Common use of Removal and Restoration by Tenant Clause in Contracts

Removal and Restoration by Tenant. All alterations, decorations, additions, installations and improvements made by Tenant, or made by Landlord on Tenant's behalf by agreement under this Lease, shall remain the property of Tenant for the term of the lease, and any extension or renewal thereof. Such alterations, decorations, additions, installations and improvements shall not be removed from the Leased Premises prior to the end of the term hereof without the prior written consent of Landlord. Upon expiration of this Lease, or any renewal term thereof, Tenant shall surrender possession of the Leased Premises to Landlord in the condition required pursuant to Section 1.2.03 and remove all alterations, decorations, additions, installations and improvements which are specific to Tenant's use of the Leased Premises as a bank (as opposed to another retail use) such as, by way of example and not limitation, automatic teller machines, vaults and drive-up facilities, repair all damage, and restore the Leased Premises as provided in Section 12.03 hereof. If Tenant fails to remove such alterations, decorations, additions, installations and improvements and restore the Leased Premises, then upon the expiration of this Lease, or any renewal thereof, and upon Tenant's vacating the Leased Premises, all such alterations, decorations, additions, installations and improvements shall, at Landlord's option, become the property of Landlord.

Appears in 2 contracts

Samples: Lease (Embassy Bancorp, Inc.), Lease (Embassy Bancorp, Inc.)

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Removal and Restoration by Tenant.  All alterations, decorations, additions, installations and improvements made by Tenant, or made by Landlord on Tenant's behalf by agreement under this Lease, shall remain the property of Tenant for the term of the lease, and any extension or renewal thereof. Such alterations, decorations, additions, installations and improvements shall not be removed from the Leased Premises prior to the end of the term hereof without the prior written consent of Landlord. Upon expiration of this Lease, or any renewal term thereof, Tenant shall surrender possession of the Leased Premises to Landlord in the condition required pursuant to Section 1.2.03 and remove all alterations, decorations, additions, installations and improvements which are specific to Tenant's use of the Leased Premises as a bank (as opposed to another retail use) such as, by way of example and not limitation, automatic teller machines, vaults and drive-up facilities, repair all damage, and restore the Leased Premises as provided in Section 12.03 hereof. If Tenant fails to remove such alterations, decorations, additions, installations and improvements and restore the Leased Premises, then upon the expiration of this Lease, or any renewal thereof, and upon Tenant's vacating the Leased Premises, all such alterations, decorations, additions, installations and improvements shall, at Landlord's option, become the property of Landlord.. 

Appears in 1 contract

Samples: Lease (Embassy Bancorp, Inc.)

Removal and Restoration by Tenant. All alterations, . decorations, additions, installations additions and improvements made by the Tenant, or made by Landlord the Lessor on the Tenant's behalf by agreement under this Lease, shall remain the property of the Tenant for the term of the leaseLease, and or any extension or renewal thereof. Such alterations, decorations, additions, installations additions and improvements shall not be removed from the Leased Premises leased premises prior to the end of the term hereof without the prior written consent of Landlordin writing from the Lessor. Upon expiration of this Lease, or any extension or renewal term thereof, the Tenant shall surrender possession of the Leased Premises to Landlord in the condition required pursuant to Section 1.2.03 and remove all such alterations, decorations, additions, installations additions and improvements which are specific to Tenant's use of the Leased Premises as a bank (as opposed to another retail use) such as, by way of example and not limitation, automatic teller machines, vaults and drive-up facilities, repair all damageimprovements, and restore the Leased Premises leased premises as provided in Section 12.03 10.03 hereof. If the Tenant fails to remove such alterations, decorations, additions, installations additions and improvements and restore the Leased Premisesleased premises, then upon the expiration of this Lease, or any extension or renewal thereof, and upon the Tenant's vacating removal from the Leased Premisesleased premises, all such alterations, decorations, additions, installations additions and improvements shall, at Landlord's option, shall become the property of Landlordthe Lessor.

Appears in 1 contract

Samples: Lease Agreement (Security Associates International Inc)

Removal and Restoration by Tenant. The following paragraph shall apply only following the initial completion of Tenant's Work, which is governed by Article VI. Tenant shall give Landlord at least fifteen (15) days written notice before commencing construction of any alterations, changes, or additions to the Premises. Without Landlord's prior written consent (which consent shall not be unreasonably withheld), Tenant shall not make any alterations, changes or additions which (a) are structural or affect any Complex utilities or systems (whether or not affecting other tenants), (b) affect the exterior of the Complex, (c) require the approval of the Agency pursuant to the Ground Lease and/or Public Garage Lease, or (d) which are not in categories (a), (b), or (c) above but which cost, in the aggregate, more than $500,000 at any one time. All alterations, decorationschanges and additions and all improvements, additionsincluding leasehold improvements, installations and improvements made by Tenant, or made by Landlord on Tenant's behalf behalf, whether part of Tenant's Work or not and whether or not paid for wholly or in part by agreement under this LeaseLandlord, shall remain the Tenant's property of Tenant for the term Lease Term. Any alterations, changes, additions and improvements shall immediately upon the termination of this Lease become Landlord's property, be considered part of the lease, and Premises. If Tenant fails to remove any extension or renewal thereof. Such alterationsshelving, decorations, additionsequipment, installations and improvements shall not be removed trade fixtures or personal property from the Leased Premises prior to the end of the term hereof without the prior written consent of Landlord. Upon expiration of this LeaseLease Term, or any renewal term thereof, Tenant shall surrender possession of the Leased Premises to Landlord in the condition required pursuant to Section 1.2.03 and remove all alterations, decorations, additions, installations and improvements which are specific to Tenant's use of the Leased Premises as a bank (as opposed to another retail use) such as, by way of example and not limitation, automatic teller machines, vaults and drive-up facilities, repair all damage, and restore the Leased Premises as provided in Section 12.03 hereof. If Tenant fails to remove such alterations, decorations, additions, installations and improvements and restore the Leased Premises, then upon the expiration of this Lease, or any renewal thereof, and upon Tenant's vacating the Leased Premises, all such alterations, decorations, additions, installations and improvements they shall, at Landlord's option, become Landlord's property. Tenant shall pay for the removal of such property from the Premises and Tenant shall repair or pay for the repair of Landlordany damage done to the Premises resulting from removing same.

Appears in 1 contract

Samples: Lease (Abovenet Communications Inc)

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Removal and Restoration by Tenant. (a) All alterations, decorations, additions, installations erections, fixtures, improvements and improvements appurtenances made by the Tenant, or made by the Landlord on the Tenant's behalf by agreement under this Lease(other than the Tenant's trade fixtures), in, on, to, for or which serve the Premises, shall remain immediately become the property of Tenant for the term of Landlord upon affixation or installation, without compensation therefor to the lease, and any extension or renewal thereofTenant. Such alterations, decorations, additions, installations erections, fixtures, improvements and improvements appurtenances shall not be removed from the Leased Premises prior to either during or at the end expiration or earlier of this Lease except that: (i) The Tenant may during the term hereof without Term in the prior written consent usual or normal course of Landlord. Upon its business remove its trade fixtures, provided such trade fixtures have become excess for the Tenant's purposes or the Tenant is substituting new and similar trade fixtures therefor, and provided that in each case (1) the Tenant is not in default under this Lease; and (2) such removal is done at the Tenant's sole cost and expense; and (ii) The Tenant shall, at the expiration or earlier termination of this Lease, or any renewal term thereofat its own cost, Tenant shall surrender possession remove all its trade fixtures and such of the Leased Premises to Landlord in the condition required pursuant to Section 1.2.03 and remove all alterations, decorations, additions, installations erections, fixtures, improvements and improvements appurtenances in, on, to, for or which are specific serve the Premises as the Landlord at its option, upon notice to the Tenant requires to be removed. Notwithstanding the foregoing in Section 10.09(a)(ii), the Tenant's use obligation shall be limited to restoring the Premises to the condition that existed at the respective dates upon which the Tenant took possession of the Leased Premises as a bank different portions constituting the Premises. (as opposed to another retail useb) such as, by way of example and If the Tenant does not limitation, automatic teller machines, vaults and drive-up facilities, repair all damage, and restore the Leased Premises as provided in Section 12.03 hereof. If Tenant fails to remove such alterations, decorations, additions, installations and improvements and restore the Leased Premises, then upon its trade fixtures at the expiration or earlier termination of this Leasethe Term, or any renewal thereof, and upon Tenant's vacating the Leased Premises, all such alterations, decorations, additions, installations and improvements trade fixtures shall, at the option of the Landlord's option, thereupon become the property of the Landlord, without compensation therefor to the Tenant, and may be removed from the Premises and sold or disposed of by the Landlord in such manner as it deems advisable. (c) The Tenant shall, in the case of every such installation or removal either during or at the expiration of the Term, promptly make good any damage caused to the Premises or the Building. (d) For greater certainty, the Tenant's trade fixtures shall not include (i) heating, ventilating and air-conditioning systems, facilities and equipment in or serving the Premises; (ii) floor covering affixed to the floor of the Premises; (iii) light fixtures or drapes or curtains; (iv) doors; (v) internal stairways, escalators or elevators; and (vi) anything that would not normally be considered a trade fixture; all of which are deemed to be leasehold improvements.

Appears in 1 contract

Samples: Lease (Acc Corp)

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