Common use of Exculpatory Clause in Contracts

Exculpatory. Tenant shall look solely to the then interest of Landlord in the Premises, or of any successor in interest to Landlord, as owner of said Premises, for the satisfaction of any remedy of Tenant for failure to perform any of Landlord’s obligations under this Lease, either express or implied, or under any law whether now existing or hereinafter enacted. Neither Landlord nor any disclosed or undisclosed principal or member of Landlord (or any officer, director, stockholder, partner or agent of Landlord or any such principal or member) nor any successor of any of them shall have any personal liability for any such failure under this Lease or otherwise.

Appears in 1 contract

Sources: Industrial Building Lease (Coinstar Inc)

Exculpatory. Tenant shall look solely to the then interest of Landlord in the Premises, or of any successor in interest to Landlord, as owner of said Premises, for the satisfaction of any remedy of Tenant for failure to perform any of Landlord’s 's obligations under this Lease, either express or implied, or under any law whether now existing or hereinafter enacted. Neither Landlord nor any disclosed or undisclosed principal or member of Landlord (or any officer, director, stockholder, partner or agent of Landlord or any such principal or member) nor any successor of any of them shall have any personal liability for any such failure under this Lease or otherwise.

Appears in 1 contract

Sources: Industrial Building Lease (American Coin Merchandising Inc)