Example ContractsClausesbase rent for the expansion premisesVariants
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Tenant shall surrender and yield up to Landlord all of its right, title and interest in the Expansion Premises and vacate, surrender and deliver exclusive possession of the Expansion Premises to Landlord on or before 11:59 P.M. (Eastern) on the Termination Date, in accordance with and in such condition as required under the Lease (theExpansion Premises Surrender Obligations”).

TenantNotwithstanding any provision of the Lease to the contrary, the Lease shall surrenderautomatically terminate and yield up to Landlordbe of no further force or effect (except for the Surviving Obligations) and all of itsTenant’s right, title and interest in the Expansion Premises shall terminate, effective as of 11:59 PM (Eastern) on October 31, 2023 (theTermination Date”) and vacate, surrender and deliver exclusive possessionTenant shall vacate same on or before the Termination Date in accordance herewith. Effective as of the Termination Date, neither Tenant nor anyone claiming by, through, or under Tenant shall have any further rights with respect to any portion of the Expansion Premises to Landlord on or before 11:59 P.M. (Eastern) on the Termination Date, in accordance withBuilding, or the real property and in such condition as requiredimprovements of which the Expansion Premises and the Building are a part, under the Lease (theExpansion Premises Surrender Obligations”).or otherwise, and Tenant shall have no further obligations under the Lease except for the Surviving Obligations and except as expressly set forth in this Agreement, it being expressly acknowledged and agreed that any and all use restrictions or exclusive use rights with regard to the Expansion Premises, the Demised Premises, the Building or the Property (as such term is defined in the Lease), so called, in favor of Tenant (if any) are hereby terminated and forever released on and as of the Termination Date.

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