Common use of CONTINUING ARRANGEMENTS PENDING RELEASE OF ASSIGNOR Clause in Contracts

CONTINUING ARRANGEMENTS PENDING RELEASE OF ASSIGNOR. Unless or until the earliest to occur of the following: (i) the Landlord has acknowledged in writing that Assignor is fully released of any obligations under the Lease, (ii) expiration of the Lease term on June 29, 2017, or (iii) Assignee has been adjudged to be fully released of all obligations under the Lease by a court, arbitrator, or other party having jurisdiction over a dispute under the Lease and such decision has become final and unappealable or any appeal thereof has been resolved without disturbing such determination, then Assignee shall have all of the obligations described in Section 7.1 and Assignor shall have all of the rights described in Section 7.2. After the occurrence of any of the events listed in the preceding clauses (i), (ii) or (iii), Sections 4.2, 7.1 and 7.2 shall be of no further force and effect.