SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ownership of the Building and Premises. Instead, at the option of Landlord, Tenant's surrender may terminate all or any existing sublease or subtenancies, or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 4 contracts
Samples: Hadco Corp, Hadco Corp, 8x8 Inc
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ownership of the Building and Premises. Instead, at the option of Landlord, Tenant's surrender may terminate all or any existing sublease or subtenancies, or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 3 contracts
Samples: Lease Agreement (Netro Corp), Lease (Hybrid Networks Inc), Aehr Test Systems
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ownership of the Building and Premises. Instead, at the option of Landlord, Tenant's surrender may terminate all or any existing sublease or subtenanciessubtenants, or may operate as an assignment to Landlord of any or all such subleases or subtenanciessubtenants, or may operate as an assignment to Landlord of any or all such subleases or subtenants thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 2 contracts
Samples: Lease Agreement (Packeteer Inc), Lease Agreement (Integrated Telecom Express Inc/ Ca)
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ownership of the Building and or Premises. Instead, at the option of Landlord, Tenant's surrender may terminate all or any existing sublease or subtenancies, or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 2 contracts
Samples: Agreement (Concentric Network Corp), Visx Inc
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ’s ownership of the Building and Premises. Instead, at the option of Landlord, Tenant's ’s surrender may terminate all or any existing sublease subleases or subtenancies, subtenancies or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant tenant relationship between Landlord and any subtenants.
Appears in 2 contracts
Samples: Lease Agreement (Circle Bancorp), Office Lease Agreement (Hercules Technology Growth Capital Inc)
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ’s ownership of the Building and or Premises. Instead, at the option of Landlord, Tenant's ’s surrender may terminate all or any existing sublease or subtenancies, or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 2 contracts
Samples: Lease Between (Xenoport Inc), Affymetrix Inc
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ownership of the Building and Premisesmerger. Instead, at At the option of Landlord, Tenant's surrender may terminate all or any existing sublease or subtenancies, or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 1 contract
Samples: Sub Sublease (Zoran Corp \De\)
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by TenantXxxxxx, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ownership of the Building and Premises. Instead, at the option of Landlord, TenantXxxxxx's surrender may terminate all or any existing sublease or subtenancies, or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 1 contract
Samples: Terayon Communication Systems
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ’s ownership of the Building and Premises. Instead, at the option of Landlord, Tenant's ’s surrender may terminate all or any existing sublease or subtenancies, or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 1 contract
Samples: Western Digital Corp
SURRENDER OF LEASE. The voluntary or other surrender of this Lease by Tenant, Tenant or a mutual cancellation thereof, shall not automatically effect a merger of the Lease with Landlord's ’s ownership of the Building and Premises. Instead, at the option of Landlord, Tenant's ’s surrender may terminate all or any existing sublease or subtenancies, or may operate as an assignment to Landlord of any or all such subleases or subtenancies, thereby creating a direct Landlord-Tenant relationship between Landlord and any subtenants.
Appears in 1 contract
