Ownership Removal Surrender and Restoration. 1. Lessee shall not be required to remove or restore any of the tenant improvements made by Lessor or Lessee prior to the Commencement Date, including the mezzanine, and described in Exhibit A or Exhibit B hereto. 2. The second sentence of Paragraph 7.4(a) is deleted. All of Lessee’s improvements which are to be made by Lessee as described in Exhibit B hereto and any Alterations and Utility Installations made by Lessee thereafter, for which Lessee shall have paid the cost thereof, including, but not limited to site specific electrical installations to accommodate turbine engines, shall not become the property of Lessor, but rather shall be Lessee’s own property which Lessee may remove from the Premises prior to or at the end of the term of this Lease, provided that Lessee shall be responsible to repair any damages caused by the removal thereof. 3. Lessor’s right under Paragraph 7.4(b) to require that any or all of Lessee’s improvements and Lessee Owned Alterations or Utility Installations be removed by Lessee by the expiration or earlier termination of this Lease applies only to all tenant improvements made after the Commencement Date, including but not limited to improvements which were made to the Premises by Lessor after the Commencement Date at the request of Lessee and improvements made after the Commencement Date the cost of which was amortized over the term of this Lease or a portion thereof in the form of additional rent. As stated above, Lessor shall not have the right to require Lessee to remove any improvements made by Lessor or Lessee prior to the Commencement Date and described in Exhibit A or Exhibit B hereto.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Capstone Turbine Corp)
Ownership Removal Surrender and Restoration. 1. Lessee shall not be required to remove or restore any of the tenant improvements made by Lessor or Lessee prior to the Commencement Date, including the mezzanine, and described in Exhibit A or Exhibit B hereto.
2. The second sentence of Paragraph 7.4(a7.4
(a) is deleted. All of Lessee’s 's improvements which are to be made by Lessee as described in Exhibit B hereto and any Alterations and Utility Installations made by Lessee thereafter, for which Lessee shall have paid the cost thereof, including, but not limited to site specific electrical installations to accommodate turbine engines, shall not become the property of Lessor, but rather shall be Lessee’s 's own property which Lessee may remove from the Premises prior to or at the end of the term of this Lease, provided that Lessee shall be responsible to repair any damages caused by the removal thereof.
3. Lessor’s 's right under Paragraph 7.4(b) to require that any or all of Lessee’s 's improvements and Lessee Owned Alterations or Utility Installations be removed by Lessee by the expiration or earlier termination of this Lease applies only to all tenant improvements made after the Commencement Date, including but not limited to improvements which were made to the Premises by Lessor after the Commencement Date at the request of Lessee and improvements made after the Commencement Date the cost of which was amortized over the term of this Lease or a portion thereof in the form of additional rent. As stated above, Lessor shall not have the right to require Lessee to remove any improvements made by Lessor or Lessee prior to the Commencement Date and described in Exhibit A or Exhibit B hereto.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Capstone Turbine Corp)