Common use of Termination of Master Lease Clause in Contracts

Termination of Master Lease. If Master Lessor and Sublessor jointly and voluntarily elect, for any reason whatsoever, to terminate the Master Lease prior to the scheduled Master Lease termination date, then this Sublease (if then still in effect) shall terminate concurrently with the termination of the Master Lease given 30 days written notice. In the event of the Master Lease termination, Sublessee shall be compensated by Sublessor the unused portion of prepaid rental.

Appears in 4 contracts

Samples: Sublease (Mti Technology Corp), Sublease (Mti Technology Corp), Sublease (Mti Technology Corp)

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Termination of Master Lease. If This Sublease is and shall at all times be subordinate to the Master Lessor and Sublessor jointly and voluntarily elect, for any reason whatsoever, to terminate Lease. In the event the Master Lease prior to is terminated for any reason, then, on the scheduled Master Lease termination datedate of such termination, then this Sublease (if then still in effect) automatically shall terminate concurrently with and be of no further force or effect. If the termination of the Master Lease given 30 days written notice. In (and the event resulting termination of the Master Lease terminationthis Sublease) occurs through no fault of Sublessor, Sublessee Sublessor shall be compensated by Sublessor the unused portion of prepaid rentalhave no liability therefor to Sublessee.

Appears in 3 contracts

Samples: Sublease Agreement (Imanage Inc), Sublease Agreement (Imanage Inc), Sublease Agreement (Imanage Inc)

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Termination of Master Lease. If Master Lessor and Sublessor jointly and voluntarily elect, for any reason whatsoever, to terminate the Master Lease prior to the scheduled Master Lease termination date, then this Sublease (if then still in effect) shall terminate concurrently with the termination of the Master Lease given 30 365 days written noticenotice with no changes to the monthly rental. In the event of the Master Lease termination, Sublessee shall be compensated by Sublessor for the unused portion of prepaid rental.

Appears in 2 contracts

Samples: Sublease (Leadis Technology Inc), Sublease (Mti Technology Corp)

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