To grant the Leases Clause Samples
To grant the Leases. (a) Subject to the provisions of this Clause 13 and Clause 14, the Landlord shall grant each of the Leases with full title guarantee, and the Tenant shall accept and execute a counterpart of each of the Leases for the respective Terms (as defined in each Lease). Clauses 13 to 16 shall apply to the completion of each of the Leases, mutatis mutandis.
(b) Notwithstanding that the Site has not been selected and acquired by Landlord or that the Building has not been designed as of the effective date of this Agreement, Landlord and Tenant each acknowledges and agrees that: (i) it is experienced in transactions of this nature; and (ii) it waives any and all claims of, or related to: (A) an insufficient description of: (1) the Site, the Building, or the Premises, including, without limitation, any and all claims under any applicable statute of frauds; (2) the exact amount of Critical Load Power to be available to each Premises; or (3) the Quarterly Recurring Charges or any other Rent payable by Tenant hereunder and under the Leases; or (B) a failure by Landlord and Tenant to agree in this Agreement on any other material term regarding the form of lease to be used by the parties for Tenant's lease of the Phases, as shall hereafter be set forth in each Lease. The parties agree that if modifications of this Agreement or any Lease (or the preparation of additional documents) are necessary in order to cause the terms of this Agreement (and/or any Lease) to have their intended, enforceable and valid effect, the parties will act reasonably and in good faith to cause the additional and/or further documentation and/or agreements to become effective by and between them if, as, and when reasonably necessary.
