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, Lessor shall, in the event of any such surrender, termination or cancellation, have the option to continue any one or all of any existing subtenancies.

Appears in 2 contracts

Samples: Single Tenant Lease (Microage Inc /De/), Single Tenant Lease (Microage Inc /De/)

AutoNDA by SimpleDocs

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 shall, in the event of any such surrender, termination or cancellation, have the at Lessor’s sole option may elect to continue any one or all of any existing subtenanciessub-tenancies.

Appears in 1 contract

Samples: Industrial/Commercial Single Tenant Lease (Stevanato Group S.p.A.)

AutoNDA by SimpleDocs

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 shall, in the event of any such surrender, termination or cancellation, have the option may elect to continue any one or all of any existing subtenancies.. Lessor's failure within 10 days following any such event to elect to the contrary by

Appears in 1 contract

Samples: Standard Multi Tenant Office Lease Net

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!