Locks Clause Samples
A "Locks" clause establishes restrictions on certain actions or changes during a specified period, typically to maintain stability or protect interests in a contractual relationship. In practice, this may prevent parties from transferring shares, selling assets, or making significant business decisions without prior consent during the lock period. The core function of this clause is to ensure predictability and prevent disruptive changes, thereby safeguarding the interests of stakeholders during critical phases such as negotiations, mergers, or public offerings.
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Locks. 1) The landlord must not change locks or other means of access to residential property unless the landlord provides each tenant with new keys or other means of access to the residential property.
2) The landlord must not change locks or other means of access to a rental unit unless the tenant agrees and is given new keys.
3) The tenant must not change locks or other means of access to
a) common areas of residential property, unless the landlord consents to the change, or
b) his or her rental unit, unless the landlord consents in writing to, or an arbitrator has ordered, the change.
Locks. No additional locks shall be placed upon any doors of the Premises. Keys will be furnished to each door lock. At the termination of the lease, Lessee shall surrender all keys to the Premises whether paid for or not.
Locks. The Contractor agrees to install a Best lock keying system compatible with the Authority's system on all entrances to the Premises and mechanical room entrances, for police, security, fire protection and maintenance reasons.
Locks. No additional locks shall be placed upon any door/window, including doors within the unit without the written consent of the Landlord.
Locks. Tenant agrees to use and Tenant shall provide at Tenant's expense the type of lock on the storage space specified by Landlord. Tenant agrees to keep storage space locked when Tenant is not present at premises. If Landlord does not specify a type of lock, Tenant shall provide at Tenant's sole expense, a lock for the space which Tenant, in Tenant's sole discretion deems sufficient to secure the storage space. Landlord shall not be liable for loss or damage to property stored in the storage space resulting from the use, failure, destruction, tampering, cutting, drilling, fault, defect, or malfunction of any lock recommended by Landlord or purchased from Landlord. No bailment or higher level of liability is created by the recommendation or requirement of the Tenant to purchase a specific type or lock from the Landlord and the Landlord does not take care, custody, or control of the Tenant’s property due to the recommendation or requirement to purchase a lock from the Landlord. Landlord may, but is not required to, lock Tenant's storage space if it is found unlocked. Tenant may use only one (1) lock per storage space door and Landlord may remove any additional locks placed on storage space by Tenant. Locks placed by Landlord on a storage space for any reason will only be removed during the Landlord's normal office business hours. In the event such lock or security device is rendered ineffectual for its intended purpose from any cause, or the Space is rendered unsecure in any manner, Landlord may, at its sole option, take whatever measures are deemed reasonably necessary by Landlord to re-secure the access to Tenant’s Space. Landlord is not responsible for taking any measures or for notifying Tenant that the Space has become unsecure. The fact that Landlord has taken measures to re-secure the access to Tenant’s Space under this paragraph shall not alter the release of Landlord’s liability, nor shall such measures be deemed conversion of Tenant’s Property in the Space.
Locks. Locks can only be changed with the agreement of both the tenant and the landlord. They should be provided and maintained in a secure state by the landlord.
Locks. Lessee agrees not to change locks on any door or mailbox without first obtaining Lessor’s written permission. Having obtained written permission, Lessee agrees to pay for changing the locks and to provide Lessor with one duplicate key per lock.
Locks. Neither the tenant nor the landlord may change or add a lock or security device (for example, a door chain) to residential premises unless both agree, or unless ordered by an arbitrator. In an emergency, the landlord may change the lock on the main door of the residential property and the tenant may change a defective lock on the residential premises and promptly provide the other party with a copy of the new key.
Locks. 8.12.1 Not to install or change any locks in the Premises and not to procure the cutting of additional keys for the locks previously installed without the Landlord’s prior written consent, such consent not to be unreasonably withheld.
8.12.2 If, in breach of this Agreement, any additional keys are made the Tenant shall provide these to the Landlord together with all remaining original keys at the expiration or sooner termination of the Tenancy and in the event that any keys have been lost, pay to the Agent such charges as set out in the Agent’s published scale of fees.
8.12.3 If any lock is installed or changed in the Premises without the Landlord’s prior written consent, then to remove that lock if required by the Landlord and to make good any resulting damage.
8.12.4 Where due to any act or default by the Tenant it is reasonable for the Landlord to replace or change the locks in the Premises, the Tenant shall indemnify the Landlord for any reasonable costs that may be incurred.
Locks. Tenant shall not alter any lock or install any new additional locks or any bolts on any door of the Premises without the written consent of Landlord.