FF&E Upon Termination Sample Clauses

FF&E Upon Termination. (a) Landlord shall have the option, to be exercised by sending Notice to Tenant on or before the date that is either (i) six (6) months prior to the date of expiration of the Term of this Lease or (ii) the date of termination of the Term of this Lease, if this Lease terminates prior to the expiration of the Term, to purchase from Tenant upon the date of termination of this Lease any or all of the items of FF&E, Furnishings, Fixed Asset Supplies, Operating Equipment and Inventories then located at the Premises and owned by Tenant at their then fair market value. If the parties are unable to agree upon such fair market value within thirty (30) days following such expiration or termination, the parties shall appoint an independent appraiser mutually agreeable to them to determine such fair market value, which determination shall be net of the cost to Tenant to remove such items from the Premises, and which shall be binding on the parties. The costs of such appraiser shall be shared equally by the parties. If Landlord exercises its option to purchase, Landlord shall have the right to use, after the date of expiration or termination of this Lease, the items of FF&E, Furnishings, Fixed Asset Supplies, Operating Equipment and Inventories so elected to be purchased by Landlord and Landlord shall pay such fair market value to Tenant within thirty (30) days after agreement by the parties or determination by the appraiser; and this provision shall survive such expiration or termination. Landlord shall not have the option of purchasing from Tenant any computer software that is proprietary to Tenant, any Affiliate, or the licensor of any of them (including without limitation applications used by Tenant as part of Tenant's accounting, centralized or local sales, business management systems and otherwise), or any leased equipment. The option granted to Landlord under this Section 10.3 shall be in addition to, and shall not prevent, delay or otherwise restrict Landlord from exercising, any and all rights and remedies as against Tenant in the event of a default under this Lease, including without limitation, foreclosure of its security interest described in Section 10.4.
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Related to FF&E Upon Termination

  • Payment Upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.

  • Recovery upon Termination H6.1 On the termination of the Contract for any reason, the Contractor shall at its cost:

  • Upon Termination In the event this Agreement is terminated by the OAG, the Provider will deliver documentation of ownership or title, if appropriate for all supplies, equipment and personal property purchased with grant funds to the OAG, within 30 days after termination of this Agreement. Any finished or unfinished documents, data, correspondence, reports and other products prepared by or for the Provider under this Agreement will be made available to and for the exclusive use of the OAG.

  • Payments Upon Termination 4.1 The Customer shall pay the Company liquidated damages (total monthly fee as specified in the Sales and Services Agreement x remaining months in the Term) upon the occurrence of any of the following events before the expiry of the Term:

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Procedure Upon Termination In the event of termination by Buyer or Seller, as applicable, pursuant to Section 6.1 hereof, written notice thereof shall forthwith be given to the other party and the transactions contemplated by this Agreement shall be terminated without further action by Buyer or Seller. If the transactions contemplated by this Agreement are so terminated:

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Surrender Upon Termination The Executive agrees that in the event of the termination of the Executive's employment for any reason, whether before or after the Term, the Executive will immediately deliver to the Company all property belonging to the Company, including documents and materials of any nature pertaining to the Executive's work with the Company, and will not take with the Executive any documents or materials of any description, or any reproduction thereof of any description, containing or pertaining to any Confidential Information. It is understood that the Executive is free to use information that is in the public domain, but not as a result of a breach of this Agreement.

  • Actions Upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Events Upon Termination (a) If this Agreement is terminated, cancelled or ends for any reason, the Operator shall:

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