Exemption Clause. Party A and Party B agree that during the lease term, this Agreement shall be terminated under any of the following circumstances, and both parties shall not bear any responsibilities: 16.1 The land use right within the occupied area of the Leased Unit is recovered in advance according to law; 16.2 The Leased Unit is requisitioned according to law for social and public interests; 16.3 The Leased Unit is included in the scope of house demolition permit according to law due to the needs of urban construction; 16.4 The Leased Unit is damaged, lost or identified as a dangerous house; 16.5 In case of force majeure, such as earthquake, flood and other unforeseeable, unavoidable and insurmountable objective conditions, the Agreement can not be fulfilled or cannot be fulfilled on schedule; 16.6 Other cases as specified in laws and regulations.
Appears in 2 contracts
Sources: Supplementary Agreement to Lease Contract (Loha Co. Ltd.), Supplementary Agreement to Lease Contract (Loha Co. Ltd.)