Common use of Ownership Removal Surrender and Restoration Clause in Contracts

Ownership Removal Surrender and Restoration. Notwithstanding any provision in this Lease to the contrary: (a) Lessee shall not be required to remove (i) any improvements and fixtures installed by Lessee in, on or about the Premises pursuant to Lessee's repair obligation under this Lease, (ii) any of the initial Tenant Improvements pursuant to Paragraph 50(A) hereof, or (iii) any Alterations or Utility Installations for which Lessee has obtained Lessor's consent, unless Lessor has indicated, at the time of granting such consent, that such removal will be required. (b) In addition to its personal property, equipment, and Trade Fixtures, Lessee shall be entitled to remove any Lessee Owned Alterations and Utility Installations (but not, in any case, any electrical or communications cabling and any items agreed in advance by Lessor and Lessee to remain on the Premises) at the expiration of the term, provided Lessee repairs all damage caused by such removal.

Appears in 2 contracts

Sources: Lease Agreement (Homestead Com Inc), Standard Industrial/Commercial Multi Tenant Lease (Homestead Com Inc)