Ownership of the Improvements. During the Term, ownership and title to all Improvements and personal property located on the Premises (other than fee title to the land) will be vested in and held by Xxxxxx. During the Term, Tenant is entitled to all depreciation, allowances, investment tax credits, or other such rights, tax benefits, and privileges provided by federal, state, or local law to the owners of real property. Immediately upon the expiration of the Term, all right, title, and interest in the Improvements and personal property of Tenant located on the Premises (excluding any personal property of Residential Tenants) will vest in Landlord without further action of Landlord or Tenant being necessary or required.
Ownership of the Improvements. During the Term, ownership and title to all Improvements and personal property located on the Premises (other than fee title to the land) shall be vested in and held by Tenant. During the Term, Tenant is entitled to all depreciation, allowances, investment tax credits, or other such rights, tax benefits, and privileges provided by federal, state, or local law. Immediately upon the expiration of the Term, all right, title, and interest in the Improvements and personal property (other than personal property of tenants) located on the Premises shall vest in the FCRHA without further action of the FCRHA or Tenant being necessary or required.
Ownership of the Improvements. A. Ownership of all or any category of the Improvements constructed and installed by the Developer pursuant to this Agreement shall vest in the City (or other specified governmental agency) upon acceptance of said Improvements by the City Council and recordation of a Notice of Completion.
Ownership of the Improvements. During the Term, ownership and title to all Improvements and personal property located on the Premises (other than fee title to the land) shall be vested in and held by Tenant. During the Term, Tenant is entitled to all depreciation, allowances, investment tax credits, or other such rights, tax benefits, and privileges provided by federal, state, or local law.
Ownership of the Improvements. The Improvements and any modifications, additions, restorations, repairs and replacements thereof hereafter placed or constructed by Tenant, at Tenant’s expense, upon the Demised Premises shall be owned by Tenant, its successors and assigns, until the expiration of the Lease Term and any extensions thereof; provided that (i) the terms and provisions of this Lease shall apply to the Improvements; and (ii) the Improvements (with the exception only of movable trade fixtures, furniture, books, computer connections but excluding computer cabling, educational equipment but excluding HVAC, plumbing, electrical, and mechanical equipment, and personalty) shall be surrendered to and become the absolute property of Landlord upon the termination of the Lease Term, whether by expiration of time or otherwise.
Ownership of the Improvements. All Improvements within the Easement, whether they were installed by the Grantee or any predecessor in interest, shall be and remain the property of the Grantee; provided, however, that upon the expiration of the Easement, the Grantee shall remove all Improvements within the Easement and shall restore the surface thereof to its original condition as nearly as reasonably possible.
Ownership of the Improvements. Title to the improvements has been and is reserved to Tenant and remains the sole property of Tenant. Tenant may add or remove all or any portion of the Improvements at any time during the Term irrespective of the manner or method of attachment of the same to the Premises and/, provided same is accomplished in accordance with Applicable Laws. Landlord shall have no ownership or other interest in any component of the Improvements or any environmental attributes produced therefrom, including, without limitation, any and all credits (including tax credits, carbon credits, renewable energy credits), rebates incentives benefits, emissions reductions, entitlements, offsets and allowances of any kind howsoever entitles, attributable to the Improvements or the electric energy capacity or other generator-based product ,produced therefrom, whether in effect as of the Effective Date or as may come into effect in the future (collectively, “Environmental Attributes”). For the avoidance of doubt Txxxxx’s right to benefit from any such tax credit, existing or in the future, shall always be superior to Landlord’s.
Ownership of the Improvements. All of the Improvements on the Land will remain the property of Tenant at all times during the Term or sooner termination of this Agreement. Any portion of the other Improvements that are not removed or demolished by Tenant shall be the property of Landlord. Upon the expiration or sooner termination of this Agreement, title to the Improvements on the Premises will become vested in the Landlord. The Improvements will be maintained free from liens of materialmen, contractors, subcontractors, laborers, and other mechanic's liens (collectively, the “Mechanic's Liens”). In the event a Mechanic's Lien is filed against the Premises as a result of the alteration, maintenance and repair of the Improvements, such Lien will be paid or bonded over by Tenant within thirty (30) days of notice to Tenant of the filing of such Lien. Nothing contained herein will limit or impede Tenant’s right to contest by appropriate legal proceedings any claims arising out of the construction, repair, or maintenance of improvements or any Mechanic’s Liens filed or asserted against the Premises or the improvements.
Ownership of the Improvements. Title to the Tenant Improvements during the Term of this Lease vest exclusively in Tenant. Upon the termination of this Lease for any reason, whether by expiration of the Term or otherwise, the title to the Tenant Improvements will vest in and be the sole property of Landlord, free of any right, title, interest, claim, or demand of Tenant, or of anyone claiming through or under Tenant. For clarity, any equipment which is removable without damaging the Premises shall not be considered Tenant Improvements for the purpose of this paragraph and shall remain the exclusive property of Tenant.
Ownership of the Improvements. During the Term, the Building and other ----------------------------- Improvements constructed by Tenant, including all fixtures, shall be the sole and exclusive property of Tenant and its permitted assignees, and Tenant alone shall be entitled to deduct all depreciation thereof on Tenant's income tax returns, and mortgage, pledge or assign the same as collateral in connection with any financing. Upon the expiration or sooner termination of this Lease, all rights, ownership, title and interest to the Building and other Improvements erected on the Premises by Tenant and any Alterations thereto, shall automatically vest in and be transferred to Landlord, its successors and assigns, without notice or action on the part of either of the parties hereto, and such expiration or termination shall constitute an automatic assignment by Tenant of Tenant's right to receive any rents or payments from any assignees, subtenants, or licensees of all or any portion of the Premises. APPENDIX I ---------- BEILER-CAMPBELL BUSINESS CENTER -------------------------------------------------------------------------------- FIRST NATIONAL BANK OF CHESTER COUNTY SCHEDULE OF RENTS & FEES ESTIMATED BASE-MINIMUM RENT COMMON AREA MAINTAINENCE COMBINED Years Square Annually Monthly AMOUNT SFT Annually Monthly Total Annual Total Monthly Feet 1 3,000 120,000 10,000.00 1.75 5.250 437.50 125,250.00 10,437.50 2 3,000 120,000 10,000.00 1.75 5.250 437.50 125,250.00 10,437.50 3 3,000 120,000 10,000.00 1.75 5.250 437.50 125,250.00 10,437.50 4 3,000 120,000 10,000.00 1.75 5.250 437.50 125,250.00 10,437.50 5 3,000 120,000 10,000.00 1.75 5.250 437.50 125,250.00 10,437.50 6 3,000 141,000 11,750.00 1.75 5.250 437.50 146,250.00 12,187.50 7 3,000 145,935 12,161.25 1.75 5.250 437.50 151,185.00 12,598.75 8 3,000 151,043 12,586.89 1.75 5.250 437.50 156,292.73 13,024.39 9 3,000 156,329 13,027.44 1.75 5.250 437.50 161,579.22 13,464.94 10 3,000 161,801 13,483.40 1.75 5.250 437.50 167,050.74 13,920.90 Five Year Renewal Period 11 3,000 167,464 13,955.31 1.75 5.250 437.50 172,713.77 14,392.81 12 3,000 173,325 14,443.75 1.75 5.250 437.50 178,575.00 14,881.25 13 3,000 179,391 14,949.28 1.75 5.250 437.50 184,641.38 15,386.78 14 3,000 185,670 15,472.51 1.75 5.250 437.50 190,920.07 15,910.01 15 3,000 192,169 16,014.04 1.75 5.250 437.50 197,418.53 16,451.54 Five Year Renewal Period 16 3,000 198,894 16,574.54 1.75 5.250 437.50 204,144.43 17,012.04 17 3,000 205,856 17,154.64 1.75 5.250 437.50 211,105.73 17,592.14 18 3,00...
