Common use of Tenant Not Released Clause in Contracts

Tenant Not Released. In the event of any subletting of all or any portion of the Premises or assignment of this Lease by Tenant, Tenant shall remain jointly and severally liable to Landlord for payment of all Rent stipulated herein and for payment and performance of all other covenants and conditions contained herein. Rent due from Tenant shall not be diminished or abated during any remodeling or redecoration period. Landlord may collect Rent from any sublessee or assignee and apply the net amounts collected to the Base Rent, Tenant's Proportionate Share of Operating and Tax Expenses, and Additional Rent but no such collection shall be deemed to be a waiver of the provisions of this Section. Further, notwithstanding anything contained herein to the contrary, any and all unexercised options to extend or renew the Term of this Lease or to expand the Premises and any and all rights of first offer and similar rights are intended by both Landlord and Tenant to be personal to ▇▇▇.▇▇▇, incorporated and are not intended to, and shall not benefit any assignee or sublessee hereunder. Upon any assignment or subletting of the Premises or any portion thereof any such options or rights shall automatically and without any further action by Landlord terminate and be of no further force and effect.