Handback Condition of Xxxx Center Plant Assets Sample Clauses

Handback Condition of Xxxx Center Plant Assets. At the end of the Term of this Lease, BREP will deliver possession, use and title to the extent vested in BREP or BREP’s Trustee, of the Covered Assets back to Lessor at no charge (but subject to payment of the Termination Fee, if applicable). Notwithstanding the foregoing, BREP shall have no obligation under this Lease with respect to the working order or condition of the Xxxx Center Plant Premises or the Xxxx Center Plant Assets at the end of the Term hereof. With respect to any Xxxx Center Plant Assets that have been damaged by an event of casualty during the Term of this Lease that have not been repaired or replaced as of the termination or expiration hereof, BREP shall have no obligation to repair or replace such Xxxx Center Plant Assets and Lessor will be entitled to receive any insurance proceeds receivable by BREP, if any, on account of such Xxxx Center Plant Assets.
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