Surrender Premises definition
Examples of Surrender Premises in a sentence
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.
From and after the Surrender Date, Tenant shall have no further rights of any kind with respect to the Surrender Premises.
The Lease with respect to the Surrender Premises shall terminate as provided for in the Lease on the Surrender Date.
Nothing herein shall excuse Tenant from its obligations under the Lease with respect to the Surrender Premises prior to the Surrender Date.
From and after the Suite 220A Commencement Date through the Surrender Date (as defined in Section 4 below), the term “Premises,” as defined in the Amended Lease, shall mean the Original Premises plus the Suite 220A Premises, and following the Surrender Date shall mean the Original Premises plus the Suite 220A Premises less the Surrender Premises.
If Tenant does not surrender the Surrender Premises in accordance with Article 27 of the Amended Lease by the Surrender Deadline, then Tenant, pursuant to Article 28 of the Amended Lease, shall be become a tenant at sufferance with respect to the Surrender Premises until the actual date (the “Surrender Date”) that Tenant surrenders the Surrender Premises to Landlord in accordance with Article 27 of the Amended Lease and this Section.
As of the Surrender Date, the Amended Lease shall terminate and be of no further force or effect with regard to the Surrender Premises, except for those provisions that, by their express terms, survive the expiration or earlier termination of the Amended Lease.
Tenant shall voluntarily surrender the Surrender Premises on such date in accordance with all surrender requirements contained in the Lease and in the condition in which Tenant is required to surrender the Premises as of the expiration of the Lease.
Tenant shall voluntarily surrender the Surrender Premises on or before such date in the condition which Tenant is required to surrender the Premises as of the expiration of the Lease and in compliance with the surrender requirements set forth in the Lease.
In addition, Landlord and Tenant acknowledge and agree that for the months of October, November and December of 2020, (i) Tenant owed Landlord Monthly Termination Payments with respect to the Surrender Premises in the aggregate amount of [***], (ii) Tenant made monthly payments to Landlord with respect to the Surrender Premises in the aggregate amount of [***], and (iii) Tenant overpaid Landlord with respect to the Surrender Premises in the aggregate amount of [***] (the “Surrender Premises Overpayment”).