Removal by Tenant. All alterations, decorations, additions and improvements made by the Tenant, or made by the Landlord on the Tenant’s behalf by agreement under this Lease, shall remain the property of the Tenant for the Term, or any extension or renewal thereof. Any alterations, decorations, additions and improvements made by Tenant or previous tenant, if applicable, shall not be removed from the Premises without Landlord’s prior written consent. During the Term, Tenant shall not remove any of its trade fixtures or other personal property, without the immediate replacement thereof with comparable fixtures or property. Upon expiration of this Lease, or any renewal term thereof, at Landlord’s option, Tenant shall remove all such alterations, decorations, additions, and improvements, and restore the Premises as provided in Section 15.01 hereof. If the Tenant fails to remove such alterations, decorations, additions and improvements and restore the Premises, then upon the expiration of this Lease, and upon Tenant’s vacation of the Premises, all such alterations, decorations, additions and improvements shall become the property of Landlord and Tenant shall reimburse Landlord for the cost of removal and/or storage of such alterations, decorations, additions and improvements.
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Samples: Lease Agreement (Cinemark Holdings, Inc.), Lease Agreement (Cinemark Holdings, Inc.), Lease Agreement (Cinemark Holdings, Inc.)
Removal by Tenant. All alterations, decorations, additions and improvements made by Tenant shall be deemed to be attached to the Tenant, or made by the Landlord on the Tenant’s behalf by agreement under this Lease, shall remain Leasehold and to have become the property of the Tenant for the TermLandlord upon such attachment, or except any extension or renewal thereof. Any alterations, decorations, additions and improvements made trade fixtures installed by Tenant or previous tenant, if applicable, shall not be removed from the Premises without Landlord’s prior written consent. During the Term, Tenant shall not remove any of its trade fixtures or other personal property, without the immediate replacement thereof with comparable fixtures or property. Upon and upon expiration of this Lease, Lease or any renewal term thereof, at Landlord’s option, Tenant shall remove all such alterations, decorations, additions, and improvements, and restore the Premises as provided in Section 15.01 hereof. If the Tenant fails to remove such alterations, decorations, additions and improvements and restore the Premises, then upon the expiration of this Lease, and upon Tenant’s vacation of the Premises, all such alterations, decorations, additions and improvements shall become the property of Landlord and Tenant shall reimburse Landlord for the cost of removal and/or storage any of such alterations, decorations, additions and improvements, except trade fixtures installed by Tenant may be removed provided, however, that Landlord may designate by written notice to Tenant, at the time of Landlord's approval of such improvement, those alterations and additions which shall be removed by Tenant at the expiration or termination of the Lease and Tenant shall promptly remove the same and repair any damage to the Leased Premises caused by such removal. Notwithstanding the foregoing, Landlord hereby expressly acknowledges that Tenant shall have the sole insurable interest in the trade fixtures and leasehold improvements and betterments installed in the Leased Premises by Tenant, or at Tenant's directions, or at Tenant's expense, and that in the event of any damage to or destruction of the Leased Premises, Tenant shall be entitled to retain all insurance proceeds with respect to such trade fixtures and leasehold improvements and betterments.
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Samples: Lease (Metavante Corp)
Removal by Tenant. All alterations, decorations, fixtures, additions and improvements made by the Tenant, or made by the Landlord Owner on the Tenant’s 's behalf by agreement under this Lease, whether temporary or permanent in character, and whether or not affixed to the Premises (except furnishings, trade fixtures and equipment installed by Tenant, including, but not limited to machines, display cases and signs) shall remain the property of the Tenant for the Term, or any extension or renewal thereof. Any alterations, decorations, additions Owner and improvements made by Tenant or previous tenant, if applicable, shall not be removed from the Premises without Landlord’s Owner's prior written consent. During the Term, Tenant shall not remove any of its trade fixtures or other personal property, without the immediate replacement thereof with comparable fixtures or property. Upon expiration of this Lease, or any renewal term thereof, at LandlordOwner’s option, Tenant shall remove all such alterations, decorations, additions, and improvements, and restore the Premises as provided in Section 15.01 hereofPremises. If upon the expiration of this Lease, Tenant fails to remove such alterations, decorations, additions and improvements and restore the Premises, then upon the expiration of this Lease, and upon Tenant’s vacation of the Premises, all such alterations, decorations, additions and improvements shall become the property of Landlord and Tenant shall promptly reimburse Landlord Owner for the cost of removal and/or storage of such alterations, decorations, additions and improvementsrestoration.
Appears in 1 contract
Samples: Standard Shopping Center Lease