Common use of Condition on Surrender Clause in Contracts

Condition on Surrender. On the expiration or earlier termination of this Lease, or on the exercise by Landlord of Landlord’s right to re-enter the Premises without terminating this Lease, Tenant shall surrender the Premises in the same condition as received or as subsequently improved by Landlord or Tenant, except for (i) ordinary wear and tear, (ii) damage by fire, earthquake, acts of God or the elements and (iii) repairs that are Landlord’s responsibility hereunder, and shall deliver to Landlord all keys for the Premises and combinations to safes located in the Premises. Tenant shall, at Landlord’s option, remove or cause to be removed from the Premises or the Building, at Tenant’s expense and as of the expiration or termination of this Lease, all signs, notices, displays, or, subject to Section 7.06(d) of this Lease, any non-Building standard tenant improvements placed in the Premises or the Building that Landlord requested that Tenant remove at the time Landlord consented to such Alteration. Tenant shall repair, at Tenant’s expense, any damage to the Premises or the Building resulting from the removal of any item, including without limitation, repairing the floor and patching and painting the walls where reasonably required by Landlord. Tenant’s obligations under this Section 7.05 shall survive the expiration or earlier termination of this Lease. If Tenant fails to remove any item of property permitted or required to be removed at the expiration or earlier termination of the Term, Landlord may, at Landlord’s option, (a) remove that property from the Premises or Building at Tenant’s expense and sell or dispose of it in a manner that Landlord considers advisable, or (b) place that property in storage at Tenant’s expense. Any property of Tenant remaining in the Premises ten (10) days after the expiration or termination of this Lease will be deemed to have been abandoned by Tenant.

Appears in 2 contracts

Samples: Lease Agreement (Peloton Therapeutics, Inc.), Lease Agreement (Peloton Therapeutics, Inc.)

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Condition on Surrender. On the expiration or earlier termination of this Lease, or on the exercise by Landlord of Landlord’s 's right to re-enter the Premises without terminating this Lease, . Tenant shall surrender the Premises in the same condition as received or as subsequently improved by Landlord or Tenant, except for (i) ordinary wear and tear, and (ii) damage by fire, earthquake, acts of God or the elements and (iii) repairs that are Landlord’s responsibility hereunderfor which damage Landlord has received all insurance proceeds, and shall deliver to Landlord all keys for the Premises and combinations to safes located in the Premises. Tenant shall, at Landlord’s 's option, remove remove, or cause to be removed removed, from the Premises or the Building, at Tenant’s 's expense (if at Landlord's request, Tenant's obligation shall be limited to a maximum of $5,000) and as of the expiration or termination of this Lease, all ail signs, . notices, displays, millwork. nonmovable trade fixtures. or, subject to Section 7.06(dSubsection 6.5(d) of this Lease, any non-Building standard tenant improvements placed in the Premises or the Building that Landlord requested that Tenant remove at the time Landlord consented to such AlterationBuilding. Tenant shall repair, at Tenant’s 's expense, any damage to the Premises or the Building resulting from the removal of any item, including without limitation, repairing the floor and patching and painting the walls where reasonably required by Landlord. Tenant’s 's obligations under this Section 7.05 6.4 shall survive the expiration or earlier termination of this Lease. If Tenant fails to remove any item of property permitted or required to be removed at the expiration or earlier termination of the Term, . Landlord may, . at Landlord’s 's option, (a) remove that property from the Premises or Building at Tenant’s 's expense and sell or dispose of it It in a manner that Landlord considers advisable, or (b) place that property in storage at Tenant’s 's expense. Any property of Tenant remaining in the Premises premises ten (10) days after the expiration or termination of this Lease will be deemed to have been abandoned by Tenant.

Appears in 1 contract

Samples: Office Lease Agreement (Bionumerik Pharmaceuticals Inc)

Condition on Surrender. On At the expiration or earlier termination of this LeaseAgreement, or on Concessionaire shall quit and surrender up the exercise by Landlord of Landlord’s right Assigned Premises to re-enter the Premises without terminating this LeaseBoard, Tenant shall surrender the Premises peaceably, quietly and broom clean and in the same condition as received when tendered by the Board, or as subsequently hereinafter improved by Landlord Concessionaire, reasonable wear and tear and insured casualty excepted. All Trade Fixtures and Personal Property installed in the Assigned Premises by Concessionaire shall be removed by Concessionaire, provided that Concessionaire is not in default hereunder, and further provided that the same can be removed without material damage to the Assigned Premises or Tenantthe Airport. Any damage to the Airport or the Fixed Improvements caused by the removal of such Personal Property and/or Trade Fixtures shall be repaired promptly by Concessionaire at Concessionaire's sole cost and expense. At the sole option of the Board, except all Fixed Improvements shall, without compensation to the Concessionaire, become the property of the Board, free and clear of all claims to or against them by Concessionaire or any third person, upon surrender of the Assigned Premises by the Concessionaire for whatever reason. Should the Board elect not to take ownership of any Fixed Improvements, prior to the date of surrender Concessionaire shall be solely responsible for the expense of the removal of said Fixed Improvements and restoring the Assigned Premises to the same condition as when originally tendered by the Board. In the event that Concessionaire shall fail to remove its Personal Property and/or Trade Fixtures on or before the termination (whether by expiration of the Lease Term, cancellation, forfeiture, or otherwise, whichever first occurs) of this Agreement, at the sole option of the Board, (i) ordinary wear said Personal Property and tear, Trade Fixtures may be stored at a public warehouse or elsewhere at Concessionaire’s sole cost and expense; or (ii) damage by fire, earthquake, acts of God or the elements title to such Trade Fixtures and (iii) repairs that are Landlord’s responsibility hereunder, and Personal Property shall deliver to Landlord all keys for the Premises and combinations to safes located vest in the Premises. Tenant shallBoard, free and clear of all claims to or against them by Concessionaire or any third person, at Landlord’s option, remove or cause no cost to the Board. In such event the Board shall not be removed from the Premises or the Building, at Tenant’s expense and as of the expiration or termination of this Lease, all signs, notices, displays, or, subject to Section 7.06(d) of this Lease, responsible for any non-Building standard tenant improvements placed in the Premises or the Building that Landlord requested that Tenant remove at the time Landlord consented losses related to such Alteration. Tenant shall repair, at Tenant’s expense, any damage to Personal Property or Trade Fixtures and the Premises or the Building resulting from the removal of any item, including without limitation, repairing the floor and patching and painting the walls where reasonably required by Landlord. Tenant’s obligations under this Section 7.05 shall survive the expiration or earlier termination of this Lease. If Tenant fails to remove any item of property permitted or required to be removed at the expiration or earlier termination of the Term, Landlord may, at Landlord’s option, (a) remove that property from the Premises or Building at Tenant’s expense and Board may sell or otherwise dispose of it in a manner that Landlord considers advisable, or (b) place that property in storage at Tenant’s expense. Any property of Tenant remaining in the Premises ten (10) days after the expiration or termination of this Lease will be deemed to have been abandoned by Tenantsuch items.

Appears in 1 contract

Samples: Concession Agreement

Condition on Surrender. On the expiration or earlier termination of this Lease, or on the exercise by Landlord of Landlord’s 's right to re-enter the Premises without terminating this Lease, Tenant shall surrender the Premises in the same condition as received or as subsequently improved by Landlord or Tenant, except for (i) ordinary wear and tear, and (ii) damage by fire, earthquake, acts of God or the elements and (iii) repairs that are Landlord’s responsibility hereunderfor which damage Landlord has received all insurance proceeds, and shall deliver to Landlord all keys for the Premises and combinations to safes located in the Premises. Tenant shall, at Landlord’s 's option, remove remove, or cause to be removed removed, from the Premises or the Building, at Tenant’s 's expense and as of the expiration or termination of this Lease, all signs, notices, displays, millwork, nonmovable trade fixtures, or, subject to Section 7.06(dSubsection 6.5(d) of this Lease, any non-Building standard Initial Initial tenant improvements placed in the Premises or the Building that Landlord requested that Tenant remove at the time Landlord consented to such AlterationBuilding. Tenant shall repair, at Tenant’s 's expense, any damage to the Premises or the Building resulting from the removal of any item, including without limitation, repairing the floor and patching and painting the walls where reasonably required by Landlord. Tenant’s , however, has no obligation to remove any improvements in place in the Premises at the Commencement Date of this Lease. Tenant's obligations under this Section 7.05 6.4 shall survive the expiration or earlier termination of this Lease. If Tenant fails to remove any item of property permitted or required to be removed at the expiration or earlier termination of the Term, Landlord may, at Landlord’s 's option, (a) remove that property from the Premises or Building at Tenant’s 's expense and sell or dispose of it in a manner that Landlord considers advisable, or (b) place that property in storage at Tenant’s 's expense. Any property of Tenant remaining in the Premises ten (10) days after the expiration or termination of this Lease will be deemed to have been abandoned by Tenant.

Appears in 1 contract

Samples: Office Lease Agreement (Worldport Communications Inc)

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Condition on Surrender. On Tenant shall, at the expiration or earlier termination of this Lease, or on the exercise by Landlord of Landlord’s right to re-enter the Premises without terminating this Lease, Tenant shall surrender the Premises to Landlord in the same as good condition and repair as received or as subsequently improved reasonable and proper use thereof will permit, loss by Landlord or Tenant, except for (i) ordinary wear and tear, (ii) damage by fire, earthquake, acts fire and other casualty required to be insured pursuant to this Lease excepted and in the state of God or the elements and (iii) repairs that are Landlord’s responsibility hereunderbroom cleanliness, and shall deliver to Landlord all surrender keys for the Premises to the Landlord at the place then fixed for payment of the rent. All non- structural alterations, installations, additions and combinations to safes located in the Premises. Tenant shallimprovements made and installed by Tenant, at Landlord’s option, remove or cause to be removed from the Premises or the Building, at Tenant’s expense and as of the expiration 's expense, upon or termination of this Lease, all signs, notices, displays, or, subject to Section 7.06(d) of this Lease, any non-Building standard tenant improvements placed in the Premises or the Building that Landlord requested that Tenant remove shall be removed at the time Landlord consented to such Alteration. end of the term of the Lease at Tenants sole cost and expense and the Premises restored by Tenant and any damages created thereby shall repairbe repaired, all at Tenant’s 's sole cost and expense. Where furnished by or at the expense of Tenant all movable furniture, any damage to the Premises or the Building resulting from the removal of any itemfurnishings and trade fixtures, including without limitation, repairing murals, business machines and equipment, counters, screens, grille work, special paneled doors, cages, partitions, metal railings, closets, paneling, lighting fixtures and equipment, drinking fountains, refrigerators, and any other movable property shall remain the floor and patching and painting the walls where reasonably required by Landlord. Tenant’s obligations under this Section 7.05 property of Tenant which Tenant shall survive be obligated to remove at any time prior to the expiration or earlier sooner termination of the term of this Lease, and without limiting Tenant's other obligations, Tenant shall repair all damage occasioned by such removal, at Tenant's sole cost and expense. If All such property which is not so removed by Tenant fails to remove any item of shall, without limiting Landlord's other rights and remedies, either be retained by Landlord as Landlord's property permitted or required to may be removed at from the expiration or earlier termination Premises, and disposed of the Term, Landlord mayby Landlord, at Landlord’s option, (a) remove that property from the Premises or Building at Tenant’s expense 's sole cost and sell or dispose of it in a manner that Landlord considers advisable, or (b) place that property in storage at Tenant’s expense. Any property of Tenant remaining in the Premises ten (10) days after the expiration or termination of this Lease will be deemed to have been abandoned by Tenant.

Appears in 1 contract

Samples: Lease (Aerobic Creations, Inc.)

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