Common use of Casualty; Lease Termination Clause in Contracts

Casualty; Lease Termination. The parties hereto shall grant and accept assignments, subleases or licenses of the Properties as described in this Agreement, regardless of any casualty, damage or other change in the condition of the Properties. In addition, subject the obligations of the parties in Section 5.6 of the Separation Agreement, in the event that Eatox'x Xxxse with respect to a Leased Property or the Shared Property is terminated prior to the Separation Date, (a) Eaton or its applicable Subsidiary shall not be required to assign, sublease or license such Property, (b) Axcelis or its applicable Subsidiary shall not be required to accept an assignment, sublease or license of such Property and (c) neither party shall have any further liability with respect to such Property hereunder.

Casualty; Lease Termination. The parties hereto shall grant and accept assignments, leases, subleases or and licenses of the Leased Properties as described in this Agreement, regardless of any casualty, casualty damage or other change in the condition of the such Leased Properties. In addition, subject the to Cadence's obligations of the parties in Section 5.6 5.5 of the Separation Agreement, in the event that Eatox'x Xxxse if Cadence's Lease with respect to a Leased Property or the Shared Property is terminated prior to the Separation Date, (a) Eaton Cadence or its applicable Subsidiary shall not be required to assign, sublease or license such Leased Property, (b) Axcelis the Partnership or its applicable Subsidiary shall not be required to accept an assignment, sublease or license of such Property Leased Property, and (c) neither party shall have any further liability with respect to such Leased Property hereunder.