Common use of Individual Liability Clause in Contracts

Individual Liability. The obligations of Landlord under this Lease do not constitute personal obligations of the individual partners, directors, officers, or shareholders of Landlord, and Tenant shall look solely to the real estate that is the subject of this Lease and to no other assets of Landlord for satisfaction of any liability in respect of this Lease and will not seek recourse against the individual partners, directors, officers or shareholders of Landlord or any of their personal assets for such satisfaction.

Appears in 4 contracts

Sources: Lease Agreement (High Plains Gas, Inc.), Industrial Lease (Catalytica Energy Systems Inc), Industrial Lease (Action Performance Companies Inc)

Individual Liability. The obligations of Landlord under this Lease do not constitute personal obligations of the individual partners, directors, officers, or shareholders of Landlord, and Tenant shall look solely to the real estate that is the subject of this Lease and to no other assets of Landlord for satisfaction of any liability in respect of this Lease and will not seek recourse against the individual individuals partners, directors, officers or shareholders of Landlord or any of their personal assets for such satisfaction.

Appears in 1 contract

Sources: Lease Agreement (New Directions Manufacturing Inc)

Individual Liability. The obligations of Landlord under this Lease do not constitute personal obligations of the individual partners, directors, officers, or shareholders of Landlord, and Tenant shall look solely to the real estate that is 39 the subject of this Lease and to no other assets of Landlord for satisfaction of any liability in respect of this Lease and will not seek recourse against the individual partners, directors, officers or shareholders of Landlord or any of their personal assets for such satisfaction.

Appears in 1 contract

Sources: Multi Tenancy Industrial Lease (Maxam Gold Corp)

Individual Liability. The obligations of Landlord or Tenant under this Lease do not constitute personal obligations of the individual partners, directors, officers, or shareholders of Landlord, Landlord or Tenant and Landlord or Tenant shall look solely to the real estate that is the subject of this Lease and to no other assets of Landlord or Tenant for satisfaction of any liability in respect of this Lease and will not seek recourse against the individual partners, directors, officers or shareholders of Landlord or any of their personal assets for such satisfaction.

Appears in 1 contract

Sources: Multi Tenancy Industrial Lease (Pegasus Solutions Inc)

Individual Liability. The obligations of Landlord under this Lease do not constitute personal obligations of the individual partners, members, directors, officers, or shareholders of Landlord, and Tenant shall look solely to the real estate that is the subject of this Lease and to no other assets of Landlord for satisfaction of any liability in respect of this Lease and will not seek recourse against the individual partners, directors, officers or shareholders of Landlord or any of their personal assets for such satisfaction.

Appears in 1 contract

Sources: Stock Purchase Agreement (Teletech Holdings Inc)