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No Bonus Clause |
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No Bonus ClauseA clause under the eminent domain section of a lease, giving the lessee the right to recover only the value of his physical improvements in the event of a taking, and not the value of the leasehold interest (the difference between the fixed rent of the lease and current market rental value). Not applicable in all states.No Bonus Clause Similar MatchesMarket out clauseMarket out clauseA clause that may appear in an underwriting firm commitment that releases it from its purchase requirement if there are negative securities market developments. Inflation escalator clauseInflation escalator clauseA clause in a contract providing for increases or decreases in inflation depending on fluctuations in the cost of living, production costs, and so forth. Multicurrency clauseMulticurrency clauseSuch a clause on a Euro loan permits the borrower to switch from one currency to another currency on a rollover date. "Subject To" Clause"Subject To" ClauseA clause in a deed, stating that the grantee takes title "subject to" an existing mortgage. The original mortgagor is alone responsible for any deficiency, should there be foreclosure of the mortgage. Differs from an "assumption" clause, whereby the grantee "assumes" and agrees to pay the existing mortgage. Release clauseRelease clauseA mortgage provision that releases a pledged asset after a certain portion of the total payments has been made. Further SuggestionsPenalty clauseAcceleration Clause Valuation Clause Grandfather clause Assumption clause Grandfather clause Negative pledge clause Hedge clause Escalation Clause Enabling Clause Escalator clause Claused Bill of Lading Acceleration clause Sunset clause Alienation clause Due on sale clause Acceleration clause After acquired clause Cancellation Clause Safeguards Clause Due on sale clause non forfeiture clause Incontestability clause Due on Sale Clause Escape clause |
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