Examples of Surrender Date in a sentence
Any such notice shall designate the intended Bank Premises Surrender Date and shall terminate the Assuming Institution’s option with respect to such Bank Premises.
The Assuming Institution’s obligation to insure and to maintain the Receiver as an additional insured on Bank Premises insurance coverage shall cease upon either: (x) Bank Premises Surrender Date or (y) the date the Assuming Institution receives a deed from the Receiver for owned Bank Premises or assumes the lease for leased Bank Premises.
Nothwithstanding the foregoing, the parties hereto acknowledge and agree that upon making the Initial Payment on or before the Surrender Date, Sublandlord shall temporarily waive the requirement that Subtenant continue to make payments of Rent as required under the Sublease.
The parties hereby acknowledge and agree that they will work together to determine a mutually agreeable time and date for surrender of the Subleased Premises on the Surrender Date, and at such time the Sublandlord, upon an inspection of the Subleased Premises, shall immediately inform Subtenant of any required repairs that must be made by Subtenant.
Any additional items remaining in the Subleased Premises after the Surrender Date (or the Repair Period) shall be deemed abandoned and may be immediately disposed of by Sublandlord in any manner it deems appropriate, without any liability to Sublandlord, and Subtenant shall be responsible to Sublandlord for the cost of such removal.