Common use of Limitation on Recovery Clause in Contracts

Limitation on Recovery. Lessee specifically agrees to look solely to Lessor's interest in the Leased Properties for recovery of any judgment from Lessor, it being specifically agreed that no constituent shareholder, officer or director of Lessor shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Lessee. Furthermore, Lessor (original or successor) shall never be liable to Lessee for any indirect, consequential, special or punitive damages suffered by Lessee from whatever cause.

Appears in 4 contracts

Samples: Credit Agreement (Williams Companies Inc), Agreement of Purchase and Sale (Williams Companies Inc), Master Lease (Williams Companies Inc)

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Limitation on Recovery. Lessee specifically agrees to look solely to Lessor's ’s interest in the Leased Properties covered by this Master Lease for recovery of any judgment from Lessor, it being specifically agreed that no constituent shareholder, member, manager, officer or director of Lessor shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Lessee. Furthermore, Lessor (original or successor) shall never be liable to Lessee for any indirect, consequential, special indirect or punitive consequential damages suffered by Lessee from whatever cause.

Appears in 2 contracts

Samples: Master Lease Agreement (Omega Healthcare Investors Inc), Master Lease (Sun Healthcare Group Inc)

Limitation on Recovery. Lessee specifically agrees to look solely to Lessor's ’s interest in the Leased Properties covered by this Master Lease for recovery of any judgment from LessorLessor or Omega, it being specifically agreed that no constituent shareholder, member, manager, officer or director of Lessor shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Lessee. Furthermore, neither Lessor (original or successor) nor Omega shall never ever be liable to Lessee for any indirect, consequential, special indirect or punitive consequential damages suffered by Lessee from whatever cause.

Appears in 2 contracts

Samples: Master Lease Agreement (Sun Healthcare Group Inc), Master Lease Agreement (Omega Healthcare Investors Inc)

Limitation on Recovery. Lessee specifically agrees to look solely to Lessor's interest in the Leased Properties covered by this Master Lease for recovery of any judgment from Lessor, it being specifically agreed that no constituent shareholder, officer or director of Lessor shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Lessee. Furthermore, Lessor (original or successor) shall never be liable to Lessee for any indirect, consequential, special indirect or punitive consequential damages suffered by Lessee from whatever cause.

Appears in 1 contract

Samples: Master Lease Agreement (Sun Healthcare Group Inc)

Limitation on Recovery. Lessee specifically agrees to look solely to Lessor's ’s interest in the Leased Properties for recovery of any judgment from Lessor, it being specifically agreed that no constituent shareholder, officer or director of Lessor shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Lessee. Furthermore, Lessor (original or successor) shall never be liable to Lessee for any indirect, consequential, special indirect or punitive consequential damages suffered by Lessee from whatever cause.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

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Limitation on Recovery. Lessee specifically agrees to look solely to Lessor's interest in the Leased Properties for recovery of any judgment from Lessor, it being specifically agreed that no constituent shareholder, officer or director of Lessor shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Lessee. Furthermore, Lessor (original or successor) shall never be liable to Lessee for any indirect, consequential, special indirect or punitive consequential damages suffered by Lessee from whatever cause.

Appears in 1 contract

Samples: Kansas Master Lease (Alterra Healthcare Corp)

Limitation on Recovery. Lessee specifically agrees to look solely to ---------------------- Lessor's interest in the Leased Properties Property for recovery of any judgment from Lessor, it being specifically agreed that no constituent shareholder, officer or director of Lessor shall ever be personally liable for any such judgment or for the payment of any monetary obligation to Lessee. Furthermore, Lessor (original or successor) shall never be liable to Lessee for any indirect, consequential, special indirect or punitive consequential damages suffered by Lessee from whatever cause.. 36.1.3

Appears in 1 contract

Samples: Operations Transfer Agreement (Emeritus Corp\wa\)

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