Common use of Lessee’s Right Upon Termination Clause in Contracts

Lessee’s Right Upon Termination. At the termination of this Lease and any subsequent renewals or extensions thereof and, provided Lessee is not in default, then Lessee shall: (a) Return the Leased Premises to Lessor clear of all improvements except those improvements chosen by Lessee to remove, which may include buildings, improvements, foundations and footings which have been constructed by Lessee, its agents, employees, assigns or successors; provided, however, that Lessee shall have one hundred twenty (120) days after termination in which to remove all such improvements. In the event that demolition by Xxxxxx exceeds the one hundred twenty (120) day period, Lessee shall pay rent at the then current rate for any excess days, and (b) Transfer title to the improvements not removed by Lessee to Lessor in lieu of removal of the said improvements and Xxxxxx hereby agrees to execute all appropriate documents to vest title to said improvements in Lessor free and clear of any and all liens and encumbrances.

Appears in 2 contracts

Samples: Land Lease Agreement, Lease Agreement

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Lessee’s Right Upon Termination. At the termination of this Lease and any subsequent renewals or extensions thereof andextensions, provided Lessee so long as it is not in default, then Lessee shall:. (a) Return Lessee shall return the Leased Premises to Lessor clear of all improvements except those improvements chosen by Lessee to remove, which may include buildings, improvements, foundations and footings which have been constructed by Lessee, its agents, employees, assigns or successors; provided, however, that Lessee shall have one hundred twenty (120) days after termination in which to remove all such improvements. In the event that demolition by Xxxxxx exceeds the one hundred twenty (120) day period, Lessee shall pay rent at the then current rate for any excess days, and (b) Transfer Xxxxxx shall transfer title to the improvements not removed by Lessee to Lessor in lieu of removal of the said improvements and Xxxxxx hereby agrees to execute all appropriate documents to vest title to said improvements in Lessor free and clear of any and all liens and encumbrances.

Appears in 1 contract

Samples: Land Lease Agreement

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Lessee’s Right Upon Termination. At the termination of this Lease and any subsequent renewals or extensions thereof and, and provided Lessee is not in default, then Lessee shall: (a) Return the Leased Premises to Lessor clear of all improvements except those improvements chosen by Lessee to remove, which may include buildings, improvements, foundations and footings which have been constructed by Lessee, its agents, employees, assigns or successors; provided, however, that Lessee shall have one hundred twenty (120) days after termination in which to remove all such improvements. In the event that demolition by Xxxxxx exceeds the one hundred twenty (120) day period, Lessee shall pay rent at the then current rate for any excess days, ; and (b) Transfer title to the improvements not removed by Lessee to Lessor in lieu of removal of the said improvements and Xxxxxx hereby agrees to execute all appropriate documents to vest title to said improvements in Lessor free and clear of any and all liens and encumbrances.

Appears in 1 contract

Samples: Land Lease Agreement

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