Common use of Naming and Signage of the Property Clause in Contracts

Naming and Signage of the Property. (a) Lessee shall have the sole and exclusive right, at any time and from time to time, to select and/or change the name or names of the Property, and the Improvements, and the sole and exclusive right to determine not to use any name in connection with the Property, as well as all rights in respect of signage for or in connection with the Property. Lessee shall also have the right to petition or apply to the appropriate Governmental Authority to have the names of the public roadways surrounding the Property changed, and Lessor shall, at Lessee’s expense, cooperate with Lessee to effectuate any such name change. Lessor shall not have or acquire any right or interest with respect to any such name or names used at any time by Xxxxxx, or any trade name, trademark service mark or other intellectual property of any type of Lessee. Lessor shall cooperate with Lessee to effectuate Xxxxxx’s sign rights hereunder, at no cost to Xxxxxx. Lessee may install any sign or signs on the Property as it elects, at its sole cost and in compliance with Applicable Laws. Any signs installed by Lessee (other than those existing as of the commencement of the Lease Term) shall be removed by Lessee at the expiration or earlier termination of the Lease Term, and Lessee shall repair any damage caused by such removal.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Naming and Signage of the Property. (a) Lessee shall have the sole and exclusive right, at any time and from time to time, during the lease term or any renewal or extension thereof to i) select and/or change the name or names of the Property, and the Improvements, and the sole and exclusive right to ii) determine not to use any name in connection with the Property, as well as ; and iii) all rights in respect of signage for or in connection with the Property. Lessee shall also have the right to petition or apply to the appropriate Governmental Authority to have the names of the public roadways surrounding the Property changed, and Lessor shall, at Lessee’s sole cost and expense, cooperate with Lessee to effectuate any such name change. Lessor shall not have or acquire any right or interest with respect to any such name or names used at any time by XxxxxxLessee, or any trade name, trademark service mark xxxx or other intellectual property of any type of Lessee. Lessor shall cooperate with Lessee to effectuate XxxxxxLessee’s sign rights hereunder, at no cost to XxxxxxLessor. Lessee may install any sign or signs on the Property as it elects, at its sole cost and in compliance with Applicable Laws. Any signs installed by Lessee (other than those existing as of the commencement of the Lease Term) shall be removed by Lessee at the expiration or earlier termination of the Lease Term, and Lessee shall repair any damage caused by such removal.

Appears in 2 contracts

Samples: Lease Agreement (Carter Validus Mission Critical REIT, Inc.), Lease Agreement (Carter Validus Mission Critical REIT, Inc.)

Naming and Signage of the Property. (a) Lessee shall have the sole and exclusive right, at any time and from time to time, to select and/or change the name or names of the Property, Property and the Improvements, and the sole and exclusive right to determine not to use any name in connection with the Property, as well as all rights in respect of signage for or in connection with the Property. Lessee shall also have the right to petition or apply to the appropriate Governmental Authority to have the names of the public roadways surrounding the Property changed, and Lessor shall, at Lessee’s expense, cooperate with Lessee to effectuate any such name change. Lessor shall not have or acquire any right or interest with respect to any such name or names used at any time by XxxxxxLessee, or any trade name, trademark service mark xxxx or other intellectual property of any type of Lessee. Lessor shall cooperate with Lessee to effectuate Xxxxxx’s Lessee's sign rights hereunder, at no cost to XxxxxxLessor. Lessee may install any sign or signs on the Property as it elects, at its sole cost and in compliance with Applicable Laws. Any signs installed by Lessee (other than those existing as of the commencement Commencement of the Lease Term) shall be removed by Lessee at the expiration or earlier termination of the Lease Term, and Lessee shall repair any damage caused by such removal.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)

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Naming and Signage of the Property. (a) Lessee shall have the sole and exclusive right, at any time and from time to time, to select and/or change the name or names of the Property, the internal roadways on the Property, and the Improvements, and the sole and exclusive right to determine not to use any name in connection with the Property, as well as all rights in respect of signage for or in connection with the Property. Lessee shall also have the right to petition or apply to the appropriate Governmental Authority to have the names of the public roadways surrounding the Property changed, and Lessor shall, at Lessee’s expense, cooperate with Lessee to effectuate any such name change. Lessor shall not have or acquire any right or interest with respect to any such name or names used at any time by XxxxxxLessee, or any trade name, trademark service mark xxxx or other intellectual property of any type of Lessee. Lessor shall cooperate with Lessee to effectuate XxxxxxLessee’s sign rights hereunder, at no cost to XxxxxxLessor. Lessee may install any sign or signs on the Property as it elects, at its sole cost and in compliance with Applicable Laws. Any signs installed by Lessee (other than those existing as of the commencement of the Lease Term) shall be removed by Lessee at the expiration or earlier termination of the Lease Term, and Lessee shall repair any damage caused by such removal.

Appears in 1 contract

Samples: Real Estate Sale Contract (Inland American Real Estate Trust, Inc.)

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