Common use of Disposition Upon Expiration Clause in Contracts

Disposition Upon Expiration. Upon the expiration of this Agreement, Tenant may either: (a) transfer its interests in the Tenant Improvements to a party who, prior to such expiration, has been accepted by City, in its sole discretion, and has entered an agreement for the Premises that is acceptable to City; or (b) Tenant shall surrender the Premises (in accordance with Section 11.B) and, within sixty (60) days after such expiration, shall remove the Tenant Improvements (and the obligations of Section 6.A shall apply to such removal). If Tenant fails to perform either such alternative, City shall have the rights set forth in Section 11.A.i and may exercise them at any time.

Appears in 14 contracts

Samples: Private Hangar Agreement, Private Hangar Agreement, Private Hangar Agreement

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Disposition Upon Expiration. Upon the expiration of this Agreement, Tenant may either: (a) transfer its interests in the Tenant Improvements to a party who, prior to such expiration, has been accepted by City, in its sole discretion, and has entered an agreement for the Premises that is acceptable to City; or (b) Tenant shall surrender the Premises (in accordance with Section 11.B) and, within sixty (60) days after such expiration, shall remove the Tenant Improvements (and the obligations of Section 6.A shall apply to such removal). If Tenant fails or is unable to perform either such alternative, City shall have the rights set forth in Section 11.A.i and may exercise them at any time.

Appears in 2 contracts

Samples: Operating and Lease Agreement, Operating and Lease Agreement

Disposition Upon Expiration. Upon the expiration of this Agreement, Tenant Operator may either: (a) transfer its interests in the Tenant Improvements to a party who, prior to such expiration, has been accepted by City, in its sole and absolute discretion, and has entered an agreement for the Premises that is acceptable to City; or (b) Tenant Operator shall surrender the Premises (in accordance with Section 11.B) and, within sixty thirty (6030) days after such expiration, shall remove the Tenant Improvements (and the obligations of Section 6.A shall apply to such removal). If Tenant Operator fails to perform either such alternative, City shall have the rights set forth in Section 11.A.i and may exercise them at any time.

Appears in 2 contracts

Samples: Saso Operating Agreement, Saso Operating Agreement

Disposition Upon Expiration. Upon the expiration of this Agreement, if Tenant has not qualified for lease renewal pursuant to Section 2.B, Tenant may either: (a) transfer its interests in the Tenant Improvements to a party who, prior to such expiration, has been accepted by City, in its sole discretion, and has entered an agreement for the Premises that is acceptable to City; or (b) Tenant shall surrender the Premises (in accordance with Section 11.B) and, within sixty ninety (6090) days after such expiration, shall remove the Tenant Improvements (and the obligations of Section 6.A shall apply to such removal). If Tenant fails or is unable to perform either such alternative, City shall have the rights set forth in Section 11.A.i and may exercise them at any time.

Appears in 2 contracts

Samples: Operating and Lease Agreement, Private Hangar Lease Agreement

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Disposition Upon Expiration. Upon the expiration of this Agreement, Tenant may either: (a) transfer its interests in the Tenant Improvements to a party who, prior to such expiration, has been accepted by City, in its sole discretion, and has entered an agreement for the Premises that is acceptable to City; or (b) Tenant shall surrender the Premises (in accordance with Section 11.B) and, within sixty (60) days after such expiration, shall remove the Tenant Improvements (and the obligations of Section 6.A shall apply to such removal). If Tenant fails or is unable to perform either such alternative, City shall have the rights set forth in Section 11.A.i and may exercise them at any time.Section

Appears in 1 contract

Samples: Private Hangar Lease Agreement

Disposition Upon Expiration. Upon the expiration of this Agreement, Tenant may either: (a) transfer its interests in the Tenant Improvements to a party who, prior to such expiration, has been accepted by City, in its sole and absolute discretion, and has entered an agreement for the Premises that is acceptable to City; or (b) Tenant shall surrender the Premises (in accordance with Section 11.B) and, within sixty thirty (6030) days after such expiration, shall remove the Tenant Improvements (and the obligations of Section 6.A shall apply to such removal). If Tenant fails to perform either such alternative, City shall have the rights set forth in Section 11.A.i and may exercise them at any time.

Appears in 1 contract

Samples: Operating and Lease Agreement

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