Common use of Clause I Clause in Contracts

Clause I. The Tenant hereby solemnly states and undertakes to waive the first refusal upon the Premises, the Lessor may sell or transfer the Premises to any third party without asking for the Tenant’s consent; in case that the Lessor sells or transfers the Premises within the validity term of the Contract, it shall state in the sale or transfer contract that the assignee of the Premises shall assume and continue to perform the Contract, and the Tenant agrees that such assignee shall be the sole party to exercise and perform all rights and obligations of the Lessor hereunder. Clause II: When the Tenant commits a breach of the Contract after the Lessor has received rent, such receipt of rent payment shall not be deemed as the Lessor’s waiver of the right to hold the Tenant liable for the breach. The Lessor’s waiver of any right hereunder shall be executed in writing by the Lessor. The Tenant’s payment of rent or other amounts below the contracted amounts or the Lessor’s acceptance of rent or other payment in a deficient amount shall not be deemed as the Lessor’s consent to the Tenant’s payment deficiency, nor shall it impair the Lessor’s right to pursue the overdue rent and amounts or to take other measures permitted by Chinese laws.