Common use of ABANDONMENT OF XXXXXX’S PROPERTY Clause in Contracts

ABANDONMENT OF XXXXXX’S PROPERTY. Any Personal Property remaining in the Leased Premises after the termination of this Lease or any Personal Property within the Leased Premises shall be deemed to have been abandoned by Xxxxxx and may either be retained by Lessor, without any further claim or interest on the part of Lessee, or sold in the manner provided in herein or as otherwise permitted by applicable law. If the Personal Property is sold pursuant to any provision of this Lease, then Lessor shall receive and retain the proceeds of such sale, which shall be applied against the expenses of re-entry and sale, the cost of moving and storage, any arrears in Rent and any damages which Lessor may be entitled to under this Lease or at law or in equity. Notwithstanding the foregoing, Personal Property of nominal value may be disposed of by Lessor without sale.