Common use of Removal of Equipment Clause in Contracts

Removal of Equipment. 35.1 In the event of expiration or termination of this Lease, for any reason whatsoever, and upon condition that: (1) All sums of money due COLT by Lessee under this Lease shall have been paid to and acknowledged by COLT; and (2) All of Lessee’s covenants and obligations to COLT under this Lease have been fully kept and performed to the reasonable satisfaction of COLT; then Lessee shall have the right to remove from the Premises described herein, within one (1) year after said expiration or termination, all of Lessee’s structures, equipment, machinery, improvements, and other property of Lessee which Lessee may have placed upon the Premises during the term of this Lease. 35.2 If Lessee does not remove said structures, equipment, machinery, improvements, and other property of Lessee from the Premises, as provided above, Lessee irrevocably agrees that COLT, at its sole option, shall be deemed the sole owner of said property remaining on the Premises, and COLT shall have the additional right, at its sole option, to remove the property at Lessee’s expense or to sell such of Lessee’s property remaining on the Premises as is necessary to defray the cost(s) of removal of all or any part of the remaining aforementioned property.

Removal of Equipment. 35.1 34.1 In the event of expiration or termination of this Lease, for any reason whatsoever, and upon condition that: (1) All sums of money due COLT RUGER by Lessee under this Lease shall have been paid to and acknowledged by COLTRUGER; and (2) All of Lessee’s covenants and obligations to COLT RUGER under this Lease have been fully kept and performed to the reasonable satisfaction of COLTRUGER; then Lessee shall have the right to remove from the Premises described herein, within one (1) year after said expiration or termination, all of Lessee’s structures, equipment, machinery, improvements, and other property of Lessee which Lessee may have placed upon the Premises during the term of this Lease. 35.2 34.2 If Lessee does not remove said structures, equipment, machinery, improvements, and other property of Lessee from the Premises, as provided above, Lessee irrevocably agrees that COLTRUGER, at its sole option, shall be deemed the sole owner of said property remaining on the Premises, and COLT RUGER shall have the additional right, at its sole option, to remove the property at Lessee’s expense or to sell such of Lessee’s property remaining on the Premises as is necessary to defray the cost(s) of removal of all or any part of the remaining aforementioned property.

Removal of Equipment. 35.1 39.1 In the event of expiration or termination of this Lease, for any reason whatsoever, and upon condition that: (1) All sums of money due COLT RGGS by the Lessee under this Lease shall have been paid to and acknowledged by COLTRGGS; and (2) All of Lessee’s covenants and obligations to COLT RGGS under this Lease have been fully kept and performed to the reasonable satisfaction of COLTRGGS; then the Lessee shall have the right to remove from the Premises described herein, within one (1) year after said expiration or termination, all of Lessee’s structures, equipment, machinery, improvements, and other property of Lessee which the Lessee may have placed upon the Premises during the term of this Lease. 35.2 39.2 If Lessee does not remove said structures, equipment, machinery, improvements, and other property of Lessee from the Premises, as provided above, Lessee irrevocably agrees that COLTRGGS, at its sole option, shall be deemed the sole owner of said property remaining on the Premises, and COLT RGGS shall have the additional right, at its sole option, to remove the property at Lessee’s expense or to sell such of Lessee’s property remaining on the Premises as is necessary to defray the cost(s) of removal of all or any part of the remaining aforementioned property.

Removal of Equipment. 35.1 In 16.1 Upon the event of expiration or termination of this Lease, for any reason whatsoever, and upon the condition that: (1a) All sums of money due COLT the Lessor by the Lessee under this Lease shall have been paid to and acknowledged by COLT; paid, and (2b) All of Lessee’s covenants and obligations to COLT under this Lease have been fully kept and performed to Lessor’s reasonable satisfaction, and Lessee is not in default of any term or condition herein at the reasonable satisfaction time of COLT; then the expiration of this Lease, then: Lessee shall have the right obligation to remove from the Surface Premises described herein, within one ninety (190) year days after said expiration or termination, all of Lessee’s structures, equipment, machinery, improvements, improvements and other property of Lessee which Lessee may have placed upon on the Surface Premises during the term of this Lease. 35.2 16.2 If Lessee does not remove said structures, equipment, machinery, improvements, and other property of Lessee from the Surface Premises, as provided above, Lessee irrevocably agrees that COLTLessor, at its sole option, shall be deemed the sole owner of said property remaining on the Surface Premises, and COLT Lessor shall have the additional right, at its sole option, to remove the property at Lessee’s expense or to sell such of Lessee’s property remaining on the Surface Premises as is necessary to defray the cost(s) of removal of all or any part of the remaining aforementioned property.