Documentation of Termination. In the event that Grantee does not deliver the Notice of Exercise on or prior to the expiration of the Option Period, then upon the expiration of the Option Period or as of a Termination Date, as applicable, the Grantee shall, upon the request of the Owner, execute and record such further documentation as the Owner may reasonably request evidencing the termination of Grantee’s right, title, and interest in and to the Property under this Option Agreement.
Documentation of Termination. At any time after the termination of this Lease, by expiration of the Term or otherwise, Lessee shall upon the request of Lessor from time to time (i) execute, acknowledge and deliver to Lessor a release in recordable form, terminating and releasing to Lessor all of Lessee’s right, title and interest hereunder in the Leased Premises and such other instruments as Lessor may reasonably request to evidence such termination and release, and (ii) either deliver to Lessor a release in recordable form executed and acknowledged by each other person claiming by, through or under Lessee who has an interest, beneficially or of record, in the leasehold interest created by this Lease (e.g., secured parties, assignees, sublessees and royalty owners), terminating and releasing to Lessor all such person’s right, title and interest in the Leased Premises, together with such other instruments executed and acknowledge by each such person as Lessor may reasonably request to evidence such termination and release or deliver to Lessor an agreement indemnifying Lessor and holding it harmless against claims by any such person claiming by, through or under Lessee. All such instruments shall be in such form and substance as Lessor may reasonably request.
Documentation of Termination. In the event that the Owner and Grantee do not execute the Ground Lease Agreement on or prior to the expiration of the Option Period, then upon the expiration of the Option Period or as of a Termination Date, as applicable, the Grantee shall, upon the request of the Owner, execute and record such further documentation as the Owner may reasonably request evidencing the termination of Grantee’s right, title, and interest in and to the Property under this Option Agreement.
Documentation of Termination. Upon the termination of all and several of the terms of this Agreement, the parties hereto agree to execute, deliver and record appropriate instruments of release and discharge of the terms hereof.
