Confirmation Memorandum Clause Samples
A Confirmation Memorandum clause establishes the requirement for a written document that formally records the key terms and conditions agreed upon by the parties, typically following negotiations or the execution of a transaction. This memorandum serves as an official summary, often detailing specifics such as pricing, deliverables, timelines, or other critical obligations, and is usually signed or acknowledged by both parties to confirm mutual understanding. Its core practical function is to ensure clarity and prevent disputes by providing a clear, written record of the agreement's essential elements.
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Confirmation Memorandum. On or about the Rent Commencement Date for each Phase, Landlord shall prepare and Landlord and Tenant shall each promptly execute, acknowledge and deliver to one another a memorandum in form substantially as set forth in "Exhibit B" hereto, confirming the information set forth in such form (the "Confirmation Memorandum").
Confirmation Memorandum. Following the Commencement Date (and, if applicable, the 12th Floor Commencement Date), Landlord and Tenant shall promptly execute and acknowledge a memorandum in form substantially as set forth in Exhibit "F" hereto, containing the information set forth in said Exhibit (the "Confirmation Memorandum"), including without limitation the Commencement Date (and, if applicable, the 12th Floor Commencement Date) and the Notice Cut-Off Date (as such term is defined in Paragraph 1(d) of the Lease). No failure of either party to execute the Confirmation Memorandum shall be deemed to modify any of the rights of the parties hereto, all of which shall remain in full force and effect notwithstanding any such failure.