Common use of SATISFACTION OF JUDGMENT Clause in Contracts

SATISFACTION OF JUDGMENT. The obligations of Landlord do, not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or its constituent partners. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Building and/or the Site. and out of the rent or other income from such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the Building and/or the Site, and no action for any deficiency may be sought or obtained by Tenant.

Appears in 3 contracts

Samples: Industrial Lease (Intralase Corp), Industrial Lease (Advanced Medical Optics Inc), Industrial Lease (Intralase Corp)

AutoNDA by SimpleDocs

SATISFACTION OF JUDGMENT. The obligations of Landlord do, and Tenant under this Lease do not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or its Tenant, or their respective constituent partners. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Building and/or the Site. and out of the rent or other income from such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the Building and/or the Site, and no action for any deficiency may be sought or obtained by Tenant.

Appears in 2 contracts

Samples: Industrial Lease (Minimed Inc), Industrial Lease (Minimed Inc)

SATISFACTION OF JUDGMENT. The obligations of Landlord do, do not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or its constituent partners. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Building and/or the Site. and out of the rent or other income from such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the Building and/or the SiteBuilding, and no action for any deficiency may be sought or obtained by Tenant.

Appears in 1 contract

Samples: Industrial Lease (Sunpower Corp)

SATISFACTION OF JUDGMENT. The obligations of Landlord do, and Tenant under this Lease do not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or its constituent partnersTenant, respectively. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Building and/or the Site. and out of the rent or other income from such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the Building and/or the SiteBuilding, and no action for any deficiency may be sought or obtained by Tenant.

Appears in 1 contract

Samples: Industrial Lease (Mai Systems Corp)

AutoNDA by SimpleDocs

SATISFACTION OF JUDGMENT. The obligations of Landlord do, do not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or its constituent partners. Should Tenant recover a money judgment against Landlord, then provided Landlord has in force insurance as contemplated by Section 10.2 hereof, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Building and/or the Site. Project and out of the rent or other income from such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the Building and/or the Site, Project and no action for any deficiency may be sought or obtained by Tenant.

Appears in 1 contract

Samples: Industrial Lease (Phage Biotechnology CORP)

SATISFACTION OF JUDGMENT. The obligations of Landlord do, do not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or its constituent partners. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Building and/or the Site. and out of the rent or other income from such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the Building and/or (including from any Taking, in whole or in part, of the Site) or from any insurance policies maintained by Landlord with respect to the Site, and no action for any deficiency may be sought or obtained by Tenant.

Appears in 1 contract

Samples: Industrial Lease (Homegrocer Com Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!