Common use of Limitations on Recourse Clause in Contracts

Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's estate and interest in the Properties for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, owner or partner (direct or indirect) in or of Lessor, or any director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's use of the Properties or any other liability of Lessor to Lessee, except to the extent expressly provided in Section 14.11(b) of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections 6.1 or 6.2.

Appears in 2 contracts

Samples: Lease Agreement (Wackenhut Corrections Corp), Lease Agreement (Wackenhut Corrections Corp)

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Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's estate and interest in the Properties for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, owner or partner (direct or indirect) in or of Lessor, or any director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's use of the Properties or any other liability of Lessor to Lessee, except EXCEPT to the extent expressly provided in Section 14.11(bSECTION 10.2(A) or 14.11(B) of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections SECTIONS 6.1 or OR 6.2.

Appears in 2 contracts

Samples: Lease Agreement (Aviation Sales Co), Lease Agreement (Tech Data Corp)

Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's estate and interest in the Properties for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, owner or partner (direct or indirect) in or of Lessor, or any director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's use of the Properties or any other liability of Lessor to Lessee, except to the extent expressly provided in Section 14.11(b) of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections 6.1 or 6.2.

Appears in 2 contracts

Samples: Lease Agreement (Healthsouth Corp), Lease Agreement (Healthsouth Corp)

Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's ’s estate and interest in the Properties for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, owner member, owner, or partner (direct or indirect) in or of Lessor, or any manager, director, officer, employee, beneficiary, beneficiary or Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's ’s use of the Properties or any other liability of Lessor to Lessee, except to the extent expressly provided in Section 14.11(b) 7.2 or 11.11 of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections 6.1 or 6.2.

Appears in 1 contract

Samples: Lease Agreement (Tech Data Corp)

Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's ’s estate and interest in the Properties for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, member, owner or partner (direct or indirect) in or of Lessor, or any manager, director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's ’s use of the Properties or any other liability of Lessor to Lessee, except to the extent expressly provided in Section 10.2 or 14.11(b) of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections 6.1 or 6.2.

Appears in 1 contract

Samples: Lease Agreement (Tech Data Corp)

Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's estate and interest in the Properties Property for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, owner or partner (direct or indirect) in or of Lessor, or any director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the Lessee's remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's use of the Properties Property or any other liability of Lessor to Lessee, except to the extent expressly provided in Section 14.11(b) of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections 6.1 or 6.2Article VI.

Appears in 1 contract

Samples: Lease (Borders Group Inc)

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Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's ’s estate and interest in the Properties for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, owner or partner (direct or indirect) in or of Lessor, or any director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's ’s use of the Properties or any other liability of Lessor to Lessee, except to the extent expressly provided in Section 14.11(b) of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections 6.1 or 6.2.

Appears in 1 contract

Samples: Lease Agreement (Healthsouth Corp)

Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's estate and interest in the Properties Trust Estate for the collection of any judgment requiring the payment of money by Lessor or Investor in the event of liability by LessorLessor or Investor, and no other property or assets of Lessor or Investor or any shareholder, owner or partner (direct or indirect) in or of LessorLessor or Investor, or any director, officer, employee, beneficiary, or Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the Lessee's remedies of Lessee under or with respect to this Lease, the relationship of Lessor or Investor and Lessee hereunder or Lessee's use of the Properties Equipment or any other liability of Lessor or Investor to Lessee, except to the extent expressly provided in Section 14.11(b) of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections 6.1 or 6.2.. [signature page follows]

Appears in 1 contract

Samples: Lease Agreement (Kansas City Power & Light Co)

Limitations on Recourse. Notwithstanding anything contained in this Lease to the contrary, Lessee agrees to look solely to Lessor's ’s estate and interest in the Properties for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any shareholder, owner member, owner, or partner (direct or indirect) in or of Lessor, or any manager, director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee's ’s use of the Properties or any other liability of Lessor to Lessee, except to the extent expressly provided in Section 14.11(b) 7.2 or 11.11 of the Participation Agreement. Nothing in this Section shall be interpreted so as to limit the terms of Sections 6.1 or 6.2.

Appears in 1 contract

Samples: Lease Agreement (Tech Data Corp)

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