Common use of Unforeseen Requirements Clause in Contracts

Unforeseen Requirements. The Parties acknowledge and agree that Tenant’s obligation under this Section 5.1 to comply with all present or future Laws is a material part of the bargained-for consideration under this Lease. Except as otherwise expressly set forth in Articles 9 and 10, as applicable: 5.1.1.1 Tenant’s obligation to comply with Laws shall include, without limitation, the obligation to make substantial or structural repairs and alterations to the Premises or the Improvements, regardless of, among other factors, the relationship of the cost of curative action to the Rent under this Lease, the length of the then remaining Term hereof, the relative benefit of the repairs to Tenant or Landlord, the degree to which curative action may interfere with Tenant’s use or enjoyment of the Premises, the likelihood that the Parties contemplated the particular Law involved, or the relationship between the Law involved and Tenant’s particular use of the Premises; 5.1.1.2 No occurrence or situation arising during the Term, nor any present or future Law, whether foreseen or unforeseen, and however extraordinary, shall relieve Tenant of its obligations hereunder, nor give Tenant any right to terminate this Lease in whole or in part or to otherwise seek redress against Landlord; and 5.1.1.3 Tenant waives any rights now or hereafter conferred upon it by any existing or future Law to terminate this Lease, to receive any abatement, diminution, reduction or suspension of payment of Rent, or to compel Landlord to make any repairs to comply with any such Laws, on account of any such occurrence or situation.

Appears in 1 contract

Sources: Ground Lease

Unforeseen Requirements. The Parties acknowledge and agree that Tenant’s 's obligation under this Section 5.1 7.1 to comply with all present or future Laws is a material part of the bargained-for consideration under this Lease. Except as otherwise expressly set forth in Articles 9 and 10, as applicable: 5.1.1.1 Tenant’s 's obligation to comply with Laws shall include, without limitation, the obligation to make substantial or structural repairs and alterations to the Premises or the Improvements, regardless of, among other factors, the relationship of the cost of curative action to the Rent under this Lease, the length of the then remaining Term hereof, the relative benefit of the repairs to Tenant or Landlord, the degree to which curative action may interfere with Tenant’s 's use or enjoyment of the Premises, the likelihood that the Parties contemplated the particular Law involved, or the relationship between the Law involved and Tenant’s 's particular use of the Premises; 5.1.1.2 No . Except as provided in Section 12 or 13, no occurrence or situation arising during the Term, nor any present or future Law, whether foreseen or unforeseen, and however extraordinary, shall relieve Tenant of its obligations hereunder, nor give Tenant any right to terminate this Lease in whole or in part or to otherwise seek redress against Landlord; and 5.1.1.3 . Tenant waives any rights now or hereafter conferred upon it by any existing or future Law to terminate this Lease, to receive any abatement, diminution, reduction or suspension of payment of Rent, or to compel Landlord to make any repairs to comply with any such Laws, on account of any such occurrence or situation, except to the extent provided in Section 13, or Sections 21.1 or 21.2.

Appears in 1 contract

Sources: Ground Lease