Common use of Expiration of Lease Term Clause in Contracts

Expiration of Lease Term. At the expiration of the Lease Term or upon any earlier termination of the Lease in accordance with its terms, Tenant shall peaceably surrender and deliver to Landlord the Facility Premises, including all Capital Projects and all other improvements to the Facility Premises, in good order and condition, ordinary wear and tear excepted and otherwise in the condition required by this Lease. Notwithstanding the expiration of the Lease Term, Tenant shall have the right to remove from the Facility Premises during a reasonable period of time (not to exceed three (3) months) following the expiration of the Lease Term all personal property of Tenant situated at the Facility Premises, provided Tenant restores any damage to the Facility Premises caused by such removal. Any personal property of Tenant not so removed shall become the property of Landlord, which may dispose of the same in its sole discretion. Further, Tenant shall not have encumbered the Facility Premises with any mortgages, mechanics’ liens, or otherwise, and title to the Facility Premises shall be in the same condition as of the Effective Date, except for recorded instruments contemplated to be recorded against the Facility Premises hereby or agreed to be so recorded in writing by Landlord.