Examples of Garage Lease in a sentence
All rentals payable under the terms of this Garage Lease shall be paid by the Lessee to the Trustee under the Indenture.
All covenants in this Garage Lease, whether by the Lessor or the Lessee, shall be binding upon the successors and assigns of the respective parties hereto.
No agreement shall be effective to modify this Garage Lease, in whole or in part, unless such agreement is in writing, and is signed by the party against whom enforcement of said change or modification is sought.
If, at any time, the Lessee fails to maintain insurance in accordance with this Section 8, such insurance may be obtained by the Lessor and the amount paid therefor shall be added to the amount of rental payable by the Lessee under this Garage Lease; provided, however, that the Lessor shall be under no obligation to obtain such insurance and any action or non-action of the Lessor in this regard shall not relieve the Lessee of any consequence of its default in failing to obtain such insurance.
During the full term of this Garage Lease, the Lessee will also, at its own expense, carry combined bodily injury insurance, including accidental death, and property damage with reference to the Garage Leased Premises in the amount of Five Million Dollars ($5,000,000) combined single limit on account of each occurrence with one or more good and responsible insurance companies.