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 thereof, shall not constitute a merger; and upon such surrender or cancellation of this Lease, Landlord shall have the option, in Landlord's sole discretion, to (i) either terminate all or any existing subleases or subtenancies, or (ii) assume Tenant's interest in any or all subleases or subtenancies.

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

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