Master Lease Purchase Agreement (Sample Only) Page 9
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ARTICLE 16.
LIENS
Purchaser shall not permit any liens or encumbrances to attach to the Property and shall,
at its sole costs and expenses, promptly discharge the same.
ARTICLE 17.
MISCELLANEOUS PROVISIONS
Section 17.1 Unless Purchaser directs to the contrary, Owner, within twenty (20) days
after the date of this Master Lease, shall cause a copy of this Master Lease to be recorded in the
office of the Hamilton County, Ohio recorder.
Section 17.2 As used herein, the terms “Owner” and “Purchaser” include, respectively,
all persons signing this Master Lease in the capacity so stated and their respective successors,
heirs and assigns, and all obligations of each party hereto are joint and several..
Section 17.3 Each fully-executed counterpart hereof shall be deemed to be an original
hereof.
Section 17.4 This Master Lease shall be governed by the laws of the State of Ohio.
Section 17.5 All notices or other communications provided for herein shall be
addressed to and mailed to the addresses provided above by ordinary mail. Each party may
designate such other address to the other party by providing written notice thereof.
Section 17.6 This Master Lease shall be binding upon and inure to the benefit of the
successors, heirs, personal representatives and assigns of Owner and Purchaser.
Section 17.7 This Master Lease shall not be modified except in writing signed by both
Owner and Purchaser.
Section 17.8 In the event that any word, phrase, clause, sentence or other provision of
this Master Lease shall violate any applicable statute, ordinance or rule of law in any jurisdiction
in which it is used, that provision shall be ineffective to the extent of the violation without
invalidating any other provision of this Master Lease.
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