Common use of Surrender of the Surrender Premises Clause in Contracts

Surrender of the Surrender Premises. The Lease with respect to the Surrender Premises shall terminate as provided for in the Lease on the Surrender Date. Tenant shall voluntarily surrender the Surrender Premises on or before such date in the condition which Tenant is required to surrender the Surrender Premises as of the expiration of the Lease, Tenant agrees to cooperate with Landlord in all matters, as applicable, relating to surrendering of the Surrender Premises as required under the Lease. From and after the Surrender Date, Tenant shall have no further rights of any kind with respect to the Surrender Premises. Notwithstanding the foregoing, those provisions of the Lease which, by their terms, survive the termination of the Lease shall survive the surrender of the Surrender Premises and termination of the Lease with respect to the Surrender Premises as provided for herein. Nothing herein shall excuse Tenant from Its obligations under the Lease with respect to the Surrender Premises prior to the Surrender Date.

Appears in 1 contract

Sources: Lease Agreement (Amarantus BioSciences, Inc.)

Surrender of the Surrender Premises. The Lease with respect Tenant agrees voluntarily to the Surrender Premises shall terminate as provided for in the Lease on the Surrender Date. Tenant shall voluntarily surrender the Surrender Surrendered Premises on or before such date the Surrender Date in accordance with the surrender and other provisions in the Lease and in the condition which Tenant space is required under the Lease to surrender be surrendered to Landlord at the Surrender Premises expiration or earlier termination of the Term. Landlord and Tenant each agree that the other is excused as of the expiration of the Lease, Tenant agrees to cooperate with Landlord in all matters, as applicable, relating to surrendering of the Surrender Premises as required under the Lease. From and after the Surrender Date, Tenant shall have no Date from any further rights of any kind with respect to the Surrender Premises. Notwithstanding the foregoing, those provisions of the Lease which, by their terms, survive the termination of the Lease shall survive the surrender of the Surrender Premises and termination of the Lease with respect to the Surrender Premises as provided for herein. Nothing herein shall excuse Tenant from Its obligations under the Lease with respect to the Surrender Surrendered Premises, excepting only such obligations under the Lease which are, by their terms, intended to survive a termination of the Lease, and as otherwise provided herein. In addition, nothing herein shall be deemed to limit or terminate any common law or statutory rights Landlord may have with respect to Tenant in connection with any Hazardous Materials, or for violations of any Legal Requirements. Nothing herein shall excuse Tenant from its obligations under the Lease with respect to the Surrendered Premises prior to the Surrender Date.

Appears in 1 contract

Sources: Lease Agreement (Xcyte Therapies Inc)