Common use of FEDERAL LEGALIZATION Clause in Contracts

FEDERAL LEGALIZATION. In the event of the federal legalization of the recreational use of cannabis in the United States, the monthly rent will be adjusted such that the amount due will be the amount listed in the column entitled “Rent if Reset” in the Rent Schedule attached as Exhibit 3 (the “Rent if Reset”).

Appears in 11 contracts

Samples: Lease Agreement (Millennium Investment & Acquisition Co Inc.), Lease Agreement (Power REIT), Lease Agreement (Power REIT)

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FEDERAL LEGALIZATION. In the event of the federal legalization of the recreational use of cannabis in the United States, the monthly rent Base Rent will be adjusted such that the amount due will be the amount listed in the column entitled “Rent if Reset” in the Rent Schedule attached as Exhibit 3 (the “Rent if Reset”).

Appears in 1 contract

Samples: Lease Agreement (Power REIT)

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FEDERAL LEGALIZATION. In the event of the federal legalization of the recreational use of cannabis in the United States, the monthly rent will be adjusted such that the amount due will be the amount listed in the column entitled “Rent if Reset” in the Rent Schedule attached as Exhibit 3 2 (the “Rent if Reset”).

Appears in 1 contract

Samples: Lease Agreement (Power REIT)

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