Additional Covenants or Exceptions Clause Samples
The "Additional Covenants or Exceptions" clause serves to outline any extra promises, obligations, or specific carve-outs that are not covered elsewhere in the agreement. This clause allows parties to include unique requirements, such as additional reporting duties, compliance with certain standards, or exceptions to general rules established in the contract. By explicitly stating these supplementary terms, the clause ensures that all special conditions are clearly documented, thereby reducing ambiguity and helping to prevent future disputes over unaddressed issues.
Additional Covenants or Exceptions. Intentionally blank.
Additional Covenants or Exceptions. The intent and agreement between parties is that this lease shall be a N-N-N** lease, that is, with lessee bearing all costs of operation and maintenance. Lessee agrees to have all of the outside weather sealed with "Olympic" typed applied no later than 9/15/2000. Lessee will also have gutters and downspouts cleaned within 60 days. Lessor will remove and/or replace certain trees at their own expense. **N-N-N means that Lessee pays real and personal property taxes and assessments, all insurance, including but not limited to liability and fire insurance with extended coverage including sprinkler leakage insurance and all repairs and maintenance and all other costs and expenses associated with ad related to the premises. The rights of assignment as set our in paragraph 6 of the Lease shall apply to any transfer of a controlling interest in Territorial Inns Management, that is, Lessee may not transfer, assign or dispose of the controlling interest in said corporation without the written consent of Lessor being first obtained in 6 writing. Lessee shall provide to Lessor proof of insurance coverage for all insurance required under this Lease on or before Dec. 20th of each year. Each insurance policy for which Lessee is responsible to pay shall contain a provision that the policy cannot be canceled by the insurance company without giving Lessor ten days written notice. ATTACHMENT, BANKRUPT, DEFAULT PROVIDED, ALWAYS, and these presents are upon these conditions, that (1) if the lessee shall be in arrears in the payment of rent for a period of ten days after the same becomes due, or (2) if the lessee shall fail or neglect to perform or observe any of the covenants and agreements contained herein on lessee's part to be done, kept, performed and observed and such default shall continue for ten days or more after written notice of such failure or neglect shall be given to lessee, or (3) if the lessee shall be declared bankrupt or insolvent according to law, or (4) if any assignment of lessee's property should be made for the benefit of credit, or (5) if on the expiration of this lease lessee fails to surrender possession of the premises, the lessor or those having lessor's estate in the premises, may terminate this lease and, lawfully, at lessor's option immediately or at any time thereafter, without demand or notice, enter into and upon the premises and every part thereof and reposes the same, and expel lessee and those claiming by, through and under lessee and remov...