Common use of PROPERTY BELONGING TO LESSEE Clause in Contracts

PROPERTY BELONGING TO LESSEE. If Lessor shall so elect in writing within ninety (90) days from the termination or expiration of this Lease, Lessor may purchase any or all of the buildings, structures, materials, tools, machinery, appliances, and equipment placed in or upon the Leased Premises by Xxxxxx and shall pay to Lesser such sum as may be agreed to by the Parties. If the Parties cannot reach agreement on a purchase price, a reasonable price shall be fixed by a board of three appraisers, one of whom shall be chosen by Lessor, one by Xxxxxx, and one by the two so chosen. Pending such purchase, all Equipment shall remain in normal position. If Lessor elects not to purchase all or a part of the Equipment, Lessee shall remove it within a period of one hundred eighty (180) days following the earlier of the end of the above-referenced ninety

PROPERTY BELONGING TO LESSEE. If Lessor shall so elect in writing within ninety (90) days from the termination or expiration of this Lease, Lessor may purchase any or all of the buildings, structures, materials, tools, machinery, appliances, and equipment placed in or upon the Leased Premises by Xxxxxx Lessee and shall pay to Lesser such sum as may be agreed to by the Parties. If the Parties cannot reach agreement on a purchase price, a reasonable price shall be fixed by a board of three appraisers, one of whom shall be chosen by Lessor, one by XxxxxxLessee, and one by the two so chosen. Pending such purchase, all Equipment shall remain in normal position. If Lessor elects not to purchase all or a part of the Equipment, Lessee shall remove it within a period of one hundred eighty (180) days following the earlier of the end of the above-referenced ninety