Common use of Co-Tenancy Clause in Contracts

Co-Tenancy. This Agreement is not personally binding upon and resort shall not be had nor shall recourse or satisfaction be sought from the private property of any of the unit holders of Investors Real Property Fund (the "FUND"), trustees, officers, employees or agents of the trustee or manager of the Fund, it being intended and agreed that only the property of the Fund shall be bound by this Agreement. Only the co-tenancy interests of Menkes and Investors Group shall be bound hereby and the obligations hereunder are not binding upon either of Menkes or Investors Group in any other respect nor shall resort be had to any other property of any of Menkes or Investors Group. The rights and obligations of each of Menkes and Investors Group hereunder shall, in every case, be several and proportionate and not either joint or joint and several.

Co-Tenancy. This Agreement is not personally binding upon and resort shall not be had nor shall recourse or satisfaction be sought from the private property of any of the unit holders of Investors Real Property Fund (the "FUND"), trustees, officers, directors, employees or agents of the trustee or manager of the Fund, it being intended and agreed that only the property of the Fund shall be bound by this Agreement. Only the co-tenancy interests of Menkes and Investors Group shall be bound hereby and the obligations hereunder are not binding upon either of Menkes or Investors Group in any other respect nor shall resort be had to any other property of any of Menkes or Investors Group. The rights and obligations of each of Menkes and Investors Group hereunder shall, in every case, be several and proportionate and not either joint or joint and several.