Upon termination of the Lease Clause Examples

The "Upon termination of the Lease" clause outlines the obligations and procedures that both the landlord and tenant must follow when the lease agreement comes to an end. Typically, this clause specifies requirements such as the tenant vacating the premises, returning keys, and restoring the property to its original condition, as well as the timeline for these actions. Its core practical function is to ensure a smooth and orderly transition at the end of the lease, minimizing disputes and clarifying each party's responsibilities.
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Upon termination of the Lease. Tenant shall surrender the Premises and shall remove all of Tenant’s furniture, trade fixtures, business office machines and equipment and any other personal property and shall leave the Premises in as good condition and repair as the same existed on the Start Date, reasonable use and wear and loss or damage by fire or other casualty excepted. All fixtures, alterations and improvements, including, without limitation, portions of the heating, air conditioning, plumbing, electrical and mechanical systems and equipment, all wall and floor coverings and theater seating and all lighting fixtures and systems may not be removed by Tenant and shall remain in the Premises and belong to Library. The acceptance of keys to the Premises by any employee or agent of Library shall not operate as a termination of this Lease or a release of Tenant or any of Tenant’s obligations under this Lease. If Tenant leaves any of the property it is required to remove under this Section in the Premises, then Library may either (i) remove the property, at Tenant’s cost or (ii) treat the property as abandoned and such property shall belong absolutely to Library with no further action or payment on Library’s part.
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Upon termination of the Lease. Landlord will withhold from the Security Deposit any unpaid obligations of Tenant to Landlord under the Lease Agreement, including utilities, and refund to Tenant the balance of the Security Deposit within sixty (60) days, subject to the conditions provided above. Provided the Security Deposit is not sufficient to cover it, Landlord will also withhold the Stockholders Guaranty until any further unpaid and undisputed obligations of Tenant to Landlord under the Lease Agreement or other lease agreements signed among the parties, including utilities, are duly paid. If after thirty (30) days of giving notice to Tenant of any outstanding and undisputed obligations these are not paid, Landlord shall execute the Stockholders Guaranty for the amount owed. In any case
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Upon termination of the Lease. Lessee shall be entitled to remove all of its personal property and trade fixtures (including, but not limited to, the four unit Task U.S.A., Inc. air handling system installed by Lessee consisting of two TSCO43-OD blower units, one TSEO53FJ heating/cooling/humidity control unit and one SRCF48-UO3D condensing unit), provided that it restores the Premises to its condition at the Commencement Date (as defined below), reasonable wear and tear and subsequent alterations approved by Lessor excepted. In no event shall Lessee be required to paint, paper or resurface any wall, floor, ceiling or other finishes.
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Upon termination of the Lease pursuant to this paragraph, Tenant shall surrender and vacate the Premises to Landlord as provided for in the Lease. All obligations of Tenant, unless expressly stated herein, shall cease to exist as of the date of surrender.
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Upon termination of the Lease as provided in Paragraph 1 of this Termination Agreement, Landlord and Tenant, each on behalf of itself and its successors and assigns, does, by execution of this Termination Agreement, forever release and discharge the other party (and such other party's respective successors and assigns, as well as such other party's agents, servants, employees, trustees, beneficiaries, shareholders, officers, directors and liabilities) from any and all further obligations or duties under the Lease. Each party does hereby waive, effective as of the termination of the Lease, any and all claims, causes of action and liabilities which such party may now have or hereafter assert against the other party, as well as such other party's agents, servants, employees, trustees, beneficiaries, shareholders, officers, directors, attorneys, successors and assigns, arising under, based upon or associated with, directly or indirectly, the Lease, whether known or unknown, asserted or unasserted, equitable or at law, arising under or pursuant to common or statutory law, rules or regulations, including, but not limited to, state and/or federal law. Landlord's release of the Tenant as set forth in this Paragraph 3 shall include a release of the Surviving Corporation.
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Upon termination of the Lease all of the tenant improvements shall remain in the premises unless Landlord shall consent in writing to the removal thereof by Tenant.
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Upon termination of the Lease. Tenant shall be entitled ----------- to the return, upon its request and at its expense, of the Collateral, less such portion thereof as shall have been previously foreclosed upon or otherwise been applied pursuant to the terms hereof, in accordance with the Lease and/or any other agreement between Lender, Tenant and Landlord. Landlord and Approved Custodian shall execute any and all appropriate documents necessary to re-register the excess Collateral in the name of Tenant free of any claim by Landlord or Approved Custodian.
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Upon termination of the Lease this Agreement, the Lessee shall i. Within fifteen (15) days pay to the NRDA any outstanding payment as set out in this Agreement prior to termination of this Agreement. It is clarified that the termination of this Agreement shall in no way prejudice or affect the rights of NRDA to recover from the Lessee, cost and expenses to rectify/restore, any damage which may have been caused to the Project Land/physical structures appurtenant thereto or any part thereof made by the Lessee, pursuant to this Agreement. ii. Inform all related Persons or Government Authorities that it is no longer associated with the Project and handover all the requisite Approvals, Applicable Permits and other documents to the NRDA. iii. Do all such things as may be required by the NRDA for transfer or handover the Project Land/Project.
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Related to Upon termination of the Lease

  • Termination of the Lease The parties agree that the Management Agreement and the rights and benefits of Manager thereunder shall not be terminated or disturbed in any respect except in accordance with the terms of the Management Agreement, and not as a result of any termination of the Lease. Accordingly, if the Lease is terminated for any reason, including, without limitation, expiration of the term thereof or the "rejection" thereof following Bankruptcy (a) shall recognize Manager's rights under the Management Agreement, (b) agrees that Manager shall not be named as a party in any eviction or other possessory action or proceeding, and that Manager shall not be disturbed in its right to manage the Inn pursuant to the Management Agreement, and (c) shall at the time of or prior to such Lease Termination either (i) elect not to take either of the actions described in clause (c)(ii) below, in which case all of "Lessee's" rights, benefits, privileges and obligations under the Management Agreement with respect to periods after the Lease Termination shall be assumed directly by Lessor, or (ii) cause an "Approved Lessee" (as defined below) to (x) succeed to and assume Lessee's rights and obligations under the Lease, the Management Agreement, and this Agreement, or (y) enter into a new lease with Lessor in substantially the same form as the Lease, and assume the rights and obligations of the Lessee under the Management Agreement and this Agreement, the intent being that the relationship between any successor Lessee, Lessor and Manager be under the same terms and conditions as the relationship between Lessee, Lessor and Manager hereunder and under the Management Agreement and the Lease. Any successor to Lessee under clause (c)(ii) above shall be subject to Manager's prior written approval, which approval shall not be withheld or delayed if such successor to Lessee is (i) a direct or indirect wholly-owned subsidiary of Lessor, (ii) a person or entity to whom a Sale of the Inn is permitted under Section 10.02.A. of the Management Agreement, or (iii) a person or entity who otherwise is approved by Manager in its sole discretion (an "Approved Lessee").

  • Upon Termination In the event this Agreement is terminated by the OAG, the Provider will deliver documentation of ownership or title, if appropriate for all supplies, equipment and personal property purchased with grant funds to the OAG, within 30 days after termination of this Agreement. Any finished or unfinished documents, data, correspondence, reports and other products prepared by or for the Provider under this Agreement will be made available to and for the exclusive use of the OAG.

  • Survival Upon Termination If this Agreement is terminated pursuant to this Article 11, such termination will be without any further liability or obligation of any party hereto, except as provided in Section 6.4, Section 7.3, Section 7.7, Article 10, Section 11.5 and Section 11.6.

  • On Termination In the event this Agreement is terminated for any reason prior to the expiration of its original term or any renewal term, Owner shall indemnify, protect, defend, save and hold Manager and all of the other Indemnified Parties harmless from and against any and all claims, causes of action, demands, suits, proceedings, loss, judgments, damage, awards, liens, fines, costs, attorney's fees and expenses, of every kind and nature whatsoever (collectively, "Losses"), that may be imposed on or incurred by Manager by reason of the willful misconduct, gross negligence and/or unlawful acts (such unlawfulness having been adjudicated by a court of proper jurisdiction) of Owner.

  • Lease Termination Notwithstanding any other provisions in this Lease, this Lease will terminate and the Tenant must immediately vacate the Leased Premises upon: (i) The date on which the Tenant is no longer enrolled as a student in a course of full-time study at the University of Toronto Mississauga, provided that the Tenant shall be deemed to be enrolled as a student in a course of full-time study to the last day of the summer recess immediately following the completion by the Tenant of a scholastic year of full-time study. (ii) The Landlord and the Tenant agree that, once the Tenant ceases to be enrolled as a student in a course of full-time study at the University of Toronto Mississauga, the Tenant’s continued occupation of the Leased Premises constitutes a substantial interference with the Landlord’s lawful rights, privileges, and interests, and this is grounds for the Landlord to terminate the Lease. (iii) The provisions of this subparagraph 7(k) are strictly for the benefit of the Landlord. The Landlord may, in its sole discretion, elect to waive any or all provision(s) of this subparagraph 7(k) and require the Tenant to remain in occupation of the Leased Premises to the end of the term of the Lease. Alternatively, if the Landlord (at its sole discretion) elects to waive any or all provision(s) of this subparagraph 7(k), the Landlord and the Tenant may mutually agree to change the term of the Lease to require or allow the Tenant to remain in occupation of the Leased Premises until a mutually agreed upon date prior to the end of the term of the Lease. (iv) If either party has given notice to terminate this Lease pursuant to any provision herein, the Leased Premises may be shown to prospective Tenants between the hours of 8:00 am and 8:00 pm by the Landlord. Should the Tenant effectively deny the Landlord reasonable viewing rights. (v) In the event that the Tenant is obliged to vacate the Leased Premises on or before a certain date, and the Landlord enters into a tenancy agreement with a third party to lease the Premises herein described for any period thereafter, and the Tenant fails to vacate the Leased Premises on or before the due date, thereby causing the Landlord to be liable to such third party, then the Tenant will indemnify the Landlord for all losses suffered thereby, including, without limiting the generality of the foregoing, all legal costs incurred by the Landlord, such legal costs to be computed on a full indemnity basis.