Common use of No Terminations Clause in Contracts

No Terminations. Except as specifically provided in part (d) of this Section, this Ground Lease shall not be subject to termination, cancellation or forfeiture, nor may the Tenant’s interest herein be surrendered or any such surrender accepted by the District, without the prior written consent of each Mortgagee. The District and the Tenant acknowledge that this limitation shall apply to any right of the Tenant to cancel this Ground Lease as a result of any condemnation, damage by casualty, frustration of purpose or failure of any condition set forth in this Ground Lease.

Appears in 3 contracts

Samples: Ground Lease Agreement (Ameristar Casinos Inc), Ground Lease Agreement With Option to Purchase (Pinnacle Entertainment Inc), Ground Lease Agreement (Pinnacle Entertainment Inc)

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No Terminations. Except as specifically provided in part (d) of this Section, this Ground Lease shall not be subject to termination, cancellation or forfeiture, nor may the Tenant’s 's interest herein be surrendered or any such surrender accepted by the District, without the prior written consent of each Mortgagee. The District and the Tenant acknowledge that this limitation shall apply to any right of the Tenant to cancel this Ground Lease as a result of any condemnation, damage by casualty, frustration of purpose or failure of any condition set forth in this Ground Lease.

Appears in 1 contract

Samples: Ground Lease Agreement (Ameristar Casinos Inc)

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