Common use of Surrender of Lease Not Merger Clause in Contracts

Surrender of Lease Not Merger. Neither the voluntary or other surrender of this Lease by Lessee nor a mutual cancellation hereof shall cause a merger of the titles of Lessor and Lessee, but such surrender or cancellation shall operate as an assignment to Lessor of any or all such subleases that have been approved in writing by Lessor or are otherwise acceptable to Lessor.

Appears in 3 contracts

Samples: Ground Lease (Clean Energy Fuels Corp.), Ground Lease (Clean Energy Fuels Corp.), Ground Lease (Clean Energy Fuels Corp.)

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Surrender of Lease Not Merger. Neither the The voluntary or other surrender by Lessee, or mutual cancellation of this Lease by Lessee nor Lease, shall not work a mutual cancellation hereof merger, and shall cause a merger terminate all or any existing subleases or subtenancies, or may, at the option of the titles of Lessor and LesseeLessor, but such surrender or cancellation shall operate as an assignment to Lessor of any or all such subleases that have been approved in writing by Lessor or are otherwise acceptable to Lessorsubtenancies.

Appears in 2 contracts

Samples: Agricultural Lease (Farmland Partners Inc.), Agricultural Lease (Farmland Partners Inc.)

Surrender of Lease Not Merger. Neither the voluntary or other surrender of the Lease by Xxxxxx, nor the mutual termination of this Lease by Lessee nor a mutual cancellation hereof shall cause a merger of the titles or estates of Lessor and Lessee, but such surrender or cancellation shall shall, at the option of Lessor, either terminate all or any existing subleases or operate as an assignment to Lessor of any or all such subleases that have been approved in writing by Lessor or are otherwise acceptable to Lessorsubleases.

Appears in 1 contract

Samples: Ground Lease

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Surrender of Lease Not Merger. Neither the voluntary or other surrender of the Lease by Lessee, nor the mutual termination of this Lease by Lessee nor a mutual cancellation hereof shall cause a merger of the titles or estates of Lessor and Lessee, but such surrender or cancellation shall shall, at the option of Lessor, either terminate all or any existing subleases or operate as an assignment to Lessor of any or all such subleases that have been approved in writing by Lessor or are otherwise acceptable to Lessorsubleases.

Appears in 1 contract

Samples: Ground Lease

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