Termination of Existing Leases. Notwithstanding anything to the contrary contained in this Agreement, the Seller may, with the written consent of the Purchaser, which consent shall not be unreasonably withheld (and which consent shall be deemed given three (3) business days following the Seller's notifying the Purchaser of its proposed action under this Section 10.2, unless Purchaser expressly objects to such action in writing prior to such time), but is not obligated, to institute summary proceedings against any tenant or terminate any Lease as a result of a default by the tenant thereunder prior to the Closing Date. The Seller makes no representations and assumes no responsibility with respect to (i) the continued occupancy of the Property or any part thereof by any tenant and (ii) the fulfillment by any tenant of its obligations under any Lease. The removal of a tenant whether by summary proceedings or otherwise prior to the Closing Date shall not give rise to any claim on the part of the Purchaser. Further, the Purchaser agrees that it shall not be grounds for the Purchaser's refusal to close this transaction that any tenant is a holdover tenant or in default under its Lease pursuant to any economic or non-economic terms of its Lease on the Closing Date and the Purchaser shall accept title subject to such holding over or default without credit against, or reduction of, the Purchase Price.
Termination of Existing Leases. Notwithstanding anything to the contrary contained in this Agreement, the Seller reserves the right, but is not obligated, to institute summary proceedings against any tenant or terminate any Lease as a result of a default by the tenant thereunder prior to the Closing Date. The Seller makes no representations and assumes no responsibility with respect to (i) the continued occupancy of the Property or any part thereof by any tenant and (ii) the fulfillment by any tenant of its obligations under any Lease. The removal of a tenant whether by summary proceedings or otherwise prior to the Closing Date shall not give rise to any claim on the part of the Purchaser. Further, the Purchaser agrees that it shall not be grounds for the Purchaser's refusal to close this transaction that any tenant is a holdover tenant or in default under its Lease pursuant to any economic or non-economic terms of its Lease on the Closing Date and the Purchaser shall accept title subject to such holding over or default without credit against, or reduction of, the Purchase Price.
Termination of Existing Leases. Landlord and Tenant hereby agree that the Building 543 Lease and the Land Lease shall automatically terminate as of the Commencement Date, and that the Building 19 Lease shall automatically terminate as of the last day of the TI Period. Concurrently with executing this Lease, the parties shall execute agreements evidencing the foregoing terminations in to fulfill Landlord’s real property records and reporting requirements. BE 543 154 EUL Final 120511 SAA2 – 402658
Termination of Existing Leases. Notwithstanding anything to the contrary contained in this Agreement, the Seller reserves the right, but is not obligated, to institute summary proceedings against any tenant or terminate the Sprint Lease or any portion thereof as a result of a default by any tenant thereunder prior to the Closing Date. The Seller makes no representations and assumes no responsibility with respect to the continued occupancy of the Property or any part thereof by any tenant. The removal of the Prime Tenant whether by summary proceedings or otherwise prior to the Closing Date shall not give rise to any claim hereunder on the part of the Purchaser. Further, the Purchaser agrees that it shall not be grounds for the Purchaser's refusal to close this transaction that the Prime Tenant is a holdover tenant or in default under the Sprint Lease pursuant to any economic or non- economic terms of the Sprint Lease on the Closing Date and the Purchaser shall accept title subject to such holding over or default without credit against, or reduction of, the Purchase Price.
Termination of Existing Leases. Tenant is currently leasing and in possession of a portion of the Initial Premises pursuant to: (i) that certain Lease Agreement dated as of June 21, 1999 between Landlord and Tenant (formerly known as NetPartners Internet Solutions, Inc., a Delaware corporation), as amended by that certain First Amendment to Lease Agreement dated as of August 2, 1999 between Landlord and Tenant, and that certain Second Amendment to Lease Agreement dated as of October 10, 2001 between Landlord and Tenant (collectively, the "FIRST EXISTING LEASE"); and (ii) that certain Lease Agreement dated as of February 12, 2000 between Landlord and Tenant, as amended by that certain First Amendment to Lease Agreement dated as of June 2, 2000 between Landlord and Tenant, that certain Second Amendment to Lease Agreement dated as of June 27, 2000 between Landlord and Tenant, and that certain Third Amendment to Lease Agreement dated as of January 16, 2001 between Landlord and Tenant (collectively, the "SECOND EXISTING LEASE"; the First Existing Lease and Second Existing Lease are collectively, the "EXISTING LEASES"). Pursuant to the First Existing Lease, Tenant is also leasing certain space in the 10220 Building as more particularly described in the First Existing Lease (the "EXISTING 10220 SPACE"). Landlord and Tenant hereby acknowledge and agree that: (A) the First Existing Lease shall expire in accordance with its terms at the end of August 31, 2002 or such earlier date with respect to the Existing 10220 Space as set forth in this Section 2.2 below; and (B) notwithstanding the Second Existing Lease to the contrary which is scheduled to expire on August 31, 2003, the Second Existing Lease shall terminate early at the end of August 31, 2002, and neither party shall have any further obligations under the Second Existing Lease arising from and after the date of such termination, except those obligations which expressly survive such termination. Notwithstanding such expiration of the First Existing Lease and early termination of the Second Existing Lease, Tenant shall remain in possession of the Initial Premises pursuant to the terms of this Lease, and Landlord shall retain the security deposit currently held by Landlord under the First Existing Lease in the amount of $54,462.00 and the security deposit currently held by Landlord under the Second Existing Lease in the amount of $12,813.00 (collectively, the "EXISTING SECURITY DEPOSIT") as part of the Security Deposit to be provided by Tenant ...
Termination of Existing Leases. On the Closing Date with respect to such Aircraft, Seller and Purchaser shall enter into and record appropriate terminations (each a “Lease Termination Agreement”) of the corresponding Existing Lease for each of the Aircraft, and shall terminate all related documentation, including, without limitation, any participation agreements and tax indemnity agreements relating thereto. In the event the Closing Date with respect to any Aircraft does not occur, the Existing Leases for such Aircraft shall be amended to reflect the pro rata allocation of the Maintenance Reserves and Security Deposits.
Termination of Existing Leases. Notwithstanding anything to the contrary contained in this Agreement, the Sellers shall not institute summary proceedings against any tenant or terminate any Lease as a result of a default by the tenant thereunder without the Purchaser's prior written consent (which may be delivered via telecopier) shall be given or denied, in the Purchaser's sole discretion, within three (3) business days after receipt by the Purchaser of the Sellers' notice requesting the Purchaser's consent to such proposed action. If the Purchaser shall fail to reply to the Sellers' request for consent in writing within such period, the Purchaser's consent shall be deemed to have been granted. The Sellers shall not be obligated to terminate any Lease or initiate such summary proceedings. The Sellers make no representations and assume no responsibility with respect to the continued occupancy of the Shopping Centers or any part thereof by any tenant. The removal of a tenant whether by summary proceedings or otherwise pursuant to this Section 11.2 shall not give rise to any claim
Termination of Existing Leases. An agreement fully terminating the existing leases at the Property, executed by Seller and Mercury, in a form and substance reasonably acceptable to Buyer and Buyer’s Title Company.
Termination of Existing Leases. Any and all existing leases for the Land and the Building and Fixtures, including but not limited to the Old Lease Agreement and any lease and/or sublease agreements for the Land and/or Building and Fixtures between VCGH and the Company, shall have been terminated.
Termination of Existing Leases. Any and all existing leases for the Premises, including but not limited to the Lease Agreement shall have been terminated.
