Merger of Estates. The voluntary or other surrender of this Lease by Tenant or a mutual cancellation thereof, shall not constitute a merger; and upon such surrender or cancellation of this Lease, Landlord shall have the option, in Landlord's sole discretion, to (i) either terminate all or any existing subleases or subtenancies, or (ii) assume Tenant's interest in any or all subleases or subtenancies.
Appears in 5 contracts
Sources: Office Lease Agreement (Benz Energy LTD /Can/), Lease Agreement (Focal Communications Corp), Lease Agreement (Wyndham Hotel Corp)
Merger of Estates. The voluntary or other surrender of this Lease by Tenant or a mutual cancellation thereof, of this agreement shall not constitute cause a merger; , and upon such surrender or cancellation of this Leaseshall, Landlord shall have the at Landlord's option, in Landlord's sole discretion, to (i) either terminate all or any existing subleases sublease or subtenancies, or (ii) assume or, at Landlord's option, may operate as an assignment to Landlord of Tenant's interest in any or all subleases or subtenancies.
Appears in 2 contracts
Sources: Lease Agreement (H R Window Supply Inc), Lease Agreement (H R Window Supply Inc)
Merger of Estates. The voluntary or other surrender of this Lease by Tenant or a mutual cancellation thereof, shall not constitute work a merger; , and upon such surrender or cancellation shall, at the option of this LeaseLandlord, Landlord shall have the option, in Landlord's sole discretion, to (i) either terminate all or any existing subleases or subtenancies, or (ii) assume may, at the option of Landlord, operate as an assignment to it of Tenant's interest in any or all such subleases or subtenancies.
Appears in 1 contract
Sources: Lease Agreement (Telvent Git S A)
Merger of Estates. The voluntary or other surrender of ------------------ this Lease by Tenant or a mutual cancellation thereof, shall not constitute a merger; merger and upon such surrender or cancellation shall, at the option of this LeaseLandlord, Landlord shall have the option, in Landlord's sole discretion, to (i) either terminate all or any existing subleases or subtenancies, or (ii) assume operate as an assignment to Landlord of Tenant's interest in any or all such subleases or subtenancies.
Appears in 1 contract