Common use of Rights and Obligations of Lessor Clause in Contracts

Rights and Obligations of Lessor. If any of the rights and obligations of Lessor under this Lease are substantially and negatively affected by any changes in the laws applicable to this Lease, whether statutory, regulatory or under federal or state judicial precedent, then Lessor may require Lessee to enter into an amendment to this Lease to eliminate the negative effect on Lessor's rights and obligations to the extent reasonably possible.

Appears in 3 contracts

Sources: Industrial Lease, Lease Agreement, Lease Agreement