Modification or Termination of Lease Sample Clauses

Modification or Termination of Lease. This Lease shall not be modified or amended without the prior written consent in its sole discretion of each then existing Encumbrance Holder with respect to Lessee's entire leasehold interest in this Lease or all of the Ownership Interests in Lessee. Further, this Lease may not be surrendered or terminated (other than in accordance with the provisions of this Article 12) without the prior written consent of each such Encumbrance Holder in its sole discretion. No such modification, amendment, surrender or termination without the prior written consent of each such then existing Encumbrance Holder shall be binding on any such Encumbrance Holder or any other person who acquires title to its foreclosed interest pursuant to a Foreclosure Transfer.
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Modification or Termination of Lease. Tenant acknowledges that Landlord will not surrender or consent to the modification or amendment of any of the terms of the Lease nor to the termination thereof by the Landlord without the prior written consent of the Agent, which consent shall be obtained in writing thirty (30) days in advance by Landlord. Tenant will not terminate or seek to terminate the Lease by reason of a taking under eminent domain, by reason of any act or omission of the Landlord, or any other default under the Lease, or exercise any right under the Lease to make deductions from or reductions in rental payments until Tenant shall have given written notice of such taking, act, omission or other default to the Agent as hereinafter provided for under the terms and conditions of the Lease. Tenant will allow the Agent thirty (30) days from its receipt of said notice within which the Agent shall have the right, but shall not be obligated, to remedy such act, omission or other default and Tenant will accept such performance by the Agent; provided, however, if the act, omission or other default cannot with due diligence be remedied within such thirty (30) day period, then the Agent shall have a reasonable time in which to remedy the same provided the Agent commences to remedy the same within such thirty (30) day period and thereafter proceeds with due diligence to complete the remedy thereof. Notice to the Agent under this Agreement shall be sent to the Agent at the following address, or such other address as the Agent shall designate to the Tenant in writing: Bank of America, N.A., as Agent 101 North Tryon Street, NC1-001-15-02 Charlott▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: Agency Management Notwithstanding the foregoing, Tenant shall have the right without prior notice to the Agent to make repairs if Tenant determines in good faith that a bona-fide emergency precludes the giving of such notice. In the event of such an emergency, Tenant may present to Landlord a demand for reimbursement to the extent permitted under the Lease, but Tenant will not make deductions from or reductions in rental to recoup such expenses until Tenant shall give the Agent notice of such repairs and such demand and a thirty (30) day period to cause such reimbursement to be made.
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Modification or Termination of Lease. As between Landlord and Beneficiary, the Lease shall not be supplemented, modified or amended without the prior written consent of Beneficiary, which consent may not be unreasonably withheld, delayed or conditioned and shall be deemed approved if not withheld in writing with ten (10) business days of receipt by Beneficiary of such proposed supplement, modification or amendment (without limiting any consent rights as between Beneficiary and Tenant pursuant to the Loan Documents). Further, the Lease may not be surrendered or terminated without Beneficiary's consent unless (i) a default in the payment of rent, taxes or other charges owing to Landlord under the Lease occurs, and
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Related to Modification or Termination of Lease

  • Modification or Termination The Loan Documents may only be modified or terminated by a written instrument or instruments intended for that purpose and executed by the party against which enforcement of the modification or termination is asserted. Any alleged modification or termination which is not so documented shall not be effective as to any party.

  • Termination of Lease Should Landlord elect to terminate this Lease pursuant to the provisions of Sections 24.1 (a) or (c) above, Landlord may recover from Tenant, as damages, the following: (a) The worth at the time of award of any unpaid rental which had been earned at the time of the termination, plus (b) the worth at the time of award of the amount by which the unpaid rental which would have been earned after termination until the time of award exceeds the amount of rental loss Tenant proves could have been reasonably avoided, plus (c) the worth at the time of award of the amount by which the unpaid rental for the balance of the Term after the time of award exceeds the amount of rental loss that Tenant proves could be reasonably avoided, plus (d) any other amounts necessary to compensate Landlord for all the detriment proximately caused by Tenant's failure to perform its obligations under this Lease or which, in the ordinary course of things, would be likely to result therefrom including, but not limited to, any costs or expenses incurred by Landlord in (i) retaking possession of the Premises, including reasonable attorneys' fees therefor, (ii) maintaining or preserving the Premises after any default, (iii) preparing the Premises for reletting to a new tenant, including repairs or alterations to the Premises, (iv) leasing commissions, or (v) any other costs necessary or appropriate to relet the Premises, plus (e) at Landlord's election, any other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by the laws of the State of Nevada. As used in subparagraphs (a) and (b) above, the "worth at the time of award" is computed by allowing interest at the maximum lawful rate. As used in subparagraph (c) above, the "worth at the time of award" is computed by discounting such amount at the discount rate of the Federal Reserve Bank situated nearest to the location of the Shopping Center at the time of award plus one percent (1%).

  • Modification of Lease Should any current or prospective mortgagee or ground lessor for the Building or Project require a modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor.

  • Amendment or Termination of Agreement This Agreement may be changed or terminated only upon the mutual written consent of the Company and Executive. The written consent of the Company to a change or termination of this Agreement must be signed by an executive officer of the Company after such change or termination has been approved by the Board.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.