Common use of Voluntary Surrender Clause in Contracts

Voluntary Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, but shall, at the option of Landlord, terminate all or any existing subleases or subtenancies, or operate as an assignment to it of any or all such subleases or subtenancies.

Appears in 3 contracts

Samples: Lease Agreement (Eschelon Telecom Inc), Lease Agreement (Eschelon Telecom Inc), Commercial Lease (Freei Networks Inc)

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Voluntary Surrender. The voluntary or other surrender of this Lease by TenantLessee, or a mutual cancellation thereof, shall not work a merger, but shall, at the option of LandlordLessor, terminate all or any existing subleases or subtenancies, or operate as an assignment to it Lessor of any or all such subleases or subtenancies.

Appears in 3 contracts

Samples: Building E Lease (Xoma Corp /De/), Light Industrial Lease (Quintus Corp), Light Industrial Lease (Novellus Systems Inc)

Voluntary Surrender. The voluntary or other surrender of this Lease by TenantTenant if accepted by Landlord, or a mutual cancellation thereof, shall not work a merger, but shall, at the option of Landlord, terminate all or any existing subleases or subtenancies, or operate as an assignment to it Landlord of any or all such subleases or subtenancies.

Appears in 3 contracts

Samples: Triple Net Laboratory Lease (Dynavax Technologies Corp), Triple Net Laboratory Lease (Dynavax Technologies Corp), Laboratory Lease (Dynavax Technologies Corp)

Voluntary Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, but shallbut, at the option of Landlord, shall terminate all or any existing subleases or subtenancies, and subtenancies or operate as an assignment to it Landlord of any or all such subleases or subtenancies.

Appears in 2 contracts

Samples: Office Lease (Smartsheet Inc), Office Lease (Smartsheet Inc)

Voluntary Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation termination thereof, shall not work a merger, but shall, at the option of Landlord, terminate all or any existing subleases or subtenancies, or operate as an assignment to it Landlord of any or all such subleases or subtenancies.

Appears in 2 contracts

Samples: Office Lease (Eddie Bauer Holdings, Inc.), Office Lease (Eddie Bauer Holdings, Inc.)

Voluntary Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, but and shall, at the option of Landlord, terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to it of any or all such subleases or subtenancies.

Appears in 2 contracts

Samples: Office Lease, Deed of Lease (Certicom Corp)

Voluntary Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, thereof shall not work as a merger, merger but shall, at the option of Landlord, terminate any or all existing leases or any existing subleases or subtenancies, subtenancies or operate as an assignment to it Landlord of any or all such subleases leases or subtenancies.

Appears in 1 contract

Samples: Lease Agreement

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Voluntary Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, but shall, at the option of Landlord, either (i) terminate all or any existing subleases or subtenancies, or (ii) operate as an assignment to it Landlord of any or all such subleases or subtenancies.

Appears in 1 contract

Samples: Lease Agreement (Fair Isaac & Company Inc)

Voluntary Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, thereof shall not work as a merger, merger but shall, at the option of Landlord, terminate any or all or any existing subleases or subtenancies, subtenancies or operate as an assignment to it Landlord of any or all such subleases or subtenancies.

Appears in 1 contract

Samples: Lease Agreement (FNB Bancorp/Ca/)

Voluntary Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, but merger and shall, at the option of Landlord, terminate all or any existing subleases or subtenancies, or may, at the option of Landlord, operate as an assignment to it Landlord of any or all such subleases or subtenancies.

Appears in 1 contract

Samples: Lease Agreement (Women Com Networks Inc)

Voluntary Surrender. The voluntary or other surrender of this Lease by Tenanttenant, or a mutual cancellation thereof, shall not work a merger, but shall, at the option of Landlord, terminate all or any existing subleases or subtenancies, or operate as an assignment to it of any or all such subleases or subtenancies.

Appears in 1 contract

Samples: Lease Agreement (Covol Technologies Inc)

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