SATISFACTION OF JUDGMENT Clause Samples

SATISFACTION OF JUDGMENT. The respective obligations of Landlord and Tenant do not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or Tenant, respectively or their constituent partners. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only from the interest of Landlord in the Project and out of the rent or other income from 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 Project and no action for any deficiency may be sought or obtained by Tenant. The provisions of the foregoing sentence shall not apply, however, to: (i) proceeds from insurance coverage required of Landlord pursuant to Section 10.2 of this Lease, (ii) Landlord’s obligation to carry insurance coverage pursuant to Section 10.2 to the extent that Landlord elects to “self-insure” such coverage, and (iii) Landlord’s obligation to fund the Access Control Allowance, the Floor Surface Allowance and/or the Landlord’s Contribution (as defined in the Work Letter) pursuant to the applicable provisions of this Lease.

SATISFACTION OF JUDGMENT. The obligations of Sublandlord do not constitute the personal obligations of the individual partners, trustees, directors, officers, members or shareholders of Sublandlord or any of the Sublandlord Parties. Should Subtenant recover a money judgment against Sublandlord, such judgment shall be satisfied only from the interest of Sublandlord in the Premises and out of the rent or other income from such property receivable by Sublandlord, and no action for any deficiency may be sought or obtained by Subtenant.

SATISFACTION OF JUDGMENT. The obligations of Landlord do not constitute the personal obligations of the individual partners, trustees, directors, officers, members or shareholders of Landlord or its constituent partners or members. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only from the interest of Landlord in the Project and out of the rent or other income from such property receivable by Landlord, and no action for any deficiency may be sought or obtained by Tenant.

SATISFACTION OF JUDGMENT. Within twenty-four (24) hours after receipt by Tech Data of the Settlement Amount, Tech Data shall file in the California Action an Acknowledgement of Satisfaction of Judgment, Full, in substantially the form attached as Exhibit “1” hereto (the “Satisfaction of Judgment”). Tech Data shall serve a copy of the Satisfaction of Judgment on Sysorex and provide forthwith to Sysorex, through counsel, (i) a courtesy conformed copy of the filed Satisfaction of Judgment by electronic mail and (ii) three original notarized copies of the Satisfaction of Judgment by overnight or express delivery. After receipt of the Settlement Amount, Tech Data shall take no further action against Sysorex in connection with or relating to the California Judgment, the California Action and/or the Virginia Domesticated Judgment, including but not limited to, any enforcement or collection activities and shall cease any such activities to the extent already commenced. Tech Data represents and warrants to Sysorex that it has not domesticated the California Judgment in any other jurisdiction and shall not do so henceforth. Tech Data further represents and warrants to Sysorex that it has not filed or recorded the California Judgment or the Virginia Domesticated Judgment in any real property records, with any secretary of state or other governmental unit for the purpose of enforcing of the California Judgment and/or Virginia Domesticated Judgment.

SATISFACTION OF JUDGMENT. Once the Judgment is satisfied in full, Plaintiff shall immediately file a Satisfaction of Judgment with the Court and serve on counsel for Defendants in accordance with the Code of Civil Procedure.

SATISFACTION OF JUDGMENT. The United States will file a satisfaction of judgment in this case once the Defendant pays the Judgment Amount in full or complies with 15 paragraph 8F, above, whichever occurs first.

SATISFACTION OF JUDGMENT. The obligations of Landlord do not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or its constituent partners. Should Tenant recover 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 Project and out of the rent or other income from 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 Project and no action for any deficiency may be sought or obtained by Tenant.

SATISFACTION OF JUDGMENT. The obligations of Landlord do, not constitute the personal obligations of the individual partners, trustees, directors, officers or shareholders of Landlord or its constituent partners. Should Tenant recover 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 Building and/or the Site. and out of the rent or other income from 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 Building and/or the Site, and no action for any deficiency may be sought or obtained by Tenant.

SATISFACTION OF JUDGMENT. The obligations of Landlord do not constitute the personal obligations of the individual partners, trustees, directors, officers, members or shareholders of Landlord or its constituent partners or members. Should Tenant recover a money judgment against Landlord, such judgment shall be satisfied only from the interest of Landlord in the Building and out of the rent or other income from 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 Building, insurance policy proceeds and/or award in eminent domain attributable to Landlord’s interest in the property and no action for any deficiency may be sought or obtained by Tenant.