Common use of UST Clause in Contracts

UST. This Agreement is executed by certain general partners of UST, not individually, but solely on behalf of, and as the authorized nominee and agent for UST, and in consideration for entering into this Agreement, Prime hereby waives any rights to bring a cause of action against the individuals executing this Agreement on behalf of UST (except for any cause of action based upon lack of authority or fraud), and all persons dealing with UST must look solely to UST's assets for the enforcement of any claim against UST, and the obligations hereunder are not binding upon, nor shall resort be had to the private property of any of the trustees, officers, directors, employees or agents of UST.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Prime Group Realty Trust), Contribution Agreement (Prime Group Realty Trust)