Common use of GAP Clause in Contracts

GAP. There are no matters pending against Landlord that could give rise to a lien that would attach to the Premises between (a) the effective date of the commitment to insure title issued by Chicago Title Insurance Company committing to insure the leasehold estate in the Premises to Tenant, and (b) the recording of the aforestated Memorandum of this Lease; and Landlord has not and will not execute any instrument during such period that would adversely affect the title or interest to be acquired by Tenant and insured by Chicago Title Insurance Company.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement