Common use of Surrender of Premises Clause in Contracts

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

Appears in 15 contracts

Sources: Sublease (Invitae Corp), Sublease (Invitae Corp), Office Lease (Cougar Biotechnology, Inc.)

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

Appears in 12 contracts

Sources: Office Lease (Rimini Street, Inc.), Office Lease (GP Investments Acquisition Corp.), Office Lease (Rimini Street, Inc.)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, and shall, at the option of the 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 6 contracts

Sources: Lease Agreement (1st Pacific Bancorp), Lease Agreement (Quality Systems Inc), Lease Agreement (McMS Inc /De/)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereofhereof, shall not work a merger, and shall, at the option of Landlord, operate as an assignment to it of any or all subleases or subtenancies.

Appears in 4 contracts

Sources: Lease Agreement (Redwood Trust Inc), Lease Agreement (Amarin Corp Plc\uk), Lease Agreement (Digitas Inc)

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

Appears in 4 contracts

Sources: Warehouse Lease (Styrochem International Inc), Plant Lease (Radnor Holdings Corp), Warehouse Lease (Radnor Holdings Corp)

Surrender of Premises. The A voluntary or other surrender of this Lease by Tenant, Tenant or a the mutual cancellation thereof, of this Lease shall not work a merger, 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 of any or all such subleases or subtenancies.

Appears in 4 contracts

Sources: Office Lease (U S Wireless Data Inc), Office Lease (Extensity Inc), Office Lease (Geac Computer Corp LTD)

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

Appears in 3 contracts

Sources: Assignment of Lease (Viador Inc), Office Lease (Zebu), Office Lease Agreement (Finisar Corp)

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

Appears in 3 contracts

Sources: Assignment and Assumption of Lease (Poore Brothers Inc), Lease Agreement (Cygnet Financial Corp), Lease Agreement (Cygnet Financial Corp)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a 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. Tenant agrees that there shall be no value to the leasehold upon termination or cancellation of the Lease under its terms.

Appears in 3 contracts

Sources: Lease (CSK Auto Corp), Lease Agreement (Matrix Capital Corp /Co/), Lease (Matrix Capital Corp /Co/)

Surrender of Premises. The voluntary or other surrender of this Lease lease by Tenant, or a mutual cancellation thereof, Tenant to Landlord shall not work a merger, merger and shall, at the option of Landlord, operate as an assignment to it of any or all subleases or subtenanciesaffecting the premises.

Appears in 3 contracts

Sources: Lease Agreement (Sedona Worldwide Inc), Lease Agreement (Ilx Inc/Az/), Installment Promissory Note (Sedona Worldwide Inc)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a 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 of any or all such subleases or subtenancies.

Appears in 3 contracts

Sources: Triple Net Lease (Bank of Commerce Holdings), Sublease Agreement (Genius Products Inc), Lease Agreement (Network Holdings International Inc)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger, merger and shall, at the option of the 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 3 contracts

Sources: Lease Agreement, Airspace Lease, General Lease (Copart Inc)

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

Appears in 2 contracts

Sources: Lease (Daily Journal Corp), Lease (Daily Journal Corp)

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

Appears in 2 contracts

Sources: Lease Agreement (Leapfrog Enterprises Inc), Lease Agreement (Intest Corp)

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

Appears in 2 contracts

Sources: Office Building Lease, Office Building Lease (E2open Inc)

Surrender of Premises. The voluntary or other surrender of this Lease the Premises by Tenant, or a mutual cancellation thereofof this Lease, shall not work a merger, and shall, at the option of Landlord, operate as an assignment to it of any or all subleases or subtenancies, and no merger shall be effected in the event of such surrender.

Appears in 2 contracts

Sources: Office Lease (Retix), Valuation and Qualifying Accounts (Syncor International Corp /De/)

Surrender of Premises. The A voluntary surrender or other surrender of this Lease by Tenant, Tenant or a the mutual cancellation thereof, of this Lease shall not work a merger, and shall, at the option . Any surrender or mutual cancellation of Landlord, this Lease shall operate as an automatic assignment to it Landlord of any or all subleases or subtenancies.

Appears in 2 contracts

Sources: Lease (Trulia, Inc.), Lease (Constant Contact, Inc.)

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

Appears in 2 contracts

Sources: General Office Lease (Micron Electronics Inc), General Office Lease (Micron Electronics Inc)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, Tenant to Landlord shall not work a merger, merger and shall, at the option of Landlord, operate as an assignment to it of any or all subleases or subtenanciesaffecting the Premises.

Appears in 1 contract

Sources: Lease Agreement (Futech Interactive Products Inc)

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

Appears in 1 contract

Sources: Office Lease (Eidos PLC)

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

Appears in 1 contract

Sources: Lease Agreement (Old Line Bancshares Inc)

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

Appears in 1 contract

Sources: Engineering Lease (Styrochem International Inc)

Surrender of Premises. The voluntary or other surrender of this Lease lease by Tenant, or a mutual cancellation thereof, shall not work a merger, and shall, at the option of the 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 1 contract

Sources: Lease (United Community Bancshares Inc)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, Tenant or a mutual cancellation thereof, of this Lease shall not work a 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 on assignment to it of any or all such subleases or subtenancies.

Appears in 1 contract

Sources: Lease Agreement (Chicago Pizza & Brewery Inc)

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

Appears in 1 contract

Sources: Office Lease (Lucys Cafe Inc)

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

Appears in 1 contract

Sources: Lease (Nationwide Companies Inc)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a 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

Sources: Sublease Agreement (Zapme Corp)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, Tenant or a mutual cancellation thereof, thereof shall not work a 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 of any or all such subleases or subtenancies.

Appears in 1 contract

Sources: Lease (Boystoys Com Inc)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a mergermerger and shall at the option of the Landlord, and shallterminate all or any existing sublease 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 1 contract

Sources: Industrial Lease Agreement (Zilog Inc)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, Tenant to Landlord shall not work a merger, merger and shall, at the option of Landlord, operate as an assignment to it of any or all subleases or subtenanciesaffecting the premises.

Appears in 1 contract

Sources: Lease Agreement (Ilx Resorts Inc)

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

Appears in 1 contract

Sources: Office Space Lease (Acubid Com Inc)

Surrender of Premises. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, thereof shall not work a 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. Tenant agrees that there shall be no value to the leasehold upon termination or cancellation of the Lease under its terms.

Appears in 1 contract

Sources: Lease (Improvenet Inc)

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

Appears in 1 contract

Sources: Lease Agreement (Looksmart LTD)