Common use of Surrender at Termination Clause in Contracts

Surrender at Termination. 11.1 Upon the expiration or other termination of this Lease, ▇▇▇▇▇▇ will immediately surrender possession of the Premises, including fixtures which are a part of the Premises, to Landlord, broom-clean, and in the condition as received or first installed, ordinary wear and tear excepted. 11.2 All fixtures, equipment, improvements and appurtenances attached to, or built into, the Premises at the commencement or during the term hereof, including floor to ceiling partitions, doors, hardware, window treatments and carpeting, will be and remain part of the Premises and upon their construction and installation will be deemed the property of Landlord and will not be removed by Tenant. All electric, ventilation, silencing, air conditioning, and cooling equipment will be deemed to be included in such fixtures, equipment, improvements, and appurtenances, whether or not attached to or built into the Premises. 11.3 Upon expiration or other termination of this Lease, Tenant, at its expense, will remove all office furnishings, equipment and improvements which are not fixtures and are not the property of Landlord. ▇▇▇▇▇▇ agrees that it will pay the cost of repairing any damage to the Premises or the Building arising from removal of any property which Tenant is permitted or obligated to remove from the Premises. Any property left on the Premises after the expiration or termination of this Lease will be deemed conclusively to have been abandoned and to be the property of Landlord to dispose of as Landlord deems most expedient, at Tenant's expense. Such disposal options may include, in ▇▇▇▇▇▇▇▇'s sole discretion, the following: Landlord may store such property at Tenant's expense until all indebtedness owed to Landlord is paid, retain such property in satisfaction of such indebtedness, sell such property and apply the net sale proceeds to such indebtedness, or discard such property. If Tenant caused the lighting layout or heating, ventilating or air conditioning systems to be altered from building standard layouts, then, unless Landlord will otherwise agree in writing, at the expiration or termination of this Lease, Tenant will pay to Landlord an amount equal to the cost to replace such nonstandard layouts to building standard layouts. 11.4 Tenant will indemnify and hold Landlord harmless against any loss or liability resulting from delay by ▇▇▇▇▇▇ in surrendering the Premises, including, without limitation, any claims made by any succeeding tenant.

Appears in 1 contract

Sources: Lease Agreement

Surrender at Termination. 11.1 Upon the expiration or other termination of this Lease, ▇▇▇▇▇▇ will immediately surrender possession of the Premises, including fixtures which are a part of the Premises, to Landlord, broom-clean, and in the condition as received or first installed, ordinary wear and tear excepted. 11.2 All fixtures, equipment, improvements and appurtenances attached to, or built into, the Premises at the commencement or during the term hereof, including floor to ceiling partitions, doors, hardware, window treatments and carpeting, will be and remain part of the Premises and upon their construction and installation will be deemed the property of Landlord and will not be removed by Tenant. All electric, ventilation, silencing, air conditioning, and cooling equipment will be deemed to be included in such fixtures, equipment, improvements, and appurtenances, whether or not attached to or built into the Premises. 11.3 Upon expiration or other termination of this Lease, Tenant, at its expense, will remove all office furnishings, equipment and improvements which are not fixtures and are not the property of Landlord. ▇▇▇▇▇▇ agrees that it will pay the cost of repairing any damage to the Premises or the Building arising from removal of any property which Tenant is permitted or obligated to remove from the Premises. Any property left on the Premises after the expiration or termination of this Lease will be deemed conclusively to have been abandoned and to be the property of Landlord to dispose of as Landlord deems most expedient, at Tenant's expense. Such disposal options may include, in ▇▇▇▇▇▇▇▇'s sole discretion, the following: Landlord may store such property at Tenant's expense until all indebtedness owed to Landlord is paid, retain such property in satisfaction of such indebtedness, sell such property and apply the net sale proceeds to such indebtedness, or discard such property. If Tenant caused the lighting layout or heating, ventilating or air conditioning systems to be altered from building standard layouts, then, unless Landlord will otherwise agree in writing, at At the expiration or termination of this Lease, Tenant will pay to Landlord an amount equal shall peaceably vacate and deliver the Premises and all alterations and additions thereto in good order, repair and condition, ordinary wear and tear as defined in paragraph 5.01 herein excepted, restoring the Premises wherever necessary and leaving them clean and neat. Tenant shall remove all personal property prior to the cost expiration of this Lease, including any signs, notices and displays placed by Tenant, and Tenant shall perform any necessary restoration of the Premises occasioned by such removal. Tenant shall also remove those improvements, alterations and additions made by Tenant or by Landlord on behalf of Tenant which Landlord required Tenant to replace remove when Landlord provided Tenant with its consent to the installation of such nonstandard layouts improvements, alterations and additions, unless Landlord, prior to building standard layouts. 11.4 the expiration or termination of this Lease, elects in writing not to require such removal. Tenant will indemnify shall repair any damage caused by such removal and hold shall restore the Premises and leave them clean. If Tenant is not required by Landlord harmless against any loss to remove such improvements, alterations or liability resulting from delay by ▇▇▇▇▇▇ in surrendering additions to the Premises upon the expiration or termination of this Lease, such improvements, alterations and additions to the Premises, includingas well as any of Tenant's personal property left on the Premises by Tenant shall become the property of Landlord and shall remain and be surrendered with the premises. Tenant waives all claims against Landlord for any damage to Tenant resulting from Landlord's retention or disposition of any such improvements, without limitationalterations, additions or Tenant's personal property. Tenant shall be liable to Landlord for Landlord's costs for storing, removing and disposing of any claims made by improvements, alterations, additions or Tenant's personal property, together with the then current rental value of the premises during the time required to perform any succeeding tenantsuch clean up or restoration.

Appears in 1 contract

Sources: Business Property Lease Agreement (Scripps Financial Corp)

Surrender at Termination. 11.1 Upon the expiration or other termination of this Lease, ▇▇▇▇▇▇ Tenant will immediately surrender possession of the Premises, including fixtures which are a part of the Premises, to Landlord, broom-clean, and in the condition as received or first installed, ordinary wear and tear excepted. 11.2 All fixtures, equipment, improvements and appurtenances attached to, or built into, the Premises at the commencement or during the term hereof, including floor to ceiling partitions, doors, hardware, window treatments and carpeting, will be and remain part of the Premises and upon their construction and installation will be deemed the property of Landlord and will not be removed by Tenant. All electric, ventilation, silencing, air conditioning, and cooling equipment will be deemed to be included in such fixtures, equipment, improvements, and appurtenances, whether or not attached to or built into the Premises. 11.3 Upon expiration or other termination of this Lease, Tenant, at its expense, will remove all office furnishings, equipment and improvements which are not fixtures and are not the property of Landlord. ▇▇▇▇▇▇ Tenant agrees that it will pay the cost of repairing any damage to the Premises or the Building arising from removal of any property which Tenant is permitted or obligated to remove from the Premises. Any property left on the Premises after the expiration or termination of this Lease will be deemed conclusively to have been abandoned and to be the property of Landlord to dispose of as Landlord deems most expedient, at Tenant's expense. Such disposal options may include, in ▇▇▇▇▇▇▇▇Landlord's sole discretion, the following: Landlord may store such property at Tenant's expense until all indebtedness owed to Landlord is paid, retain such property in satisfaction of such indebtedness, sell such property and apply the net sale proceeds to such indebtedness, or discard such property. If Tenant caused the lighting layout or heating, ventilating or air conditioning systems to be altered from building standard layouts, then, unless Landlord will otherwise agree in writing, at the expiration or termination of this Lease, Tenant will pay to Landlord an amount equal to the cost to replace such nonstandard layouts to building standard layouts. 11.4 Tenant will indemnify and hold Landlord harmless against any loss or liability resulting from delay by ▇▇▇▇▇▇ Tenant in surrendering the Premises, including, without limitation, any claims made by any succeeding tenant.

Appears in 1 contract

Sources: Lease Agreement