Common use of Acceptance of Surrender Clause in Contracts

Acceptance of Surrender. Except as otherwise expressly provided in this Lease, no surrender to Agent Lessor of this Lease or of all or any portion of the Property or of any interest therein shall be valid or effective unless agreed to and accepted in writing by Agent Lessor and, prior to the payment or performance of all obligations under the Credit Documents, Agent, and no act by Agent Lessor or Agent or any representative or agent of Agent Lessor or Agent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 2 contracts

Samples: Lease (McData Corp), Lease (Wind River Systems Inc)

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Acceptance of Surrender. Except as otherwise expressly provided in this Lease, no surrender to Agent Lessor of this Lease or of all or any portion of the any Property or of any interest therein shall be valid or effective unless agreed to and accepted in writing by Agent Lessor and, prior to the payment or performance of all obligations under the Credit Documents, the Administrative Agent, and no act by Agent Lessor or the Administrative Agent or any representative or agent of Agent Lessor or the Administrative Agent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 2 contracts

Samples: Lease Agreement (Quality Food Centers Inc), Lease Agreement (Fred Meyer Inc)

Acceptance of Surrender. Except as otherwise expressly provided in this Lease, no surrender to Agent Lessor of this Lease or of all or any portion of the Property Properties or of any interest therein shall be valid or effective unless agreed to and accepted in writing by Agent Lessor and, prior to the payment or performance of all obligations under the Credit Documents, Agent, and no act by Agent Lessor or Agent or any representative or agent of Agent Lessor or Agent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Master Lease (Symantec Corp)

Acceptance of Surrender. Except as otherwise expressly provided in this Lease, no surrender to Agent Lessor Xxxxxx of this Lease or of all or any portion of the Property or of any interest therein shall be valid or effective unless agreed to and accepted in writing by Agent Lessor and, prior to the payment or performance of all obligations under the Credit Documents, Agent, and no act by Agent Lessor or Agent or any representative or agent of Agent Lessor or Agent, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Lease (Wind River Systems Inc)

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Acceptance of Surrender. Except as otherwise expressly provided in this Lease, no No surrender to Agent Lessor of this Lease or of all the Premises or of any portion part of the Property any thereof or of any interest therein shall be valid or effective unless agreed to and accepted in writing by Agent Lessor and, prior to the payment or performance of all obligations under this Lease and the Credit Documentsother Operative Documents and termination of the Commitments, Agentthe Participants, and no act by Agent Lessor or Agent the Participants or any representative or agent of Agent Lessor or Agentthe Participants, other than a written acceptance, shall constitute an acceptance of any such surrender.

Appears in 1 contract

Samples: Lease Agreement (Adc Telecommunications Inc)

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