REMOVAL AND SURRENDER OF FIXTURES AND TENANT ALTERATIONS. All Tenant Alterations and Tenant Work installed in the Premises pursuant to Landlord's Work Letter, which are attached to, or built into, the Premises, including without limitation, floor coverings, draperies, wall coverings, paneling, molding, doors, vaults (excluding vault doors), plumbing systems, electrical systems, mechanical systems, lighting systems, sound equipment, communication systems and outlets for the systems mentioned above and for all telephone, radio, telegraph and television purposes, and any special flooring or ceiling installations, shall become the property of Landlord and shall be surrendered with the Premises, as a part thereof, at the end of the Term. 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 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 would 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 and provided that Tenant repairs any damage to the Premises or the Building caused by such removal. With respect to Tenant Work installed in the Premises pursuant to Landlord's Work Letter, Landlord and Tenant shall each own undivided interests in such Tenant Work to the extent, in the case of Landlord, of the Allowance (as defined in Landlord's Work Letter) paid to or on behalf of Tenant, and, in the case of Tenant, the portion of the cost of such Tenant Work paid for by Tenant. For purposes of the insurance requirements of Section 11.2(b), Tenant shall be deemed to have an insurable interest in all of the Tenant Work and Tenant Alterations in the Premises, as between Landlord and Tenant, but the same shall be surrendered with the Premises on termination of this Lease, as set forth above.
Appears in 3 contracts
Samples: Office Lease (Vestin Group Inc), Office Lease (Vestin Group Inc), Office Lease (Vestin Group Inc)
REMOVAL AND SURRENDER OF FIXTURES AND TENANT ALTERATIONS. All Tenant Alterations and Tenant Work other work or improvements installed in the Premises pursuant to Landlord's Work Letter, which are attached to, or built into, into the Premises, including including, without limitation, floor coverings, draperies, wall coverings, paneling, molding, doors, vaults doors (excluding vault including garage doors), vaults, plumbing systems, electrical systems, mechanical systems, lighting systems, sound equipment, built-in communication systems and cabling, and outlets for the systems mentioned above and for all telephone, radio, telegraph computer and television purposes, and any special flooring or ceiling installations, shall become the property of Landlord and shall be surrendered with the Premises, as a part thereof, at the end of the Lease Term; provided, however, Landlord may, as a condition to approving any proposed Tenant Alteration, require that such alteration be removed by Tenant upon the expiration or termination of the Lease Term. Tenant shall repair any damage to the Premises caused by such removal, all at Tenant's sole expense. 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 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 would 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 Lease Term as long as Tenant is not in default hereunder and provided that Tenant repairs any damage to the Premises or the Building caused by such removal. With respect to Tenant Work installed in the Premises pursuant to Landlord's Work Letter, Landlord and Tenant shall each own undivided interests in such Tenant Work to the extent, in the case of Landlord, of the Allowance (as defined in Landlord's Work Letter) paid to or on behalf of Tenant, and, in the case of Tenant, the portion of the cost of such Tenant Work paid for by Tenant. For purposes of the insurance requirements of Section 11.2(b)9.2, Tenant shall be deemed to have an insurable interest in all of the Tenant Work and Tenant Alterations in the Premises, as between Landlord and Tenant, but the same shall be surrendered with the Premises on termination of this Lease, as set forth above.
Appears in 1 contract
Samples: Lease Agreement (Cross Continent Auto Retailers Inc M&l)
REMOVAL AND SURRENDER OF FIXTURES AND TENANT ALTERATIONS. All Tenant Alterations and Tenant Work installed in the Premises pursuant to Landlord's ’s Work Letter, which are attached to, or built into, the Premises, including without limitation, floor coverings, draperies, wall coverings, paneling, molding, doors, vaults (excluding vault doors), plumbing systems, electrical systems, mechanical systems, lighting systems, sound equipment, communication systems and outlets for the systems mentioned above and for all telephone, radio, telegraph and television purposes, and any special flooring or ceiling installations, shall become the property of Landlord and shall be surrendered with the Premises, as a part thereof, at the end of the Term. 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 at Tenant's ’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 would 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 and provided that Tenant repairs any damage to the Premises or the Building caused by such removal. With respect to Tenant Work installed in the Premises pursuant to Landlord's ’s Work Letter, Landlord and Tenant shall each own undivided interests in such Tenant Work to the extent, in the case of Landlord, of the Allowance (as defined in Landlord's ’s Work Letter) paid to or on behalf of Tenant, and, in the case of Tenant, the portion of the cost of such Tenant Work paid for by Tenant. For purposes of the insurance requirements of Section 11.2(b), Tenant shall be deemed to have an insurable interest in all of the Tenant Work and Tenant Alterations in the Premises, as between Landlord and Tenant, 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 (Vestin Fund Iii LLC)
REMOVAL AND SURRENDER OF FIXTURES AND TENANT ALTERATIONS. All Tenant Alterations and Tenant Work other work or improvements installed in the Premises pursuant to Landlord's Work Letter, which are attached to, or built into, into the Premises so that the same may not be removed without substantial damage to the Premises, including including, without limitation, floor coverings, draperies, wall coverings, paneling, molding, doors, vaults doors (excluding vault including garage doors), vaults, plumbing systems, electrical systems, mechanical systems, lighting systems, sound equipment, built-in communication systems and cabling and outlets for the systems mentioned above and for all telephone, radio, telegraph computer and television purposes, and any special flooring or ceiling installations, shall become the property of Landlord and shall be surrendered with the Premises, as a part thereof, at the end of the Lease Term; provided that Landlord may, as a condition to approving any proposed alteration, require that such alteration be removed by Tenant upon the end of the Lease Term. 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 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 would 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 Lease Term as long as Tenant is not in default hereunder and provided that Tenant repairs any material damage to the Premises or the Building caused by such removal. With respect to Tenant Work installed in the Premises pursuant to Landlord's Work Letter, Landlord and Tenant shall each own undivided interests in such Tenant Work to the extent, in the case of Landlord, of the Allowance (as defined in Landlord's Work Letter) paid to or on behalf of Tenant, and, in the case of Tenant, the portion of the cost of such Tenant Work paid for by Tenant. For purposes of the insurance requirements of Section 11.2(b)9.2, Tenant shall be deemed to have an insurable interest in all of the Tenant Work and Tenant Alterations in the Premises, as between Landlord and Tenant, but the same shall be surrendered with the Premises on termination of this Lease, as set forth above.
Appears in 1 contract
Samples: Triple Net Lease Agreement (Cross Continent Auto Retailers Inc M&l)
REMOVAL AND SURRENDER OF FIXTURES AND TENANT ALTERATIONS. All -------------------------------------------------------- Tenant Alterations and Tenant Work tenant improvements installed in the Premises pursuant to Landlord's Work Letter, by Landlord which are attached to, or built into, the Premises, including without limitation, floor coverings, draperieswindow coverings, wall coverings, paneling, molding, doors, vaults (excluding vault doors), plumbing systems, electrical systems, mechanical systems, structural systems, lighting systems, sound equipment, communication systems and outlets for the systems mentioned above and for all telephone, computer, radio, telegraph and television purposes, and any special flooring or ceiling installations, shall become the property of Landlord and shall be surrendered with the Premises, as a part thereof, at the end of the Term; provided, however, (i) Landlord may, by notice to Tenant at least thirty (30) days prior to the end of the Term, require Tenant to remove any Tenant Alterations designated by Landlord to be removed at the time of Landlord's approval thereof (with respect to such Tenant Alterations as to which Landlord has a right of approval hereunder) or designated in such notice (for all Tenant Alterations as to which Landlord does not have a right of approval hereunder) if such improvements are not generally found in the highest category of premiere, first-class office building in the Golden Triangle area and on Maple Drive in Beverly Hills, California, and to repair any damage to the Premises, the Building and any other part of the Project caused by such removal, all at Tenant's sole expense and to the reasonable satisfaction of Landlord and (ii) Tenant shall promptly remove from the Premises all signs and graphics and any other items containing Tenant's name and/or logo and shall repair any damage to the Premises or the Project caused by such removal, all at Tenant's sole expense and to the reasonable satisfaction of Landlord. Any articles of Tenant's 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 at partitions as well as all equipment for 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 would not have been entitled to removenetwork operating center, if any, 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 and provided that Tenant repairs to Landlord's satisfaction any damage to the Premises or Premises, the Building and any other part of the Project caused by such removal. With respect to Tenant Work installed in the Premises pursuant to Landlord's Work Letter, Landlord and Tenant shall each own undivided interests in such Tenant Work to the extent, in the case of Landlord, of the Allowance (as defined in Landlord's Work Letter) paid to or on behalf of Tenant, and, in the case of Tenant, the portion of the cost of such Tenant Work paid for by Tenant. For purposes of the insurance requirements of Section 11.2(b)11.2, Tenant shall be ------------ deemed to have an insurable interest in all of the Tenant Work tenant improvements and Tenant Alterations in the Premises, as between Landlord and Tenant, but the same shall be surrendered with the Premises on termination of this Lease, as set forth above.
Appears in 1 contract
Samples: Lease (Global Crossing LTD)