Ownership of Improvements and Personal Property. CITY shall not own any improvements, fixtures, structures or installations on the Premises during the Term, unless such ownership is evidenced by a separate writing. LESSEE shall not remove any such improvements, fixtures, structures or installations during the Term without CITY’s written consent in each instance. Upon expiration or termination of this Lease, all improvements, fixtures, structures and installations on the Premises shall be deemed a part of the Premises and owned by CITY. Notwithstanding the foregoing sentence, CITY may, upon notice to LESSEE at Lease termination or at any time prior to the expiration of the Term, elect to have part or all of such improvements, fixtures, structures and installations or additions removed by LESSEE upon the termination or expiration of this Lease. In that case, LESSEE shall, at LESSEE’s sole cost and expense, remove those items designated for removal in CITY’s notice and restore the Premises to CITY’s reasonable satisfaction as soon as practicable, but in no event later than sixty (60) days after the expiration or earlier termination of this Lease. LESSEE, at its sole cost and expense, shall be responsible for the repair of any and all damage resulting from the removal of such items. If LESSEE fails to remove the items as required in this section, CITY may, at its option, remove them at LESSEE’s sole cost and expense.
Ownership of Improvements and Personal Property. All installations, alterations, additions, betterments and improvements upon the Leased Premises, made by any party, including, without limitation, all irrigation, pipes, ducts, conduits, wiring, sheds, buildings and the like shall become the property of Landlord when installed and shall remain upon and be surrendered with the Leased Premises as a part thereof at the expiration or sooner termination of the Lease. Tenant hereby grants to Landlord a security interest in Tenant’s movable trade fixtures, inventory and other personal property as security for Tenant’s obligations under this Lease. Any personal property of Tenant which shall remain on the Leased Premises after the termination of this Lease and the removal of Tenant from the Leased Premises, may, at the option of Landlord, be deemed to have been abandoned by Tenant and either be retained by Landlord as its property or be disposed of, in such manner as Landlord sees fit, at Tenant’s expense.
Ownership of Improvements and Personal Property a. Subject to the provisions of Section 2.2, any and all improvements, trade fixtures, structures, and installations or additions to the Leased Aircraft Ground Space now existing or constructed on the Leased Aircraft Ground Space by LESSEE shall at Lease expiration or termination be deemed to be part of the Leased Aircraft Ground Space and may become, at CITY’s option, CITY’s property free of all liens and claims, except as otherwise provided in this Lease.
b. Subject to the provisions of Section 2.2, if CITY elects not to assume ownership of all or any improvements, trade fixtures, structures, and installations, CITY shall so notify LESSEE thirty (30) days prior to termination or sixty (60) days prior to expiration, and LESSEE shall remove all such improvements, structures and installations as directed by CITY at LESSEE’s sole cost on or before Lease expiration or earlier termination. If LESSEE fails to remove any improvements, structures, and installations as directed by CITY, LESSEE agrees to pay CITY the full cost of any removal.
c. LESSEE-owned machines, appliances, equipment (other than trade fixtures), and other items of personal property shall be removed by LESSEE by the date of the expiration or earlier termination of this Lease. Any said items which LESSEE fails to remove will be considered abandoned and, subject to applicable law, become CITY’S property free of all claims and liens, or CITY may, at its option, remove and dispose of said items at LESSEE’s sole cost and expense.
d. If any removal of LESSEE’s property results in damage to the remaining improvements on the Leased Aircraft Ground Space, LESSEE agrees to repair all such damage at LESSEE’s sole cost and expense.
e. Any necessary removal of LESSEE’s property, by either CITY or LESSEE, which takes place beyond the expiration or termination date of this Lease, shall require LESSEE to pay Rent (pro rata for every day beyond the expiration/termination date) to CITY at a rate that is equivalent to two (2) times the rate which was in effect immediately prior to said expiration or termination date.
Ownership of Improvements and Personal Property a. Any and all improvements, trade fixtures, structures, and installations or additions, including any ADA lifts, ramps or other improvements to the premises now existing or constructed on the premises by LESSEE shall at Lease expiration or termination be deemed to be part of the premises and shall become, at CITY’S option, CITY’S property free of all liens and claims, except as provided in Section 11.2 of this Lease.
b. If CITY elects not to assume ownership of all or any improvements, trade fixtures, structures, and installations, CITY shall so notify LESSEE thirty
Ownership of Improvements and Personal Property. Lessee warrants that title to all improvements constructed or placed on the Premises by Lessee during the Term, including buildings and structures, whether approved by Lessor or constructed in violation of this Lease are and shall be vested in Lessee during the Term, but shall automatically become the property of Lessor upon the expiration or sooner termination of this Lease. Any improvements, fixtures and/or equipment installed on the Premises by Lessee prior to the Effective Date shall remain the property of Lessee and may be removed by Lessee, should it chose to, at the time it vacates the Premises.
Ownership of Improvements and Personal Property. All installations, alterations, additions, betterments and improvements upon the Demised Premises, made by any party, including, without limitation, all pipes, ducts, conduits, wiring, panelling, partitions, railings, mezzanine floors, galleries and the like shall become the property of Landlord when installed and, except as otherwise expressly provided in Section 15.04, shall remain upon and be surrendered with the Demised Premises as a part thereof at the expiration or sooner termination of the Term. Movable trade fixtures and other personal property which Tenant installs at its own expense shall remain Tenant's property and may be removed at any time provided Tenant promptly repairs any damage caused by such removal and provided further that Tenant shall not then be in default under this Lease. Any personal property of Tenant or subtenant, concessionaire or licensee which shall remain in the Demised Premises after the termination of this Lease and the removal of Tenant and/or such subtenant, concessionaires or licensee from the Demised Premises, may, at the option of the Landlord, be deemed to have been abandoned by Tenant or such subtenant, concessionaire or licensee and either be retained by Landlord as it is property or be disposed of, in such manner as Landlord sees fit, at Tenant's expense.
Ownership of Improvements and Personal Property. All improvements to the Concession Operation at Golf Facilities made during Term of this Agreement by Owner and all Furnishings and Equipment shall be considered property owned exclusively by Club (subject to Owner’s rights under the Purchase Agreement).
Ownership of Improvements and Personal Property. All Improvements and ----------------------------------------------- Personal Property now or hereafter affixed, placed or used by Mortgagor are and will hereafter be owned by Mortgagor free from any prior liens or encumbrances, provided, however, that if any of the foregoing Improvements or Personal Property shall be subject to a conditional xxxx of sale, chattel mortgage or other agreement creating a security interest, then all of the right, title and interest of Mortgagor in and to such Improvements and Personal Property together with the benefits of any deposits or payments now or hereafter made thereon shall be covered by and subject to this Mortgage.
Ownership of Improvements and Personal Property. 10.01 All permanently installed improvements which Global may construct or cause to be constructed upon the Leased Premises shall be owned for all purposes (including federal and state income tax ownership) by Global and not by SJTA, except that upon the expiration or termination of this Lease, the permanently installed improvements shall become the property of SJTA. Global shall retain ownership of all trade fixtures and business equipment and furnishings from time to time installed on the Leased Premises at its expense. Global may remove any of such fixtures, equipment or furnishings not permanently installed at any time during the term of the Lease and shall remove all such property from the Leased Premises prior to the expiration of the term of the Lease. Global shall repair at its expense any damage caused to the Leased Premises as a result of the removal of such property.
Ownership of Improvements and Personal Property
