Common use of Surrender of Project Clause in Contracts

Surrender of Project. Except as otherwise provided in this Lease, at the expiration or sooner termination of the Lease Term, the Company agrees to surrender possession of the Project peaceably and promptly to the Issuer in as good condition as at the commencement of the Lease Term, excepting only ordinary wear, tear, and obsolescence, and damage by fire or other casualty or a taking by eminent domain which the Company is not obligated by this Lease to repair.

Appears in 6 contracts

Samples: Lease Agreement (Legacy Housing, LTD.), Lease Agreement (Legacy Housing, LTD.), Lease Agreement

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Surrender of Project. Except as otherwise provided in In the event the Company should default under this Lease, at the expiration or sooner termination of Lease and the Lease TermTerm is terminated, the Company agrees to surrender possession of the Project peaceably and promptly to the Issuer Director in as good condition as prevailed at the commencement of the Lease Termtime it was put in full possession thereof, excepting only ordinary wear, tear, and obsolescence, and damage loss by fire or other casualty or a taking covered by eminent domain which the Company is not obligated by this Lease to repairinsurance, ordinary wear and tear, obsolescence and acts of God excepted.

Appears in 3 contracts

Samples: Lease (Luiginos Inc), Lease (Venture Service Co), Luiginos Inc

Surrender of Project. Except as otherwise provided in this Lease, at the expiration or sooner termination of the Lease Term, the Company agrees to surrender possession of the Project peaceably and promptly to the Issuer in as good condition as at the commencement of the Lease Term, excepting only ordinary wear, tear, and obsolescence, and damage by fire or other casualty or a taking by eminent domain which the Company is not obligated by this Lease to repair.

Appears in 2 contracts

Samples: Lease Agreement (National Beef Packing Co LLC), Lease Agreement (Carbo Ceramics Inc)

Surrender of Project. Except as otherwise provided in this Lease, at the expiration or sooner termination of the Lease Term, the Company agrees to surrender possession of the Project peaceably and promptly to the Issuer Authority in as good condition as at the commencement of the Lease Term, excepting only ordinary wear, tear, and obsolescence, and damage by fire or other casualty or a taking by eminent domain which the Company is not obligated by this Lease to repair.

Appears in 1 contract

Samples: Lease Agreement (Nb Finance Corp)

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Surrender of Project. Except as otherwise provided in this 2008 Lease, at the expiration or sooner termination of the Lease Term, the Company agrees to surrender possession of the Project peaceably and promptly to the Issuer in as good condition as at the commencement of the Lease Term, excepting only ordinary wear, tear, and obsolescence, and damage by fire or other casualty or a taking by eminent domain which the Company is not obligated by this 2008 Lease to repair.

Appears in 1 contract

Samples: Lease Agreement (Carbo Ceramics Inc)

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