Termination of Existing Lease Sample Clauses
Termination of Existing Lease. Lessor and Lessee are currently parties to a certain Standard Sublease dated November 25, 1997 (the “Existing Lease”) pursuant to which Lessee leases certain portions of the Project consisting of buildings 1 and 4 and the third floor of the Office Building. Commencing upon the later of (i) the date that Lessee is required to vacate the Office Building upon and subject to the terms set forth in Lessor’s written notice or (ii) the date that Lessee actually vacates the Office Building (and removes all of its personal property therefrom), Lessee’s rent payable under the Existing Lease shall be reduced pro rata by the amount of rent payable by Lessee under the Existing Lease for the portion of the Office Building leased and vacated by Lessee. Furthermore, commencing upon Lessor’s commencement of the demolition of buildings 1 and 4 (the Human Resource building and Security building) included within Construction Xxxxx 0, Xxxxxx shall be relieved of paying future rent under the Existing Lease and Lessor and Lessee shall execute a commercially reasonable Lease Termination Agreement promptly following the commencement of demolition of buildings 1 and 4. If after the above-mentioned pro-rata reduction in rent (y) the remaining monthly rent payable under the Existing Lease for the period following such reduction and until the termination of the Existing Lease plus (z) the monthly Base Rent payable under this Lease for the same period exceeds 100% of the total monthly Base Rent (as calculated under Paragraph 1.5 of this Lease), then Lessee shall only be responsible to pay an amount equal to 100% of the total monthly Base Rent payable under this Lease as if substantial completion of Construction Phase 3 had occurred for such period, as monthly rental under both this Lease and the Existing Lease. If the Final Base Rent Statement discloses that Lessee has paid in excess of 100% of the monthly Base Rent payable under this Lease (as if substantial completion of Construction Phase 3 had occurred for such period) for such period, Lessee may deduct such excess from subsequent monthly Base Rent payments until such excess has been fully recovered by Lessee.”
Termination of Existing Lease. Effective as the date of this Lease, the Existing Lease is terminated in its entirety and of no further force or effect.
Termination of Existing Lease. The document terminating the Existing Lease and related documents in the form set forth in Exhibit F attached hereto and made a part hereof.
Termination of Existing Lease. Tenant leases the eleventh floor and a portion of the third floor pursuant to an existing lease entered into by Landlord's predecessor in interest as previously amended. Effective upon the Commencement Date, the existing lease shall automatically terminate, except for Tenant's obligations thereunder that expressly survive such termination or Tenant's obligations thereunder that have not been, but should have been, performed prior to the Commencement Date.
Termination of Existing Lease. Effective as of 11:59 p.m. on the day immediately preceding the Commencement Date, that certain Lease Agreement (the "Existing Lease") by and between Landlord and Tenant, dated November 30, 1992 relating to a portion of the Leased Property, shall terminate and be of no further force or effect. Provided, however, in the event this Lease becomes null and void for any reason prior to the Commencement Date, the Existing Lease shall not be terminated and shall remain enforceable in accordance with its terms to the same extent and effect as if this Lease had never been executed and delivered in the first instance.
Termination of Existing Lease. Effective as of the Commencement Date hereunder, Landlord and Tenant acknowledge and agree that the Lease entered into between Landlord and Tenant dated January 5, 1999 pertaining to the lease by Tenant from Landlord of a portion of the Premises shall automatically and immediately terminate and be of no further force and effect.
Termination of Existing Lease. Landlord and Tenant's predecessor-in-interest, Endgate Technology Corporation, a California corporation, are currently parties to an industrial space lease dated July 22, 1994 for the Building located at 000 Xxxxxx Xxx, Xxxxxxxxx, Xxxxxxxxxx, which lease was amended by First Amendment to Lease dated June 17, 1996 (as amended, the "Existing Lease"). The parties agree that the Existing Lease shall terminate effective as of the day preceding the Commencement Date of this Lease, provided that such termination shall not relieve Tenant of (a) any accrued obligation or liability under the Existing Lease as of said termination date, or (b) any obligation under the Existing Lease which was reasonably intended to survive the exploration or termination thereof. Any advance rental paid by Tenant under the Existing Lease shall be rebated by Landlord or applied to the rent due hereunder. LANDLORD: TENANT THE IRVlNE COMPANY, ENDGATE CORPORATION, a Michigan corporation a Delaware corporation By: /s/ Xxxxxxxx X. Xxxxxx, By /s/ Xxxxxx X. Xxxxxx ----------------------------------- -------------------------- Xxxxxxxx X. Xxxxxx Name Xxxxxx X. Xxxxxx ------------------------ President, Irvine Industrial Company Title President & CEO ---------------------- a division of the Irving Company By: /s/ Xxxx X. Xxx By /s/ Xxxxxxxx X. Xxxxxxx ------------------------------------- -------------------------- Xxxx X. Xxx Name Xxxxxxxx X. Xxxxxxx Assistant Secretary ------------------------ Title VP Administration Of Controller ------------------------------- EXHIBIT A DESCRIPTION OF PREMISES DESCRIPTION OF PREMISES [FLOOR PLAN] DESCRIPTION OF THE SITE [SITE PLAN] EXHIBIT B IRVINE INDUSTRIAL COMPANY HAZARDOUS MATERIALS SURVEY FORM The purpose of this form is to obtain information regarding the use of hazardous substances on Irvine Industrial Company property. Prospective tenants and contractors should answer the questions in light of their proposed operations on the premises. Existing tenants and contractors should answer the questions as they relate to ongoing operations on the premises and should update any information previously submitted. If additional space is needed to answer the questions, you may attach separate sheets of paper to this form. When completed, the form should be sent to the following address: ---------------------------- ---------------------------- ---------------------------- (insert address of Property Management Company) Your cooperation in this matter is appreciat...
Termination of Existing Lease. Landlord and Tenant are party to that certain Standard Office Lease dated November 23, 2015 (“Suite 206 Lease”), for certain premises located in the Building commonly known as Suite 206 (“Suite 206”). Tenant shall vacate and surrender possession of Suite 206 in the condition required by the Suite 206 Lease no later than 11:59 pm, Pacific Time, three (3) days following receipt of written notice from Landlord to do so (the “Surrender Date”), provided that Tenant shall not be required to vacate and surrender Suite 206 prior to 11:59 p.m. Pacific Standard Time on July 7, 2017. The Suite 206 Lease shall terminate as of the earlier of (a) Tenant’s vacation and surrender of possession of Suite 206; and (b) the Surrender Date. Tenant’s failure to timely surrender possession and vacate Suite 206 pursuant to this Section shall be (i) deemed a holdover in possession of Suite 206 pursuant to Section 25 of the Suite 206 Lease; provided, however, such shall be a tenancy at sufferance and not a month-to- month tenancy; and (ii) a Tenant Delay.
Termination of Existing Lease. The Existing Lease is hereby rescinded and terminated effective as of midnight, August 31, 1986.
Termination of Existing Lease. If Tenant is occupying the Premises under an existing lease agreement with Landlord, the term of the existing lease will terminate as of 11:59 p.m. on the date immediately preceding the Commencement Date, without the necessity of any other notice from or to either party. Any continuing default under the existing lease will be deemed a default under this Lease.