SURRENDER OF LEASE. The voluntary or other surrender of its interest in this Lease by Tenant or a mutual cancellation of this Lease shall not work a merger, and shall, at the election of Landlord, either terminate all or any existing subleases or subtenancies or operate as an assignment to Landlord of any or all of such subleases or subtenancies. Landlord shall exercise its election within 30 days of any such surrender or cancellation.
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Samples: Lease Agreement, Lease Agreement (NPS Pharmaceuticals Inc), Lease Agreement (Isis Pharmaceuticals Inc)
SURRENDER OF LEASE. The voluntary or other surrender of its interest in this Lease by Tenant or a mutual cancellation of this Lease shall not work constitute or result in a mergermerger of any interest, and shall, at the election of Landlord, either terminate all or any then-existing subleases or subtenancies or operate as an assignment to Landlord of any or all of such subleases or subtenancies. Landlord shall exercise its election within 30 thirty (30) days of any such surrender or cancellation.
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SURRENDER OF LEASE. The voluntary or other surrender of its interest in this Lease by Tenant or a mutual cancellation of this Lease shall not work a merger, and shall, at the election of Landlord, either terminate all or any existing subleases or subtenancies or operate as an assignment to Landlord of any or all of such subleases or subtenancies. Landlord shall exercise its election within 30 thirty (30) days of any such surrender or cancellation.
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