Consideration for and Scope of Waiver Clause Samples
The 'Consideration for and Scope of Waiver' clause defines the value or benefit exchanged to make a waiver legally binding and specifies exactly which rights or obligations are being relinquished. In practice, this clause clarifies what the party giving the waiver receives in return—such as a payment, service, or other benefit—and outlines the precise extent of the waiver, indicating whether it applies to specific actions, claims, or time periods. Its core function is to ensure that both parties clearly understand the terms and limits of the waiver, thereby preventing future disputes about what has been waived and under what circumstances.
Consideration for and Scope of Waiver. The provisions of subparagraph 2(B) have been negotiated by BNPPLC and NAI as being consistent with the Rent payable under this Lease, and such provisions are intended to be a complete exclusion and negation of any representations or warranties of BNPPLC or other Interested Parties, express or implied, with respect to the Property that may arise pursuant to any law now or hereafter in effect or otherwise, except as expressly set forth herein. However, such exclusion of representations and warranties by BNPPLC is not intended to impair any representations or warranties made by other parties, including any architects, engineers or contractors engaged to work on the Construction Project, the benefit of which may pass to NAI during the Term because of the definition of Personal Property and Property above.
Consideration for and Scope of Waiver. The provisions of subparagraph 2(B) have been negotiated by BNPPLC and ChoicePoint as being consistent with the Rent payable under this Lease, and such provisions are intended to be a complete exclusion and negation of any representations or warranties of BNPPLC, of the Participants and of the Affiliates of BNPPLC and the Participants, express or implied, with respect to the Property that may arise pursuant to any law now or hereafter in effect or otherwise, except as expressly set forth herein.
Consideration for and Scope of Waiver. The provisions of ------------------------------------- subparagraph 2.
Consideration for and Scope of Waiver. The provisions of subparagraph 2(B) have been negotiated by BNPPLC and NAI as being consistent with the Rent payable under this Lease, and such provisions are intended to be a complete exclusion and negation of any representations or warranties of BNPPLC or other Interested Parties, express or implied, with respect to the Property that may arise pursuant to any law now or hereafter in effect or otherwise, except as expressly set forth herein. However, such exclusion of representations and warranties by BNPPLC is not intended to impair any representations or warranties made by other parties, including the Prior Owner, the benefit of which may pass to NAI during the Term because of the definition of Personal Property and Property above.
Consideration for and Scope of Waiver. The provisions of subparagraph 8(b) above have been negotiated by the Landlord and Tenant after due consideration for the Rent payable hereunder and are intended to be a complete exclusion and negation of any representations or warranties of the Landlord, express or implied, with respect to the Leased Property that may arise pursuant to any law now or hereafter in effect, or otherwise. However, such exclusion of representations and warranties by Landlord is not intended to impair any representations or warranties made by other parties, including Seller, the benefit of which may pass to Tenant during the Term because of the definition of Personal Property and Leased Property above.
Consideration for and Scope of Waiver. The provisions of subparagraph 2(b) above have been negotiated by BNPLC and NAI after due consideration for the Rent payable hereunder and are intended to be a complete exclusion and negation of any representations or warranties of BNPLC or its Affiliates, express or implied, with respect to the Property that may arise pursuant to any law now or hereafter in effect or otherwise, except as expressly set forth herein. However, such exclusion of representations and warranties by BNPLC is not intended to impair any representations or warranties made by other parties, the benefit of which may pass to NAI during the Term because of the definition of Personal Property and Property above.