Common use of E XECUTION Clause in Contracts

E XECUTION. As of the Effective Date, Principal Guest(s), jointly and severally, and Agent (as agent for Owner) agree to all of the terms and conditions of this Rental Agreement and acknowledge that any violation of any term or condition, or any of the rules described in Section 12, constitutes grounds for Agent, with or without notice, to cancel this Rental Agreement, in which case, Agent immediately shall be deemed to have earned the Total Rent. Agent and each Principal Guest, each for itself, agrees that before signing, (a) it had a full and fair opportunity to consult with its independent legal, tax and other advisors; (b) it has read, considered and understands this Rental Agreement; and (c) that each person has the right and all authority necessary to agree to the terms of this Rental Agreement.