Inconsistency; Capitalized Terms Clause Samples
The "Inconsistency; Capitalized Terms" clause defines how to resolve conflicts between different provisions in a contract and clarifies the meaning of capitalized terms. Typically, it establishes a hierarchy among documents or sections, specifying which terms take precedence if inconsistencies arise, and states that capitalized terms have the meanings assigned to them within the agreement. This clause ensures that ambiguities are minimized and that all parties have a clear understanding of key terms, thereby reducing the risk of disputes over interpretation.
Inconsistency; Capitalized Terms. In the event of any conflict between the terms of this Mortgage and the Loan Agreement, the terms and conditions of the Loan Agreement shall govern and control. All capitalized terms used herein without definition shall have the same meanings given to such terms in the Loan Agreement.