Common use of Merger of Estates Clause in Contracts

Merger of Estates. The voluntary or other surrender of this Lease by Tenant or a mutual cancellation hereof, shall not work a merger, but shall, at the option of Landlord, terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of Tenant’s interest in such subleases or subtenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant Tenant, or a mutual cancellation hereofthereof, shall not work constitute a mergermerger of the Landlord’s fee estate in the Property and the leasehold interest created hereby; and upon such surrender or cancellation of this Lease, but shallLandlord shall have the option, at the option of in Landlord’s sole discretion, to (a) either terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of (b) assume Tenant’s interest in such any or all subleases or subtenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant or a mutual cancellation hereofthereof, shall not work constitute a merger, but merger and shall, at the option of Landlord, either terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of Tenant’s interest in any or all such subleases or subtenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant Tenant, or a mutual cancellation hereofthereof, shall not work constitute a mergermerger of the Landlord's fee estate in the Property and the leasehold interest created hereby; and upon such surrender or cancellation of this Lease, but shallLandlord shall have the option, at the option of in Landlord's sole discretion, to (a) either terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of (b) assume Tenant’s 's interest in such any or all subleases or subtenancies.

Merger of Estates. The voluntary or other involuntary surrender of this Lease by Tenant Tenant, or a mutual cancellation hereofthereof, shall will not work constitute a mergermerger of the Landlord's fee estate in the Property and the leasehold interest created hereby. In that event, but shallLandlord will have the option, at the option of in Landlord's sole discretion, to either terminate or assume all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of Tenant’s interest in such subleases or subtenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant Tenant, or a mutual cancellation hereofthereof, shall not work constitute a mergermerger of the Landlord’s fee estate in the Property and the leasehold interest created hereby; and upon such surrender or cancellation of this Lease, but shallLandlord shall have the option, at the option of in Landlord’s sole discretion, to (a) either terminate all or any existing subleases or subtenanciessub-tenancies, or may, at the option of Landlord, operate as an assignment to Landlord of (b) assume Tenant’s interest in such any or all subleases or subtenanciessub-tenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant or a mutual cancellation hereofthereof, shall not work constitute a merger; and upon such surrender or cancellation of this Lease, but shallLandlord shall have the option, at the option of in Landlord's sole discretion, to (a) either terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of (b) assume Tenant’s 's interest in such any or all subleases or subtenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant or a mutual cancellation hereof, shall not work a merger, but shall, at the option of Landlord, terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of Tenant’s 's interest in such subleases or subtenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant Tenant, or a mutual cancellation hereofthereof, shall will not work constitute a mergermerger of the Landlord's fee estate in the Property and the leasehold interest created hereby; and upon such surrender or cancellation of this Lease, but shallLandlord will have the option, at the option of in Landlord's sole discretion, to (a) either terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of (b) assume Tenant’s 's interest in such any or all subleases or subtenancies.

Merger of Estates. The voluntary or other involuntary surrender of this Lease by Tenant Tenant, or a mutual cancellation hereofthereof, shall will not work constitute a mergermerger of the Landlord’s fee estate in the Property and the leasehold interest created hereby. In that event, but shallLandlord will have the option, at the option of in Landlord’s sole discretion, to either terminate or assume all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to Landlord of Tenant’s interest in such subleases or subtenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant or a mutual cancellation hereof, of this agreement shall not work cause a merger, but shallbut, at the option of Landlord's option, either (1) shall terminate all or any existing subleases sublease or subtenancies, or may, at the option of Landlord, (2) may operate as an assignment to Landlord of Tenant’s 's interest in such any or all subleases or subtenancies.

Merger of Estates. The voluntary or other surrender of this Lease by Tenant Tenant, or a mutual cancellation hereofthereof, shall not work constitute a mergermerger of the Landlord's fee estate in Landlord’s Premises and the leasehold interest created hereby; and upon such surrender or cancellation of this Lease, but shallLandlord shall have the option, at the option of in Landlord's sole discretion, to (a) either terminate all or any existing subleases or subtenanciessub-tenancies, or may, at the option of Landlord, operate as an assignment to Landlord of (b) assume Tenant’s 's interest in such any or all subleases or subtenanciessub-tenancies.