Common use of Owner's Limited Liability Clause in Contracts

Owner's Limited Liability. Anything in this lease to the contrary notwithstanding, Tenant for itself, its successors and assigns, covenants and agrees that the liability of the Owner shall be limited so that only the assets and interest of the Owner in and to One-Two Bridge Street, and the Bridge Street Property, Irvington, New York, shall be available and/or liable for the satisfaction, or security for payment of any judgment or claim against Owner or any indebtedness of Owner arising from any default by Owner. Tenant for itself, its successors and assigns, covenants and agrees that no other assets of any of the principals of Owner whether owned by them jointly or severally, directly or indirectly, shall be liable to payor satisfy any such judgment, claim, demand or indebtedness arising from any default by Owner.

Appears in 1 contract

Samples: Agreement of Lease (Electro Optical Sciences Inc /Ny)

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Owner's Limited Liability. Anything in this lease Lease to the contrary notwithstanding, Tenant for itself, its successors and assigns, covenants and agrees that the liability of the Owner shall be limited so that only the assets and interest of the Owner in and to One-Two Bridge Street, and the Bridge Street PropertyXxxxxx Xxxxxx Xxxxxxxx, IrvingtonXxxxxxxxx, New YorkXxx Xxxx, shall be available and/or liable for the satisfaction, or security for payment of any judgment judgment, or claim against Owner or any indebtedness of Owner arising from any default by Owner. Tenant for itself, its successors and assigns, covenants and agrees that no other assets of any of the principals of Owner whether owned by them jointly or severally, directly or indirectly, shall be liable to payor pay or satisfy any such judgment, claim, demand or indebtedness arising from any default by Owner.

Appears in 1 contract

Samples: Ask Jeeves Inc

Owner's Limited Liability. Anything in this lease Lease to the contrary notwithstanding, Tenant for itself, its successors and assigns, covenants and agrees that the liability of the Owner shall be limited so that only the assets and interest of the Owner in and to One-Two Bridge Street, and the Bridge Street Property, Irvington, New York, shall be available and/or liable for the satisfaction, or security for payment of any judgment or claim against Owner or any indebtedness of Owner arising from any default by Owner. Tenant for itself, its successors and assigns, covenants and agrees that no other assets of any of the principals of Owner whether owned by them jointly or severally, directly or indirectly, shall be liable to payor pay or satisfy any such judgment, claim, demand or indebtedness arising from any default by Owner.

Appears in 1 contract

Samples: Lease (Ask Jeeves Inc)

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Owner's Limited Liability. Anything in this lease to the contrary notwithstanding, Tenant for itself, its successors and assigns, covenants and agrees that the liability of the Owner shall be limited so that only the assets and interest of or the Owner in and to One-Two Bridge Street, Street and the Bridge Street Property, Irvington, New York, shall be available and/or liable for the satisfaction, satisfaction or security for payment of any judgment or claim against Owner or any indebtedness of Owner arising from any default by Owner. Tenant for itself, its successors and assigns, assigns covenants and agrees that no other assets of any of the principals of Owner whether owned by them jointly or severallyindividually, directly or indirectly, shall be liable to payor pay or satisfy any such judgment, claim, demand or indebtedness arising from any default by Owner.

Appears in 1 contract

Samples: Electro Optical Sciences Inc /Ny

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