Ownership and Removal of Improvements. 2.12.1 Except as hereinafter provided, Tenant shall be the owner of all Improvements and all furnishings, fixtures and personal property of Tenant located thereon during the Term of this Lease. Tenant shall retain all rights to depreciation deductions and tax credits arising from its ownership of said property. Except as permitted by this Lease, Tenant shall not remove any Improvements or fixtures from the Premises, nor waste or destroy any Improvements or fixtures. Upon the expiration or earlier termination of this Lease, all Improvements shall revert to Landlord without compensation or payment of any kind to, or requirement of consent or other act of Tenant, without the necessity of executing a deed, xxxx of sale, conveyance or other act or agreement of Tenant, and without payment of any kind or nature by Landlord to Tenant or to any other Person, including any Leasehold Mortgagee. If requested by Landlord, Tenant shall, without charge to Landlord, execute, acknowledge and deliver to Landlord appropriate documentation (in form and content satisfactory to Landlord) which acknowledges and confirms that Landlord retains all right, title and interest in and to the Improvements as of the expiration or earlier termination of this Lease
Ownership and Removal of Improvements. Xxxxxxxx acknowledges and agrees that during the Term of this Lease, Tenant shall be the owner of any New Improvements that Tenant may hereafter make to the Property, and all Tenant’s Personal Property. Tenant shall retain all rights to depreciation deductions and tax credits arising from its ownership of such New Improvements and Tenant’s Personal Property during the Term of this Lease. Without limiting the provisions of Sections 1.4 and 2.3 hereof, upon expiration or earlier termination of this Lease, all Improvements and any Tenant’s Personal Property (including any replacements or new Tenant’s Personal Property acquired by Tenant for the operations conducted upon the Premises) then used in connection with the use, operation or maintenance of the Premises shall automatically vest in, revert to (as applicable) and become the property of Landlord, in each case free and clear of all liens or encumbrances, but without any other representation or warranty by Tenant and without any compensation to, or requirement of consent or other act of Tenant and without the necessity of executing a deed, bill of sale, conveyance or other act or agreement of Tenant.
Ownership and Removal of Improvements. All improvements (including any signage), fixtures, equipment, and appurtenances attached, built-in, or made to the Premises or the Property prior to or during the Term which cannot be removed without physical damage to the Premises or Property (“Structural Improvements”) shall become and be Landlord’s property and, unless Landlord otherwise elects pursuant to ¶13.1, shall be and remain part of the Premises or Property, as the case may be, at the termination of this Lease.
Ownership and Removal of Improvements. All landscaping and all other improvements made to District property by Licensee, excluding Licensee’s telecommunications facility, shall become the property of the District upon expiration or termination of this License. In the event that the District requires removal of such improvements after termination of this License, such removal shall be accomplished at the sole expense of the Licensee and completed within 30 days after receiving notice from the District requiring removal of the improvements. Additional time may be granted upon the discretion of the District, which approval shall not be unreasonably withheld, delayed or conditioned. In the event that Licensee’s telecommunications facilities or other equipment are left upon District property after expiration or termination of this License, they shall, at the District’s option, if not removed by the Licensee upon 30 days written notice from the District, be removed and stored at the expense of Licensee. Stored telecommunications facilities that are not claimed by the Licensee within six
Ownership and Removal of Improvements. 13.1 On termination of this lease by expiry, surrender, breach of conditions or otherwise the Leased Area together with all Buildings and Improvements on the Leased Area will revert to the Council without any compensation being payable to the Lessee by the Council.
Ownership and Removal of Improvements. All buildings, landscaping, and all other improvements, except telecommunications equipment, shall become the property of the City upon expiration or termination of this lease. In the event that the City requires removal of such improvements upon expiration or earlier termination of this lease, such removal shall be accomplished at Sprint's sole expense and shall be completed within 30 days after receiving notice from the City requiring removal of the improvements. In the event that telecommunications facilities or other equipment are left upon City property after expiration or termination of the lease, they shall become the property of the City if not removed by Sprint upon 30 days written notice from the City.
Ownership and Removal of Improvements. The Dwelling, and all buildings or other improvements now existing or hereafter constructed on the Premises (except modular homes or site-constructed homes, excluding the Dwelling) by LESSEE shall be the property of the LESSEE during the term of the LEASE, including any extension or renewal thereof.
Ownership and Removal of Improvements. 10 7.2 REAL ESTATE COVENANT 11
Ownership and Removal of Improvements. Landscaping installed and all other similar improvements made by the COUNTY shall become the property of the CITY upon expiration or termination of this Agreement. The tower, building, antennas, equipment, conduits, fixtures and personal property shall remain the property of the COUNTY. The COUNTY shall, upon expiration or termination of this Agreement, remove its building, antennas, equipment, conduits, fixtures and all personal property. In the event that the CITY requires removal of such improvements upon expiration or earlier termination of this Agreement, such removal shall be accomplished at the sole expense of the COUNTY and shall be completed within 90 days after receiving written notice from the CITY that it requires removal of the improvements. In the event that the equipment is not removed by the COUNTY as required by this paragraph, such equipment/facilities shall become the property of the CITY upon the expiration of the ninety (90) calendar days.
Ownership and Removal of Improvements
