Common use of Abandoned Property Clause in Contracts

Abandoned Property. If Tenant abandons the Premises, or is dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable manner.

Appears in 26 contracts

Samples: Lease Agreement (Power REIT), Lease Agreement (Millennium Investment & Acquisition Co Inc.), Lease Agreement (Power REIT)

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Abandoned Property. If Tenant abandons vacates the Premises, or is dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall shall, at the option of the Landlord, be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to use, sell or otherwise dispose of such personal property in any commercially reasonable manner.

Appears in 2 contracts

Samples: Lease (Wj Communications Inc), Lease (Wj Communications Inc)

Abandoned Property. If Tenant abandons vacates the Premises, or is ------------------ dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall shall, at the option of the Landlord, be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to use, sell or otherwise dispose of such personal property in any commercially reasonable manner.

Appears in 1 contract

Samples: Letter Agreement (Homestore Com Inc)

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Abandoned Property. If Tenant abandons the Premises, or is dispossessed by process of law or otherwise, any movable furnitureall Improvements made by Tenant and left in the Premises, equipment, trade fixtures or personal property and all Personal Property belonging to Tenant and left in the Premises Premises, shall be deemed to be abandoned. Landlord may retain the same, or at the option of Landlord, and Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable mannerthe same as authorized by the Government, subject to Applicable Laws.

Appears in 1 contract

Samples: Recognition Agreement

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