Examples of Leased FF&E in a sentence
Tenant shall maintain an inventory of Tenant’s Tangible Personal Property and the Leased FF&E and shall provide Landlord a report of such inventory, in such form as Landlord may reasonably require, within 30 days after the end of each Lease Year, or more often upon Landlord’s reasonable request.
Any furnishings, supplies, equipment or other tangible personal property that is not Leased FF&E or Landlord’s Other Excluded Assets and that can be removed without damage to or impairment of the Buildings (“Tenant’s Tangible Personal Property”) shall remain the property of Tenant and shall not be Leased Property.
Any movable or detachable additional FF&E (but not Leased FF&E) purchased by Tenant as part of the Tenant Improvement Commitments shall be owned by the Tenant and removable by the Tenant upon expiration or termination of the Lease.
All Landlord Replacement Property shall become part of the Leased FF&E and the property of Landlord.
Any Leased FF&E removed in accordance with this Section VIII.I shall be disposed of in a manner approved by Landlord, in its reasonable discretion, and the net proceeds therefrom, if any, shall be paid to Landlord promptly upon receipt.
Tenant may remove Leased FF&E that has become inadequate, obsolete, worn out, unsuitable or unnecessary for the operation of the Hospital Facility from the Premises or permit its removal, if (1) such Leased FF&E has been replaced with Replacement Property having equal or greater utility in the operation of the Hospital Facility or (2) Tenant reasonably determines that replacement of such Leased FF&E is not necessary or otherwise beneficial to the operation of the Hospital Facility.
This Lease and the following exhibits and attachments constitute the entire agreement between the parties and supersede all prior agreements and understandings related to the Premises, including all lease proposals, letters of intent and other documents: Exhibit A (Outline and Location of Premises), Exhibit A-1 (Legal Description), Exhibit B (Schedule of Exclusions from Leased FF&E), Exhibit C (Landlord Improvement Commitments) and Exhibit D (Tenant’s Insurance: Landlord’s Current Insurance Coverage).
The leasing of such Leased FF&E shall be deemed included in the rent otherwise payable hereunder by Subtenant, and Subtenant shall not be obligated to pay any base rental, additional rent, or other charge or fee in connection with the use or leasing of such Leased FF&E.
During that portion of the term of this Sublease occurring prior to the third anniversary of the Delivery Date, by giving written notice to Sublandlord, Subtenant may purchase all or any portion of the Leased FF&E (other than chairs, desks, conference and other tables, and other furniture) at a purchase price equal to Sublandlord’s then book value therefor.
From and after the third anniversary of the Delivery Date, by giving written notice to Sublandlord, Subtenant may purchase all or any portion of the Leased FF&E (other than chairs, desks, conference and other tables, and other furniture) for an aggregate purchase price of One Dollar ($1.00).