Common use of Liability of Authority Clause in Contracts

Liability of Authority. Notwithstanding any provision of this Ground Lease to the contrary, the obligations of the Authority under this Ground Lease are not general obligations of the Authority, but are limited obligations payable solely from payments of Basic Rent and Additional Rent, if any. No director or officer of the Authority shall be personally liable on the Authority’s obligations hereunder.

Appears in 3 contracts

Sources: Ground Lease, Ground Lease, Ground Lease