Partial Lease Termination Sample Clauses
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Partial Lease Termination. Effective as of the Effective Date, the Lease shall terminate with respect to the Terminated Property in accordance with the terms of Section 17.9 of the Lease (and on the same terms as if the Terminated Property was considered a Deleted Property that was being separated and removed from the Lease as of the Effective Date on account of a Casualty or Condemnation), and Tenant shall remain obligated to perform all of its indemnification obligations and other liabilities and obligations under the Lease that survive such termination in accordance with the terms of such Section 17.9, Section 23 of the Lease and any other applicable provisions of the Lease.
Partial Lease Termination. (a) Subject to the terms and conditions set forth in this Agreement, Landlord and Tenant hereby agree that the Lease shall be terminated only with respect to the Original Premises effective as of the later of (i) the close of business on May 16, 2001, or (ii) the satisfaction of the termination conditions set forth in Paragraph 2 below (the “Termination Date”). On or before the Termination Date, Tenant shall vacate and surrender possession of the Original Premises to Landlord; provided, however, that Tenant shall not be required to remove any furniture or fixtures from the Original Premises to the extent that the same are being conveyed to and accepted by the Replacement Tenant (as defined below) (the “Remaining Furniture”); and provided, further, that Tenant shall not be required to remove or pay for the removal of any alterations or additions made by Tenant to the Original Premises during the Term.
(b) Upon termination of the Lease with respect to the Original Premises only, the vacation and surrender of the Original Premises by Tenant, and satisfaction of the Termination Conditions (as hereafter defined), Landlord and Tenant shall have no further rights, obligations or claims with respect to each other arising under the Lease with respect to the Original Premises except for (a) the indemnification obligations of Tenant contained in the Lease, (b) the obligation of Tenant to pay any remaining Additional Rent owed for calendar year 2001 when billed to Tenant in 2002 or the obligation Landlord to repay or credit to Tenant any overpayment by Tenant of Additional Rent, as applicable, in accordance with Paragraph 4(c) of the Lease, and (c) any obligations of Tenant or Landlord under the Lease which expressly survive the termination of the Lease (such obligations described in the foregoing clauses (a), (b) and (c) being herein referred to as the “Surviving Obligations”). The Surviving Obligations shall survive the execution of this Agreement and the termination of the Lease with respect to the Original Premises.
(c) Landlord and Tenant agree and acknowledge that notwithstanding the cancellation and termination of the Lease with respect to the Original Premises, this Agreement shall have no effect on the rights and obligations of either Landlord or Tenant with respect to the Expansion Premises or the 1830 Premises and the Lease covering the Expansion Premises and the 1830 Lease covering the 1830 Premises shall continue to remain in full force and effect.
Partial Lease Termination. Provided that Tenant timely complies with its obligations under Section 6 with respect to the 1825 Premises, the Lease shall terminate with respect to the 1825 Premises as of 11:59 Mountain Daylight Time on the 1825 Surrender Date (the “Partial Lease Termination”), except for those provisions that, by their express terms, survive the expiration or earlier termination thereof. As of the Partial Lease Termination, the Lease shall be deemed terminated as though it had expired according to its terms, shall no longer be of any force or effect and Landlord and Tenant shall be relieved of any and all further obligations thereunder solely with respect to the 1825 Premises, except for those provisions that, by their express terms, survive the expiration or earlier termination of the Lease, but the Lease shall remain in full force and effect with respect to the 1865 Premises, the 1885 Premises and the 3200 Premises.
Partial Lease Termination. Effective as of the date hereof, the Lease shall terminate with respect to the Leased Properties described on Exhibit A attached to and made a part of this Agreement in accordance with the terms of Section 40.16 of the Lease, and Tenant shall remain obligated to perform all of its indemnification obligations and other liabilities and obligations under the Lease that survive such termination in accordance with the terms of such Section 40.16, Section 24.1 of the Lease and any other applicable provisions of the Lease.
Partial Lease Termination. If there is a taking (excluding a taking of the fee interest in the Premises if, after such taking, Tenant’s rights under this Lease are not affected and no rights of any Permitted Leasehold Mortgagee are affected) for any public or quasi-public purpose by any Governmental Authority by the exercise of the right of condemnation or eminent domain or by agreement among Landlord, Tenant, the Permitted Leasehold Mortgagee and those authorized to exercise such right, of any portion of the Premises which does not result in a termination of this Lease in accordance with Section 11.2(a), then this Lease shall terminate with respect to the portion of the Site and/or Property so taken, but this Lease shall remain in full force and effect with respect to the portion of the Premises not taken by condemnation or eminent domain.
Partial Lease Termination. The Lease shall automatically terminate with respect to the Surrender Premises effective as of 11:59 p.m. Eastern time on the Surrender Date (the “Partial Lease Termination”). As of the Partial Lease Termination, the Lease shall be fully and finally surrendered and terminated and shall no longer be of any force or effect solely with respect to the Surrender Premises, except for those provisions relating to the Surrender Premises that, by their express terms, survive the expiration or earlier termination of the Lease, but the Lease shall remain in full force and effect with respect to the Remaining Premises
Partial Lease Termination. At any time during the Construction Period but prior to exercising its options pursuant to paragraph 27(a) hereof, Lessee may deliver to Lessor and the Agent a written offer to purchase a portion of the Assets as to which the Lessee has made a good faith determination that such portion of the Assets are no longer used or useful in the business of the Lessee conducted at the Property and a certification that the Lessee will abandon such portion of the Assets or sell the same to a third party (a "PARTIAL LEASE TERMINATION") upon and subject to the applicable terms of this Lease.
Partial Lease Termination. Provided that Tenant has fully satisfied all of its obligations set forth in Section 2 of this Agreement (“Surrender Obligations”), then the Lease shall terminate with respect to the Binney Premises effective as of 11:59 p.m. Eastern time on the Surrender Date (“Partial Lease Termination”). As of the Partial Lease Termination, the Lease shall be fully and finally surrendered and terminated and shall no longer be of any force or effect solely with respect to the Binney Premises, except for those provisions that, by their express terms, survive the expiration or earlier termination of the Lease, but the Lease shall remain in full force and effect with respect to the balance of the Premises.
