Common use of Ownership of Improvements Clause in Contracts

Ownership of Improvements. All present and future alterations, additions, renovations, improvements and installations made to the Leased Premises, including without limitation the Tenant Work (if any) (“Leasehold Improvements”), shall be deemed to be the property of Landlord when made and, upon Tenant’s vacation or abandonment of the Leased Premises, unless Landlord directs otherwise at the time Tenant requests Landlord’s consent to the applicable Leasehold Improvements (or, as to Permitted Alterations, at any time following the installation thereof), shall remain upon and be surrendered with the Leased Premises in good order, condition and repair. Tenant shall not be required to remove any Leasehold Improvements installed prior to the date of this Lease. All movable goods, inventory, office furniture, equipment, trade fixtures and other movable personal property belonging to Tenant that are not permanently affixed to the Leased Premises, shall remain Tenant’s property (“Tenant’s Property”) and shall be removable by Tenant at any time, provided that Tenant (i) is not in violation of any provision of this Lease, and (ii) repairs any damage to the Leased Premises or the Building caused by the removal of any of Tenant’s Property.

Appears in 2 contracts

Samples: Lease Extension and Modification Agreement (SI-BONE, Inc.), Lease Extension and Modification Agreement (SI-BONE, Inc.)

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Ownership of Improvements. All present and future installations, alterations, additionsadditions or improvements made in, renovations, improvements and installations made on or to the Leased Premises, including by either party, including, without limitation limitation, all equipment and fixtures, light fixtures, roof-top air conditioning units, pipes, ducts, conduits, plumbing, wiring, paneling, decorations, partitions, railings, mezzanines, floors, floor and wall coverings, galleries and similar items (the Tenant Work (if any) (“"Leasehold Improvements”), ") shall be deemed to be the property of Landlord when made andLandlord, upon Tenant’s vacation or abandonment of the Leased Premises, and unless Landlord directs otherwise at the time Tenant requests Landlord’s consent to the applicable Leasehold Improvements (or, as to Permitted Alterations, at any time following the installation thereof)otherwise, shall remain upon and be surrendered with the Leased Premises as part thereof in good order, condition and repair. Tenant shall not be required to remove any Leasehold Improvements installed prior to , ordinary wear and tear excepted, upon Xxxxxx's vacation or abandonment of the date of this LeasePremises. All movable goods, inventory, office furniture, equipmentvaults/safes, trade fixtures and other movable personal property belonging to Tenant that which are not permanently affixed to installed or stored in the Leased Premises, shall remain Tenant’s 's property ("Tenant’s 's Property") and shall be removable by Tenant at any time, time provided that that: (a) Tenant (i) is not in violation of any provision of default under this Lease, ; and (iib) repairs Tenant shall immediately repair any damage to the Leased Premises or the Building caused by the removal of any of Tenant’s Property's Property and restore the Premises to the same condition as existed prior to the installation of such property. Nothing in this Section 9.3 shall be construed to permit Tenant to remove so much of Tenant's Property from the Premises prior to the end of the Term without the immediate replacement thereof with similar property of comparable or better quality so as to maintain the Premises suitable for the Permitted Use throughout the Term.

Appears in 1 contract

Samples: Lease

Ownership of Improvements. All present and future alterations, additions, renovations, improvements and installations Tenant Alterations made to the Leased Premises, including including, without limitation limitation, the Tenant Work (if any) (the “Leasehold Improvements”), shall be deemed to be the property of Tenant when made, and ownership of such Leasehold Improvements shall pass to Landlord when made and, upon Tenant’s vacation the expiration or abandonment earlier termination of the Leased Premises, unless Landlord directs otherwise at the time Tenant requests Landlord’s consent to the applicable Leasehold Improvements (or, as to Permitted Alterations, at any time following the installation thereof), Lease Term and shall remain upon and be surrendered with the Leased Premises in good order, condition and repair. , unless Landlord advises Tenant shall not be required at the time Landlord grants its consent to remove any such Leasehold Improvements installed prior to the date of this Leasethat such removal shall be required. All movable goods, inventory, office furniture, equipment, trade fixtures and other movable personal property belonging to Tenant that are not permanently affixed to the Leased Premises, shall remain Tenant’s property (“Tenant’s Property”) and shall be removable by Tenant at any time, provided that Tenant (i) is not in violation of any provision of this Lease, and (ii) repairs any damage to the Leased Premises or the Building caused by the removal of any of Tenant’s Property.

Appears in 1 contract

Samples: Office Lease Agreement (Bluebird Bio, Inc.)

Ownership of Improvements. All present Alterations as defined in this --------------------------- Section 5, partitions, hardware, equipment, machinery and future alterations, additions, renovations, all other improvements and installations made to the Leased Premisesall fixtures, including without limitation the Tenant Work except trade fixtures (if any) (“Leasehold Improvements”which shall remain Tenant's property), constructed in the Premises by either Landlord or Tenant, (a) shall be deemed become Landlord's property upon installation without compensation to be the property of Landlord when made and, upon Tenant’s vacation or abandonment of the Leased Premises, unless Landlord directs consents otherwise in writing, and (b) shall, at Landlord's option (which shall be stated at the time Tenant requests Landlord’s consent Landlord consents to such Alterations), either (i) be surrendered to Landlord with the Premises at the termination of this Lease or of Tenant's right to possession, or (ii) be removed in accordance with Section 14 below. Notwithstanding anything to the applicable Leasehold Improvements (orcontrary herein, as to Permitted Alterations, at any time following the installation thereof), parties acknowledge and agree that Tenant's anechoic chamber shall remain upon Tenant's property and be surrendered with treated herein as a trade fixture, which shall be removed (and any damage caused thereby shall be repaired) at Tenant's sole cost and expense upon the Leased Premises in good order, condition and repair. Tenant shall not be required to remove any Leasehold Improvements installed prior to the date expiration or termination of this Lease. All movable goods, inventory, office furniture, equipment, trade fixtures and other movable personal property belonging to Tenant that are not permanently affixed to the Leased Premises, shall remain Tenant’s property (“Tenant’s Property”) and shall be removable by Tenant at any time, provided that Tenant (i) is not in violation of any provision of this Lease, and (ii) repairs any damage to the Leased Premises or the Building caused by the removal of any of Tenant’s Property.

Appears in 1 contract

Samples: Confirmation Agreement (Ydi Wireless Inc)

Ownership of Improvements. All present and future alterations, additions, renovations, improvements and installations made to Until the Leased Premises, including without limitation the Tenant Work (if any) (“Leasehold Improvements”), shall be deemed to be the property of Landlord when made and, upon Tenant’s vacation expiration or abandonment of the Leased Premises, unless Landlord directs otherwise at the time Tenant requests Landlord’s consent to the applicable Leasehold Improvements (or, as to Permitted Alterations, at any time following the installation thereof), shall remain upon and be surrendered with the Leased Premises in good order, condition and repair. Tenant shall not be required to remove any Leasehold Improvements installed prior to the date of this Lease. All movable goods, inventory, office furniture, equipment, trade fixtures and other movable personal property belonging to Tenant that are not permanently affixed to the Leased Premises, shall remain Tenant’s property (“Tenant’s Property”) and shall be removable by Tenant at any time, provided that Tenant (i) is not in violation of any provision sooner termination of this Lease, title to any building equipment and (ii) repairs other items installed in the Building by Tenant and any damage alteration, change or addition thereto shall remain solely in Tenant; and Tenant alone shall be entitled to deduct all depreciation on Tenant's income tax returns for any such building equipment and/or other items, additions, changes or alterations. Provided, all permanently attached additions, non-trade fixtures and improvements, in or upon the Premises, whether placed thereon by Tenant or by Landlord, shall become Landlord's property and shall remain upon the Premises at the termination of this Lease without compensation, allowance or credit to Tenant, unless Landlord had advised Tenant at the time of the construction or installation of the improvement that such item would have to be removed at the end of the Term of this Lease, in which event, Tenant shall cause such removal at Tenant's expense. All other improvements and trade fixtures installed by Tenant may be removed by Tenant prior to the Leased termination of this Lease if Tenant so elects and such property or any portion thereof will be removed if previously required by Landlord; upon any such removal Tenant will restore the Premises or to their original condition, reasonable wear and tear excepted. Any such property remaining on the Building caused by Premises after termination shall become the removal property of any of Tenant’s PropertyLandlord.

Appears in 1 contract

Samples: Lease Agreement (Transact Technologies Inc)

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Ownership of Improvements. All present and future alterations, additions, renovations, improvements and installations made to the Leased Premises, including without limitation the Tenant Work (if any) (“Leasehold Improvements”), shall be deemed to be the property of Landlord when made and, upon Tenant’s vacation or abandonment of the Leased Premises, unless Landlord directs otherwise at the time Tenant requests Landlord’s consent to the applicable Leasehold Improvements (or, as to Permitted Alterations, at any time following the installation thereof)otherwise, shall remain upon and be surrendered with the Leased Premises in good order, condition and repair. Tenant shall not be required to remove any Leasehold Improvements installed prior to the date of this Lease. All movable goods, inventory, office furniture, equipment, trade fixtures and other movable personal property belonging to Tenant that are not permanently affixed to the Leased PremisesPremises (including supplemental HVAC units and such other items of personal property that are temporarily affixed to the Leased Premises by bolts or screws, but can be removed without any damage to the Leased Premises or the Building), shall remain Tenant’s property (“Tenant’s Property”) and shall be removable by Tenant at any time, provided that Tenant (i) is not in violation of any provision of this Lease, and (ii) repairs shall repair any damage to the Leased Premises or the Building caused by the removal of any of Tenant’s Property.

Appears in 1 contract

Samples: Office Lease Agreement (Opnet Technologies Inc)

Ownership of Improvements. All present and future installations, alterations, additionsadditions or improvements made in, renovations, improvements and installations made on or to the Leased Premises, including by either party, including, without limitation limitation, all equipment and fixtures, light fixtures, roof-top air conditioning units, pipes, ducts, conduits, plumbing, wiring, paneling, decorations, partitions, railings, mezzanines, floors, floor and wall coverings, galleries and similar items (the Tenant Work (if any) (“"Leasehold Improvements”), ") shall be deemed to be the property of Landlord when made andLandlord, upon Tenant’s vacation or abandonment of the Leased Premises, and unless Landlord directs otherwise at the time Tenant requests Landlord’s consent to the applicable Leasehold Improvements (or, as to Permitted Alterations, at any time following the installation thereof)otherwise, shall remain upon and be surrendered with the Leased Premises as part thereof in good order, condition and repair. Tenant shall not be required to remove any Leasehold Improvements installed prior to , ordinary wear and tear excepted, upon Tenant's vacation or abandonment of the date of this LeasePremises. All movable goods, inventory, office furniture, equipmentvaults/safes, trade fixtures and other movable personal property belonging to Tenant that which are not permanently affixed to installed or stored in the Leased Premises, shall remain Tenant’s 's property ("Tenant’s 's Property") and shall be removable by Tenant at any time, time provided that that: (a) Tenant (i) is not in violation of any provision of default under this Lease, ; and (iib) repairs Tenant shall immediately repair any damage to the Leased Premises or the Building caused by the removal of any of Tenant’s Property's Property and restore the Premises to the same condition as existed prior to the installation of such property. Nothing in this Section 9.3 shall be construed to permit Tenant to remove so much of Tenant's Property from the Premises prior to the end of the Term without the immediate replacement thereof with similar property of comparable or better quality so as to maintain the Premises suitable for the Permitted Use throughout the Term.

Appears in 1 contract

Samples: Lease

Ownership of Improvements. All present and future alterations, additions, renovations, improvements and installations made to the Leased Premises, including without limitation the Tenant Work (if any) (“"Leasehold Improvements"), shall be deemed to be the property of Landlord when made and, upon Tenant’s 's vacation or abandonment of the Leased Premises, unless Landlord directs otherwise at the time Tenant requests Landlord’s consent to the applicable Leasehold Improvements (or, as to Permitted Alterations, at any time following the installation thereof)otherwise, shall remain upon and be surrendered with the Leased Premises in good order, condition and repair. Tenant shall not be required to remove any Leasehold Improvements installed prior to the date of this Lease. All movable goods, inventory, office furniture, equipment, trade fixtures and other movable personal property belonging to Tenant that are not permanently affixed to the Leased PremisesPremises (including supplemental HVAC units and such other items of personal property that are temporarily affixed to the Leased Premises by bolts or screws, but can be removed without any damage to the Leased Premises or the Building), shall remain Tenant’s 's property ("Tenant’s 's Property") and shall be removable by Tenant at any time, provided that Tenant (i) is not in violation of any provision of this Lease, and (ii) repairs shall repair any damage to the Leased Premises or the Building caused by the removal of any of Tenant’s 's Property.

Appears in 1 contract

Samples: Office Lease Agreement (Opnet Technologies Inc)

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