Common use of Ownership of Alterations Clause in Contracts

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 fixtures and all carpeting and other floor, wall and ceiling coverings, and all lighting fixtures installed on the Premises by Tenant Tenant’s Alterations shall become remain the property of Landlord and Tenant during the Lease Term but shall remain upon and not be surrendered altered (except in compliance with the Premises upon terms of this §5.2) or removed from the Premises. At the expiration or sooner termination of the LeaseLease Term, provided however: (a) Nothing in this Section all Tenant’s Alterations shall be construed surrendered to give Landlord title as part of the realty and shall then become Landlord’s property, and Landlord shall have no obligation to reimburse Tenant for all or any portion of the value or cost thereof; provided, however, that if Landlord requires Tenant to prevent remove any Tenant's removal ’s Alterations, Tenant shall so remove such Tenant’s Alterations prior to the expiration or sooner termination of trade fixtures and/or moveable office furniture and equipment; the Lease Term. Notwithstanding the foregoing, Tenant shall not be obligated to remove any Tenant’s Alterations with respect to which the following is true: (bi) meet the following requirements: (A) Tenant was required, or elected, to obtain the approval of Landlord may to the installation of the Alterations in question; (B) at the time Tenant requested Landlord’s approval, Tenant requested of Landlord in writing that Landlord inform Tenant of whether or not Landlord would require Tenant to remove any or all of any such Alterations at the expiration of the Term of this Lease, so long as Landlord has Lease Term; and (C) at the time of approval of such Alteration advised Landlord granted its approval, it did not inform Tenant that such removal will be required; (c) Upon removal of any equipment, fixtures, and/or Alteration which it would require 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 Alterations at the end expiration of the Term but which remains in Lease Term; (ii) were constructed by Landlord for Tenant’s initial occupancy of the Premises for sixty Premises; or (60iii) 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 Landlordare general office improvements.

Ownership of Alterations. All fixtures and all carpeting and other floor, wall and ceiling coverings, and all lighting fixtures installed on Alterations made or added to the Leased Premises by Tenant (which does not include Tenant’s inventory, equipment, movable furniture, wall decorations and trade fixtures) shall be deemed real property and a part of the Leased Premises, but shall remain the property of Tenant during the Lease Term. Any such Alterations, once completed, shall not be altered or removed from the Leased Premises during the Lease Term without Landlord’s written approval first obtained in accordance with the provisions of Section 6.1 above. At the expiration or sooner termination of this Lease, all such Alterations shall automatically become the property of Landlord and shall remain upon and be surrendered with the Premises upon the termination to Landlord as a part of the LeaseLeased Premises as required pursuant to Article 2, provided however: (a) Nothing in this Section unless Landlord 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 of such Alterations in accordance with the provisions of Article 2, in which case Tenant shall so remove same. Landlord shall have no obligation to reimburse to Tenant all or all any portion of the cost or value of any Alterations at the expiration of the Term of this Leaseso surrendered to Landlord. All modifications, 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 alterations or improvements which Tenant is required are installed or permitted to remove under this Lease, Tenant shall immediately and at its own expense repair and restore the Premises constructed on or attached to the condition existing prior to installation (subject to ordinary wear and tear) and repair any damage to the Leased Premises due to such removal. All property that was permitted to be removed by Tenant Landlord at the end of the Term but which remains in the Premises for sixty (60) days after Tenant vacates the Premises Landlord’s expense shall be deemed abandoned real property and may, at a part of the election Leased Premises and shall be the property of Landlord. All lighting, either plumbing, electrical, heating, ventilating and air conditioning fixtures, partitioning, window coverings, wall coverings and floor coverings installed by Tenant shall be retained as Landlord's property or may be removed from deemed Alterations to the Leased Premises by Landlordand not trade fixtures of Tenant.

Ownership of Alterations. All fixtures and all carpeting and other floor, wall and ceiling coverings, and all lighting fixtures installed on the Premises Title to any Alterations thereto constructed by Tenant or subtenants shall be vested in Tenant, subtenant or, as may be required for financing purposes, other parties until the expiration or earlier termination of this Lease, at which time the Alterations thereto shall become the property of Landlord Commission, free and shall remain clear of all liens and encumbrances, without any obligation on the part of Commission to pay therefore. Subject to the terms of Section 10.1 relating to damage and destruction upon and be surrendered with the Premises upon the expiration or earlier 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 whether by lapse of time or otherwise (including any holdover period), Tenant at its expense shall: (a) remove all of Tenant’s moveable, un- affixed personal property, goods, and effects, and those of all persons claiming under Tenant from the time Campus; (b) to the extent required by Landlord, remove all of approval of such Alteration advised Tenant that such removal will be required; its exhibits and exhibit-related casework, and (c) Upon removal promptly and peacefully surrender the leased facilities (includingsurrender of any equipmentall Tenant’s improvements, fixturesalterations, and/or Alteration which Tenant is required and additions installed on the Campus) in at least as good a condition as at the Effective Date or permitted to remove under this Leasethe date of completion of the Alterations, Tenant shall immediately and at its own expense repair and restore the Premises to the condition existing prior to installation (subject to ordinary reasonable wear and teartear and casualty excepted. Any property left on the Campus more than thirty (30) and repair any damage to days after the Premises due to such removal. All property that was permitted to be removed by Tenant at the end expiration or termination of the Term but which remains in the Premises for sixty (60) days after Tenant vacates the Premises shall be deemed to have been abandoned and mayto have become the property of Landlord to dispose of as Landlord deems expedient, at the election and Tenant shall be liable for all costs associated with thedisposal of Landlord, either be retained as Landlord's property or such property. Tenant hereby waives all claims for damages that may be removed from caused by Landlord re-entering and taking possession of the Premises by LandlordCampus or removing and storing Tenant’s property as herein provided. No such reentry shall be considered or construed to be a forcible entry.

Ownership of Alterations. All fixtures and Unless Landlord shall elect that all carpeting and other floor, wall and ceiling coverings, and all lighting fixtures installed or part of any alteration made by Tenant to the premises (including any alteration consented to by Landlord pursuant to Paragraph 9 hereof) shall remain on the Premises premises after the termination of this Lease, the premises shall be restored to their original condition by Tenant before the expiration of this Lease at Tenant's sole expense. Landlord and Tenant agree, however, that with respect to the Tenant Work set forth in Section 33 of this Lease, such Tenant Work shall be deemed as having been completed prior to the commencement date of this Lease and therefore Tenant will not have to remove any of such improvements upon the expiration or earlier termination of this Lease. Upon such election by Landlord, any such alterations, improvements, betterments or mechanical equipment, including but not limited to, heating and air conditioning systems, shall become the property of the 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 or sooner of the Term termination of this Lease, so long as Landlord has and all right, title and interest thereof of Tenant shall immediately cease, unless otherwise agreed to in writing by Landlord. Tenant shall repair promptly, at its own expense, any damage to the time of approval premises caused by bringing into the premises any property for Tenant's use, or by the installation or removal of such Alteration advised property, regardless of fault or by whom such damage shall be caused. Tenant, upon the expiration or earlier termination of the Term, and/or at any time during the Term, shall have the right to remove from the premises all trade fixtures belonging to Tenant that such removal will be required; (c) Upon removal of any including, but not limited to, movable furniture, other personalty, tailor shop equipment, fixtures, and/or Alteration light fixtures and any other property of Tenant which may be removed without substantial alteration or damage to the premises) and all personal property of Tenant. In the event Tenant is required or permitted to remove under this Leaseshall effect any such removal, Tenant shall immediately and at its own expense repair and restore the Premises be required to the condition existing prior to installation (subject to ordinary wear and tear) and repair any damage to the Premises due to premises caused by 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.