FF&E Upon Termination Sample Clauses

FF&E Upon Termination. (a) Landlord shall have the option, to be exercised by sending Notice to Tenant on or before the date that is either (i) six (6) months prior to the date of expiration of the Term of this Lease or (ii) the date of termination of the Term of this Lease, if this Lease terminates prior to the expiration of the Term, to purchase from Tenant upon the date of termination of this Lease any or all of the items of FF&E, Furnishings, Fixed Asset Supplies, Operating Equipment and Inventories then located at the Premises and owned by Tenant at their then fair market value. If the parties are unable to agree upon such fair market value within thirty (30) days following such expiration or termination, the parties shall appoint an independent appraiser mutually agreeable to them to determine such fair market value, which determination shall be net of the cost to Tenant to remove such items from the Premises, and which shall be binding on the parties. The costs of such appraiser shall be shared equally by the parties. If Landlord exercises its option to purchase, Landlord shall have the right to use, after the date of expiration or termination of this Lease, the items of FF&E, Furnishings, Fixed Asset Supplies, Operating Equipment and Inventories so elected to be purchased by Landlord and Landlord shall pay such fair market value to Tenant within thirty (30) days after agreement by the parties or determination by the appraiser; and this provision shall survive such expiration or termination. Landlord shall not have the option of purchasing from Tenant any computer software that is proprietary to Tenant, any Affiliate, or the licensor of any of them (including without limitation applications used by Tenant as part of Tenant's accounting, centralized or local sales, business management systems and otherwise), or any leased equipment. The option granted to Landlord under this Section 10.3 shall be in addition to, and shall not prevent, delay or otherwise restrict Landlord from exercising, any and all rights and remedies as against Tenant in the event of a default under this Lease, including without limitation, foreclosure of its security interest described in Section 10.4.
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Related to FF&E Upon Termination

  • Payment Upon Termination Termination of this Agreement shall not affect the right of the Adviser to receive payment on any unpaid balance of the compensation described in Section 2 earned prior to such termination.

  • Upon Termination Except as otherwise stated in Section 6, in the event Executive leaves the employ of the Company for any reason prior to the date the Annual Bonus is paid, Executive is not eligible to earn such Annual Bonus, prorated or otherwise.

  • Payments Upon Termination (a) In the event the Employee’s employment is terminated pursuant to Section 4.1, Section 4.2, Section 4.4 or Section 4.6, the Company shall pay to the Employee the compensation and benefits otherwise payable to him or her under Sections 3.1 and 3.4 through the last day of his or her actual employment by the Company.

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Procedure Upon Termination In the event of termination by Buyer or Seller, as applicable, pursuant to Section 6.1 hereof, written notice thereof shall forthwith be given to the other party and the transactions contemplated by this Agreement shall be terminated without further action by Buyer or Seller. If the transactions contemplated by this Agreement are so terminated:

  • Delivery upon Termination Upon termination of Manager's employment with the Company for any reason, Manager shall promptly deliver to the Company all correspondence, files, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents, and any other documents or data concerning the Company's or any affiliate’s customers, database, business plan, marketing strategies, processes or other materials which contain Confidential Information, together with all other property of the Company or any affiliate in Manager's possession, custody or control. ARTICLE SIX

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Surrender Upon Termination The Executive agrees that in the event of the termination of the Executive's employment for any reason, whether before or after the Term, the Executive will immediately deliver to the Company all property belonging to the Company, including documents and materials of any nature pertaining to the Executive's work with the Company, and will not take with the Executive any documents or materials of any description, or any reproduction thereof of any description, containing or pertaining to any Confidential Information. It is understood that the Executive is free to use information that is in the public domain, but not as a result of a breach of this Agreement.

  • Actions Upon Termination Upon the termination of this Agreement, Issuer shall remove all references to any ODB Name, Branding and Content from the Issuer Site or Issuer Content and terminate all links on the Issuer Site to any ODB Site. ODB shall remove all references to Issuer Name, Branding and Content and terminate all links on the ODB Site to any Issuer Site. Each Party shall promptly return all Confidential Information, documents, manuals and other materials stored in any form or media (including but not limited to electronic copies) belonging to the other Party, except as may be otherwise provided in this Agreement or required by Law.

  • Events Upon Termination Upon the expiration or termination of this Agreement for any reason, both parties shall immediately remove all links to the other party's Content and website(s) and cease all use of the other party's Marks and any and all use of any kind whatsoever of the other party's Content.

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