Common use of Surrender or Cancellation Clause in Contracts

Surrender or Cancellation. The voluntary or other surrender of this Lease by the Lessee, or a mutual cancellation thereof, shall not work a merger, and shall terminate all or any existing subleases, unless the Lessor elects to treat such surrender or cancellation as an assignment to the Lessor of any or all of such subleases.

Appears in 9 contracts

Samples: Commercial Lease (Resonant Inc), Assignment and Subordination of Master Lease (Venoco, Inc.), Building Lease (GRC International Inc)

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Surrender or Cancellation. The voluntary or other surrender of this Lease by the Lessee, or a mutual cancellation thereof, shall not work a merger, and shall terminate all or any existing subleases, unless the Lessor elects to treat such surrender or cancellation as an assignment to the Lessor of any or all of such subleases.

Appears in 2 contracts

Samples: Lease (Harbor Bancorp /), Lease Agreement (Inamed Corp)

Surrender or Cancellation. The voluntary Voluntary or other surrender of this Lease by the Lessee, or a mutual cancellation thereof, shall not work a merger, and shall terminate all or any existing subleases, unless the Lessor elects to treat such surrender or cancellation as an assignment to the Lessor of any or all of such subleases.

Appears in 1 contract

Samples: Lease Agreement (Inamed Corp)

Surrender or Cancellation. The voluntary or other surrender of this Lease by the Lessee, or a mutual cancellation thereof, shall not work a merger, merger and shall terminate all or any existing subleases, unless the Lessor elects to treat such surrender or cancellation as an assignment to the Lessor of any or all of such subleases.

Appears in 1 contract

Samples: Sublease (Inamed Corp)

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Surrender or Cancellation. The voluntary or other surrender of this ------------------------- Lease by the Lessee, or a mutual cancellation thereof, shall not work a merger, and shall terminate all or any existing subleases, unless the Lessor elects to treat such surrender or cancellation as an assignment to the Lessor Landlord of any or all of such subleases.

Appears in 1 contract

Samples: Lease (Iown Holdings Inc)

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