Common use of Surrender Premises Clause in Contracts

Surrender Premises. Tenant agrees to surrender to Landlord, at the end of the term of this Lease and/or upon any cancellation of this Lease, said leased Premises in broom-clean and tenantable condition, ordinary wear and tear and damage by fire and windstorm or other acts of God, excepted, and subject to the provisions of Section 6 hereof. Tenant agrees that if Tenant does not surrender to Landlord, at the end of the term of this Lease, or upon any cancellation of the term of this Lease, said leased Premises, then Tenant will pay to Landlord all damages that Landlord may suffer on account of Tenant's failure to so -20- <PAGE> surrender to Landlord possession of said leased Premises, and will indemnify and save Landlord harmless from and against all claims made by any succeeding tenant of said Premises against Landlord on account of delay of Landlord in delivering possession of said Premises to said succeeding tenant so far as such delay is occasioned by failure of Tenant to so surrender said Premises. All trade fixtures, equipment, furniture, inventory, effects, alterations, additions, and improvements not removed by Tenant at the expiration or other termination of Tenant's right to possession of the Premises, will be deemed conclusively to have been abandoned and may be appropriated, sold, stored, destroyed, or otherwise disposed of by landlord without notice to tenant or any other person and without obligation to account for them; and tenant will pay landlord for all expenses incurred in connection with such property, including but not limited to the cost of repairing any damage to the Premises caused by the removal of such property. 31.

Appears in 1 contract

Sources: Business Lease

Surrender Premises. Tenant agrees to surrender to Landlord, at the end of the term of this Lease and/or upon any cancellation of this Lease, said leased Premises in broom-clean and tenantable condition, ordinary wear and tear and damage by fire and windstorm or other acts of God, excepted, and subject to the provisions of Section 6 hereof. Tenant agrees that if Tenant does not surrender to Landlord, at the end of the term of this Lease, or upon any cancellation of the term of this Lease, said leased Premises, then Tenant will pay to Landlord all damages that Landlord may suffer on account of Tenant's failure to so -20- <PAGE> surrender to Landlord possession of said leased Premises, and will indemnify and save Landlord harmless from and against all claims made by any succeeding tenant of said Premises against Landlord on account of delay of Landlord in delivering possession of said Premises to said succeeding tenant so far as such delay is occasioned by failure of Tenant to so surrender said Premises. All trade fixtures, equipment, furniture, inventory, effects, alterations, additions, and improvements not removed by Tenant at the expiration or other termination of Tenant's right to possession of the Premises, will be deemed conclusively to have been abandoned and may be appropriated, sold, stored, destroyed, or otherwise disposed of by landlord without notice to tenant or any other person and without obligation to account for them; and tenant will pay landlord for all expenses incurred in connection with such property, including but not limited to the cost of repairing any damage to the Premises caused by the removal of such property. 31.

Appears in 1 contract

Sources: Business Lease (Be Aerospace Inc)

Surrender Premises. Tenant agrees to surrender to Landlord, at the end of the term of this Lease and/or upon any cancellation of this Lease, said leased Premises premises in broom-clean and tenantable condition, ordinary wear and tear and damage by fire and windstorm or other acts of God, excepted, and subject to the provisions of Section paragraph 6 hereof. Tenant agrees that that, if Tenant does not surrender to Landlord, at the end of the term of this Lease, or upon any cancellation of the term of this Lease, said leased Premisespremises, then such holding over shall not be deemed to extend the term of or renew this Lease, but Tenant’s occupancy thereafter shall continue as a tenancy from month to month upon the terms and conditions herein contained and at the holdover rent of one hundred and fifty percent (150%) of the monthly base rent in effect immediately preceding the end of the term of this Lease and this holdover tenancy may be terminated by Landlord or Tenant will pay upon fifteen (15) days prior written notice. Nothing in this Section 30 shall be construed as a consent by Landlord to any holding over by Tenant and Landlord all damages that Landlord may suffer on account of Tenant's failure expressly reserves the right to so -20- <PAGE> surrender to Landlord possession of said leased Premises, and will indemnify and save Landlord harmless from and against all claims made by any succeeding tenant of said Premises against Landlord on account of delay of Landlord in delivering possession of said Premises to said succeeding tenant so far as such delay is occasioned by failure of require Tenant to so surrender said Premises. All trade fixtures, equipment, furniture, inventory, effects, alterations, additions, and improvements not removed by Tenant at the expiration or other termination of Tenant's right to possession of the Premises, will be deemed conclusively Premises upon the expiration of the term of this Lease or upon the earlier termination hereof and to have been abandoned and may be appropriated, sold, stored, destroyed, assert any remedy in law or otherwise disposed of by landlord without notice equity to tenant or any other person and without obligation to account for them; and tenant will pay landlord for all expenses incurred evict Tenant and/or collect damages in connection with such property, including but not limited to the cost of repairing any damage to the Premises caused by the removal of such property. 31holding over.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Catalina Lighting Inc)