Fair Condition Clause Samples

A Fair Condition clause ensures that both parties to an agreement are treated equitably regarding the terms and obligations set forth. In practice, this clause may require that neither party imposes unreasonable demands or conditions on the other, and that any requirements or standards are reasonable and balanced. Its core function is to prevent one-sidedness in contractual relationships, promoting fairness and reducing the risk of disputes arising from perceived inequities.
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Fair Condition. To be found in working condition but may require immediate or short-term repairs above the de minimis threshold of not evidencing a material physical deficiency (ASTM E2018-15).
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Related to Fair Condition

  • Air Conditioning If the Apartment has been provided with a ledge for split air conditioning system with suitable provision for keeping outdoor units of the AC system and also the route to take refrigerant piping, which the Allottee shall have to strictly follow while installing AC units

  • Fair Consideration The consideration received by the Company upon the sale of the Mortgage Loans under this Agreement constitutes fair consideration and reasonably equivalent value of the Mortgage Loans.

  • Understanding, Fair Construction By execution of this Addendum, the parties acknowledge that they have read and understood each provision, term and obligation contained in this Addendum. This Addendum, although drawn by one party, shall be construed fairly and reasonably and not more strictly against the drafting party than the nondrafting party.

  • Heating and Air Conditioning ▇▇▇▇▇▇ agrees to furnish to Lessee heating and air conditioning equipment and maintain same in satisfactory operating condition at all times for the Premises during the term of the Lease at the expense of Lessor. ▇▇▇▇▇▇ agrees that thermostats in the Premises will be set to maintain an average zone temperature of 75 degrees Fahrenheit during the heating and cooling seasons.

  • FAIR CONSTRUCTION & INTERPRETATION The provisions of this Contract shall be construed as a whole according to their common meaning and not strictly for or against any party and consistent with the provisions contained herein in order to achieve the objectives and purposes of this Contract. Each party hereto and its counsel has reviewed and revised this Contract and agrees that the normal rules of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be construed in the interpretation of this Contract. Each term and provision of this Contract to be performed by either party shall be construed to be both a covenant and a condition.