Lessee Obligation Clause Samples
The Lessee Obligation clause defines the responsibilities and duties that the lessee must fulfill under a lease agreement. Typically, this includes requirements such as timely payment of rent, maintaining the leased property in good condition, and complying with all relevant laws and regulations. By clearly outlining these obligations, the clause ensures that both parties understand the lessee’s role and helps prevent disputes by setting clear expectations for performance and conduct during the lease term.
Lessee Obligation. At the expiration or termination of this Lease, ▇▇▇▇▇▇ will surrender the Premises to Lessor in good condition except for reasonable wear and tear and damage by the elements or acts of God. ▇▇▇▇▇▇ further agrees to remove all signs that have been placed on said Premises by ▇▇▇▇▇▇, and to repair and restore the Premises to same condition prior to the placement of the signs except for reasonable wear and tear and damage by the elements or acts of God.
Lessee Obligation. Lessee shall comply, at its sole cost and expense (except for matters for which AFRH remains obligated hereunder pursuant to Section 11.6), with all Applicable Laws. Lessee shall comply with all Applicable Laws with regard to construction, sanitation, licenses, or permits to do business, protection of the environment, pollution control and abatement, occupational safety and health and all other related matters. Lessee shall be responsible for determining whether it is subject to local building codes or building permit requirements, and for compliance with them to the extent they are applicable.
Lessee Obligation. If a sale of the Leased Property to a third party has not been consummated on or prior to the Scheduled Termination Date for any reason, then on the Scheduled Termination Date, Lessee shall pay to Lessor, by wire transfer of immediately available funds to Lessor, as an adjustment to the Rent payable under this Lease for the Leased Property (the “End of Term Adjustment”), an amount equal to (i) if all of the Limited Lessee Risk Conditions have been satisfied as of such Scheduled Termination Date, Lessee Obligation and (ii) if one or more of the Limited Lessee Risk Conditions have not been satisfied as of such Scheduled Termination Date, the Lease Balance, plus, in either case, the Basic Rent due and payable on the Scheduled Termination Date, plus all Supplemental Rent then due and owing for the Leased Property, and Lessee shall promptly vacate the Leased Property and surrender and return the Leased Property to Lessor upon the Scheduled Termination Date in accordance with the provisions of this Lease, including Section 14.7 hereof. In such event, if Lessor shall subsequently sell the Leased Property to a third party after the Lease Termination Date, Lessor shall retain the full amount of the sales proceeds thereof.
Lessee Obligation. Except for the Approved Capital Improvements, Lessee shall not make any alterations, improvements or additions in or to the Premises, nor make any repairs requiring any such alteration, improvements or additions, nor install any antennas, trade fixtures, exterior signs, interior or exterior lighting, plumbing fixtures, shade or awnings, without the prior written consent of Lessor, which consent shall not be unreasonably withheld, delayed or conditioned. As a prerequisite to any such consent, Lessee shall comply with and/or satisfy each of the following conditions unless any of such conditions or requirements shall be waived by Lessor in its sole discretion:
a. Lessee shall obtain Lessor’s approval of Lessee’s construction contractor(s) and architect who shall be licensed in the State of Hawaii, and Lessee shall submit complete plans and specifications for such alterations, improvements or additions to the Lessor for Lessor’s prior written approval.
b. Lessee, or its architect, shall, if plans and specifications are necessary, deliver to Lessor upon completion of construction a certification setting forth the total cost of such construction and certifying that such construction has been completed in compliance with the approved plans and specifications therefor.
c. Lessee shall furnish Lessor with evidence that all governmental approvals necessary to commence construction have been obtained, including, without limiting the generality of the foregoing, a building and/or grading permit. Any work, (which is not a Lessor responsibility) not acceptable to any governmental authority or agency having or exercising jurisdiction over such work shall be promptly replaced, at Lessee’s sole expense, notwithstanding any failure by Lessor to object to any such work, and Lessor shall have no responsibility therefor.
d. In addition to any other insurance required under this Lease, during any construction Lessee and/or its contractor shall maintain such commercial general liability and other insurance policies as may be reasonably specified by Lessor, all of which policies shall be reasonably satisfactory to Lessor in form, content and amount of coverage, insuring Lessor, Lessee and such other parties as Lessor shall reasonably specify against loss or damage to third parties or their property from hazards normally insured against in the construction industry with respect to construction of the type to be undertaken by Lessee. Lessee shall deliver to Lessor certificates of i...
Lessee Obligation. Lessee shall bear all risk of loss or damage or destruction to the Leased Premises and any building(s), improvements, fixtures, or other property thereon, arising from any causes whatsoever, with or without fault by AFRH; provided, however, AFRH shall not be relieved of responsibility for loss or damage that is solely the result of acts or omissions of AFRH (a) to the extent such loss or damage is not covered by coverage of insurance required under this Lease and (b) to the extent recovery is authorized under Applicable Laws including the Federal Tort Claims Act.
Lessee Obligation. Lessee shall indemnify, defend and hold harmless Lessor from any and all claims, suits, actions, damage awards, fee awards, fines or penalties, whether to person or property, or expense of any type or nature which may occur to Lessor, including reasonable attorney’s fees, expert’s fees and other costs, based upon the intentional or negligent acts or omissions of Lessee, its agents and/or employees in the performance of this Agreement; provided, however, that Lessee’s indemnification and hold harmless obligation shall be proportionally reduced to the extent caused by Lessor’s intentional or negligent acts or omissions.
Lessee Obligation. Lessee must maintain, repair and replace the Premises and the Improvements as and when needed so as to keep them in a clean and attractive condition, and in good condition and repair, throughout the entire Term. Lessee’s obligations extend to both structural and nonstructural items and to all maintenance, repair, and replacement work.
Lessee Obligation. In the operation and management of the Incineration Facilities and the perform ance of the ICI Design/B uild Work, the Lessee sh all exercise due care, in light of all relevant facts and circumstances, to avoid exacerbating the nature or areal extent of any Pre-Existing Environmental Condition after the location and existence of such Pre- Existing Environmental Condition has been disclosed to or through physical observation (including any such observation made during excavations) becomes actually kn own to the Lessee. Prior to undertaking any excavation or construction work, the Lessee shall review available records, drawings and plans, and, as appropriate, interview the Lessee's employees that previously worked for NTC, regarding the Incineration Facilities and Incineration Facilities Site with respect to the identification of any known Pre-Existing Environmental Conditions. Except for the Lessee's failure to exercise due care with respect to such disclosed or known P re-Existing Environmental Condition, the Lessee shall not be responsible for any Pre-Existing Environmental Condition including any Loss-and-Expense relating to any Pre-Existing Environmental Condition.