Common use of CHANGED CONDITION Clause in Contracts

CHANGED CONDITION. On the rare occasion when the lake levels change between the date of this lease and the time of occupancy so that the Slip can no longer accommodate the vessel, Lessee shall notify the Lessor and the Lessor shall have 30 days following notice to correct the depth. Thereafter, if the depth cannot be corrected, this Lease shall be null and void ab initio. Should this lease terminate as a result, Lessor shall forthwith refund all funds paid by the Lessee with the exception of those fees assessed by Moorings for processing this lease Agreement.