Proprietary Capacity Only Sample Clauses
The "Proprietary Capacity Only" clause defines that a party is acting solely on its own behalf and not as an agent, broker, or representative for any third party. In practice, this means that any rights, obligations, or benefits arising from the agreement are intended only for the named parties and not for others. This clause helps prevent misunderstandings about the parties' roles and ensures that no unintended third-party interests are created or implied by the agreement.
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Proprietary Capacity Only. Landlord (including any successor Landlord), if a governmental entity or instrumentality, enters into this Lease in Landlord’s “proprietary” capacity only. Nothing in this Lease shall be deemed in any way to expand, restrict, burden, or waive any right, privilege, obligation, claim or immunity that any Governmental Authority would possess, be subject to, or be entitled to exercise if the lessor under this Lease were a private party. Without limiting the effect of the immediately preceding sentence, nothing in this Lease is intended to burden or restrict the exercise by any Governmental Authority of its “police power” or impose any liability upon any Governmental Authority for (or entitle Tenant to any credit, offset, defense, claim or counterclaim on account of) the exercise of such “police power.” In keeping therewith, Tenant’s relations with all Governmental Authorities, when acting in their capacity as Governmental Authorities, shall be governed by otherwise applicable law.