Common use of Disposition of Tenant’s Property Clause in Contracts

Disposition of Tenant’s Property. In the event of any such termination, entry or re-entry, Landlord shall have the rights to remove and store Tenant’s property and that of persons claiming by, through or under Tenant at the sole risk and expense of Tenant and, if Landlord so elects, (x) to sell such property at public auction or private sale and apply the net proceeds to the payment of all sums due to Landlord from Tenant and pay the balance, if any, to Tenant, or (y) to dispose of such property in any manner in which Landlord shall elect, Tenant hereby agreeing to the fullest extent permitted by law that it shall have no right, title or interest in any property remaining in the Premises after such termination, entry or re-entry.

Appears in 4 contracts

Samples: Lease Agreement (Centessa Pharmaceuticals PLC), Lease Agreement (CRISPR Therapeutics AG), Lease Agreement (Pegasystems Inc)

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Disposition of Tenant’s Property. In the event of any such termination, entry or re-entry, Landlord shall have the rights to remove and store Tenant’s property and that of persons claiming by, through or under Tenant at the sole risk and expense of Tenant and, if Landlord so elects, (x) to sell such property at public auction or private sale and apply the net proceeds to the payment of all sums due to Landlord from Tenant and pay the balance, if any, to Tenant, or (y) to dispose of such property in any manner in which Landlord shall elect, Tenant hereby agreeing to the fullest extent permitted by law Law that it shall have no right, title or interest in any property remaining in the Premises after such termination, entry or re-entry.

Appears in 2 contracts

Samples: Office Lease (Karuna Therapeutics, Inc.), Office Lease (Juniper Pharmaceuticals Inc)

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Disposition of Tenant’s Property. In the event of any such termination, entry or re-entry, Landlord shall have the rights to remove and store Tenant’s property remaining in the Premises after such termination, and that of persons claiming by, through or under Tenant at the sole risk and expense of Tenant and, if Landlord so elects, (x) to sell such property at public auction or private sale and apply the net proceeds to the payment of all sums due to Landlord from Tenant and pay the balance, if any, to Tenant, or (y) to dispose of such property in any manner in which Landlord shall elect, Tenant hereby agreeing to the fullest extent permitted by law Law that it shall have no right, title or interest in any property remaining in the Premises after such termination, entry or re-entry.

Appears in 1 contract

Samples: Sublease (Karuna Therapeutics, Inc.)

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