Common use of NONRECOURSE OBLIGATION OF THE Clause in Contracts

NONRECOURSE OBLIGATION OF THE. CORPORATION. Notwithstanding anything to the contrary herein or in any exhibit, instrument, document or paper relating to this Ground Lease or any of the transactions contemplated hereby, the parties hereto hereby acknowledge and agree that upon the assignment by the Corporation of its rights hereunder to the Trustee pursuant to the Assignment of Lease Agreement and Assignment of Ground Lease Agreement, the Corporation shall have no further obligation, liability or responsibility hereunder and no party hereto nor their successors or assigns shall look to the Corporation for any damages, expenses, fees, charges or claims with respect to the failure of any obligations hereunder to be performed.

Appears in 6 contracts

Samples: Ground Lease Agreement, Ground Lease Agreement, Ground Lease Agreement

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