Common use of Termination; Merger Clause in Contracts

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 11 contracts

Samples: Shopping Center Lease (Yoshiharu Global Co.), Lease (Zulily, Inc.), Sublease (Digirad Corp)

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Termination; Merger. Unless specifically stated otherwise in writing by LessorXxxxxx, the voluntary or other surrender of this Lease by LesseeXxxxxx, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 5 contracts

Samples: Standard Multi Tenant Office Lease (America Great Health), Standard Multi Tenant Office Lease (America Great Health), Office Lease

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenanciessub-tenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Standard Multi Tenant Office Lease (Newave Inc), Standard Multi Tenant Office Lease (Newave Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, interest shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Lease Agreement (Ironclad Performance Wear Corp), Standard Industrial/Commercial Multi Tenant Lease (Ironclad Performance Wear Corp)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser tenant interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Lease Agreement (Dolby Laboratories, Inc.), Standard Industrial/Commercial Single Tenant Lease (Dolby Laboratories, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; : provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Standard Multi Tenant Office Lease Gross (Reconstruction Data Group Inc), Lease Termination and New Lease Agreement (Amistar Corp)

Termination; Merger. Unless specifically stated otherwise in writing by LessorLxxxxx, the voluntary or other surrender of this Lease by LesseeLxxxxx, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Lease Agreement (Brownie's Marine Group, Inc), Lease Agreement (Brownie's Marine Group, Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s Lessors failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s Lessors election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease Gross (Laser Pacific Media Corp), Standard Industrial/Commercial Single Tenant Lease (Laser Pacific Media Corporation)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser lessor estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease (Burke Flooring Products Inc), Standard Industrial/Commercial Single Tenant Lease Net (Veterinary Centers of America Inc)

Termination; Merger. Unless specifically stated otherwise Otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a ore termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the PremisesPromises; provided, however, that Lessor may elect to in continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interestInterest.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Multi Tenant Lease, Standard Industrial Commercial Multi Tenant Lease Net (American Consolidated Management Group Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all of any existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Lease Agreement (Equinix Inc), Lease Agreement (Equinix Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one anyone or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease (Sugarmade, Inc.), Standard Industrial/Commercial Single Tenant Lease (Diversified Opportunities, Inc.)

Termination; Merger. Unless specifically specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Multi Tenant Lease Net, Lease Agreement

Termination; Merger. Unless specifically specifically stated otherwise in writing by LessorLxxxxx, the voluntary or other surrender of this Lease by LesseeLxxxxx, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Lease Agreement (Ceribell, Inc.), Lease Agreement (Ceribell, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interestInterest.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease (BridgeBio Pharma, Inc.), Lease Agreement (Quality Systems Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual actual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 2 contracts

Samples: Standard Industrial/Commercial Single Tenant Lease (Dippy Foods Inc), Standard Industrial/Commercial Single Tenant Lease (Dippy Foods Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (World Waste Technologies Inc)

Termination; Merger. Unless specifically stated otherwise in In writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Anadys Pharmaceuticals Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Sync Research Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10ten(10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Single Tenant Lease (Invivo Corp)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach an Event of Default by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Industrial Lease (Leapfrog Enterprises Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. , Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser lessor interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Napster Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, Lessee shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease Gross (Ventyx Biosciences, Inc.)

Termination; Merger. Unless specifically specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (ImmunityBio, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days days' following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Briazz Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual actual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in of the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (United Defense Industries Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, Lessee the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s Lessor election to have such event constitute the termination of such interestInterest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Osmetech PLC)

Termination; Merger. Unless specifically stated otherwise in writing by LessorXxxxxx, the voluntary or other surrender of this Lease by LesseeXxxxxx, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenanciessubtenancles. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interestInterest.

Appears in 1 contract

Samples: Lease Agreement (Reeds Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser lessor estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Immune Response Corp)

Termination; Merger. Unless specifically stated otherwise in writing wnting by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; , provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease Gross (Ventyx Biosciences, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, Lessee the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s Lessors election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser lessor interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interestevent.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Smtek International Inc)

Termination; Merger. Unless specifically stated otherwise in writing by LessorXxxxxx, the voluntary or other surrender of this Lease by LesseeXxxxxx, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser lessor interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Cerus Corp)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 1O days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Assignment of Lease (Vital Therapies Inc)

Termination; Merger. Unless specifically stated otherwise in writing by LessorXxxxxx, the voluntary or other surrender of this Lease by LesseeXxxxxx, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease Gross (Signing Day Sports, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Entech Environmental Technologies Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one anyone or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Nutech Digital Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interestInterest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Amendment (Copart Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenanciessubtenancles. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Guitar Center Inc)

Termination; Merger. Unless specifically stated otherwise in this Lease or in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Chromavision Medical Systems Inc)

Termination; Merger. Unless specifically stated otherwise in In writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interestInterest, shall constitute Lessor’s 's election to have such event constitute the termination of such interestInterest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (Motorcar Parts America Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to too have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (Navarre Corp /Mn/)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Us Search Corp Com)

Termination; Merger. Unless specifically stated otherwise in In writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interestInterest, shall constitute Lessor’s Lessors election to have such event constitute the termination of such interestInterest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Tangible Asset Gallaries Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. , Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial Commercial Single Tenant Lease (Accuride Corp)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. , Lessor’s 's failure within ten (1011 0) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial Commercial Single Tenant Lease Net (Ipl Systems Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor Lesser for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one anyone or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Aegis Assessments Inc)

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Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the PremisesPromises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Accelerated Networks Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, hereof or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Security Associates International Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (101 0) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Variflex Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Impco Technologies Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice wittxx xxxice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Consolidated Capital of North America Inc)

Termination; Merger. Unless specifically stated otherwise in writing by LessorXxxxxx, the voluntary or other surrender of this Lease by LesseeXxxxxx, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Oculus Innovative Sciences, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; Premises provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to Lo the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial Commercial Single Tenant Lease (En Pointe Technologies Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenanciessub-tenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (RxSight, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenanciessublenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (TTM Technologies Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.. INITIALS: ___________ __________

Appears in 1 contract

Samples: Lease Agreement (Silicon Storage Technology Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to of the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Temporary Library Lease Agreement

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, however that Lessor may elect to continue any one or all existing subtenanciessubtenants. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Impco Technologies Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenanciessubtenants. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interestInterest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Virco MFG Corporation)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by LesseeL4as see, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (101 0) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial Commercial Single Tenant Lease Gross (Modacad Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.. EXHIBIT 3.5 - continued

Appears in 1 contract

Samples: Building Lease (Sew Cal Logo Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one anyone or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Occam Networks Inc/De)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; , provided, however, that Lessor may elect to continue any one or all au existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Single Tenant Lease (Micrel Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in In the Premises; provided, however, that Lessor may elect to continue any one anyone or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interestInterest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Netguru Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s Lessors failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interestInterest, shall constitute Lessor’s 's election to have such event constitute the termination of such interestInterest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease (uWink, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.. ________ ________ INITIALS INITIALS

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Net (Glass House Brands Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, interest shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease Gross (Vincera Pharma, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to or elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease Gross (Xoma LTD /De/)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenanciessub tenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, interest shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Commercial Lease (Wilshire Bancorp Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the PremisesPromises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Nextest Systems Corp)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. , Lessor’s 's failure within ten (10110) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial Commercial Single Tenant Lease Net (Immune Response Corp)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessorlessor’s election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (SAVVIS, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, . shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease (Icon Vapor, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s Lessors failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease Gross (Singing Machine Co Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, Lessee shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, interest shall constitute Lessor’s lessor's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease (Energy Vault Holdings, Inc.)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Standard Industrial/Commercial Multi Tenant Lease Net (Divine Inc)

Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may elect to continue any one or all existing subtenancies. Lessor’s 's failure within ten (10) days following any such event to elect to the contrary by written notice to the holder of any such lesser Lessor interest, shall constitute Lessor’s 's election to have such event constitute the termination of such interest.

Appears in 1 contract

Samples: Lease Agreement (Sirena Apparel Group Inc)

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