Common use of PERSONALTY, FIXTURES AND EQUIPMENT Clause in Contracts

PERSONALTY, FIXTURES AND EQUIPMENT. (A) All present and future alterations, additions, renovations, improvements and installations made to the Leased Premises, including the Building ("Leasehold Improvements") shall be deemed to be the property of Lessor. Notwithstanding the foregoing, upon Lessee's vacation of the Leased Premises, Lessee may, at its election, remove any walk-in cooler, overhead hood system and/or built in safe (collectively "Removable Leasehold Improvements"). All movable goods, inventory, office furniture, equipment, trade fixtures (including exterior signs) and other movable personal property belonging to Lessee that are not permanently affixed to the Leased Premises (collectively, "Lessee's Property"), including, without limitation, any item or matter that contains or represents Lessee's trade names, trademarks, service marks, trade secrets, trade dress or similar assets of Lessee (collectively, "Lessee's Intellectual Property"), shall remain Lessee's property and may be removable by Lessee at any time, provided that Lessee (i) is not in default beyond applicable notice and cure period under this Lease, and (ii) shall repair any damage to the Leased Premises caused by the removal of any of Lessee's Property. Lessor has no right or interest in Lessee's Intellectual Property.