Common use of Lessee’s Property Clause in Contracts

Lessee’s Property. SECTION 1. All Lessee's machinery, equipment, furniture, demountable partitions, and all other property of Lessee installed or located in the Demised Premises from time to time ("Lessee's Property") shall be and remain the property of Lessee. At any time during the term, Lessee may remove any of Lessee's Property from the Demised Premises. Upon the termination of this Lease, Lessee shall remove all Lessee's Property from the Demised Premises. If within thirty (30) days after the termination of this Lease, Lessee has not removed all Lessee's Property from the Demised Premises, and Lessor desires to dispose of such remaining Lessee's Property, Lessor may notify Lessee that the remaining Lessee's Property must be removed whereupon Lessee shall remove the same forthwith, failing which it shall at Lessor's option become property of Lessor or Lessor may remove it at Lessee's expense. Lessor may do so at Lessee's expense. SECTION 2. Lessee's Property and all furnishings, fixtures, equipment, affects and property of those claiming by, through or under Lessee located in the Demised Premises shall be at the sole risk and hazard of Lessee, and if the whole or any part hereof shall be damaged or destroyed by fire, flood, the leakage or bursting of pipes, or by theft or by any other cause, no part of such damage shall be borne by Lessor. SECTION 3. Upon the termination of this Lease, the Lessee will surrender the Demised Premises in good order and condition, ordinary wear and tear excepted. The Lessee will fully repair any damage occasioned by the removal of the Lessee's Property in accordance with the provisions of Section 1 hereof.

Appears in 2 contracts

Samples: Lease (Digitalnet Holdings Inc), Lease (Digitalnet Holdings Inc)

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Lessee’s Property. SECTION 1. All Lessee's machinery, equipment, furniture, demountable partitions, and all other property of Lessee installed or located in the Demised Premises from time to time ("Lessee's Property") shall be and remain the property of Lessee. At any time during the term, Lessee may remove any of Lessee's Property from the Demised Premises. Upon the termination of this Lease, Lessee shall remove all Lessee's Property from the Demised Premises. If within thirty ten (3010) days after the termination of this Lease, Lessee has not removed all Lessee's Property from the Demised Premises, and Lessor desires to dispose of such remaining Lessee's Property, Lessor may notify Lessee that the remaining Lessee's Property must be removed whereupon Lessee shall remove the same forthwith, failing which it shall at Lessor's option become property of Lessor or Lessor may remove it at Lessee's expense. Lessor may do so at Lessee's expense. SECTION 2. Lessee's Property and all furnishings, fixtures, equipment, affects and property of those claiming by, through or under Lessee located in the Demised Premises shall be at the sole risk and hazard of Lessee, and if the whole or any part hereof shall be damaged or destroyed by fire, flood, the leakage or bursting of pipes, or by theft or by any other cause, no part of such damage shall be borne by Lessor. SECTION 3. Upon the termination of this Lease, the Lessee will surrender the Demised Premises in good order and condition, ordinary wear and tear excepted. The Lessee will fully repair any damage occasioned by the removal of the Lessee's Property in accordance with the provisions of Section 1 hereof.

Appears in 2 contracts

Samples: Lease (Digitalnet Holdings Inc), Lease (Digitalnet Holdings Inc)

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