Ownership of Alterations; Removal Notices Clause Samples

Ownership of Alterations; Removal Notices. All Alterations shall become the property of Tenant upon its installation and continuing during the Term, but all of which shall become the property of Landlord upon expiration or earlier termination of this Lease, except for Tenant’s Property and for items which Landlord requires Tenant to remove at Tenant’s cost at the expiration or earlier termination of this Lease pursuant to Section 16.1 below or otherwise expressly provided herein. Tenant’s Property shall be solely the property of Tenant at all times. Notwithstanding the foregoing, Landlord shall notify Tenant in writing (a) at the time it gives its consent to any Alterations requiring Landlord’s consent, or (b) within six months of the Expiration Date (including any Renewal Term), whether it will require all or a portion of such Alterations or Minor Alterations, as applicable, be removed by Tenant at the expiration or earlier termination of this Lease (each, a “Removal Notice”). If Landlord fails to timely provide a Removal Notice for any Alterations that require Landlord’s consent or fails to provide a Removal Notice within 10 days after receipt of a Minor Alterations Notice, Tenant shall have no obligation to remove any such Alterations or Minor Alterations, as applicable. Notwithstanding anything to the contrary contained in this Section, Landlord may deliver to Tenant a Removal Notice within 30 days after Landlord receives notice or otherwise learns that any Alterations or Minor Alterations has been performed by Tenant without obtaining Landlord’s prior consent or delivering to Landlord a Minor Alterations Notice, as applicable (an “Unauthorized Alteration”), requiring that Tenant remove all or a portion of the same at the expiration or earlier termination of this Lease.