Ownership of Alterations. All Alterations (except Tenant’s Equipment, as ( cited hereinafter), put in at the expense of Tenant shall become the property of Landlord and shall remain upon and be surrendered with the Premises as a part thereof at the termination of this lease or at Landlord’s option shall be removed.
Ownership of Alterations. All Alterations shall, upon the Expiration Date of this Lease, become the property of Landlord and shall remain on and be surrendered with the Premises on the Expiration Date; except that, Landlord may, at its election, require Tenant to remove any or all of the Alterations, provided that Landlord notifies Tenant in writing prior to commencement of the Alterations. If Landlord so elects to have the Alterations removed, Tenant shall, at its sole cost, on or before the Expiration Date, repair and restore the Premises to the condition of the Premises prior to the installation of the Alterations which are to be removed. Tenant shall pay all costs for Alterations and other construction done or caused to be done by Tenant and Tenant shall keep the Premises free and clear of all mechanics’ and materialmen’s liens resulting from or relating to any Alterations or other construction. Tenant may, at its election, contest the correctness or validity of any such lien provided that within 20 days after written demand by Landlord, Tenant procures and records a lien release bond, issued by a corporation satisfactory to Landlord and authorized to issue surety bonds in California, in an amount equal to 125% of the amount of the claim of lien, which bond meets the requirements of California Civil Code Section 8424 or any successor statute.
Ownership of Alterations. All Alterations made by or for Tenant (other than the Tenant’s movable trade fixtures), will immediately become the property of the Landlord, without compensation to the Tenant; provided, however, Landlord will have no obligation to repair, maintain or insure such Alterations. Carpeting, shelving and cabinetry will be deemed improvements of the Premises and not movable trade fixtures, regardless of how or where affixed. Such Alterations will not be removed by Tenant from the Premises either during or at the expiration or earlier termination of the Term and will be surrendered as a part of the Premises unless Landlord has requested that Tenant remove such Alterations. Racking for servers or network equipment shall not be deemed as movable trade fixtures.
Ownership of Alterations. All Alterations shall be and remain the property of Tenant during the term of this Lease but shall not be altered or removed from the Premises. At the expiration or sooner termination of the term of this Lease, all Alterations shall become the property of Landlord, and Landlord shall have no obligation to reimburse Tenant for any portion of the value or cost. Notwithstanding the foregoing, if Tenant gives notice to Landlord gives notice to Landlord at the time of the installation of a custom trade fixture that Tenant desires to remove such fixture at the end of the term, then Tenant shall be permitted to remove such fixture provided that it can and does so without damage to the Premises, and, in any event, repairs any damage occasioned by the installation or removal of such fixture and restores the Premises to its condition existing prior to such installation. However, Landlord shall have the right to require Tenant to remove any Alterations; in that case, Tenant shall remove the Alterations prior to the expiration or sooner termination of the term of this Lease. Notwithstanding the foregoing, Tenant shall not be obligated to remove any Alterations with respect to which (a) Tenant was required or selected to obtain the consent of Landlord; (b) at the time Tenant requested the consent of Landlord, Tenant requested that Landlord inform Tenant of whether Landlord would require Tenant to remove the Alteration at the expiration of the term of this Lease; and (c) at the time Landlord granted consent, Landlord notified Tenant that Landlord would not require the removal of the Alteration at the expiration of the term of this Lease.
Ownership of Alterations. Upon the expiration of the Term or the earlier termination of this Lease, all additions, installations, decorations, improvements (whether temporary or permanent), fixtures (except Lxxxxx’s trade fixtures which can be removed without defacing the Premises or the Building) and alterations, whether placed there by Lessee or Lessor, shall remain a part of the Premises as the property of Lessor without compensation or allowance or credit to the Lessee. Lessee shall, however, remove such items at its expense upon Lxxxxx’s written request. If Lessee does not remove such items after Lessor’s request, Lessor may remove and sell or dispose of the same at the expense of Lessee in a manner Lessor deems advisable or place such property in sterage at Lessee’s expense. Carpeting, emergency lights, fire extinguishers, alarm systems, shelving and cabinetry will be deemed improvements of the Premises and not movable trade fixtures, regardless of how or where affixed. Such alterations will not be removed by Lxxxxx from the Premises either during or at the expiration of the Term or earlier termination of this Lease and will be surrendered as a part of the Premises unless such alteration is not Building standard and Lessor has requested that Lessee remove same. Notwithstanding the foregoing, Lessee shall not be liable for removal of standard improvements to the Building made by Lessor. Any of Lxxxxx’s property remaining in the Premises ten (10) days after the expiration of the Term or earlier termination of this Lease will be deemed to have been abandoned by Lxxxxx, and in such case such items may be retained by Lessor as Lessor’s property or disposed of by Lessor without accountability to Lessee, in such manner as Lessor determines the removal and disposal of any abandoned items will be at Lessee s expense.
Ownership of Alterations. All fixtures and all carpeting and other floor, wall and ceiling coverings, and all lighting fixtures installed on the Premises by Tenant shall become the property of Landlord and shall remain upon and be surrendered with the Premises upon the termination of the Lease, provided however:
(a) Nothing in this Section shall be construed to give Landlord title to or to prevent Tenant's removal of trade fixtures and/or moveable office furniture and equipment;
(b) Landlord may require Tenant to remove any or all of any Alterations at the expiration of the Term of this Lease, so long as Landlord has at the time of approval of such Alteration advised Tenant that such removal will be required;
(c) Upon removal of any equipment, fixtures, and/or Alteration which Tenant is required or permitted to remove under this Lease, Tenant shall immediately and at its own expense repair and restore the Premises to the condition existing prior to installation (subject to ordinary wear and tear) and repair any damage to the Premises due to such removal. All property that was permitted to be removed by Tenant at the end of the Term but which remains in the Premises for sixty (60) days after Tenant vacates the Premises shall be deemed abandoned and may, at the election of Landlord, either be retained as Landlord's property or may be removed from the Premises by Landlord.
Ownership of Alterations. All Alterations made by or for Tenant (other than the Tenant's movable trade fixtures), will immediately upon installation become the property of the Landlord, without compensation to the Tenant; provided, however, Landlord will have no obligation to repair or maintain such Alterations. Carpeting, shelving and cabinetry will be deemed improvements of the Premises and not movable trade fixtures, regardless of how or where affixed. Such Alterations will not be removed by Tenant from the Premises either during or at the expiration or earlier termination of the Term and will be surrendered as a part of the Premises unless such Alteration is not Building standard and Landlord has requested that Tenant remove same. Tenant will have the right to request at the time of submission to Landlord of Tenant's information in connection with a proposed Alteration that Landlord designate which non-Building standard Tenant improvements resulting from such Alteration will be subject to removal at the end of the Term. In the absence of such request, all non-Building standard improvements resulting from such Alteration will be subject to removal. Tenant will reimburse Landlord for the cost of repair for all damage done to the Premises or the Building by the installation and/or removal of any Alterations.
Ownership of Alterations. All Alterations shall immediately become ------------------------ Landlord's property. Except as provided in Section 9.d., Landlord may require Tenant, at Xxxxxx's sole expense and by the end of the Term, to remove any Alterations and to restore the Premises to its condition prior to the Alteration.
Ownership of Alterations. Any Alterations shall belong to Tenant until the Termination Date, at which time the Alterations (other than Tenant’s Trade Fixtures (as hereinafter defined)) shall belong to Landlord; provided, however, in no event shall the Alterations be removed by Tenant prior to the Termination Date, except as expressly provided herein. For purposes of this Lease, “Trade Fixtures” shall mean a piece of equipment placed on the Premises owned by Tenant and used in Tenant’s trade or business. For the avoidance of doubt, Trade Fixtures shall not include, without limitation, Building systems and machinery, built-in cabinet work and/or lab benches, purpose-built mezzanine space, all HVAC, air handling, electrical, mechanical and plumbing equipment and related ducts, shafts, and conduits, all exterior venting fume hoods, walk-in freezers and refrigerators, clean-rooms, climatized rooms, electrical panels and power back-up distribution systems. The parties agree that Landlord will be treated for all purposes, including tax purposes, as the owner of (and will be the party entitled to claim depreciation or other cost recovery deductions for federal tax purposes with respect to) any improvements, equipment, or personal property that were paid for, or reimbursed by, Landlord, including any allowance provided by Landlord, and Tenant will be treated for all purposes, including tax purposes, as the owner of (and will be the party entitled to claim depreciation or other cost recovery deductions for federal tax purposes with respect to) any improvements to the extent that the cost for such improvements were paid for by Tenant and to the extent any such costs exceed any allowance provided by Landlord. Unless required to adopt a contrary position as a result of an administrative or judicial proceeding, the parties shall take no action inconsistent with, the intentions set forth in this paragraph. The parties will provide each other with such cooperation as is reasonably necessary to implement the intentions of this paragraph.
Ownership of Alterations. All improvements and alterations performed on the premises by either Landlord or Tenant shall be the property of Landlord when installed unless the applicable Landlord's consent provides otherwise.
