No Bonus Clause


 

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No Bonus Clause

A 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

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Clause used in an installment note and mortgage (or deed of trust), which gives the lender the right to demand payment in full upon the happening of a certain event, such as failure to pay an installment by a certain date, change of ownership without the lender's consent, destruction of the property, or other event which endangers the security of the loan.


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Further Suggestions

Cancellation Clause
After acquired clause
Enabling Clause
Safeguards Clause
Acceleration clause
Escape clause
S Safety Clause
Due on Sale Clause
Multicurrency clause
Market out clause
Alienation clause
Grandfather clause
Assumption clause
Escalation Clause
Claused Bill of Lading
"Subject To" Clause
Release clause
Escalator clause
Grandfather clause
Negative pledge clause
Due on sale clause
Penalty clause
Incontestability clause
non forfeiture clause
Sunset clause


 
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