Release of Tenant Sample Clauses
The 'Release of Tenant' clause defines the conditions under which a tenant is formally discharged from their obligations under a lease agreement. Typically, this clause outlines the requirements the tenant must meet—such as paying any outstanding rent, repairing damages, or finding a replacement tenant—before being released from further liability. Its core practical function is to provide a clear process for ending the tenant's responsibilities, thereby protecting both parties from future disputes regarding ongoing obligations after the tenant vacates the premises.
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Release of Tenant. Landlord hereby releases, remises and forever ----------------- discharges the Tenant, its officers, directors, shareholders, employees, agents, attorneys, contractors, successors and assigns of and from all claims, acts, debts, demands, actions, causes of action, suits, dues, sum and sums of money, guaranties, bonds, specialties, covenants, contracts, accounts, reckonings, controversies, agreements, promises, representations, restitutions, doings, omissions, variances, damages, executions and liabilities whatsoever of every name and nature, both in law and in equity, which Landlord may now or hereafter have against Tenant from the beginning of the world to the date hereof arising under the Lease; provided, however, that Landlord does not hereby release Tenant from any and all claims, actions, costs, damages, expenses (including reasonable attorney fees), liabilities, obligations, causes of action of any kind or nature whatsoever, including injury to or death of any person resulting from or related to any tort or any violation of any "Environmental Legal Requirement" on or with respect to the Premises, which was caused by an act or omission of Tenant, its agents, employees, invitees, or its successors and assigns. For the purposes hereof, the term "Environmental Legal Requirements" shall mean all applicable past (which have current effect), present or future federal, state, county and local laws, by-laws, rules, regulations, codes and ordinances, or any judicial or administrative interpretations thereof, and the requirements of any governmental agency or authority having or claiming jurisdiction with respect thereto, applicable to the regulation or protection of the environment, the health and safety of persons and property and all other environmental matters and shall include, but not be limited to, all orders, decrees, judgments and rulings imposed through any public or private enforcement proceedings, relating to Hazardous Materials or the existence, use, discharge, release, containment, transportation, generation, storage, management or disposal thereof, or otherwise regulating or providing for the protection of the environment applicable to the Property and relating to Hazardous Materials, or to the existence, use, discharge, release or disposal thereof. Environmental Legal Requirements presently include, but are not limited to, the following laws: Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C. (S)9601 et seq.), the Haz...
Release of Tenant. If, in connection with an assignment by Tenant of its interest in this Lease, (1) the Issuer and the Owners of at least seventy-five percent (75%) in aggregate principal amount of all Outstanding Bonds (including the Existing Bonds and any Additional Bonds) shall file with the Trustee and the Original Purchaser their prior written consent to such assignment, and (2) the proposed assignee shall expressly assume and agree to perform all of the obligations of Tenant under this Lease; then Tenant shall be fully released from all obligations accruing hereunder after the date of such assignment.
Release of Tenant. Should Landlord provide its consent pursuant to Section 11(a), or in the event of an assignment or subletting pursuant to Section 11(b), Tenant shall not be relieved of any obligations hereunder including the financial obligation.
Release of Tenant. Tenant shall not be released from this Lease due to school withdrawal or transfer, business transfer, loss of job, marriage, divorce, loss of Cotenants, bad health, or for any other reason, except Tenant (including a Tenant’s spouse) who is a service member on active duty or is called to active duty in the regular or reserve component of the U.S. Armed Forces, Coast Guard, or national Guard, shall have the right to end this Lease early by giving a 30 day written notice, paying all Rent due through the notice date, and providing a copy of the official military orders or written verification signed by the service member’s commanding officer or by providing base housing orders as provided in O.C.G.A. § 44-‐7-‐22, if the service member is:
a. Ordered to federal duty for a period of 90 days or longer;
b. Received a permanent change of station order to move at least 35 miles away from the Residence;
c. Is released from active duty after leasing the Residence and must move 35 miles away from the service member’s home of record prior to entering active duty;
d. After the Lease Start Date, the service member becomes eligible to live in government quarters or the failure to move to government quarters will result in a forfeiture of the service member’s basic allowance for housing;
e. Receives temporary duty orders or temporary change of station orders or state active duty orders for a period exceeding 60 days that is at least 35 miles away from the Residence; or
f. Receives orders after the Lease Date but before taking possession of the Residence. Notwithstanding the foregoing, any individual Cotenants shall remain jointly and severally liable following the permitted release of such Cotenant pursuant to the above service member-‐related permitted release.
Release of Tenant. Tenant shall not be released from the terms of this Agreement due to school withdrawal or transfer, business transfer, loss of job, marriage, divorce, loss of co-tenants, incompatibility with co-tenants, bad health, or for any other reason, except for involuntary military enlistment or military transfer.
Release of Tenant. Landlord hereby releases Tenant from any and all claims, demands, debts, liabilities, and causes of action of whatever kind or nature, whether known or unknown or suspected or unsuspected which Landlord may have, claim to have, or which may hereafter accrue against Tenant, arising out of or relating to or in any way connected with the Pre-Existing Environmental Condition, except to the extent related to Tenant Environmental Activity. In connection with such release, Landlord hereby waives any and all rights conferred upon it by the provisions of Section 1542 of the California Civil Code, which reads as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” or by the provisions of any similar statute.
Release of Tenant. No transfer permitted by this Article Nine, whether with or without Landlord’s consent or any assumption of Tenant’s obligation under this Lease, including without limitation any transfer under Section 9.02, shall release Tenant or any guarantor or change Tenant’s primary liability to pay the Rent and to perform all other obligations of Tenant under this Lease. Landlord’s acceptance of Rent from any other party is not a waiver of any provision of this Article Nine. Consent to one transfer is not a consent to any subsequent transfer. If Tenant’s transferee defaults under this Lease, Landlord may proceed directly against Tenant without pursuing remedies against the transferee. Landlord shall not consent to subsequent assignments, subleases, transfers, or modifications of this Lease by Tenant’s transferee, without Tenant’s approval, to be given or denied in Tenant’s sole and absolute discretion.
Release of Tenant. The Landlord hereby releases the Tenant, and its agents, officers and employees, and any other Person for whom the Tenant is legally responsible from any liability or claim that may be made by the Landlord against the Tenant under the provisions of this Lease with respect to such loss to the extent of the lesser of: (a) the amount, if any, by which such loss exceeds the amount of insurance the Tenant is required to maintain under the terms of this Lease or actually maintains, whichever is greater; and (b) the proceeds actually paid to the Landlord with respect to such loss under the policies of insurance maintained by the Landlord pursuant to Section 11.4 or which would have been paid if the Landlord had maintained the insurance required under this Lease and had diligently processed any claims thereunder. This release shall be operative only if it is not prohibited by the Landlord's insurance policies and would not place the Landlord in breach of such policies or expose the Landlord to additional costs under or in connection with such policies.
Release of Tenant. Unless Landlord has given written release, Tenant will not be released from this Lease Contract for any reason, including but not limited to voluntary or involuntary school withdrawal or transfer, voluntary or involuntary business transfer, marriage, loss of employment or bad health.
Release of Tenant. Whether or not Landlord consents, no Transfer shall release or alter any of the assignor's or Tenant's Liabilities hereunder, including, without limitation, the joint and several obligations of the assignor and Tenant to pay rent and perform all of Tenant's other obligations under this Lease, except that, provided that there is then no default by Tenant under this Lease, but notwithstanding any other provisions of this Lease to the contrary, Tenant or the applicable assignor will be released (a "Released Assignor") from further obligations under this Lease as of the date that the following conditions are satisfied:
(a) There is a valid assignment of this Lease by the assignor in accordance with the terms of this Article to an assignee (including a Permitted Assignee) who has a net worth and financial capability at least equal to those possessed by Tenant as of the Commencement Date.
(b) The assignee (including a Permitted Assignee) unconditionally assumes in writing for Landlord's benefit this Lease and all of the assignor's and Tenant's Liabilities arising after the effective date of such assignment. The acceptance of rent by Landlord from any person other than Tenant shall not act as a waiver by Landlord of any of its rights or remedies under this Article, and consent to one Transfer will not be deemed to be consent to any subsequent Transfer. If Tenant or any transferee defaults under this Lease, Landlord may proceed directly against the transferee and/or against Tenant and/or against the transferor (providing the same has not been released hereunder) without proceeding or exhausting its remedies against the other. Except to the extent expressly permitted otherwise hereunder, Tenant and a transferor will not be relieved of any Liabilities under this Lease if and to the extent that Landlord grants or consents to any waivers under this Lease to or for the benefit of any transferee (but if, prior to a breach by Tenant or any transferee, Landlord waives in writing the performance by the transferee of any obligation that Tenant otherwise would be required to perform under this Lease, that waiver also shall apply with respect to Tenant, or such transferor, as applicable). Landlord's waivers with respect to a transferee will not affect the rights (if any) of Tenant or the transferor (as applicable) against the transferee for any breach of this Lease or any assignment, sublease or other agreement (as applicable) by the transferee; provided, however, all of such...