Common use of Tenant’s Remedies Clause in Contracts

Tenant’s Remedies. The obligations and liability of Landlord to Tenant for any default by Landlord under the terms of this Lease are not personal obligations of Landlord or of the individual or other partners of Landlord or its or their partners, directors, officers, or shareholders, and Tenant agrees to look solely to Landlord's interest in the Project for the recovery of any amount from Landlord, and shall not look to other assets of Landlord nor seek recourse against the assets of the individual or other partners of Landlord or its or their partners, directors, officers or shareholders. Any lien obtained to enforce any such judgment and any levy of execution thereon shall be subject and subordinate to any lien, mortgage or deed of trust on the Project.

Appears in 4 contracts

Samples: Lease Agreement (Integrated Packaging Assembly Corp), Sublease (Adforce Inc), Sublease Agreement (Mp3 Com Inc)

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Tenant’s Remedies. The obligations and liability of Landlord to Tenant for any default by Landlord under the terms of this Lease are not personal obligations of Landlord or of the individual or other partners of Landlord or its or their partners, directors, officers, or shareholders, and Tenant agrees to look solely to Landlord's ’s interest in the Project Building for the recovery of any amount from Landlord, and shall not look to other assets of Landlord nor seek recourse against the assets of the individual or other partners of Landlord or its or their partners, directors, officers or shareholders. Any lien obtained to enforce any such judgment and any levy of execution thereon shall be subject and subordinate to any then existing lien, mortgage or deed of trust on the ProjectBuilding.

Appears in 1 contract

Samples: Lease (Accelrys, Inc.)

Tenant’s Remedies. 20. The obligations and liability of Landlord to Tenant for any default by Landlord under the terms of this Lease are not personal obligations of the Landlord or of the individual or other partners of Landlord or its or their trustees, advisors, partners, directors, officers, or shareholdersofficers and shareholders of Landlord, and Tenant agrees Tenaxx xxxees to look solely to Landlord's interest in the Project for the recovery of any amount from Landlord, and shall not look to other assets of Landlord nor seek recourse against the assets of the individual Landlord or other partners of Landlord or its or their trustees, advisors, partners, directors, officers or shareholdersand shareholders of Landlord. Any lien obtained to enforce any such judgment and any levy of execution thereon shall be subject and subordinate to any lien, mortgage or deed of trust on the Project.

Appears in 1 contract

Samples: Lease (Virologic Inc)

Tenant’s Remedies. The obligations and liability of Landlord to Tenant for any default by Landlord under the terms of this Lease are not personal obligations of Landlord or of the individual or other partners of Landlord or its or their partners, directors, officers, or shareholders, and Tenant agrees to look solely to Landlord's interest in the Project Building for the recovery of any amount from Landlord, and shall not look to other assets of Landlord nor seek recourse against the assets of the individual or other partners of Landlord or its or their partners, directors, officers or shareholders. Any lien obtained to enforce any such judgment and any levy of execution thereon shall be subject and subordinate to any then existing lien, mortgage or deed of trust on the ProjectBuilding.

Appears in 1 contract

Samples: Lease (Symyx Technologies Inc)

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Tenant’s Remedies. 20. The obligations and liability of Landlord to Tenant tenant for any default by Landlord under the terms of this Lease are not personal obligations of the Landlord or of the individual or other partners of Landlord or its or their trustees, advisors, partners, directors, officers, or shareholdersofficers and shareholders of Landlord, and Tenant agrees Tenaxx xxxees to look solely to Landlord's interest in the Project for the recovery of any amount from Landlord, and shall not look to other assets of Landlord nor seek recourse against the assets of the individual Landlord or other partners of Landlord or its or their trustees, advisors, partners, directors, officers or shareholdersand shareholders of Landlord. Any lien obtained to enforce any such judgment and any levy of execution thereon shall be subject and subordinate to any lien, mortgage or deed of trust on the Project.

Appears in 1 contract

Samples: Lease (Virologic Inc)

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