Common use of Termination of Ground Lease Clause in Contracts

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. In the event of a District’s '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.