Common use of Removal at Termination Clause in Contracts

Removal at Termination. Upon the termination of this Lease or Tenant’s right of possession, Tenant shall remove from the Project its trade fixtures, furniture, moveable equipment and other personal property, any improvements required to be removed by Tenant pursuant to Section 5D, and any improvements made by Tenant to any portion of the Project other than the Premises. Nothing in this Section 5 shall require Tenant to remove any part of the Initial Improvements (as defined in Appendix C). Tenant shall repair all damage caused by the installation or removal of any of the foregoing items. If Tenant does not timely remove such property, then Tenant shall be conclusively presumed to have, at Landlord’s election (i) conveyed such property to Landlord without compensation or (ii) abandoned such property, and Landlord may dispose of or store any part thereof in any manner at Tenant’s sole cost, without waiving Landlord’s right to claim from Tenant all expenses arising out of Tenant’s failure to remove the property, and without liability to Tenant or any other person. Landlord shall have no duty to be a bailee of any such personal property. If Landlord elects abandonment, Tenant shall pay to Landlord, upon demand, any expenses incurred for removal, repair or disposition.

Appears in 2 contracts

Sources: Consent of Landlord to Sublease, Consent of Landlord to Sublease (CreditCards.com, Inc.)

Removal at Termination. Upon the termination of this Lease or Tenant’s 's right of possession, possession Tenant shall remove from the Project its trade fixtures, furniture, moveable equipment and other personal property, interior and exterior signage, any improvements which Tenant is required to be removed by Tenant remove pursuant to Section 5D, and any improvements made by Tenant to any portion of the Project other than the Premises. Nothing in this Section 5 shall require Premises (Tenant specifically agreeing to remove any part of the Initial Improvements (as defined in Appendix Cemergency generator). Tenant shall repair all damage caused by the installation or removal of any of the foregoing items. If Tenant does not timely remove such property, then and Tenant fails to remove it within 20 days of receipt of written notice requesting such removal, Tenant shall be conclusively presumed to have, at Landlord’s election 's election, (i) conveyed such property to Landlord without compensation compensation, or (ii) abandoned such property, and Landlord may dispose of or store any part thereof in any manner at Tenant’s 's sole cost, without waiving Landlord’s 's right to claim from Tenant all expenses arising out of Tenant’s 's failure to remove the property, and without liability to Tenant or any other person. Landlord shall have no duty to be a bailee of any such personal property. If Landlord elects abandonment, Tenant shall pay to Landlord, upon demand, any expenses incurred for removal, repair or disposition.

Appears in 1 contract

Sources: Lease (Microvision Inc)

Removal at Termination. Upon the termination of this Lease or Tenant’s 's right of possession, Tenant shall remove from the Project Building its trade fixtures, furniture, moveable equipment and other personal propertyproperty (including Tenant's security system), any improvements required to which Landlord elects shall be removed by Tenant pursuant to Section 5D, and any improvements made by Tenant to any portion of the Building or the Project other than the Premises. Nothing in this Section 5 shall require Tenant to remove any part of the Initial Improvements (as defined in Appendix C). Tenant shall repair all damage caused by the installation or removal of any of the foregoing items. If Tenant does not timely remove such propertyproperty within ten (10) business days after notice from Landlord to do so, then Tenant shall be conclusively presumed to have, at Landlord’s 's election (i) conveyed such property to Landlord without compensation or (ii) abandoned such property, and Landlord may dispose of or store any part thereof in any manner at Tenant’s 's sole cost, without waiving Landlord’s 's right to claim from Tenant all expenses arising out of Tenant’s Tenant s failure to remove the property, and without liability to Tenant or any other person. Landlord shall have no duty to be a bailee of any such personal property. If Landlord elects abandonment, Tenant shall pay to Landlord, upon demand, any expenses incurred for removal, repair or disposition.

Appears in 1 contract

Sources: Lease Agreement (Pervasive Software Inc)

Removal at Termination. Upon Except for those improvements constructed by Landlord prior to the Commencement Date according to the terms of Appendix C, upon the termination of this Lease or Tenant’s 's right of possession, possession Tenant shall remove from the Project its trade fixtures, furniture, moveable equipment and other personal property, any improvements required to which Landlord elects shall be removed by Tenant pursuant to Section 5D, and any improvements made by Tenant to any portion of the Project other than the Premises. Nothing in this Section 5 shall require Tenant to remove any part of the Initial Improvements (as defined in Appendix C). Tenant shall repair all damage caused by the installation or removal of any of the foregoing items. If Tenant does not timely remove such property, then Tenant shall be conclusively presumed to have, at Landlord’s 's election (i) conveyed such property to Landlord without compensation or (ii) abandoned such property, and Landlord may dispose of or store any part thereof in any manner at Tenant’s 's sole cost, without waiving Landlord’s 's right to claim from Tenant all expenses arising out of Tenant’s 's failure to remove the property, and without liability to Tenant or any other person. Landlord shall have no duty to be a bailee of any such personal property. If Landlord elects abandonment, Tenant shall pay to Landlord, upon demand, any expenses incurred for removal, repair or disposition.

Appears in 1 contract

Sources: Lease Agreement (Concord Camera Corp)