Agreement as to Modification Sample Clauses
The "Agreement as to Modification" clause establishes the conditions under which changes to the contract may be made. Typically, this clause requires that any amendments or modifications to the agreement must be documented in writing and signed by all parties involved, ensuring that verbal changes or informal understandings are not legally binding. Its core practical function is to prevent misunderstandings or disputes by ensuring that all parties clearly consent to and acknowledge any alterations to the original contract terms.
Agreement as to Modification. Lessee agrees at any time and from time to time upon not less than ten (10) days prior written request by Lessor, to execute, acknowledge and deliver to Lessor, and Lessor agrees at any time and from time to time, upon not less than ten (10) days prior written request by Lessee, to execute, acknowledge and deliver to Lessee a statement in writing certifying that this lease is unmodified and in full force and effect (or if there have been mutually agreed upon modifications that the same is in full force and effect, as modified, and stating the modifications), and the dates to which the fixed rent and other charges have been paid in advance, if any, and whether or not there is any existing default, other than on any existing mortgage, by Lessee with respect to any sums of money required to be paid by Lessee under the terms of this lease, or notice of default served by Lessor, it being intended that any such statement delivered pursuant to this paragraph may be relied upon by any prospective purchaser of the fee or leasehold estate or by any prospective or existing mortgagee or assignee of any mortgage upon the leasehold estate, or by any prospective assignee or subtenant of the leasehold estate. If any such certification by Lessor shall allege non-performance by Lessee, the nature and extent of such non-performance shall, insofar as actually known by Lessor, be summarized therein. In the event that either party shall fail to execute, acknowledge and deliver to the other each statement prior to the expiration of said ten (10) day period, it shall be conclusively presumed a certification that this lease is unmodified and in full force and effect, that all rental has been paid to date and that there is no existing default.