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. All improvements constructed on the premises by Lessee shall be owned by Lessee until expiration or sooner termination of this lease. All improvements located on the Premises at the expiration or sooner termination of this lease shall become the property of Lessor, free and clear of all claims of Lessee or anyone claiming under Lessee, and Lessee shall indemnify and defend Lessor against all liability and loss arising from such claims, unless Lessee shall purchase the premises.
Ownership of the Improvements. All of the Improvements on ----------------------------- the Land are, shall be and remain the property of Tenant at all times during the Term or sooner termination of this Agreement. Upon the expiration or sooner termination of this Agreement, in the event Landlord has not elected to exercise its option to purchase the Improvements in accordance with the terms of the Conveyance, Tenant shall have the obligation to remove the Improvements to slab level, at its sole cost and expense and in a good and workmanlike manner and in accordance with applicable laws and regulations, within two (2) years of the expiration or sooner termination of this Agreement; provided however, that Tenant's obligation to remove Improvements shall be limited as follows:
(i) Tenant shall have no obligation to remove slabs or foundations except to ground level, or roadways, paving or curbs; (ii) Tenant shall have no obligation to remove the cooling tower located on the Premises, but will remove all asbestos on such cooling tower; (iii) Tenant shall not be required to remove existing underground utility lines, consisting of lines for cooling water, fire water and electrical power; (iv) Tenant shall not be required to remove piperacks, pipelines or other equipment in continued operation under the terms of easements or servitudes; and (v) Tenant shall not remove the control room located on the Premises. Tenant shall, to the extent required by applicable Law (as defined below), remove all asbestos from the Premises. This obligation shall be a continuing obligation and shall survive the expiration of the Term or the termination of this Agreement. The Improvements shall 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 shall 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. 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. All of the Improvements which are -52- 53 constructed by Landlord shall become the property of Landlord upon installation and shall not be removed or altered by Tenant except as expressly permitted by the Lease.
