Termination of the Prime Lease Clause Samples

The 'Termination of the Prime Lease' clause defines the circumstances and procedures under which the main lease agreement between the landlord and the primary tenant can be ended. This clause typically outlines the events that may trigger termination, such as breach of contract, mutual agreement, or expiration of the lease term, and may specify notice requirements or obligations upon termination. Its core practical function is to provide a clear framework for ending the lease, thereby protecting the interests of both parties and minimizing disputes over the process or consequences of termination.
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Termination of the Prime Lease. If the term of the Prime Lease is terminated prior to the Expiration Date, then, subject to Section 7(b) hereof, this Sublease shall immediately terminate with respect to the entire Subleased Premises, and Sublessor shall not be liable to Sublessee by reason thereof unless such termination is a result of a default by Sublessor under the Prime Lease beyond all applicable notice and grace periods.
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Termination of the Prime Lease. This Sublease shall automatically terminate on the termination, cancellation or expiration of the Prime Lease or of the rights of possession of the Sublessor therein in accordance with any of the terms and provisions of the Prime Lease. This Sublease shall automatically terminate on the termination, cancellation or expiration of the Prime Lease or of the rights of possession of the Sublessor therein in accordance with any of the terms and provisions of the Prime Lease.
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Termination of the Prime Lease. If, for any reason, the term of the Prime Lease shall terminate prior to the Expiration Date of this Sublease, this Sublease shall thereupon terminate, and Landlord shall not be liable to Tenant by reason thereof unless such termination resulted from a default by Landlord under the Prime Lease and (a) such default by Landlord was not due to default by Tenant of its obligations hereunder, including, without limitation, the obligations under the Prime Lease incorporated by reference herein or (b) Tenant is not in default of any of its monetary obligations hereunder beyond any applicable grace period.
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Termination of the Prime Lease. Except as expressly set forth above, Sublandlord represents that it shall neither do nor permit anything to be done which would cause the Prime Lease to be terminated or forfeited by reason of any right of termination or forfeiture vested in Prime Landlord under the Prime Lease. During the Sublease Term, Sublandlord further represents that it will not agree to a termination of the Prime Lease, except in connection with Prime Landlord's exercise of its remedies following a default by Sublandlord under the Prime Lease, unless, in connection therewith, Prime Landlord accepts this Sublease as a direct lease between Prime Landlord and Subtenant. In the event of a termination of the Prime Lease, Subtenant shall have no right to use, occupy, or possess the Subleased Premises or any portion thereof and shall immediately return possession thereof to Sublandlord or such other party as is appropriate or at Prime Landlord's sole discretion, Subtenant shall attorn to Prime Landlord for the balance of the Sublease Term.
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Related to Termination of the Prime Lease

  • Termination of the Lease The parties agree that the Management Agreement and the rights and benefits of Manager thereunder shall not be terminated or disturbed in any respect except in accordance with the terms of the Management Agreement, and not as a result of any termination of the Lease. Accordingly, if the Lease is terminated for any reason, including, without limitation, expiration of the term thereof or the "rejection" thereof following Bankruptcy (a) shall recognize Manager's rights under the Management Agreement, (b) agrees that Manager shall not be named as a party in any eviction or other possessory action or proceeding, and that Manager shall not be disturbed in its right to manage the Inn pursuant to the Management Agreement, and (c) shall at the time of or prior to such Lease Termination either (i) elect not to take either of the actions described in clause (c)(ii) below, in which case all of "Lessee's" rights, benefits, privileges and obligations under the Management Agreement with respect to periods after the Lease Termination shall be assumed directly by Lessor, or (ii) cause an "Approved Lessee" (as defined below) to (x) succeed to and assume Lessee's rights and obligations under the Lease, the Management Agreement, and this Agreement, or (y) enter into a new lease with Lessor in substantially the same form as the Lease, and assume the rights and obligations of the Lessee under the Management Agreement and this Agreement, the intent being that the relationship between any successor Lessee, Lessor and Manager be under the same terms and conditions as the relationship between Lessee, Lessor and Manager hereunder and under the Management Agreement and the Lease. Any successor to Lessee under clause (c)(ii) above shall be subject to Manager's prior written approval, which approval shall not be withheld or delayed if such successor to Lessee is (i) a direct or indirect wholly-owned subsidiary of Lessor, (ii) a person or entity to whom a Sale of the Inn is permitted under Section 10.02.A. of the Management Agreement, or (iii) a person or entity who otherwise is approved by Manager in its sole discretion (an "Approved Lessee").

  • Termination of Master Lease If the Sublessor terminates their tenancy in the Premises under the Master Lease, the Sublessee agrees that if the Master Lease is terminated for any reason, this Agreement will terminate as of the same date.

  • Termination of the Plan Any other provi- sion of this plan to the contrary notwith- standing, no benefit will be paid for charges incurred by a participant or former par- ticipant after the termination of this plan.

  • Termination of Tenancy Any termination of the lease must also comply with all applicable state or local laws, ordinances, regulations, or similar requirements, including as may be applicable emergency orders restricting evictions during declared emergencies or disasters; and Owner/Representative Initials: Tenant Initials:

  • Condition of the Premises Tenant has examined the Premises, including the appliances and fixtures (☐ and furnishings), and acknowledges that they are in good condition and repair, normal wear and tear excepted, and accepts them in its current condition, except for: