Conditions of Limitation Clause Samples
The "Conditions of Limitation" clause defines specific circumstances or events that restrict or limit the rights, obligations, or duration of an agreement or legal relationship. In practice, this clause may specify that certain rights only exist as long as particular conditions are met, such as a lease remaining valid only while the tenant complies with all terms, or a contract terminating automatically upon the occurrence of a defined event. Its core practical function is to provide clear boundaries and triggers for the continuation or cessation of contractual rights, thereby managing risk and ensuring all parties understand the limits of their obligations.
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Conditions of Limitation. This Lease and the term and estate hereby granted are subject to the limitation that:
(a) in case Tenant shall make an assignment of its property for the benefit of creditors or shall file a voluntary petition under any bankruptcy or insolvency law, or an involuntary petition under any bankruptcy or insolvency law shall be filed against Tenant and such involuntary petition is not dismissed within 60 days after the filing thereof,
(b) in case a petition is filed by or against Tenant under the Reorganization provisions of the United States Bankruptcy Act or under the provisions of any law of like import, unless such petitioner under said Reorganization provisions be one filed against Tenant which is dismissed within 60 days after its filing,
(c) in case Tenant shall file a petition under the Arrangement provisions of the United States Bankruptcy Act or under the provisions of any law of like import,
(d) in case a permanent receiver, trustee or liquidator shall be appointed for Tenant or of or for the property of Tenant, and such receiver, trustee or liquidator shall not have been discharged within 60 days from the date of his appointment,
(e) in case Tenant shall default in the payment of any fixed rent or additional rent or any other sum or charge payable hereunder by Tenant to Landlord on any date upon which the same becomes due,
(f) in case Tenant shall default in the due keeping, observing or performance of any covenant, agreement, term, provision or condition of this Lease on the part of Tenant to be kept, observed or performed (other than a default of the character referred to in subparagraph (e) of this Article 16), and if such default shall continue and shall not be remedied by Tenant within 10 days after Landlord shall have given to Tenant a written notice specifying the same, or, in the case of such a default which for causes beyond Tenant's control cannot with due diligence be cured within said period of 10 days, if Tenant (i) shall not, promptly upon the giving of such notice, advise Landlord in writing of Tenant's intention to duly institute all steps necessary to remedy such default, (ii) shall not duly institute and thereafter diligently prosecute to completion all steps necessary to remedy the same, or (iii) shall not remedy the same within a reasonable time after the date of the giving of said notice by Landlord,
(g) in case any event shall occur or any contingency shall arise whereby this Lease or the estate hereby granted or the unexpired ...
Conditions of Limitation. 33 25 Re-Entry by Landlord ......................................... 35 26 Damages ...................................................... 36 27 Waivers ...................................................... 38 28 No Other Waivers or Modifications ............................ 38 29 Curing Tenant's Defaults ..................................... 39 30 Broker ....................................................... 40 31 Notices ...................................................... 40
Conditions of Limitation. Re-Entry by Landlord.......................................... 31 26 Damages....................................................... 32
Conditions of Limitation. 73 ARTICLE 26 Re-Entry By Landlord .................................................. 74 ARTICLE 27 Damages ............................................................... 75
Conditions of Limitation. 30 ARTICLE 26 - RE-ENTRY BY LANDLORD................................. 31 ARTICLE 27 - DAMAGES.............................................. 32
Conditions of Limitation. 39 Article 17 Re-entry by Landlord, Injunction ........................ 41 Article 18 Damages ................................................. 42 Article 19 Landlord's Right to Perform Tenant's Obligations ........ 44 Article 20
Conditions of Limitation. 33 26 - RE-ENTRY BY LANDLORD....................................................34 27 - DAMAGES.................................................................35
Conditions of Limitation. This Lease and the term and estate hereby granted are subject to the limitation that:
Conditions of Limitation. ARTICLE 20. RE-ENTRY BY LANDLORD ARTICLE 21. DAMAGES ARTICLE 22. WAIVER BY TRIAL BY JURY ARTICLE 23. NO WAIVERS ARTICLE 24.
Conditions of Limitation. ARTICLE 15....................................................................18 Re-entry by Landlord; Remedies ARTICLE 16....................................................................19 Curing Tenant's Defaults; Fees and Expenses