Examples of Release Premises in a sentence
If, as of the date that is thirty (30) days after Release Premises Election Date, any Coterminous Former Release Premises has not been designated by Tenant as either Type A Coterminous Former Release Premises or Type B Coterminous Former Release Premises, then such theretofore undesignated Coterminous Former Release Premises shall be deemed designated as Type A Coterminous Former Release Premises.
Tenant may designate some portions of any Coterminous Former Release Premises as Type A Coterminous Former Release Premises and other portions thereof as Type B Coterminous Former Release Premises.
Tenant shall be permitted to make different elections with respect to different portions of the Release Premises.
If Tenant fails to notify Landlord of its election with respect to any portion of the Release Premises prior to the expiration of the Release Premises Election Date, then Tenant shall be deemed to have elected to surrender such portion of the Release Premises not later than the expiration of the Preliminary Period.
Commencing on the Closing Date, Purchaser, as landlord, shall lease to Seller, as tenant, the Leased Premises and the Release Premises at each Property conveyed on the Closing Date (and which contains either Leased Premises or Release Premises) by separate lease agreements in the form set forth on Exhibit P hereto (each, a “Lease Agreement” and, collectively, the “Lease Agreements”).