Common use of EFFECT OF WAIVERS Clause in Contracts

EFFECT OF WAIVERS. Each of Landlord and Tenant hereby waives the benefits of California Civil Code Section 1542, which provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”

Appears in 3 contracts

Samples: Master Land and Building Lease (Getty Realty Corp /Md/), Master Land and Building Lease (Getty Realty Corp /Md/), Master Land and Building Lease (Getty Realty Corp /Md/)

AutoNDA by SimpleDocs

EFFECT OF WAIVERS. Each of Landlord and With respect to the release set forth in Section 9.03, Tenant hereby waives waives, to the fullest extent permitted by Law, the benefits of California Civil Code Section 1542, which provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”

Appears in 1 contract

Samples: Master Land and Building Lease (Forterra, Inc.)

AutoNDA by SimpleDocs

EFFECT OF WAIVERS. Each of Landlord and Tenant hereby waives waives, to the fullest extent permitted by Law, the benefits of California Civil Code Section 1542, which provides as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”

Appears in 1 contract

Samples: Purchase Agreement (Supervalu Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!