Common use of Surrender, Etc Clause in Contracts

Surrender, Etc. Any consensual or negotiated surrender, cancellation, or termination of the Lease, in whole or in part, agreed upon between Landlord and Tenant, unless effected unilaterally by Tenant pursuant to the express terms of the Lease. [THIS SUB-SECTION 4.7 MAY BE DELETED IF THIS IS A TERM LOAN AND THE BORROWER/LANDLORD IS NOT CONSTRUCTING OR PAYING FOR ANY TENANT IMPROVEMENTS.] 4.7 Construction-Related Obligations. Any Construction-Related Obligation of Landlord under the Lease.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement (SP Plus Corp)