SBILP Clause Samples

SBILP. Lessor, Lessee and, by its signature below, SBILP hereby agree as follows: (a) SBILP hereby consents to the amendment and restatement of the Original Lease as set forth in this Lease. (b) Upon the execution and delivery of this Lease, Lessee shall, and does hereby, surrender to SBILP all right, title and interest of Lessee in and to that property, real or personal, tangible or intangible, described on Exhibit “B” attached hereto (the “Excluded Property”), free and clear of all liens and encumbrances of any nature whatsoever arising by through or under Lessee. (c) SBILP is hereby released from all liabilities and obligations of SBILP arising or accruing under the Original Lease from and after the Commencement Date.