Common use of Termination of Leases Clause in Contracts

Termination of Leases. In the event of the withdrawal of a member town from the District, any leases of land or buildings in the withdrawing town, including any lease entered into subsequent to the acceptance of this Agreement, shall be terminated on the effective date of such withdrawal.

Termination of Leases. In the event of the withdrawal of a member town from the District, the leases mention in Section II (B) shall be terminated on the effective date of such withdrawal. In the event of the withdrawal of a member town from the District, any leases of land or buildings in the withdrawing town, including any lease entered into subsequent to the acceptance of this Agreement, shall be terminated on the effective date of such withdrawal.