Common use of Termination by Lessee Clause in Contracts

Termination by Lessee. Lessee may at any time terminate this Agreement by giving 30 days advance written notice to Landowner. If Lessee terminates this Agreement, Lessee shall perform all obligations and pay all Rental Payments and Royalty payments which accrue or become due before the termination date. During the term of this Agreement, Lessee may at any time surrender parts of the Property. If Lessee intends to surrender any portion of the Property, it shall notify Landowner. Within 10 business days after Lessee's delivery of its notice, Lessee shall execute and deliver to Landowner an instrument of surrender of Lessee's right, title and interest in and to the portion of the Property to be surrendered in form acceptable to Landowner and authorized for recording under Oregon law. Lessee's surrender of any portion of the Property shall not discharge or release Lessee from any liability or obligation arising from or relating to Lessee's lease of the surrendered portion of the Property or Lessee's activities on, in or under the surrendered portion of the Property.

Termination by Lessee. Lessee may at any time terminate this Agreement by giving 30 thirty (30) days advance written notice to Landowner. If Lessee terminates this Agreement, Lessee shall perform all obligations and pay all Rental Payments and Royalty payments which accrue or become due before the termination date. During the term of this Agreement, Lessee may at any time surrender parts of the Property. If Lessee intends to surrender any portion of the Property, it shall notify Landowner. Within 10 ten (10) business days after Lessee's ’s delivery of its notice, Lessee shall execute and deliver to Landowner an instrument of surrender of Lessee's ’s right, title and interest in and to the portion of the Property to be surrendered in form acceptable to Landowner and authorized for recording under Oregon Nevada law. Lessee's ’s surrender of any portion of the Property shall not discharge or release Lessee from any liability or obligation arising from or relating to Lessee's ’s lease of the surrendered portion of the Property or Lessee's ’s activities on, in or under the surrendered portion of the Property.