Common use of Ownership and Removal Clause in Contracts

Ownership and Removal. All personal property not affixed in any way to the Premises including inventory, kitchen equipment, those nonstructural alterations as the Town approves for removal as were installed under this Lease and do not affect the structure of the Forbes Mill Building or the Premises, together with Master Tenant’s Trade Fixtures, (collectively, “Master Tenant’s Property”) shall remain the property of Master Tenant. Upon the termination or expiration of the Lease Term, if Master Tenant is not then in default under the Lease, Master Tenant may remove Master Tenant’s Property from the Premises no later than the termination or expiration date. In addition, Master Tenant may remove from the Premises all items and Alterations installed by Master Tenant that are indicative of Master Tenant’s business and may otherwise “de-identify” the Premises, as Master Tenant reasonably believes necessary or appropriate for the protection of Master Tenant’s interest in Master Tenant’s trademarks, trade names or copyrights. Master Tenant shall repair any damage to the Premises caused by such removal, including patching and filling holes. In no event shall Master Tenant remove or be required to remove any restrooms, flooring, ceilings, utility or electrical components located inside the walls or HVAC systems. All other utility systems will be capped and returned to a condition compatible with code requirements.

Appears in 1 contract

Samples: Master Lease

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Ownership and Removal. All personal property not affixed in any way to the Premises including inventory, kitchen equipment, those nonstructural alterations as the Town approves for removal as were installed under this Lease and do not affect the structure of the Forbes Mill Xxxx Building or the Premises, together with Master TenantXxxxxx’s Trade Fixtures, (collectively, “Master Tenant’s Property”) shall remain the property of Master Tenant. Upon the termination or expiration of the Lease Term, if Master Tenant is not then in default under the Lease, Master Tenant may remove Master TenantXxxxxx’s Property from the Premises no later than the termination or expiration date. In addition, Master Tenant may remove from the Premises all items and Alterations installed by Master Tenant that are indicative of Master TenantXxxxxx’s business and may otherwise “de-identify” the Premises, as Master Tenant reasonably believes necessary or appropriate for the protection of Master TenantXxxxxx’s interest in Master TenantXxxxxx’s trademarks, trade names or copyrights. Master Tenant shall repair any damage to the Premises caused by such removal, including patching and filling holes. In no event shall Master Tenant remove or be required to remove any restrooms, flooring, ceilings, utility or electrical components located inside the walls or HVAC systems. All other utility systems will be capped and returned to a condition compatible with code requirements.

Appears in 1 contract

Samples: Master Lease

Ownership and Removal. All personal property not affixed in any way to the Premises including inventory, kitchen equipment, those nonstructural alterations as the Town approves for removal as were installed under this Lease and do not affect the structure of the Forbes Mill Xxxx Building or the Premises, together with Master Tenant’s Trade Fixtures, (collectively, “Master Tenant’s Property”) shall remain the property of Master Tenant. Upon the termination or expiration of the Lease Term, if Master Tenant is not then in default under the Lease, Master Tenant may remove Master Tenant’s Property from the Premises no later than the termination or expiration date. In addition, Master Tenant may remove from the Premises all items and Alterations installed by Master Tenant that are indicative of Master Tenant’s business and may otherwise “de-identify” the Premises, as Master Tenant reasonably believes necessary or appropriate for the protection of Master Tenant’s interest in Master Tenant’s trademarks, trade names or copyrights. Master Tenant shall repair any damage to the Premises caused by such removal, including patching and filling holes. In no event shall Master Tenant remove or be required to remove any restrooms, flooring, ceilings, utility or electrical components located inside the walls or HVAC systems. All other utility systems will be capped and returned to a condition compatible with code requirements.

Appears in 1 contract

Samples: Master Lease

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Ownership and Removal. All personal property not affixed in any way to the Premises including inventory, kitchen equipment, those nonstructural alterations as the Town approves for removal as were installed under this Lease and do not affect the structure of the Forbes Mill Building or the Premises, together with Master TenantXxxxxx’s Trade Fixtures, (collectively, “Master Tenant’s Property”) shall remain the property of Master Tenant. Upon the termination or expiration of the Lease Term, if Master Tenant is not then in default under the Lease, Master Tenant may remove Master TenantXxxxxx’s Property from the Premises no later than the termination or expiration date. In addition, Master Tenant may remove from the Premises all items and Alterations installed by Master Tenant that are indicative of Master TenantXxxxxx’s business and may otherwise “de-identify” the Premises, as Master Tenant reasonably believes necessary or appropriate for the protection of Master TenantXxxxxx’s interest in Master TenantXxxxxx’s trademarks, trade names or copyrights. Master Tenant shall repair any damage to the Premises caused by such removal, including patching and filling holes. In no event shall Master Tenant remove or be required to remove any restrooms, flooring, ceilings, utility or electrical components located inside the walls or HVAC systems. All other utility systems will be capped and returned to a condition compatible with code requirements.

Appears in 1 contract

Samples: Master Lease

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