Common use of ALLOCATION OF INCOME AND EXPENSES Clause in Contracts

ALLOCATION OF INCOME AND EXPENSES. This is an absolute, pure net lease; and, except as otherwise expressly provided in this Lease, LESSEE shall have and hereby assumes all duties and obligations with relation to the repair, maintenance, existence and operation of the Leased Premises and all other improvements or fixtures now or hereafter located during the Term of this Lease, irrespective of law or custom.