RETURN OF THE PREMISE. The LESSOR delivers the Premise to the LESSEE on an “as is” basis. Upon expiration of the Contract or termination for any reason, the LESSEE shall vacate the Premise, restore it to the status as it was originally delivered to the LESSEE, and return the Premise to the LESSOR; if the Premise are not returned in time, the LESSOR may dispose of any items left behind by the LESSEE at the expenses of the LESSEE. Upon the return of the Premise, the LESSEE may not request any compensation for moving or any other expenses for any reason. Additionally, the LESSEE’s return of the Premise is NOT conditional upon the LESSOR’s return of the Security Deposits. Upon expiration or termination of the Contract, the LESSEE shall vacate the Premise, restore it to the status when it was originally delivered to the LESSEE. Otherwise, the LESSOR may cease the supply of water, electricity, air conditioning, etc. The LESSEE shall also be subject to the daily punitive penalty at an amount equivalent to two times of the stipulated rent from the overdue date to the date it returns the Premise to the LESSOR as compensation for the LESSOR’s loss. If the aggregate amount of the penalty under this article and Article 10 is insufficient to cover the LESSOR’s loss, the LESSEE shall still be liable for the remainder of such loss. With the prior written consent of the LESSOR (the LESSOR shall not refuse such consent without sufficient reason) and supporting relevant documents substantiating such fact, the LESSOR may consign or sublease the Contract or the use of the Premise to its subsidiary, affiliates, or other surviving companies subsequent to a legal merge or restructure of the LESSEE. The LESSEE is entitled to a one-time right of first refusal, under which, except for the rent and rent-free, the conditions of the new contract shall be the same as the Contract. The terms related to rent for the extension should be mutually agreed upon by the parties based on the market of the lease of the Premise at the time of the extension. If the LESSEE wishes to execute the aforementioned right of first refusal, it shall inform the LESSOR three (3) months in advance of the expiration date of the Contract, and shall, prior to such expiration date, complete the execution of the new lease contract in order to continue the use of the Premise subsequent to the expiration of the Contract; otherwise, there will not exist any lease relationship between the parties after the expiration of the Contract. During ...
RETURN OF THE PREMISE. 9.1 Upon the termination or expiration of this Contract, Party B shall be responsible for restoring the Premise to its original condition that meets the hand-over standards (except for normal wear and tear). Party B may go through procedures to return the Premise after it is inspected to be acceptable to Party A. Otherwise, Party A shall have the right to restore the Premise on behalf of Party B and deduct corresponding fees from the deposit. Party A shall have the right to claim against Party B for any shortfall, if any. If Party B intends to keep the fitting-out and auxiliary facilities it has added or renovated rather than to restore the Premise to its original condition, it shall apply to Party A in advance and obtain Party A’s written consent. If Party A agrees that no restoration or only partial restoration is required, Party B shall carry out such partial restoration (if necessary) as required by Party A and provide complete drawings, fire protection certificates, warranties and users’ handbooks for all fitting-out and auxiliary facilities left (and ensure that such fitting-out and auxiliary facilities are maintained in good and usable condition).
