Common use of Property Abandoned Clause in Contracts

Property Abandoned. If Tenant abandons or surrenders the Leased Premises, or is dispossessed by process of law or otherwise, any of Tenant’s Property left on the Leased Premises shall be deemed to be abandoned, and, at Landlord’s option, title shall pass to Landlord under this Lease as by a xxxx of sale, subject to any prior lienholder, consistent with state law. If Landlord elects to remove all or any part of such Tenant’s Property, the cost of removal, including repairing any damage to the Leased Premises caused by such removal, including repairing any damage to the Leased Premises caused by such removal, shall be paid by Tenant.

Appears in 4 contracts

Samples: Lease Agreement (Exagen Inc.), Lease Agreement (Exagen Inc.), Lease Agreement (Exagen Diagnostics Inc)

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Property Abandoned. If Tenant abandons or surrenders the Leased Premises, or is dispossessed by process of law or otherwise, does not remove any of Tenant’s 's ------------------ Property left on from the Leased Premises by the Expiration Date or earlier termination of this Lease, such Tenant's Property shall be deemed to be abandoned, and, at . At Landlord’s 's option, title to such Tenant's Property shall pass to Landlord under this Lease as by if this Lease constituted a xxxx of sale, subject to any prior lienholder, consistent with state lawsale for such Tenant's Property. If Landlord elects to remove all or any part of such Tenant’s Property, 's Property the cost of removal, including repairing any damage to the Leased Premises or Building caused by such removal, including repairing any damage to the Leased Premises caused by such removal, removal shall be paid by Tenant.

Appears in 1 contract

Samples: Lease (Archon Corp)

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