Common use of Independent Agreements Clause in Contracts

Independent Agreements. Landlord acknowledges that this is one of four commercial leases made and entered into this date by Landlord and Tenant, and agrees that each Lease is a separate and independent agreement, and that the provisions of each lease may be exercised by Tenant, including specifically its option to renew, independently and without regard to the exercise of the provisions in any other lease. Further, Landlord agrees that the default of Tenant as to the terms and conditions of one lease, shall in no way affect Tenant's rights to exercise or not exercise its options pursuant to those other leases executed between the parties, for which it is not in default.

Independent Agreements. (a) Landlord acknowledges that this is one of four two commercial leases made and entered into this date by Landlord and Tenant, and agrees that each Lease is a separate and independent agreement, and that the provisions of each lease may be exercised by Landlord and Tenant, including specifically its option to renew, independently and without regard to the exercise of the provisions in any other lease. Further, Landlord agrees that the default of Tenant as to the terms and conditions of one lease, shall in no way affect Tenant's rights to exercise or not exercise its options pursuant to those other leases executed between the parties, for which it is not in default.