Common use of Landlord’s Liability Clause in Contracts

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building as herein expressly provided.

Appears in 10 contracts

Sources: Lease (DJO Finance LLC), Lease Agreement (Insignia Systems Inc/Mn), Lease (Vital Health Technologies Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title title, and interest of Landlord in the Building Property as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building Property as herein expressly provided.

Appears in 4 contracts

Sources: Office Lease Agreement, Office Lease (Developed Technology Resource Inc), Office Lease (Access Integrated Technologies Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Project as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building Project as herein expressly provided.

Appears in 4 contracts

Sources: Lease Agreement (Tailwind Acquisition Corp.), Lease Agreement (Sunshine Heart, Inc.), Lease Agreement (CSAV Holding Corp.)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Property as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building Property as herein expressly provided.

Appears in 3 contracts

Sources: Office Lease (Pc Connection Inc), Office Lease (Pc Connection Inc), Standard Commercial Lease (Gary Player Direct Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Building, as the same may then be encumbered or by offset against rents, and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than the rents and its interest in the Building as herein expressly provided.

Appears in 2 contracts

Sources: Lease (Fair Isaac & Company Inc), Lease (Fair Isaac & Company Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building or any other real property as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building as herein expressly provided.

Appears in 2 contracts

Sources: Lease (Park N View Inc), Lease (Park N View Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than shall its interest in the Building as herein expressly provided.

Appears in 2 contracts

Sources: Commercial Lease (Enpath Medical Inc), Standard Commercial Lease (Research Inc /Mn/)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building and the Property as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building and the Property as herein expressly provided.

Appears in 2 contracts

Sources: Office Lease (Interface Security Systems, L.L.C.), Office Lease (Interface Security Systems Holdings Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building as herein expressly provided. Landlord agrees to maintain an equity interest of $200,000.00 in the Building at all times during the term of this Lease.

Appears in 2 contracts

Sources: Assignment of Lease (Digital River Inc /De), Lease (Intranet Solutions Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, or any other claim arising from or related to this Lease, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building as herein expressly provided.

Appears in 1 contract

Sources: Commercial Lease (Delphax Technologies Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building building as herein expressly provided.

Appears in 1 contract

Sources: Standard Retail Lease (Back Yard Burgers Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building as the same may then be encumbered and/or out of the proceeds of any insurance then carried by Landlord and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building and to the extent of applicable insurance, as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Mission Critical Software Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment judgement against Landlord, such judgment judgement shall be satisfied only out of the right, title title, and interest of Landlord in the Building Property as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building Property as herein expressly provided.

Appears in 1 contract

Sources: Office Lease (FWT Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall shalt recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Building, as the same may then be encumbered encumbered, or by offset against rents, and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than the rents and its interest in the Building as herein expressly provided.

Appears in 1 contract

Sources: Lease (Fair Isaac & Company Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In , in no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building as herein expressly provided.

Appears in 1 contract

Sources: Commercial Lease (Atmi Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, and if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Property as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building Property as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Tri Union Development Corp)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against the Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building and other property of the Landlord located therein or used exclusively in connection therewith, as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building and such other property as herein expressly provided.

Appears in 1 contract

Sources: Commercial Lease (Gt Interactive Software Corp)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building as herein expressly provided. Landlord agrees to maintain an equity interest of $200,000.00 in the Building at all times during the term of this Lease.

Appears in 1 contract

Sources: Consent to Assignment and Assumption of Lease (Digital River Inc /De)

Landlord’s Liability. If Except in case of Fraud, if Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Project as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building Project as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Secure Computing Corp)

Landlord’s Liability. If the Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against LandlordLandlord (and the rents produced thereby), such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building building and rents as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Soliton, Inc.)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Property as the same may then be encumbered and neither Landlord nor any other person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than the Property, nor any person or entity comprising Landlord other than its interest in the Building Property as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Liposcience Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, . Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title title, and interest of Landlord in the Building Property as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building Property as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Deep Down, Inc.)

Landlord’s Liability. If Landlord shall be in default under -------------------- this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Property as the same may then be encumbered and neither Landlord nor any other person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than the Property, nor any person or entity comprising Landlord other than its interest in the Building Property as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Paradigm Genetics Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Project including all future rents as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building Project as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Quantech LTD /Mn/)

Landlord’s Liability. If Landlord shall be in default under this -------------------- Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Property as the same may then be encumbered and neither Landlord nor any other person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord other than the Property, nor any person or entity comprising Landlord other than its interest in the Building Property as herein expressly provided.

Appears in 1 contract

Sources: Lease Agreement (Liposcience Inc)

Landlord’s Liability. If Landlord shall be in default under this Lease andand if, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building as the same may then be encumbered and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than its interest in the Building as herein expressly provided.

Appears in 1 contract

Sources: Commercial Lease (Aegis Identity Software, Inc.)

Landlord’s Liability. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall recover a money judgment against Landlord, such judgment shall be satisfied only out of the right, title and interest of Landlord in the Building Building, as the same may then be encumbered encumbered, or by offset against rents, and neither Landlord nor any person or entity comprising Landlord shall be liable for any deficiency. In no event shall Tenant have the right to levy execution against any property of Landlord nor any person or entity comprising Landlord other than the rents and its interest in the Building as herein expressly provided.

Appears in 1 contract

Sources: Lease (Fair Isaac & Company Inc)