Common use of Termination, Surrender and Abandonment Clause in Contracts

Termination, Surrender and Abandonment. No act or conduct of Landlord, including, without limitation, efforts to re-lease the Premises or an action in unlawful detainer or service of notice upon Tenant or surrender of possession by Tenant pursuant to such notice or action, shall extinguish the liability of Tenant to pay Rent or other sums due hereunder or terminate this Lease, unless Landlord notifies Tenant in writing of Landlord’s election to terminate this Lease. No act or conduct of Landlord, including the acceptance of the keys to the Premises, other than a written acknowledgment of acceptance of surrender signed by Xxxxxxxx, shall be deemed to be or constitute an acceptance of the surrender of the Premises by Tenant prior to the expiration of the Lease Term. The surrender of this Lease by Xxxxxx, voluntarily or otherwise, shall, at Landlord’s option, operate as an assignment to Landlord of any and all existing assignments and subleases, or Landlord may elect to terminate any or all of such assignments and subleases by notifying the assignees and sublessees of its election within thirty (30) days after such surrender.

Appears in 2 contracts

Samples: Standard Office Lease (GRI BIO, Inc.), Office Lease (Vallon Pharmaceuticals, Inc.)

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Termination, Surrender and Abandonment. No act or conduct of Landlord, including, without limitation, efforts to re-lease the Premises or an action in unlawful detainer or service of notice upon Tenant or surrender of possession by Tenant pursuant to such notice or action, shall extinguish the liability of Tenant to pay Rent or other sums due hereunder or terminate this Lease, unless Landlord notifies Tenant in writing of Landlord’s election to terminate this Lease. No act or conduct of Landlord, including the acceptance of the keys to the Premises, other than a written acknowledgment of acceptance of surrender signed by XxxxxxxxLandlord, shall be deemed to be or constitute an acceptance of the surrender of the Premises by Tenant prior to the expiration of the Lease Term. The surrender of this Lease by XxxxxxTenant, voluntarily or otherwise, shall, at Landlord’s option, operate as an assignment to Landlord of any and all existing assignments and subleases, or Landlord may elect to terminate any or all of such assignments and subleases by notifying the assignees and sublessees of its election within thirty (30) days after such surrender.

Appears in 2 contracts

Samples: Office Lease (Equillium, Inc.), Office Lease (Equillium, Inc.)

Termination, Surrender and Abandonment. No act acts or conduct of -------------------------------------- Landlord, including, without limitation, efforts to re-lease relet the Premises or Demised Premises, an action in unlawful detainer or service of notice upon Tenant or surrender of possession by Tenant pursuant to such notice or action, shall extinguish the liability of Tenant to pay Rent rent or other sums due hereunder or terminate this Lease, unless Landlord notifies Tenant in writing of Landlord’s 's election to terminate this Lease. No act or conduct of Landlord, including the acceptance of the keys to the Demised Premises, other than a written acknowledgment of acceptance of surrender signed by XxxxxxxxLandlord, shall be deemed to be or constitute an acceptance of the surrender of the Demised Premises by Tenant prior to the expiration of the Lease Termterm. The surrender of this Lease by XxxxxxTenant, voluntarily or otherwise, shall, at Landlord’s 's option, operate as an assignment to Landlord of any and all existing assignments and subleases, or, except for any assignments which are permitted or which Landlord has given consent in accordance with Article XVIII, Landlord may elect to terminate any or all of such assignments and subleases by notifying the assignees and sublessees of its election within thirty fifteen (3015) days after such surrender.

Appears in 1 contract

Samples: Sublease (Microsoft Corp)

Termination, Surrender and Abandonment. No act acts or conduct of -------------------------------------- Landlord, including, without limitation, efforts to re-lease relet the Premises or Demised Premises, an action in unlawful detainer or service of notice upon Tenant or surrender of possession by Tenant pursuant to such notice or action, shall extinguish the liability of Tenant to pay Rent rent or other sums due hereunder or terminate this Lease, unless Landlord notifies Tenant in writing of Landlord’s 's election to terminate this Lease. No act or conduct of Landlord, including the acceptance of the keys to the Demised Premises, other than a written acknowledgment acknowledgement of acceptance of surrender signed by XxxxxxxxLandlord, shall be deemed to be or constitute an acceptance of the surrender of the Demised Premises by Tenant prior to the expiration of the Lease Termterm. The surrender of this Lease by XxxxxxTenant, voluntarily or otherwise, shall, at Landlord’s 's option, operate as an assignment to Landlord of any and all existing assignments and subleases, or, except for any assignments which are permitted or which Landlord has given consent in accordance with Article XVIII, Landlord may elect to terminate any or all of such assignments and subleases by notifying the assignees and sublessees of its election within thirty fifteen (3015) days after such surrender.

Appears in 1 contract

Samples: Sublease (Microsoft Corp)

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Termination, Surrender and Abandonment. No act or conduct of Landlord, including, without limitation, efforts to re-lease relet the Premises or Premises, an action in unlawful detainer or service of notice upon Tenant or surrender of possession by Tenant pursuant to such notice or action, shall extinguish the liability of Tenant to pay Rent rent or other sums due hereunder or terminate this Lease, unless Landlord notifies Tenant in writing of Landlord’s election Landxxxx'x xlection to terminate this Lease. No act or conduct of Landlord, including the acceptance of the keys to the Premises, other than a written acknowledgment of acceptance of surrender signed by XxxxxxxxLandxxxx, shall xxall be deemed to be or constitute an acceptance of the surrender of the Premises by Tenant prior to the expiration of the Lease Termterm. The surrender of this Lease by XxxxxxTenaxx, voluntarily xxluntarily or otherwise, shall, at Landlord’s 's option, operate as an assignment to Landlord of any and all existing assignments and subleases, or Landlord may elect to terminate any or all of such assignments and subleases by notifying the assignees and sublessees of its election within thirty fifteen (3015) days after such surrender.

Appears in 1 contract

Samples: Lease Agreement (Garage Com)

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