Common use of Nonrecourse Liability Clause in Contracts

Nonrecourse Liability. If Landlord fails to perform any of its obligations under this Lease and, as a consequence of such nonperformance, Xxxxxx recovers a money judgment against Landlord, such judgment shall be satisfied only out of Landlord’s interest in the Premises. Landlord shall have no liability whatsoever for any deficiency, and no other assets of Landlord shall be subject to levy, execution or other enforcement procedures as a result of such judgment. None of Landlord’s obligations under this Lease shall be subject to specific performance or injunctive remedies, and Tenant waives all rights with respect to such remedies. No officer, official, employee, agent or representative of Landlord, including, without limitation, any City Council member, shall be liable to Tenant or any Subtenant or successor-in-interest in the event of a default or breach by Landlord under this Lease.

Appears in 1 contract

Samples: Sublease Agreement

AutoNDA by SimpleDocs

Nonrecourse Liability. If Landlord fails to perform any of its obligations under this Lease and, as a consequence of such nonperformance, Xxxxxx Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of Landlord’s 's interest in the Premises. Landlord shall have no liability whatsoever for any deficiency, and no other assets of Landlord shall be subject to levy, execution or other enforcement procedures as a result of such judgment. None of Landlord’s 's obligations under this Lease shall be subject to specific performance or injunctive remedies, and Tenant waives all rights with respect to such remedies. No officer, official, employee, agent or representative of Landlord, including, without limitation, any City Council member, shall be liable to Tenant or any Subtenant or successor-in-interest in the event of a default or breach by Landlord under this Lease.

Appears in 1 contract

Samples: Sublease Agreement

Nonrecourse Liability. If Landlord fails to perform any of its obligations under this Lease and, as a consequence of such nonperformance, Xxxxxx Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of Landlord’s interest in the Premises. Landlord shall have no liability whatsoever for any deficiency, and no other assets of Landlord shall be subject to levy, execution or other enforcement procedures as a result of such judgment. None of Landlord’s obligations under this Lease shall be subject to specific performance or injunctive remedies, and Tenant waives all rights with respect to such remedies. No officer, official, employee, agent or representative of Landlord, including, without limitation, any City Council member, shall be liable to Tenant or any Subtenant or successor-in-interest in the event of a default or breach by Landlord under this Lease.

Appears in 1 contract

Samples: Sublease Agreement

AutoNDA by SimpleDocs

Nonrecourse Liability. If Landlord fails to perform any of its obligations under this Lease and, as a consequence of such nonperformance, Xxxxxx recovers a money judgment against Landlord, such judgment shall be satisfied only out of Landlord’s 's interest in the Premises. Landlord shall have no liability whatsoever for any deficiency, and no other assets of Landlord shall be subject to levy, execution or other enforcement procedures as a result of such judgment. None of Landlord’s 's obligations under this Lease shall be subject to specific performance or injunctive remedies, and Tenant waives all rights with respect to such remedies. No officer, official, employee, agent or representative of Landlord, including, without limitation, any City Council member, shall be liable to Tenant or any Subtenant or successor-in-interest in the event of a default or breach by Landlord under this Lease.

Appears in 1 contract

Samples: Sublease Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.