Common use of Tenant’s Remedy Clause in Contracts

Tenant’s Remedy. If, as a consequence of a Default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises and out of rent or other income from the Premises received by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the Premises, and neither Landlord nor Landlord’s Agents shall be liable for any deficiency.

Appears in 3 contracts

Samples: Multi Tenant Office Lease (International Stem Cell CORP), Lease (IGM Biosciences, Inc.), Lease (IGM Biosciences, Inc.)

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Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Property and out of rent Rent or other income from the Premises Property received by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the PremisesProperty, and neither Landlord nor Landlord’s 's Agents shall be liable for any deficiency.

Appears in 3 contracts

Samples: Media Arts Group Inc, Media Arts Group Inc, Media Arts Group Inc

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises and out of rent Rent or other income from the Premises received such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the Premises, and neither Landlord nor Landlord’s Agents its agents shall be liable for any deficiency.

Appears in 3 contracts

Samples: Lease (Fogdog Inc), Lease (Ampex Corp /De/), Ampex Corp /De/

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Building and out of rent Rent or other income from the Premises received such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the PremisesBuilding, and neither Landlord nor Landlord’s Agents its agents shall be liable for any deficiency.

Appears in 2 contracts

Samples: Lease (VirnetX Holding Corp), Lease (Pasw Inc)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Property and out of rent or other income from the Premises Property received by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or and interest in the PremisesProperty, and neither Landlord nor Landlord’s Agents agent, employees, directors, or other members shall be liable for any deficiency.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Go Daddy Group, Inc.), Lease (Go Daddy Group, Inc.)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises and out of rent Rent or other income from the Premises such property received by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the Premises, and neither Landlord nor Landlord’s 's Agents shall be liable for any deficiency.

Appears in 1 contract

Samples: Lease (Artisan Components Inc)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Property and out of rent or other income from the Premises Property received by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or and interest in the PremisesProperty, and neither Landlord nor Landlord’s Agents agent, employees, directors, or other members shall be liable for any deficiency. 32.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only from insurance and/or out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises and out of rent Rent or other income from the Premises received such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the Premises, and neither Landlord nor Landlord’s its Agents shall be liable for any deficiency.

Appears in 1 contract

Samples: Assignment of Lease (Oni Systems Corp)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Building and out of rent Rent or other income from the Premises such property received by Landlord or out of consideration received by Landlord from the sale or other other, disposition of all or any part of Landlord’s 's right, title or interest in the PremisesBuilding, and neither Landlord nor Landlord’s its Agents shall be liable for any deficiency.

Appears in 1 contract

Samples: Lease (Cruel World Inc)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises and out of rent Rent or other income from the Premises such property received by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the Premises, and neither Landlord nor Landlord’s its Agents shall be liable for any deficiency.

Appears in 1 contract

Samples: Lease (Storage Dimensions Inc)

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Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Property and out of rent Rent or other income from the Premises received by Landlord from the Property or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the PremisesProperty, and neither Landlord nor Landlord’s its Agents shall be liable for any deficiency. Landlord and Tenant have executed and delivered this Lease as of the date first hereinabove set forth.

Appears in 1 contract

Samples: Lease Agreement (Silicon Image Inc)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises and out of rent Rent, insurance proceeds, or other income from the Premises such property received by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the Premises, and neither Landlord nor Landlord’s 's Agents shall be liable for any deficiency.

Appears in 1 contract

Samples: Lease (C Cube Microsystems Inc)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Property and out of rent Rent or other income from the Premises received by Landlord from the Property or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the PremisesProperty or out of insurance proceeds received by Landlord from any damage to or destruction of the Property, and neither Landlord nor Landlord’s Agents shall be liable have no personal liability for any deficiency.

Appears in 1 contract

Samples: Lease Agreement (Silicon Graphics Inc)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Property and out of rent Rent or other income from the Premises Property received by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title or interest in the Premises, and neither Landlord nor Landlord’s its Agents shall be liable for any deficiency.

Appears in 1 contract

Samples: Lease (Vocera Communications, Inc.)

Tenant’s Remedy. If, as a consequence of a Default default by Landlord under this Lease, Tenant recovers a money judgment against Landlord, such judgment shall be satisfied only out of the proceeds of sale received upon execution of such judgment and levied thereon against the right, title and interest of Landlord in the Premises Building and out of rent Rent or other income from the Premises received such property receivable by Landlord or out of consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s 's right, title or interest in the PremisesBuilding, and neither Landlord nor Landlord’s Agents its agents shall be liable for any deficiency.

Appears in 1 contract

Samples: Office Lease (Shrena Software Inc)

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