Termination of Ground Lease. As of the Effective Date, BNPPLC hereby surrenders all of its right title and interest in the Ground Lease unto NAI, subject only to the “Permitted Encumbrances” described in Annex B attached hereto and incorporated herein by this reference, and the Ground Lease is hereby terminated. Notwithstanding anything to the contrary in this Agreement, BNPPLC does, for itself and its successors, covenant, warrant and agree to defend the title to the Land against claims and demands of any person claiming under or through a Lien Removable by BNPPLC. Except as expressly set forth in the preceding sentence, BNPPLC makes no warranty of title, express or implied.
Termination of Ground Lease. In the event of a District’s Event of Default of the District under this Ground Lease, the Tenant may cancel this Ground Lease by written notice to the District. Except to the extent the Tenant is otherwise indebted to the District, all deposits, unearned rent and other unearned payments by the Tenant under this Ground Lease shall be returned to the Tenant immediately upon such cancellation.
Termination of Ground Lease. Upon receipt by Brazos of the purchase price payable in connection with any sale or purchase of any Property under this ARTICLE XI, together with all additional payments required under SECTION 11.5 with respect to such Property, this Ground Lease shall terminate with respect to such Property.
Termination of Ground Lease. From and after the date of closing of the sale of the Ground Leased Premises to Tenant pursuant to the foregoing provision, this Ground Lease shall be deemed terminated and Tenant shall be released from any further liability hereunder (except if any such liability expressly survives such termination) or, alternatively, should Tenant not desire to merge the fee and leasehold titles, the Ground Lease shall continue in full force and effect except Landlord shall be completely released from any further liability hereunder.
Termination of Ground Lease. At or prior to Closing, Fee Owner and Leasehold Owner shall terminate the Existing Ground Lease to the extent that it affects the BNA Lot, such that the transfer of the BNA Lot and Improvements to Purchaser pursuant to this Agreement is free and clear of any leasehold interest of Leasehold Owner.
Termination of Ground Lease. If for any reason the term of the Ground Lease shall terminate prior to the expiration date of this Sublease, this Sublease shall thereupon be automatically deemed terminated concurrently with such termination of the Ground Lease and Sublessor shall not be liable to Subtenant by reason thereof.
Termination of Ground Lease. That certain Ground Lease, dated July 30, 2003, between the Redevelopment Authority of the City of Sheboygan, Wisconsin and Seller, and ancillary documents thereto are then terminated and of no further force or effect and will confirm that the Resort was built in accordance with the Development Agreement and the City will release all parties from any and all obligations thereunder and waives any and all defaults that may or could exist.
Termination of Ground Lease. In the event that Lessor's interest in the Ground Lease Premises shall be terminated pursuant to the terms of the Ground Lease prior to the termination of this Lease, Lessee shall recognize Ground Lessor as the Lessor under this Lease if the Ground Lease has not been terminated by the Ground Lessor.
Termination of Ground Lease. Landlord agrees not to exercise any right Landlord may have to terminate the Ground Lease pursuant to any provision of the Ground Lease or any termination right that may be allowed by law if Tenant's rights under this Lease would be disturbed, without the written consent of Tenant which consent may be withheld in Tenant's sole discretion.
Termination of Ground Lease. 22 Section 11.7. SURRENDER OF PROPERTY. . . . . . . . . . . . . . . . . . . . . 23
