Common use of Surrendering the Premises Clause in Contracts

Surrendering the Premises. Tenant shall schedule its date(s) for vacating and moving out of the Premises, in writing, with Landlord in advance of the Termination Date and surrender the Premises to Landlord in a broom clean condition and otherwise in the same condition that existed immediately following the installation of the Tenant Improvements in the Premises, except for: (i) ordinary wear and tear; (ii) damage by the elements, fire, and other casualty, unless Tenant would be required to repair such damage under Section 6.3 or Section 6.4 herein; (iii) condemnation; and (iv) permitted Improvements, unless Landlord requires their removal under Section 6.1 herein. On surrender, Tenant shall remove from the Premises its personal property, trade fixtures, any Improvements required to be removed under Section 6.1 herein, and, at Landlord’s request given to Tenant at least ninety (90) days prior to the scheduled Termination Date (unless the termination is due to Tenant’s default, in which case Tenant will remove such cabling and wiring upon Landlord’s request without notice, or reimburse Landlord for the cost of such removal if Landlord removes the same), Tenant shall remove any communications or computer cabling and wiring placed in the Premises or other parts of the Building (including, without limitation, the Data Center) by Tenant, and Tenant shall repair any damage to the Premises or the Building (or reimburse Landlord for the cost of the same) caused by any such removal of such personal property, trade fixtures, Improvements or cabling and wiring, required in this Section 6.7. Any items not removed by Tenant as required above shall be considered abandoned unless the parties agree otherwise in writing. Landlord may dispose of abandoned items as Landlord chooses and ▇▇▇▇ Tenant for the cost of their removal and disposal, minus any revenues received by Landlord for their disposal.

Appears in 2 contracts

Sources: Lease (Premier, Inc.), Lease (Premier, Inc.)

Surrendering the Premises. Upon the Expiration Date, Tenant shall schedule its date(s) for vacating and moving out of the Premises, in writing, with Landlord in advance of the Termination Date and surrender the Premises to Landlord in a the same broom clean condition and otherwise that the Premises were in on the same condition that existed immediately following the installation of the Tenant Improvements in the Premises, Commencement Date except for: (i) ordinary wear and tear; (ii) damage by the elements, fire, and other casualty, unless Tenant would be required to repair such damage same under Section 6.3 or Section 6.4 hereinthis Lease; (iii) condemnation; damage arising from any cause not required to be repaired or replaced by Tenant; and (iv) Alterations to the Premise as permitted Improvementsby this Lease, unless Landlord requires their Landlord's consent to such Alterations was conditioned on the removal under Section 6.1 hereinof same. On surrenderUpon surrendering the Premises, Tenant shall remove from the Premises its Tenant's personal property, trade fixtures, and any Improvements alterations required to be removed under Section 6.1 herein, and, at Landlord’s request given to Tenant at least ninety (90) days prior to the scheduled Termination Date (unless the termination is due to Tenant’s default, in which case Tenant will remove such cabling this Subsection and wiring upon Landlord’s request without notice, or reimburse Landlord for the cost of such removal if Landlord removes the same), Tenant shall remove any communications or computer cabling and wiring placed in the Premises or other parts of the Building (including, without limitation, the Data Center) by Tenant, and Tenant shall repair any damage to the Premises or the Building (or reimburse Landlord for the cost of the same) caused by any such removal of such personal property, trade fixtures, Improvements or cabling and wiring, required in this Section 6.7removal. Any items not removed by Tenant as required above shall be considered abandoned unless the parties agree otherwise in writingabandoned. Landlord may dispose of abandoned items as Landlord chooses and ▇▇▇▇ charge Tenant for the cost of their removal and disposal, minus less any revenues received by Landlord for their disposal. Parking. Landlord represents and warrants to Tenant that there are sufficient parking spaces located in the parking areas servicing the Project as required by all applicable zoning ordinances. Based on Tenant's use w of the Premises as permitted under this Lease, Tenant shall be entitled to the non-exclusive use up to a maximum of ONE HUNDRED FORTY-FOUR (144) unassigned spaces in the Project parking area, to be used by Tenant, its employees, customers, clients and invitees; provided that such maximum parking space allowance is calculated on the basis of six (6) spaces per 1,000 square feet of net rentable floor area of the Premises, and in the event of any adjustment to said net rentable floor area as provided herein, the maximum parking space allowance shall be recalculated accordingly. Tenant shall cooperate with Landlord as necessary to confirm that Tenant is in compliance with the limitations set forth in this Subsection. TENANT'S RIGHTS AND OBLIGATIONS Alterations.

Appears in 1 contract

Sources: Office Lease Agreement (E Loan Inc)

Surrendering the Premises. Tenant shall schedule On or before the expiration or any earlier termination of this Lease, Tenant, at its date(sexpense, shall: (a) for vacating and moving out of the Premises, in writing, with Landlord in advance of the Termination Date and surrender the Premises to Landlord in a broom clean condition and otherwise in the same condition that existed immediately following the installation of Premises were in on the Tenant Improvements in the Premises, Commencement Date except for: (i) ordinary wear and teartear that is consistent with the Tenant’s Use; (ii) damage by the elements, fire, and other casualty, unless Tenant would be required to repair such damage under Section 6.3 or Section 6.4 hereincondemnation; (iii) condemnation; the terms and conditions of Section 13 below and (iv) permitted Improvements, unless Landlord requires their removal under Section 6.1 herein. On surrender, Tenant shall any Alterations made by ▇▇▇▇▇▇; and (b) remove from the Premises its Tenant’s personal property, equipment, and trade fixtures, any Improvements required to be removed under Section 6.1 herein, and, at Landlord’s request given to Tenant at least ninety (90) days prior to the scheduled Termination Date (unless the termination is due to Tenant’s default, in which case Tenant will remove such cabling and wiring upon Landlord’s request without notice, or reimburse Landlord for the cost of such removal if Landlord removes the same), Tenant shall remove any communications or computer cabling repair and wiring placed in the Premises or other parts of the Building (including, without limitation, the Data Center) by Tenant, and Tenant shall repair restore any damage to the Premises or the Building (or reimburse Landlord for the cost of the same) caused by resulting therefrom. At Landlord’s option, any such removal of such personal property, trade fixtures, Improvements or cabling and wiring, required in this Section 6.7. Any items not so removed by Tenant as required above shall be considered abandoned unless the parties agree otherwise and shall automatically become Landlord’s property, and in writingsuch event this Lease shall constitute a bill of sale for such items. Alternatively, if Tenant fails to perform any of its obligations under this Section 7.4, then: (i) Landlord may dispose of abandoned items elect to perform the same, at Tenant’s sole cost and expense, which costs and expenses shall be paid by Tenant to Landlord on demand as Landlord chooses Additional Rent, and ▇▇▇▇ if Tenant for fails to pay the cost of their removal and disposal, minus any revenues received expenses incurred by Landlord for their disposalin connection therewith within five (5) days after demand therefor, interest shall accrue on such expenses at the Default Rate until paid, and (ii) Tenant shall indemnify, defend and hold Landlord harmless from any costs, fees, expenses, damages, suits, claims or awards incurred or suffered by Landlord as result therefrom. Tenant’s obligations under this Section 7.4 shall survive the expiration or earlier termination of this Lease.

Appears in 1 contract

Sources: Lease Agreement