1. The grace period is exclusively for this lease period only. For the avoidance of doubt, any renewal to this lease agreement shall not contain any grace period and the tenant shall pay full rent for the whole period.
2. The grace period shall be null and void if any rental cheque bounces and left unsettled during the contract or if the contract is cancelled prior to expiry. In this case, the Tenant undertakes to pay the rent for the entire contract period.