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HomeMy WebLinkAbout1926 i i 39. SEVERABILITY. The invalidity in whole or in part of any covenant, promise or undertaking or any section, subsection, sen- ~ tence, clanse, phrase or word, or of any provision of this lease or ~ the Exhibits attached hereto, shall not affect the validity of the remaining portions thereof. 40. PARTIES. The term "Lessor" and "Lessee" as used in this lease sha11 include the singular and plural thereof, and the use of any gender shall include all genders, wherever the same shall be appropriate, and shall include its successors and assigns. 41. CONSENT AND RATIFICATION OF THIS LEASE BY A UNIT OWNER. It is specif i::ally recognized and understood that some or all of the persons comprising the original board af directors and ~ ~ the off icers of the Lessor and Lessee corporations are aZso off icers, ' directors, employees and/or stockholders of the Lessor and Lessee corporations under this lease, and that such circumstances of inter- locking board of directors, off icers, employees and/or stockhoZders i shall not and cannot be considered as a breach of their duties to the Lessee corporations, nor as possible grounds to invalidate this lease in whole or in part. Each and every person, whether real or i corporate, who shall take any interest whatsoever in or to Outdoor ~ Resorts at Nettles Island, Inc., a Condominium, any of the Condomini- ~ um's propertie~, or in or to any condominium units in The Condamini- ~ , um after the recording of this lease, by acceptance, delivery or the ' recording of the deed, contract, grant, assignment, or other instru- ment granting, conveying, or providing for such interest, or by the ' ~~~19~i 19~1 - 23 - ~ _ - ~ . _