Common use of Preservation of Subleases Clause in Contracts

Preservation of Subleases. Between the date of the termination of the Lease Agreement and the New Agreement Delivery Date, the City shall not take any affirmative action to cancel any sublease or accept any cancellation, termination, or surrender of a sublease (it being understood that the City shall not be obligated to take any action to keep any subleases in effect). Any sublease which was terminated upon the termination of the Lease Agreement as a matter of law, shall, at New Operator’s option, be reinstated upon execution of the New Agreement.

Preservation of Subleases. Between the date of the termination of the Lease this Agreement and the New Agreement Delivery Date, the City shall not take any affirmative action to cancel any sublease or accept any cancellation, termination, or surrender of a sublease (it being understood that the City shall not be obligated to take any action to keep any subleases in effect). Any sublease which was terminated upon the termination of the Lease this Agreement as a matter of law, shall, at New Operator’s 's option, be reinstated upon execution of the New Agreement.