Sublease Termination. Provided that there is no earlier Event of Default under the Sublease on the part of the Sublessee and further provided there is no Event of Default under the Sublease on the Termination Date (as hereinafter defined), the Sublease (including without limitation Section 26 of the Sublease) shall be deemed terminated (the "Termination") effective as of the date set forth herein (the "Termination Date") as if the Termination Date was the date originally set forth in the Sublease for expiration of the Term of the Sublease. Effective as of the Termination Date, Sublessee shall have no further rights to use or occupy the Subleased Premises or obligations (except for Sublessee's Surviving Obligations as defined below) with respect to the Subleased Premises. The Termination Date for the Subleased Date for the Subleased Premises shall be 11:59 P.M. on September 30, 2001. Upon execution of this Agreement, Sublessor shall have access to the entire Subleased Premises for the purposes of showing the Subleased Premises to prospective tenants. The provisions of this Paragraph 1 shall not limit Sublessee's obligation to pay Yearly Fixed Rent, Parking Rent and additional rent accruing prior to the Termination Date in accordance with the terms of the Sublease. Should Sublessee default under this Agreement and/or the Second Amendment, (a) the Agreement shall at the sole option of Sublessor be of no further force and effect and the parties shall have all of their original obligations set forth in the Sublease and/or (b) Sublessor shall have all rights and remedies set forth in this Agreement and the Sublease for any such breach and/or default without any requirement of notice to Sublessee.
Sublease Termination. Except as City may otherwise agree, the voluntary or other surrender of this Lease by Tenant, the mutual cancellation of this Lease by Tenant and City, or the termination of this Lease by City pursuant to Section 18 as a result of Tenant’s Event of Default shall, at the option of City on 30 days notice, terminate all or any existing subtenancies or may, at the option of City, operate as an assignment to City of any or all subtenancies of Tenant.
Sublease Termination. If such proceedings shall result in the taking of the whole or substantially all of the demised premises, this Sublease and the term hereof shall terminate and expire on the date of such taking, and the Basic Rent, Additional Rent, and other sinus or charges provided in this Sublease to be paid by Tenant shall be apportioned and paid to the date of such taking.
Sublease Termination. Tenant acknowledges that BiPar Sciences (“BiPar”) currently occupies the Released Space under the terms of a sublease agreement between Tenant and BiPar dated as of March 24, 2009. Tenant further understands and acknowledges that no privity of contract or estate exists between Landlord and BiPar and therefore agrees that Tenant shall be responsible, at no charge or cost to Landlord, for terminating the BiPar sublease and causing BiPar to vacate the Released Space on or before the Effective Date of this Agreement (subject to the provisions of ¶ 3.2 below) in order to effectuate the partial termination of the Lease provided for hereunder. Notwithstanding anything to the contrary herein or in the Lease, Tenant shall not be required to restore any improvements or remove any telecom wiring in the Released Space in connection with the partial termination of the Lease effected hereunder.
Sublease Termination. Tenant and Subtenant hereby agree that the Sublease shall terminate as of the Termination Date. From and after the Termination Date, Tenant and Subtenant shall have no further rights, obligations or claims with respect to each other arising under the Sublease after the Termination Date. Subtenant and Tenant represent that, as of the date hereof, neither has any knowledge of any default under the Sublease by the other nor any event or circumstance which, with the passage of time, would result in a default under the Sublease.
Sublease Termination a. The Sublease will be terminated effective as of the later of (the “Termination Date”) (i) March 15, 2005 and (ii) the date of occurrence of all of the following: (x) full execution and delivery of this Agreement by both Sublandlord and Subtenant, (y) full execution, delivery and effectiveness, including receipt of all necessary consent(s) and approval(s), of an amendment (the “Amendment”) to that certain Office Lease by and between TMG/One Market, L.P., a Delaware limited partnership (“Master Landlord”) and Subtenant dated as of June 23, 2000 (as amended, the “Lease”) granting Subtenant occupancy of the entire seventh and eighth floors of the Building concurrently with the termination of the Sublease and (z) full execution, delivery and effectiveness, including receipt of all necessary consent(s) and approval(s), of an agreement by and between Master Landlord and Sublandlord terminating that certain Office Lease by and between Master Landlord and Sublandlord dated as of April 23, 2001 and that certain Office Sublease by and between Master Landlord and Sublandlord dated as of April 23, 2001 (the “Master Lease Termination Agreement”), and, notwithstanding anything to the contrary in the Sublease, shall thereafter be of no further force and effect. All of the terms, covenants, agreements and conditions of the Sublease shall remain in full force and effect with respect to the Premises through the Termination Date. Subject to satisfaction or waiver of the conditions set forth in Paragraph 3 below, all of Subtenant’s rights in and to the Premises and obligations with respect to the Premises pursuant to the Sublease shall terminate as of the Termination Date. The execution of the Amendment by Subtenant, and the termination of the Master Lease by Sublandlord, shall be in each of its sole and absolute discretion.
Sublease Termination. Pennyrile Energy LLC has entered into a termination agreement (the “Termination Agreement”) with the sublessor under the Sublease Agreement wherein, among other things, the sublessor has agreed to termination of the Sublease Agreement on or before Closing, subject to right of Pennyrile Energy LLC to enter the premises to remove equipment and infrastructure from the Riveredge Mine as contemplated by Section 6.05 and the sealing of the Riveredge Mine as contemplated by Section 6.05, and waived sublessor’s right to acquire any or all of what would otherwise be Purchased Assets hereunder, including the Purchased Permits and the Real Property. A true and complete copy of the Termination Agreement has been provided to Buyer and the Termination Agreement is in full force and effect.
Sublease Termination. (a) Total Condemnation or Condemnation by State. (i) If all of the Premises, or such portion thereof as make the continued operation of the Premises commercially unfeasible, in Sublessee's reasonable opinion, is condemned, this Sublease shall, at the option of Sublessee, to be exercised by written notice to Sublessor, to be delivered on or before the expiration of one hundred eighty (180) days after the date of receipt by Sublessor of written notice of such condemnation, terminate on the date title to the Premises or the condemned portion thereof vests in the condemnor; provided, however, that such termination shall not benefit the condemnor and shall be without prejudice to the rights of either Sublessor or Sublessee to recover just and adequate compensation from any such condemnor.
Sublease Termination. Pfaltzgraff and Wellspan agree that notwithstanding anything to the contrary contained in the Sublease, the Sublease shall terminate and expire as of December 1, 2009 (the “Sublease Termination Date”) and effective as of the Sublease Termination Date the Sublease shall be null and void and of no further force and effect.
Sublease Termination. If Subtenant and Master Landlord enter into a new --------------------- lease agreement (the "New Lease") for the Sublease Premises to be effective prior to the expiration of the Master Lease and this Sublease, and Master Landlord releases Sublandlord of all obligations and liabilities under the Master Lease accruing subsequent to such effective date of the New Lease, Sublandlord shall release Subtenant of all obligations and liabilities accruing subsequent to such effective date of the New Lease.
