Common use of Ownership of Alterations Clause in Contracts

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.

Appears in 3 contracts

Samples: Commercial Lease (Vocodia Holdings Corp), Commercial Lease (Vocodia Holdings Corp), Commercial Lease (Vocodia Holdings Corp)

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Ownership of Alterations. Upon the expiration of the Term Expiration Date 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 Tenant shall return the Premises or to Landlord clean and as close to the Building) and alterations, whether placed there by Lessee or Lessor, shall remain a part condition existing at the time Tenant took possession of the Premises as reasonably practicable, except for: (i) ordinary wear and tear, (ii) damage that Landlord has the obligation to repair under the terms of this Lease, (ii) all changes, modifications, alterations, additions or improvements that Landlord did not require Tenant to remove at the time of Landlord’s consent thereto, and (iv) damage by casualty. Except as provided below, all changes, modifications, alterations, additions or improvements and property at the Premises (including wall to wall carpeting, paneling or other wall covering and any other surface material attached to or affixed to the floor, wall or ceiling of the Premises) will remain in and be surrendered with the Premises upon the Expiration Date or earlier termination of this Lease, and Tenant waives all rights to any payment, reimbursement or compensation for the property that must remain at the Premises in accordance with this subsection. Tenant may remove its equipment, inventory, and trade fixtures as necessary in the ordinary course of Lessor without compensation or allowance or credit to the Lesseebusiness. Lessee shallTenant must, 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 prior to the expiration of the Term Expiration Date or earlier termination of this Lease and will be surrendered as a part any changes, modifications, alterations, additions or improvements that Landlord has designated for removal at the time of Landlord’s written approval of such changes, modifications, alterations, additions or improvements. Tenant must promptly repair any damage to 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 caused by its 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 personal property, changes, modifications, alterations, additions 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 expenseimprovements.

Appears in 2 contracts

Samples: Commercial Industrial Lease Agreement (Li-Cycle Holdings Corp.), Commercial Industrial Lease Agreement (Li-Cycle Holdings Corp.)

Ownership of Alterations. Upon the expiration of the Term Expiration Date 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 Tenant shall return the Premises or to Landlord clean and in the Buildingcondition existing at the time Tenant took possession of the Premises, except for: (1) ordinary wear and tear, (2) damage that Landlord has the obligation to repair under the terms of this Lease, (3) all changes, modifications, alterations, whether placed there additions or improvements that Tenant does not have the obligation to remove under the terms of this Section 6.4, and (4) damage by Lessee casualty. Except as provided below, all changes, modifications, alterations, additions or Lessorimprovements and property at the Premises (including wall to wall carpeting, shall remain a part paneling or other wall covering and any other surface material attached to or affixed to the floor, wall or ceiling of the Premises) will remain in and be surrendered with the Premises as upon the Expiration Date or earlier termination of this Lease, and Tenant waives all rights to any payment, reimbursement or compensation for the property of Lessor without compensation or allowance or credit to that must remain at the LesseePremises in accordance with this subsection. Lessee shallTenant must, 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 prior to the expiration of the Term Expiration Date or earlier termination of this Lease and will be surrendered as a part any changes, modifications, alterations, additions or improvements that Landlord has designated for removal at the time of Landlord’s written approval of such changes, modifications, alterations, additions or improvements. Notwithstanding, the Premises parties agree that Landlord may not designate for the removal items typically found in other first class office buildings, unless such alteration is not Building standard and Lessor has requested that Lessee remove sameitems adversely impact the cost of subsequent reuse or re-tenanting (such as raised computer floors, full kitchens, supplemental HVAC units, etc.). Notwithstanding the foregoing, Lessee Tenant shall not be liable for removal required to remove from the Premises any of standard the changes, modifications, alterations, additions or improvements to the Building made by Lessor. Any of Lxxxxx’s property remaining which are constructed in the Premises ten with the Construction Plans (10as defined in Exhibit “B”) days after or those that do not require Landlord’s approval. Tenant must promptly repair any damage to the expiration Premises caused by its removal of the Term personal property, changes, modifications, alterations, additions or earlier termination of this Lease will be deemed to have been abandoned by Lxxxxximprovements, and in such case such items may be retained by Lessor as Lessor’s property or disposed of by Lessor without accountability leave a surface ready to Lessee, in such manner as Lessor determines the removal and disposal of any abandoned items will be at Lessee s expensereceive a new finish.

Appears in 1 contract

Samples: Sublease Agreement (Legalzoom Com Inc)

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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 Lessee'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 Lessor's written request. If Lessee does not remove such items after Lessor’s 's request, Lessor may remove and sell or dispose of the same at the expense of Lessee in a manner Lessor deems advisable advisable, or place such property in sterage storage at Lessee’s '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 Lessee 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 Lessee'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 LxxxxxLessee, and in such case such items may be retained by Lessor as Lessor’s '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 determines, at Lessee s Lessee's expense.

Appears in 1 contract

Samples: Commercial Lease (Hiway Technologies Inc)

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