Common use of Termination of Memorandum Clause in Contracts

Termination of Memorandum. In consideration of the rights granted to Tenant under the Lease, Tenant has agreed that this Memorandum shall terminate ipso facto on the earlier of the termination of the Lease or the expiration of the term of the Lease. This clause shall be self operative and no further instruments are required to effectuate such termination, provided, however, that Tenant agrees to execute and file a termination of this Memorandum upon Landlord’s request.

Termination of Memorandum. In consideration of the rights granted to Tenant under the Lease, Tenant has agreed that this Memorandum shall terminate ipso facto on the earlier of the termination of the Lease or the expiration of the term of the Lease. This clause shall be self self-operative and no further instruments are required to effectuate such termination, provided, however, that Tenant agrees to execute and file a termination of this Memorandum upon Landlord’s 's request.

Termination of Memorandum. In consideration Upon the expiration or earlier termination of the rights granted to Tenant under the Lease, Tenant has agreed that this Memorandum Landlord shall terminate ipso facto on have the earlier of the termination of the Lease or the expiration of the term of the Lease. This clause shall be self operative and no further instruments are required right to effectuate such termination, provided, however, that Tenant agrees to execute and file record a termination of this Memorandum upon Landlordto provide record notice that the Lease and Tenant’s option to purchase the Premises are of no further force and effect. Tenant acknowledges and agrees that Tenant need not execute such termination so long as the Lease has expired or been terminated; provided that Tenant shall execute any reasonable termination of this Memorandum, promptly following Xxxxxxxx’s request.