Common use of Ownership of Alterations Clause in Contracts

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.

Appears in 2 contracts

Samples: Office Lease Agreement (Jamba, Inc.), Office Building Lease (Nexplore Corp)

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Ownership of Alterations. All Upon the expiration or sooner termination of this Lease, all Alterations made by or for Tenant (other than the Tenant's movable ’s trade fixtures), will ) shall immediately upon installation become the property of the Landlord, without compensation to the Tenant; provided, however, but Landlord will have has no obligation to repair repair, maintain or maintain such insure those Alterations. Carpeting, shelving shelving, cabinetry and cabinetry will be deemed casework are considered improvements of the Premises and not movable trade fixtures, regardless of how or where affixed. Such No Alterations will not be removed by Tenant from the Premises either during or at the expiration or earlier termination of the Term Term, and will they shall be surrendered as a part of the Premises unless such the Alteration is not Building Building-standard and Landlord has requested that Tenant remove same. Tenant will have the right to request it at the time it consented to such Alteration; provided, however, that in the event that the Alterations were not subject to the prior approval of submission Landlord under Section 7.06(a), Landlord shall designate in writing to Tenant within ten (10) business days after receipt of written notice from Tenant detailing such Alterations which of the Alterations must be removed at the end of the Term. Landlord of Tenant's information in connection with a proposed Alteration that Landlord may designate which non-Building Building-standard Tenant improvements resulting from such the Alteration will be are subject to removal at the end of the TermTerm as part of its consent thereto. In the absence of such requesta designation, all no non-Building Building-standard improvements resulting from such the Alteration will be are subject to removal. Tenant will reimburse Landlord for removal in accordance with the cost provisions of repair for all damage done to the Premises or the Building by the installation and/or removal of any Alterationsthis Lease.

Appears in 2 contracts

Samples: Lease Agreement (Peloton Therapeutics, Inc.), Lease Agreement (Peloton Therapeutics, Inc.)

Ownership of Alterations. All Alterations made by or for Tenant (other than the Tenant's ’s movable trade fixturesfixtures which shall include Tenant’s projection screen and UPS system), 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 ’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.

Appears in 1 contract

Samples: Office Building Lease (Avatar Systems Inc)

Ownership of Alterations. All Alterations made by or for Tenant (other than the Tenant's ’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 ’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.

Appears in 1 contract

Samples: Office Building Lease (Heartland Payment Systems Inc)

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Ownership of Alterations. All Any and all Alterations made by or for Tenant to, and all other property (other than the Tenant's movable trade fixturesincluding wall-to-wall carpet and wall covering), will in, or upon, the Premises shall, unless Landlord elects otherwise, become immediately on completion of their installation Landlord's property without payment therefor by Landlord and shall remain 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 surrendered with the Premises either during or at the expiration or earlier termination of this Lease (including any renewal or extension period). If Landlord elects that Alterations made by Tenant be removed upon the Term expiration or termination of this Lease, Tenant shall cause the same to be removed at Tenant's sole expense, and will be surrendered as a part of shall restore the Premises unless such Alteration to its original improved condition, ordinary wear and tear excepted, on or before the date this Lease expires or is not Building standard terminated. If Tenant fails to remove the same or restore the Premises, Landlord may cause the Alterations to be removed and/or to restore the Premises at Tenant's expense, and Landlord has requested that Tenant remove same. Tenant will have the right to request at the time of submission shall pay to Landlord the Cost Of Such removal and/or restoration together with an), and all damages which Landlord may suffer and sustain because 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 failure to removal at remove 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 Alterations and/or restore the Premises or the Building by the installation and/or removal of any Alterationsas herein provided.

Appears in 1 contract

Samples: Office Lease (Infe Com Inc)

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