Common use of Liability of Licensor Clause in Contracts

Liability of Licensor. If Licensor is found by a court of law to have failed to perform its obligations in accordance with any of the provisions of this Agreement, any money judgment resulting from such failure shall be satisfied only out of Licensor’s interest in the Premises, and Licensor, Manager, and their respective directors, employees, agents or principals, shall have no personal liability hereunder. Furthermore, none of the foregoing parties shall be subject to levy, attachment, or execution, or otherwise sued to satisfy any such judgment. Licensee hereby waives any right to satisfy a judgment against Licensor except from Licensor’s interest in the Premises. The term “Licensor”, as used in this paragraph, shall mean only the Licensor at the time in question of the fee title or interest in a ground lease of the Premises, and in the event of any transfer of such title or interest, Licensor herein named (and in case of any subsequent transfers, the then grantor) shall be relieved from and after the date of such transfer of all liability with respect to Licensor’s obligations thereafter to be performed.

Liability of Licensor. If Licensor and/or any other Licensor Related Party is found by a court of law to have failed to perform its obligations in accordance with any of the provisions of this AgreementAgreement or in connection with this Agreement for any reason, any money judgment resulting from such failure shall be satisfied only out of Licensor’s interest in the Premises, and Licensor, Manager, and their respective directors, employees, agents or principalsLicensor Related Parties, shall have no personal liability hereunder. Furthermore, none of the foregoing parties shall be subject to levy, attachment, or execution, or otherwise sued to satisfy any such judgment. Licensee hereby waives any right to satisfy a judgment against Licensor except from Licensor’s interest in the Premises. The term “Licensor”, as used in this paragraph, shall mean only the Licensor at the time in question of the fee title or interest in a ground lease of the Premises, and in the event of any transfer of such title or interest, Licensor herein named (and in case of any subsequent transfers, the then grantor) shall be relieved from and after the date of such transfer of all liability with respect to Licensor’s obligations thereafter to be performed.