Demolition and Removal of Improvements. In the event the Government does not exercise its right to retain the Improvements, then within one hundred eighty (180) days after the Expiration Date or termination date of this Lease (the “Removal Period”), Lessee shall demolish and/or remove, any and all the improvements placed, constructed or installed on the Leased Premises by or for the benefit of Lessee and any and all improvements placed, constructed or installed on the Installation (outside the Leased Premises) by Lessee or for the benefit of Lessee and Lessee shall restore the Leased Premises and the Access Area(s) to a condition substantially similar to the condition they existed in on the Lease Effective Date as evidenced by the “Initial Physical Condition Report” attached hereto and incorporated herein as Exhibit G and the Environmental Documents, reasonable wear and tear excepted. Notwithstanding the foregoing or anything to the contrary in this Lease, the Government may, in its sole discretion, require Lessee to remove all improvements from the Leased Premises, whether or not existing as of the Effective Date, and restore the Leased Premises to the condition that existed before the construction of improvements on the Leased Premises, whether such construction was performed by Lessee or a predecessor of Lessee in the operation of school(s) on the Leased Premises. If the Lessee shall fail comply with the requirements of this section, then, at the option of the Government, the Improvements shall either become the property of the United States without compensation or cost to the Government, or the Government may cause it to be removed and the Leased Premises and Access Area(s) to be so restored at the expense of the Lessee, and no claim for damages against the United States or its officers, employees, or agents shall be created by or made on account of such removal and restoration work. Lessee’s surrender of the Improvements shall not be deemed to be a payment of rent in lieu of any Rent due under this Lease.
Appears in 2 contracts
Samples: Ground Lease Agreement, Ground Lease Agreement
Demolition and Removal of Improvements. In the event the Government Landlord does not exercise its right to retain the Improvements, then within one hundred eighty (180) days after the Expiration Date or termination date of this Lease (the “Removal Period”), Lessee Tenant shall demolish and/or remove, any and all the improvements placed, constructed or installed on the Leased Premises by or for the benefit of Lessee Tenant and any and all improvements placed, constructed or installed on the Installation (outside the Leased Premises) by Lessee Tenant or for the benefit of Lessee Tenant and Lessee Tenant shall restore the Leased Premises and the Access Area(s) to a condition substantially similar to the condition they existed in on the Lease Effective Date as evidenced by the “Initial Physical Condition Report” attached hereto and incorporated herein as Exhibit G and the Environmental Documents, Date; reasonable wear and tear excepted. Notwithstanding the foregoing or anything to the contrary in this Lease, the Government Landlord may, in its sole discretion, require Lessee Tenant to remove all improvements from the Leased Premises, whether or not existing as of the Effective Date, and restore the Leased Premises to the condition that existed before the construction of improvements on the Leased Premises, whether such construction was performed by Lessee Tenant or a predecessor of Lessee Tenant in the operation of school(s) on the Leased Premises. If the Lessee Tenant shall fail comply with the requirements of this section, then, at the option of the GovernmentLandlord, the Improvements shall either become the property of the United States Landlord without compensation or cost to the GovernmentLandlord, or the Government Landlord may cause it to be removed and the Leased Premises and Access Area(s) to be so restored at the expense of the LesseeTenant, and no claim for damages against the United States Landlord or its officers, employees, or agents shall be created by or made on account of such removal and restoration work. LesseeTenant’s surrender of the Improvements shall not be deemed to be a payment of rent in lieu of any Rent due under this Lease.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
Demolition and Removal of Improvements. In the event the Government does not exercise its right to retain the Improvements, then within one hundred eighty (180) days after the Expiration Date or termination date of this Lease (the “Removal Period”), Lessee shall demolish and/or remove, any and all the improvements placed, constructed or installed on the Leased Premises by or for the benefit of Lessee and any and all improvements placed, constructed or installed on the Installation (outside the Leased Premises) by Lessee or for the benefit of Lessee and Lessee shall restore the Leased Premises and the Access Area(s) to a condition substantially similar to the condition they existed in on the Lease Effective Date as evidenced by the “Initial Physical Condition Report” attached hereto and incorporated herein as Exhibit G and the Environmental Documents, reasonable wear and tear excepted. Notwithstanding the foregoing or anything to the contrary in this Lease, the Government may, in its sole discretion, require Lessee to remove all improvements from the Leased Premises, whether or not existing as of the Effective Date, and restore the Leased Premises to the condition that existed before the construction of improvements on the Leased Premises, whether such construction was performed by Lessee Xxxxxx or a predecessor of Lessee in the operation of school(s) on the Leased Premises. If the Lessee shall fail comply with the requirements of this section, then, at the option of the Government, the Improvements shall either become the property of the United States without compensation or cost to the Government, or the Government may cause it to be removed and the Leased Premises and Access Area(s) to be so restored at the expense of the Lessee, and no claim for damages against the United States or its officers, employees, or agents shall be created by or made on account of such removal and restoration work. LesseeXxxxxx’s surrender of the Improvements shall not be deemed to be a payment of rent in lieu of any Rent due under this Lease.
Appears in 1 contract
Samples: Ground Lease Agreement