Common use of Rental Obligation Clause in Contracts

Rental Obligation. The parties acknowledge and agree that, upon full execution of this Addendum, the obligation to pay monthly Rent due under the Lease will become personal to each Tenant. The parties further acknowledge and agree that if any Tenant(s) is in default for payment of monthly Rent, Landlord will only pursue its remedies against the Tenant(s) then in default and that if the Landlord exercises any or all of its rights against such defaulting Tenant, such exercise will not affect the rights and obligations of the other Tenants, except as set forth in this Lease. The foregoing notwithstanding all other payment and non-payment obligations under this Lease ARE joint and several among all of the Tenants and Landlord reserves the right to enforce all of its rights under the Lease against one or all of the Tenants.