Termination of Ground Lease. As of the Effective Date, BNPPLC hereby surrenders all of its right title and interest in the Ground Lease unto NAI, subject only to the “Permitted Encumbrances” described in Annex B attached hereto and incorporated herein by this reference, and the Ground Lease is hereby terminated. Notwithstanding anything to the contrary in this Agreement, BNPPLC does, for itself and its successors, covenant, warrant and agree to defend the title to the Land against claims and demands of any person claiming under or through a Lien Removable by BNPPLC. Except as expressly set forth in the preceding sentence, BNPPLC makes no warranty of title, express or implied.
Termination of Ground Lease. In the event of a District’s Event of Default of the District under this Ground Lease, the Tenant may cancel this Ground Lease by written notice to the District. Except to the extent the Tenant is otherwise indebted to the District, all deposits, unearned rent and other unearned payments by the Tenant under this Ground Lease shall be returned to the Tenant immediately upon such cancellation.
Termination of Ground Lease. Upon receipt by Brazos of the purchase price payable in connection with any sale or purchase of any Property under this ARTICLE XI, together with all additional payments required under SECTION 11.5 with respect to such Property, this Ground Lease shall terminate with respect to such Property.
Termination of Ground Lease. From and after the date of closing of the sale of the Ground Leased Premises to Tenant pursuant to the foregoing provision, this Ground Lease shall be deemed terminated and Tenant shall be released from any further liability hereunder (except if any such liability expressly survives such termination) or, alternatively, should Tenant not desire to merge the fee and leasehold titles, the Ground Lease shall continue in full force and effect except Landlord shall be completely released from any further liability hereunder.
Termination of Ground Lease. If the Ground Lease is cancelled, terminated or surrendered, whether voluntarily or involuntarily or by operation of law, prior to the expiration date of the Sublease, then the Sublease will continue in full force and effect as a direct lease between Owner, as owner, and Subtenant, as tenant, upon and subject to the terms in the Sublease. Owner will not disturb the possession of Subtenant and Owner agrees to be bound by all of the terms and conditions contained in the Sublease, and assignments, except such terms as are not applicable to the remainder of the term of the Sublease. Owner will also not be:
8.1 liable for any act, omission or default of Tenant or any prior tenant, as owner under the Sublease, unless such act, omission or default is otherwise applicable to the period after the cancellation, termination or surrender of the Ground Lease;
8.2 liable for any damage or other relief attributable to any breach or any representation or warranty contained in the Sublease by Tenant or any prior tenant, as owner under the Sublease;
8.3 subject to any offsets or defenses which Subtenant might have against Tenant or any prior tenant, as owner under the Sublease;
8.4 bound by any prepayment of rent or additional rent which Subtenant might have paid for more than the current month to Tenant or any prior tenant, as landlord under the Sublease, except for prepayments of additional rent made on account of operating expenses and real estate taxes in accordance with the terms of the Sublease; or
8.5 bound by any amendment or modification of the Sublease or by any waiver or forbearance on the part of Tenant or any prior tenant, as landlord under the Sublease, made or given without Owner’s written consent, but only if such amendment, modification, waiver or forbearance without the consent of Owner is prohibited by the terms of the Ground Lease.
Termination of Ground Lease. The Corporation and the County hereby terminate the Site Lease. From and after the date of recordation of this Agreement, the Site Lease shall be of no force and effect.
Termination of Ground Lease. (a) If for any reason the Ground Lease shall terminate prior to the Term Commencement Date under the Ground Lease, then this Agreement shall thereupon automatically terminate and be of no further force or effect, subject to Section 6.03.
(b) If for any reason the Ground Lease shall terminate on or after the Term Commencement Date under the Ground Lease, then this Agreement shall not terminate and shall continue in full force and affect; provided, however, that if Developer elects to terminate the REA pursuant to the terms thereof upon the termination of the Ground Lease, then this Agreement shall automatically terminate and be of no further force or effect upon such election by Developer.
Termination of Ground Lease. 22 Section 11.7. SURRENDER OF PROPERTY. . . . . . . . . . . . . . . . . . . . . 23
Termination of Ground Lease. At or prior to Closing, Fee Owner and Leasehold Owner shall terminate the Existing Ground Lease to the extent that it affects the BNA Lot, such that the transfer of the BNA Lot and Improvements to Purchaser pursuant to this Agreement is free and clear of any leasehold interest of Leasehold Owner.
Termination of Ground Lease. At the closing of the Closing Date, Seller and Purchaser shall execute and deliver to one another:
A. A mutually agreed instrument recreating the easements for Common Areas and Common Utility Facilities set forth in the Ground Lease;
B. Any mutually desired and agreed amendments to or restatements of the Common Facilities Agreement; and
C. A mutually agreed instrument terminating the Ground Lease.
