer, employee, limited partner or member of Tenant or of any partner or member of Tenant will be personally liable to Landlord or any successor in interest of Landlord for any Event of Default of Tenant, and Landlord agrees that it will have no recourse with respect to any obligation of Tenant under this Lease, or for any amount which may became due to Landlord or any successor or for any obligation or claim based upon this Lease, against any such Person. The foregoing provisions shall not apply with respect to, and to the extent, any such Person is the guarantor under the Completion Guaranty executed pursuant to the LDDA.‌
Sample 1

Related to No Recourse Against Specified Persons

  • No Recourse The Certificateholder by accepting a Certificate acknowledges that the Certificate represents a beneficial interest in the Trust only and does not represent interests in or obligations of the Seller, the Servicer, the Owner Trustee, the Trustee, or any Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the Certificate or the Basic Documents.

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