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HomeMy WebLinkAbout0817 ~4 S- ' ~ 39, gEVEgAgILITY. The invalidity in whole or in part of any covenant, proQaise or undertaking or any section, subsection, sen- tence, clause, phrase or word, or of any provision of this lease or the 8xhibits attached hereto, shall not affect the validity of the remaining pcrtioas thereof . - - _ ~ ~ 40. PARTIES. 1'he term "Lessor" and "Lessee" as used in ~ this lease shall include the singular and plural thereof, and the use of any gender shall include all genders, wherever the same s2~a11 be appropriate, and shall include its successors and assigns. 41. CONSENT AND RATIFICATION OF ~4iIS I.SASB $Y A UNIT OWNER. It is specif i~aliy recognized and understood that some or t all of the persons canprising the original board of directors and the off icers of the Lessor and Lessee corporations are also off icers, directors, employees and/or stockholders of the Lessor and Lessee corporations under this lease, and that such circumstances of inter- I I ~ locking board of directors, off icers, employees and/or atockholders ~ ! 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 ~ corporate, who shall take any interest whatsoever in or to Outdoor ~ of the Condaaini- ~ Resorts at Nettles Island, Inc., a Condaaminiwn, any ~ ` ~ um's properties, or in or to any condaninium units in ~he Condaaini- ~ ~ acce tance, delivery or tlle ~ um after the recording of this lease, by_ p ~ recording of the deed, contract, grant, assignment, or other instru- ~ ~ ~ ment granting, conveying, or providing for such interest, or by the i ~ ~ ~ R ~ p R ~ - ~ 1~ 815 ~ - 23 - ~ , _ _ _ ~ ~ ~ r__.