Common use of Acceptance of Surrender Clause in Contracts

Acceptance of Surrender. No surrender to the Lessor of this Lease or of the Leased Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the Lenders, and no act by the Lessor or the Lenders or any representative or agent of the Lessor or the Lenders, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 2 contracts

Samples: Lease (Kansas City Power & Light Co), Lease (Kansas City Power & Light Co)

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Acceptance of Surrender. No surrender to the Lessor of this Lease or ----------------------- of the Leased all or any portion of any Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations owed to the Participants under the Loan Participation Agreement or the other Operative Documents and termination of the Participants' Commitments, the LendersAgent, and no act by the Lessor or the Lenders Agent or any representative or agent of the Lessor or the LendersAgent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 2 contracts

Samples: Participation Agreement (Vitesse Semiconductor Corp), Master Lease (Quantum Corp /De/)

Acceptance of Surrender. No surrender to the Lessor of this Master Lease or of all or any of the Leased Property Properties or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the LendersLender, and no act by the Lessor or the Lenders Lender or any representative or agent of the Lessor or the LendersLender, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 2 contracts

Samples: Master Lease (Cisco Systems Inc), Master Lease (Electronics for Imaging Inc)

Acceptance of Surrender. No surrender to the Lessor of this Master Lease or of all or any of the Leased Property Properties or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the LendersAdministrative Agent, and no act by the Lessor or the Lenders any Lender or any representative or agent of the Lessor or the Lenders, any Lender other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 2 contracts

Samples: Master Lease and Deed of Trust (Lam Research Corp), Master Lease and Deed of Trust (Lam Research Corp)

Acceptance of Surrender. No surrender to the Lessor of this Master Lease or of all or any of the Leased Property Properties or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the Lenders, and no act by the Lessor or the Lenders or any representative or agent of the Lessor or the Lenders, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 2 contracts

Samples: Master Lease and Deed of Trust (Symantec Corp), Master Lease and Deed of Trust (Symantec Corp)

Acceptance of Surrender. No surrender to the Lessor of this Lease or of the Leased Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to and the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the LendersAdministrative Agent, and no act by the Lessor or the Lenders Administrative Agent or any representative or agent of the Lessor or the LendersAdministrative Agent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Lease (Adobe Systems Inc)

Acceptance of Surrender. No surrender to the Lessor of this Lease or of the Leased Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by Xxxxxx and the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the Lendersother Participants, and no act by the Lessor or the Lenders other Participants, or any representative or agent of the Lessor or the Lendersother Participants, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Lease, Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Corning Inc /Ny)

Acceptance of Surrender. No surrender to the Lessor of this Master Lease or of all or any of the Leased Property Properties or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the LendersAdministrative Agent, and no act by the Lessor or the Lenders any Lender or any representative or agent of the Lessor or the Lendersany Lender, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease and Open End Mortgage (Cardinal Health Inc)

Acceptance of Surrender. No surrender to the Lessor of this Lease or of the Leased all or any portion of any Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations owed to the Participants under the Loan Participation Agreement or the other Operative Documents and termination of the Participants' Commitments, the LendersAgent, and no act by the Lessor or the Lenders Agent or any representative or agent of the Lessor or the LendersAgent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease Agreement (Quantum Corp /De/)

Acceptance of Surrender. No surrender to the Lessor of this Master ----------------------- Lease or of all or any of the Leased Property Equipment or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the CommitmentsObligations, the Lenders, and no act by the Lessor or the Lenders or any representative or agent of the Lessor or the Lenders, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Equipment Lease and Security Agreement (Mail Well Inc)

Acceptance of Surrender. No Except as specifically provided for in ----------------------- this Lease, no surrender to the Lessor of this Lease or of all of the Leased Properties or any Property or any portion of any part of any thereof Property or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the LendersLessor, and no act by the Lessor or the Lenders or any representative or agent of the Lessor or the LendersLessor, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Lease Agreement (Ein Acquisition Corp)

Acceptance of Surrender. No surrender to the Lessor of this ----------------------- Master Lease or of all or any of the Leased Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement Agreements and termination of the Commitments, the LendersAdministrative Agent, and no act by the Lessor or Lessor, a Lender, the Lenders Administrative Agent or any representative or agent of the Lessor Lessor, a Lender or the LendersAdministrative Agent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease (Palm Inc)

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Acceptance of Surrender. No surrender to the Lessor of this Lease or of the Leased all or any portion of any Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement Indenture and termination of the Commitments, the LendersIndenture Trustee, and no act by the Lessor or the Lenders Indenture Trustee or any representative or agent of the Lessor or the LendersIndenture Trustee, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease (Peoplesoft Inc)

Acceptance of Surrender. No surrender to the Lessor of this Lease or of all or any portion of the Leased Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the Lenders, and no act by the Lessor or the Lenders or any representative or agent of the Lessor or the Lenders, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Lease and Open End Mortgage (Fore Systems Inc /De/)

Acceptance of Surrender. No surrender to the Lessor of this Master Lease or of all or any of the Leased Property Properties or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the Lenders, and no act by the Lessor or the Lenders any Lender or any representative or agent of the Lessor or the Lendersany Lender, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease, Open End Mortgage and Purchase Option (Multicare Companies Inc)

Acceptance of Surrender. No surrender to the Agent Lessor or any Lessor of this Master Lease or of the Leased Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Agent Lessor and, prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the LendersAdministrative Agent, and no act by the Agent Lessor or the Lenders any Lessor or any Lender or any representative or agent of the any Lessor or the Lendersany Lender, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease, Deed of Trust and Security Agreement (Alumax Inc)

Acceptance of Surrender. No Except as otherwise provided herein, no surrender to the Lessor of this Master Lease or of any or all of the Leased Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, and prior to the payment or performance of all obligations under the Loan Agreement and termination of the Commitments, the Lenders, required to be paid or performed hereunder and no act by the Lessor or the Lenders or any representative or agent of the Lessor or the LendersLessor, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease and Deed of Trust (Electronic Arts Inc)

Acceptance of Surrender. No surrender to the Lessor of this Lease or of the all or any portion of any Leased Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Agreement Agreement, this Lease and the other Operative Documents and termination of the Commitments, the Lenders, and no act by the Lessor or the Lenders Agent or any representative or agent of the Lessor or the LendersAgent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease (Applied Materials Inc /De)

Acceptance of Surrender. No surrender to the Lessor of this Lease or of the Leased all or any portion of any Property or of any part of any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by the Lessor and, prior to the payment or performance of all obligations under the Loan Participation Agreement and termination of the Commitments, the LendersAgent, and no act by the Lessor or the Lenders Agent or any representative or agent of the Lessor or the LendersAgent, other than a written acceptance, shall constitute an acceptance of any such surrender. 29.1 [RESERVED].

Appears in 1 contract

Samples: Master Lease (Chase Industries Inc)

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