Ownership of Improvements and Fixtures. All improvements, alterations and additions including without limitation lighting fixtures installed in the Premises and which in any manner are attached to the floors, walls or ceilings, and any linoleum and carpeting or other floor material which may be cemented or otherwise adhesively affixed to the floor of Premises, shall remain and be surrendered with the Premises as a part thereof upon the termination of this lease.
Ownership of Improvements and Fixtures. All Improvements made to and built on the Lands shall belong to the Lessee at all times and may be removed from the Lands by the Lessee at any time during, or at the expiration or termination of, the Term, provided that the Lessee shall, at its own cost and expense, return the Lands to their previous condition if any Improvement is removed. Any Improvements that are not removed by the Lessee from the Lands shall become the absolute property of the Lessor upon the expiration or termination of this Lease, but shall be deemed, as between the Lessor and the Lessee during the Term, to be the separate property of the Lessee and not of the Lessor, but subject to and governed by all the provisions of this Lease applicable thereto. The Lessor’s absolute right of property in the Improvements which arises upon the termination of the Lease takes priority over any other interest in the Improvements which may now or hereafter be created by the Lessee (subject to the Lessee’s right of removal as outline above), provided that all dealings by the Lessee with the Improvements which in any way affect title thereto shall be made expressly subject to the right of the Lessor, and the Lessee shall not assign, encumber or otherwise deal with the Improvements separately from any permitted dealing with the leasehold interest under this Lease, with the intent that only a person who holds an interest in the Improvements shall hold or enjoy an interest in this Lease, subject to the provisions contained herein respecting subleases of parts of the Lands or Improvements by the Lessee.
Ownership of Improvements and Fixtures. During the term of this Ground Lease and any extension thereof, Park shall be deemed the owner of the Structures and Improvements. Moveable furniture, trade fixtures, equipment and other personal property not permanently affixed to the Premises, or which can be removed from the Premises without substantial damage to the Premises, which are acquired by Children’s Museum at its expense, shall remain Children’s Museum's property and may be removed at any time, provided Children’s Museum promptly repairs any damage caused by such removal.
Ownership of Improvements and Fixtures. (1) Subject to the provisions of this Article, the Improvements are intended to be the property of the Tenant. upon the expiration or termination of the Lease, and shall be deemed, as between the Landlord and the Tenant during the Construction Period and the Term, to be the separate property of the Tenant and not of the Landlord, but subject to and governed by all the provisions of this Lease applicable thereto. Upon the termination of the lease, the Landlord shall have the option to purchase the Improvements for the fair market value (“FMV”) thereof as determined by a qualified real property appraiser jointly retained by the Tenant and the Landlord to determine the FMV of the Improvements, the FMV of the Lands only and the FMV of the Lands and the Improvements. Should the Landlord not elect to purchase the Improvements, then the Lands shall be listed for sale at the FMV as determined by the appraisal. Upon the completion of the sale, the net proceeds of the sale shall be divided as follows:
Ownership of Improvements and Fixtures. The Landowner and the Lessee agree that the Improvements are intended to be and shall remain the absolute property of the Lessee.
Ownership of Improvements and Fixtures. During the term of this Lease and any extension thereof, Tenant shall be deemed the owner of the Improvements including those located on the Common Areas on the Premises, and Tenant shall be entitled to the tax benefits associated with said ownership, provided that Landlord shall be entitled to any applicable deductions or credits with respect to any Improvements paid for by Landlord. Movable furniture, trade fixtures, equipment, and other personal property not permanently affixed to the land or building, which is acquired by Tenant at its expense, shall remain Tenant’s property and may be removed at any time, provided Tenant promptly repairs any damage caused by such removal.
Ownership of Improvements and Fixtures. During the term of this Lease and any renewals provided for in this Lease, Tenant shall be deemed the owner of Tenant's Improvements including the Common Areas on the Premises, and Tenant shall be entitled to the tax benefits associated with said ownership, provided that Landlord shall be entitled to any applicable deductions or credits with respect to any Improvements paid for, repaired or maintained by Landlord. All Improvements made by or on behalf of either party, including, without limitation, the building, parking areas, landscaping, driveways, walkways, parking areas, and other Common Areas, together with any alterations, fixtures, installations, additions and improvements made thereto, unless Landlord otherwise elects by giving notice thereof to Tenant not less than thirty days following the expiration or other termination of this Lease), shall become the property of Landlord and shall remain upon and be surrendered with the Premises as a part thereof at the expiration or sooner termination of this Lease. Movable furniture, trade fixtures, kitchen equipment, and other personal property not affixed to the Land or Building, which is acquired by Tenant at its expense shall remain its property and may be removed at any time, provided Tenant promptly repairs any damage caused by such removal.
Ownership of Improvements and Fixtures. All alterations, installations, additions and improvements made upon or for the benefit of the Premises by either party shall, unless Landlord otherwise elects (by giving notice thereof to Tenant not less than thirty days prior to the expiration or other termination of this Lease), become the property of Landlord and shall remain upon and be surrendered with the Premises as a part thereof at the expiration or sooner termination of this Lease. Movable furniture, trade fixtures and other personal property (including but not limited to furniture, power poles and electrical cabling track) not affixed to the Premises which is acquired by Tenant at its expense shall remain its property and may be removed at any time, provided Tenant promptly repairs any damage caused by such removal.
Ownership of Improvements and Fixtures. Upon expiration or any early termination of this Lease any buildings, improvements, additions, alterations, and fixtures (except furniture, auxiliary power, trade fixtures, lighting, and personal property related to filming) constructed, placed, or maintained on any part of the leased Premises during the Term shall be considered part of the real property and shall become Landlord’s property.
Ownership of Improvements and Fixtures. (a) The Landlord and the Tenant agree that all Improvements are intended to be and become the absolute property of the Landlord upon the expiration or termination of the Lease, and shall be deemed, as between the Landlord and the Tenant during the Term to be the separate property of the Tenant and not of the Landlord.
