Common use of Surrender on Termination Clause in Contracts

Surrender on Termination. The Lessee/Operator, upon termination of this agreement pursuant to the provisions hereof, shall quit, surrender and return to the Borough all of the property of the Borough in as good a state and condition that such property was in on the effective date of this agreement, normal wear excepted.

Appears in 2 contracts

Sources: Lease and Operating Agreement, Lease and Operating Agreement