Common use of Removal and Surrender of Fixtures and Alterations Clause in Contracts

Removal and Surrender of Fixtures and Alterations. All Alterations and all Tenant Improvements installed in the Premises which are attached to, or built into, the Premises, shall become the property of Landlord and, except as otherwise provided in this Lease, shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, Landlord may, by written notice to Tenant at least thirty (30) days prior to the end of the Term, require Tenant to remove any Alterations or Tenant Improvements designated by Landlord to be removed at the time of Landlord’s approval thereof, and to repair any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal, all at Tenant’s sole expense and to the reasonable satisfaction of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises as part of the Tenant Improvements or otherwise, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is not in default hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached to or built into the Premises, Landlord and Tenant shall each own undivided interests in such Tenant Improvements to the extent, in the case of Landlord, provided or paid for by Landlord, and, in the case of Tenant, the portion of the cost of such Tenant Improvements paid for by Tenant. For purposes of the insurance requirements of Section 11.5, Landlord shall be deemed to have an insurable interest in all of the Tenant Improvements and Alterations in the Premises during the Term, as between Landlord and Tenant, and the same shall be surrendered with the Premises on termination of this Lease, as set forth above.

Appears in 3 contracts

Samples: Office Lease (New Century Financial Corp), Office Lease (New Century Financial Corp), Office Lease (New Century Financial Corp)

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Removal and Surrender of Fixtures and Alterations. All Alterations and all Tenant Improvements installed in the Premises pursuant to Exhibit D, which are attached to, or built into, the Premises, shall at the end of the Term become the property of Landlord and, except as otherwise provided in this Lease, and shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, Landlord may, by written notice to Tenant at least thirty (30) 30 days prior to the end of the Term, require Tenant to remove any Alterations or Tenant Improvements designated by Landlord to be removed at the time of Landlord’s approval thereofthereof (other than the initial Tenant Improvements constructed in the Premises pursuant to Exhibit D) and any other improvements not generally found in a first-class office building, and to repair any damage to the Premises, the Building Property and any other part of the Park Place Project Property caused by such removal, all at Tenant’s sole expense and to the reasonable satisfaction of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises as part of the Tenant Improvements or otherwise, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is not in default hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached installed in the Premises pursuant to or built into the PremisesExhibit D, Landlord and Tenant shall each own undivided interests in such Tenant Improvements to the extent, in the case of Landlord, provided of the Tenant Improvement Allowance paid to or paid for by Landlordon behalf of Tenant, and, in the case of Tenant, the portion of the cost of such Tenant Improvements paid for by Tenant. Tenant For purposes of the insurance requirements of Section 11.5this Lease, Landlord Tenant shall be deemed to have an insurable interest in all of the Tenant Improvements and Alterations in the Premises during the TermPremises, as between Landlord and Tenant, and but the same shall be surrendered with the Premises on termination of this Lease, as set forth above.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

Removal and Surrender of Fixtures and Alterations. All Any Alterations and all the Tenant Improvements installed in the Premises pursuant to Exhibit D, and/or tenant improvements which are made to any additional space leased by Tenant in excess of the Rentable Area of the Premises (“Future Tenant Improvements”), which are attached to, or built into, the Premises, shall at the end of the Term become the property of Landlord and, except as otherwise provided in this Lease, and shall be surrendered with the Premises, as a part thereof, unless Landlord notifies Tenant at the time it approves the Alterations or Future Tenant Improvements that Landlord will require Tenant to remove such Alterations or Future Tenant Improvements at the end of the Term; provided. Notwithstanding anything contained herein to the contrary, howeverprovided the wall and door configuration shown on Tenant’s Final Plans for its Tenant Improvements are materially consistent with the wall and door configuration shown on the attached Exhibit A, Landlord may, by written notice to agrees the only Tenant at least thirty (30) days prior to the end of the Term, require Improvements which Tenant will be required to remove any Alterations or Tenant Improvements designated by Landlord to be removed at the time expiration or early termination of Landlord’s approval thereofthis Lease are the server room rack, and to the data or telecommunications cabling as provided for below. Tenant shall repair any damage to the Premises, the Building Property and any other part of the Park Place Project Property caused by the removal of any such removalTenant Improvements, Alterations or Future Tenant Improvements all at Tenant’s sole expense and to the reasonable satisfaction of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises as part of the Tenant Improvements or otherwise, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is not in default hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached installed in the Premises pursuant to or built into the PremisesExhibit D, Landlord and Tenant shall each own undivided interests in such Tenant Improvements to the extent, in the case of Landlord, provided or paid for by Landlord, and, in the case of Tenant, the portion of the cost of and such Tenant Improvements paid for by Tenant. For purposes shall become part of the insurance requirements Premises leased to Tenant hereunder. Landlord may, in its sole discretion, require Tenant to remove any data or telecommunications cable at the end of Section 11.5, Landlord shall be deemed to have an insurable interest in all of the Tenant Improvements and Alterations in the Premises during the Term, as between provided that Landlord and Tenantshall provide written notice requesting the removal of such cable no less than sixty (60) days before the end of the Term. If Landlord does not provide such written request, and Tenant shall have no obligation to remove any cable. The obligations of Tenant under this Section 10.2 shall survive the same shall be surrendered with the Premises on expiration or earlier termination of this Lease, as set forth abovethe Term.

Appears in 1 contract

Samples: Office Lease (Sailpoint Technologies Holdings, Inc.)

Removal and Surrender of Fixtures and Alterations. All Alterations and all Tenant Improvements installed in the Premises pursuant to Exhibit D, which are attached to, or built into, the Premises, shall at the end of the Term become the property of Landlord and, except as otherwise provided in this Lease, and shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, Landlord may, by written notice to Tenant at least thirty (30) 30 days prior to the end of the Term, require Tenant to remove any Alterations or Tenant Improvements designated by Landlord to be removed at the time of Landlord’s approval thereof, and any other improvements not generally found in a first-class office building, and to repair any damage to the Premises, the Building Property and any other part of the Park Place Project Property caused by such removal, all at Tenant’s sole expense and to the reasonable satisfaction of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises as part of the Tenant Improvements or otherwise, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is not in default hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached installed in the Premises pursuant to or built into the PremisesExhibit D, Landlord and Tenant shall each own undivided interests in such Tenant Improvements to the extent, in the case of Landlord, provided of the Tenant Improvement Allowance paid to or paid for by Landlordon behalf of Tenant, and, in the case of Tenant, the portion of the cost of such Tenant Improvements paid for by Tenant. For purposes of the insurance requirements of Section 11.5this Lease, Landlord Tenant shall be deemed to have an insurable interest in all of the Tenant Improvements and Alterations in the Premises during the TermPremises, as between Landlord and Tenant, and but the same shall be surrendered with the Premises on termination of this Lease, as set forth above.. 9.3

Appears in 1 contract

Samples: Office Lease (Lincoln National Corp)

Removal and Surrender of Fixtures and Alterations. All The removal and/or surrender of Alterations and all Tenant Subtenant Improvements installed in the Premises which are attached to, or built into, the Premises, shall become the property of Landlord and, except as otherwise provided in this Lease, shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, Landlord may, Sublease Term shall be governed by written notice to Tenant at least thirty (30) days prior to the end of the Term, require Tenant to remove any Alterations or Tenant Improvements designated by Landlord to be removed at the time of Prime Landlord’s approval thereof, and to repair any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal, all at Tenant’s sole expense and to the reasonable satisfaction of LandlordConsent. Any articles of personal property including business and trade fixtures not attached to, or built into, the Subleased Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant Subtenant in the Subleased Premises as part of the Tenant Subtenant Improvements or otherwise, otherwise shall be and remain the property of Tenant Subtenant and may be removed by Tenant Subtenant at any time during the Sublease Term as long as Tenant Subtenant is not in default hereunder (following the lapse of any applicable notice and cure periodsperiods provided for hereunder) and provided that Tenant repairs Subtenant repairs, which repairs, in the case of such removal prior to Landlordthe end of the Prime Lease term, must be to Sublandlord’s reasonable satisfaction (which shall be deemed satisfied if Prime Landlord is satisfied), any damage to the Subleased Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Subtenant Improvements attached to or built into installed in the Subleased Premises, Landlord Sublandlord and Tenant Subtenant shall each own undivided interests in such Tenant Subtenant Improvements to the extent, in the case of LandlordSublandlord, provided or paid for by LandlordSublandlord, and, in the case of TenantSubtenant, the portion of the cost of such Tenant Subtenant Improvements paid for by TenantSubtenant. For purposes of the insurance requirements of Section 11.511.2, Landlord Subtenant shall be deemed to have an insurable interest in all of the Tenant Subtenant Improvements and Alterations in the Subleased Premises during the Term, as between Landlord and Tenant, and the same shall be surrendered with the Premises on termination of this Lease, as set forth above.

Appears in 1 contract

Samples: Place Sublease (New Century Financial Corp)

Removal and Surrender of Fixtures and Alterations. All Alterations and all Tenant Improvements tenant improvements installed in the Premises which are attached to, or built into, the Premises, shall become the property of Landlord and, except as otherwise provided in this Lease, and shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, Landlord may, by written notice to Tenant Tenant’s subtenants at least thirty (30) days prior to the end of the Term, require Tenant Tenant’s subtenants to remove any Alterations or Tenant Improvements tenant improvements designated by Landlord to be removed at the time of Landlord’s approval thereof, and to repair any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal, all at Tenantsuch subtenant’s sole expense and to the reasonable satisfaction of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant Tenant’s subtenants in the Premises as part of (within the respective subleased premises) at such respective subtenant’s sole expense and which were not installed in connection with a credit or allowance granted by Landlord or in replacement for an item which Tenant Improvements or otherwisewould not have been entitled to remove, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is not in default hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached to or built into tenant improvements installed in the Premises, Landlord and Tenant shall each own undivided interests in such Tenant Improvements tenant improvements to the extent, in the case of Landlord, provided or paid for or provided by Landlord, and, in the case of Tenant, to the portion of the cost of such Tenant Improvements extent paid for by Tenant. For purposes of the insurance requirements of Section 11.510.2, Landlord Tenant’s subtenants shall be deemed to have an insurable interest in all of the Tenant Improvements tenant improvements and Alterations in the Premises during the TermPremises, as between Landlord and Tenant, and but the same shall be surrendered with the Premises on termination of this Lease, as set forth above.

Appears in 1 contract

Samples: Work Letter Agreement (MPG Office Trust, Inc.)

Removal and Surrender of Fixtures and Alterations. All Alterations and all Tenant Improvements installed in the Premises which are attached to, or built into, the Premises, shall become the property of Landlord and, except as otherwise provided in this Lease, and shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, Landlord may, by written notice to Tenant at least thirty (30) days prior to the end of the Term, require Tenant to remove any Alterations or Tenant Improvements designated by Landlord to be removed at the time of Landlord’s approval thereof, and to repair any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal, all at Tenant’s sole expense and to the reasonable satisfaction of Landlord. Notwithstanding the foregoing, Landlord may not require Tenant to remove (i) any improvements existing in the Premises on the Delivery Date, (ii) any Tenant Improvement or any Alteration which is a normal and customary improvement for a business office, and/or (iii) structural improvements made to the Building. Any articles of personal property including business and trade fixtures (not attached to, or built into, the Premises), machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises as part of the Tenant Improvements or otherwise, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is an Event of Default under Section 22.1 does not in default exist hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached to or built into However, upon such surrender of the Premises, upon surrender of the Premises, Tenant shall not be required to paint walls or replace wall or floor coverings, nor patch walls or floors unless Tenant has caused damage thereto in excess of damage normally incident to removal of furniture, fixtures and equipment from, and vacation of premises by, tenants generally. On the termination of this Lease, Landlord and Tenant shall each own undivided interests in such Tenant Improvements to the extent, in the case of Landlord, provided or paid for by Landlord, and, in the case of Tenant, the portion of the cost of such Tenant Improvements paid for by Tenant. For purposes of the insurance requirements of Section 11.511.2, Landlord Tenant shall be deemed to have an insurable interest in all of the Tenant Improvements and Alterations in the Premises during the TermPremises, as between Landlord and Tenant, and but the same shall be surrendered with the Premises on termination of this Lease, as to the extent set forth above.

Appears in 1 contract

Samples: Office Lease (Maguire Properties Inc)

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Removal and Surrender of Fixtures and Alterations. All Any Alterations and all the Tenant Improvements installed in the Premises pursuant to Exhibit D, and/or tenant improvements which are made to any additional space leased by Tenant in excess of the Rentable Area of the Premises (“Future Tenant Improvements”), which are attached to, or built into, the Premises, shall at the end of the Term become the property of Landlord and, except as otherwise provided in this Lease, and shall be surrendered with the Premises, as a part thereofunless Landlord notifies Tenant at the time it approves the Alterations, Tenant Improvements or Future Tenant Improvements that Landlord will require Tenant to remove such Alterations, Tenant Improvements or Future Tenant Improvements at the end of the Term; provided, however, Landlord may, by written notice to . Tenant at least thirty (30) days prior to the end of the Term, require Tenant to remove any Alterations or Tenant Improvements designated by Landlord to be removed at the time of Landlord’s approval thereof, and to shall repair any damage to the Premises, the Building Property and any other part of the Park Place Project Property caused by the removal of any such removalTenant Improvements, Alterations or Future Tenant Improvements all at Tenant’s sole expense and to the reasonable satisfaction of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises as part of the Tenant Improvements or otherwise, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is not in default hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached installed in the Premises pursuant to or built into the PremisesExhibit D, Landlord and Tenant shall each own undivided interests in such Tenant Improvements to the extent, in the case of Landlord, provided or paid for by Landlord, and, in the case of Tenant, the portion of the cost of and such Tenant Improvements paid for by Tenant. For purposes shall become part of the insurance requirements Premises leased to Tenant hereunder. Landlord may, in its sole discretion, require Tenant to remove any data or telecommunications cable at the end of Section 11.5, Landlord shall be deemed to have an insurable interest in all of the Tenant Improvements and Alterations in the Premises during the Term, as between provided that Landlord and Tenantshall provide written notice requesting the removal of such cable no less than sixty (60) days before the end of the Term. If Landlord does not provide such written request, and Tenant shall have no obligation to remove any cable. The obligations of Tenant under this Section 10.2 shall survive the same shall be surrendered with the Premises on expiration or earlier termination of this Lease, as set forth abovethe Term.

Appears in 1 contract

Samples: Office Lease (BigCommerce Holdings, Inc.)

Removal and Surrender of Fixtures and Alterations. All Alterations and all Tenant Improvements installed in the Premises which are attached to, or built into, the Premises, shall become the property of Landlord and, except as otherwise provided in this Lease, shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, Landlord may, by written notice to Tenant at least thirty (30) days prior to the end of the Term, require Tenant to remove any Alterations or Tenant Improvements designated by Landlord to be removed at (but not any Alteration or Tenant Improvements unless the time of Landlord’s approval thereofsame are not likely to be usable by a subsequent single floor general office tenant), and to repair any damage to the Premises, the Building Property Building, and any other part of the Park Place Project caused by such removal, all at Tenant’s sole expense and to the reasonable satisfaction of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises as part of the Tenant Improvements or otherwise, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is not in default hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached to or built into the Premises, Landlord and Tenant shall each own undivided interests in such Tenant Improvements to the extent, in the case of Landlord, provided or paid for by Landlord, and, in the case of Tenant, the portion of the cost of such Tenant Improvements paid for by Tenant. For purposes of the insurance requirements of Section 11.511.2, Landlord Tenant shall be deemed to have an insurable interest in all of the Tenant Improvements and Alterations in the Premises during the Term, as between Landlord and Tenant, and the same shall be surrendered with the Premises on termination of this Lease, as set forth above.

Appears in 1 contract

Samples: Office Lease (Genius Products Inc)

Removal and Surrender of Fixtures and Alterations. All Alterations and all Tenant Improvements installed in the Premises which are attached to, or built into, the Premises, shall become the property of Landlord and, except as otherwise provided in this Lease, and shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, Landlord may, by written notice to Tenant at least thirty (30) days prior to the end of the Term, require Tenant to remove any Alterations or Tenant Improvements designated by Landlord to be removed at the time of Landlord’s approval thereofthereof and any other improvements not generally found in a first-class office building, and to repair any damage to the Premises, Premises and the Building Property and any other part of the Park Place Project caused by such removal, all at Tenant’s sole expense and to the reasonable satisfaction of Landlord. Any articles of personal property including business and trade fixtures not attached to, or built into, the Premises, machinery and equipment, free-standing cabinet work, and movable partitions, which were installed by Tenant in the Premises as part of the at Tenant’s sole expense and which were not installed in connection with a credit or allowance granted by Landlord or in replacement for an item which Tenant Improvements or otherwisewould not have been entitled to remove, shall be and remain the property of Tenant and may be removed by Tenant at any time during the Term as long as Tenant is not in default hereunder (following the lapse of any applicable notice and cure periods) and provided that Tenant repairs to Landlord’s reasonable satisfaction any damage to the Premises, the Building Property and any other part of the Park Place Project caused by such removal. With respect to Tenant Improvements attached to or built into installed in the Premises, Landlord and Tenant shall each own undivided interests in such Tenant Improvements to the extent, in the case of Landlord, provided or paid for or provided by Landlord, and, in the case of Tenant, to the portion of the cost of such Tenant Improvements extent paid for by Tenant. For purposes of the insurance requirements of Section 11.511.2, Landlord Tenant shall be deemed to have an insurable interest in all of the Tenant Improvements and Alterations in the Premises during the TermPremises, as between Landlord and Tenant, and but the same shall be surrendered with the Premises on termination of this Lease, as set forth above.

Appears in 1 contract

Samples: Office Lease (TrueCar, Inc.)

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