Common use of Removal of Fixtures and Improvements Clause in Contracts

Removal of Fixtures and Improvements. Leasehold Improvements shall immediately become the property of the Landlord upon affixation or installation without compensation therefor to the Tenant but the Landlord is under no obligation to repair, maintain or insure Leasehold Improvements. Leasehold Improvements shall not be removed from the Leased Premises either during or at the expiration or earlier termination of the Term, except that the Tenant shall, at the end of the Term, remove such Leasehold Improvements installed or constructed by or on behalf of the Tenant as the Landlord may require to be removed. The Tenant may, during the Term, remove its trade fixtures provided that the Tenant is not in default under this Lease and such trade fixtures are immediately replaced by trade fixtures of equal or better value. The Tenant shall at the expiration or earlier termination of the Term remove its trade fixtures as the Landlord may require. Any removal of Leasehold Improvements and/or the Tenant’s trade fixtures shall be done at the Tenant’s sole cost and expense and the Tenant shall forthwith repair at its own cost any damage caused to the Leased Premises or the Building or any part thereof by the installation or removal of Leasehold Improvements and/or trade fixtures. If the Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, then the trade fixtures shall, at the option of the Landlord, become the property of the Landlord and may be removed from the Leased Premises and/or sold or otherwise disposed of by the Landlord in such manner as it deems advisable. For greater certainty, the Tenant’s trade fixtures shall not include any heating, ventilating or air-conditioning equipment or other building services or floor covering affixed to the floor of the Leased Premises. The obligations of the Tenant set forth in this Section shall survive the expiry or other termination of the Term.

Appears in 2 contracts

Samples: Lease Agreement (Repare Therapeutics Inc.), Lease Agreement (Repare Therapeutics Inc.)

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Removal of Fixtures and Improvements. All Leasehold Improvements in or upon the Leased Premises shall immediately upon affixation be and become the Landlord’s property of the Landlord upon affixation or installation without compensation therefor to the Tenant but Tenant. Except to the extent otherwise expressly agreed by the Landlord is under in writing no obligation to repair, maintain or insure Leasehold Improvements. Leasehold Improvements , trade fixtures, furniture or equipment shall not be removed by the Tenant from the Leased Premises either during or at the expiration or earlier termination of the Term, Term except that (1) the Tenant shall at the end of the Term remove its trade fixtures, (2) the Tenant shall at the end of the Term remove such Non-Standard Leasehold Improvements (as defined below) as the Landlord shall require to be removed, and (3) the Tenant shall remove its furniture and equipment at the end of the Term (provided that in the event the Tenant does not so remove its furniture and equipment at the end of the Term the Landlord shall have the right, at its sole discretion and without any liability whatsoever to the Tenant, to remove and dispose of any property left in the Leased Premises by the Tenant, at the Tenant’s cost and expense) and may remove its furniture and equipment during the Term in the usual and normal course of its business where such furniture or equipment has become excess for the Tenant’s purposes or the Tenant is substituting therefor new furniture and equipment. The Tenant shall, in the case of every removal either during or at the end of the Term, remove such Leasehold Improvements installed or constructed make good any damage caused to the Leased Premises by or on behalf the installation and removal. Provided that upon the termination of this Lease, the Tenant as Tenant, if requested by the Landlord may require to be removed. The Tenant may, during the Term, remove its trade fixtures provided that the Tenant is not in default under this Lease and such trade fixtures are immediately replaced by trade fixtures of equal or better value. The Tenant shall at the expiration or earlier termination of the Term remove its trade fixtures as the Landlord may require. Any removal of Leasehold Improvements and/or the Tenant’s trade fixtures shall be done at the Tenant’s sole cost and expense expense, shall restore the interior of the Leased Premises to its former condition immediately prior to the installation of such alterations or changes, including the restoration of such standard fixtures as may have been installed by the Landlord, and if not so requested, any such changes or alterations shall become the property of the Landlord, or alternatively, the Tenant shall forthwith repair at its own cost any damage caused to the Leased Premises or the Building or any part thereof by the installation or removal of Leasehold Improvements and/or trade fixturesinstall such comparable fixtures and materials as may then be in use. If the Tenant does not remove its trade fixtures For clarity, at the expiration or earlier termination of the Term, then the trade fixtures shall, at the option of the Landlord, become the property of the Landlord and may Tenant shall not be removed from required to restore the Leased Premises and/or sold to base building condition or otherwise disposed of by the Landlord in such manner as it deems advisable. For greater certainty, the Tenant’s trade fixtures shall not include be required to or be entitled to remove any heating, ventilating or air-conditioning equipment or other building services or floor covering affixed Leasehold Improvements installed prior to the floor of the Leased Premises. The obligations of the Tenant set forth Commencement Date, save and except as provided in this Section shall survive the expiry or other termination of the Term8.4 below.

Appears in 2 contracts

Samples: Indemnity Agreement (PointClickCare Corp.), Indemnity Agreement (PointClickCare Corp.)

Removal of Fixtures and Improvements. Leasehold Improvements shall immediately become the property of the Landlord upon affixation or installation without compensation therefor to the Tenant but the Landlord is under no obligation to repair, maintain or insure Leasehold Lease hold Improvements. Leasehold Improvements shall not be removed from the Leased Premises either during or at the expiration or earlier termination of the Term, except that the Tenant shall, at the end of the Term, remove such Leasehold Improvements installed or constructed by or on behalf of the Tenant Tenant's as the Landlord may require to be removed. The Tenant may, during the Term, remove its trade fixtures provided that the Tenant is not in default under this Lease and such trade fixtures are immediately replaced by trade fixtures of equal or better value. The Tenant shall at the expiration or earlier termination of the Term remove its trade fixtures as the Landlord may require. Any removal of Tenant's trade fixtures or Leasehold Improvements and/or the Tenant’s trade fixtures shall be done at the Tenant’s 's sole cost and expense and the Tenant shall forthwith repair at its own cost any damage caused to the Leased Premises or the Building or any part thereof by the installation or removal of trade fixtures or Leasehold Improvements and/or trade fixturesImprovements. If the Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, then the trade fixtures shall, at the option of the Landlord, become the property of the Landlord and may be removed from the Leased Premises and/or sold or otherwise disposed of by the Landlord in such manner as it deems advisable. For greater certainty, the Tenant’s 's trade fixtures shall not include any heating, ventilating or air-conditioning equipment or other building services or floor covering affixed to the floor of the Leased Premises. The obligations of the Tenant set forth in this Section shall survive the expiry or other termination of the Term. Notwithstanding the foregoing, the Tenant shall not be required to remove the Leasehold Improvements in existence on the commencement date, or any other Leasehold Improvements installed by the Tenant which the Landlord has agreed in writing, are not required to be removed.

Appears in 1 contract

Samples: Tarpon Industries, Inc.

Removal of Fixtures and Improvements. Leasehold Improvements shall immediately become the property of the Landlord upon affixation or installation without compensation therefor to the Tenant but the Landlord is under no obligation to repair, maintain or insure Leasehold Improvements. Leasehold Improvements shall not be removed from the Leased Premises either during or at the expiration or earlier termination of the Term, except that the Tenant shall, at the end of the Term, remove such Leasehold Improvements installed or constructed by or on behalf of the Tenant Tenant, as the Landlord may require to be removed. The Tenant may, during the Term, remove its trade fixtures provided that the Tenant is not in default under this Lease and such trade fixtures are immediately replaced by trade fixtures of equal or better value. The Tenant shall at the expiration or earlier termination of the Term remove its trade fixtures as the Landlord may require. Any removal of Leasehold Improvements and/or the Tenant’s 's trade fixtures shall be done at the Tenant’s 's sole cost and expense and the Tenant shall forthwith repair at its own cost any damage caused to the Leased Premises or the Building or any part thereof by the installation or removal of Leasehold Improvements and/or trade fixtures. If the Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, then the trade fixtures shall, at the option of the Landlord, become the property of the Landlord and may be removed from the Leased Premises and/or sold or otherwise disposed of by the Landlord in such manner as it deems advisable. For greater certainty, the Tenant’s 's trade fixtures shall not include any heating, ventilating or air-conditioning equipment or other building services or floor covering affixed to the floor of the Leased Premises. The obligations of the Tenant set forth in this Section shall survive the expiry or other termination of the Term.

Appears in 1 contract

Samples: Hydrogenics Corp

Removal of Fixtures and Improvements. 6.06 Leasehold Improvements shall immediately become the property of the Landlord upon affixation or installation without compensation therefor to the Tenant but the Landlord is under no obligation to repair, maintain or insure Leasehold Improvements. Leasehold Improvements shall not be removed from the Leased Premises either during or at the expiration or earlier termination of the Term, except that the Tenant shall, at the end of the Term, Term remove such Leasehold Improvements installed or constructed by or on behalf of the Tenant as the Landlord may require to be removed, provided that the Tenant shall not be required to remove any Change made to the Leased Premises after the Commencement Date which the Landlord has approved prior to their installation as not requiring removal. The Tenant may, during the Term, remove its trade fixtures provided that the Tenant is not in default under this Lease and such trade fixtures are immediately replaced by trade fixtures of equal or better value. The Tenant shall at the expiration or earlier termination of the Term remove its trade fixtures as the Landlord may require. Any removal of Leasehold Improvements and/or the Tenant’s 's trade fixtures shall be done at the Tenant’s 's sole cost and expense and the Tenant shall forthwith repair at its own cost any damage caused to the Leased Premises or the Building or any part thereof by the installation or removal of Leasehold Improvements and/or trade fixtures. If the Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, then the trade fixtures shall, at the option of the Landlord, become the property of the Landlord and may be removed from the Leased Premises and/or sold or otherwise disposed of by the Landlord in such manner as it deems advisable. For greater certainty, the Tenant’s 's trade fixtures shall not include any heating, ventilating or air-conditioning equipment or other building services or floor covering affixed to the floor of the Leased Premises. The obligations of the Tenant set forth in this Section shall survive the expiry or other termination of the Term.

Appears in 1 contract

Samples: Lease Agreement (Childrens Place Retail Stores Inc)

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Removal of Fixtures and Improvements. All Leasehold Improvements in or upon the Leased Premises shall immediately upon termination of this lease be and become the Landlord's property of the Landlord upon affixation or installation without compensation therefor to the Tenant but Tenant. Except to the extent otherwise expressly agreed by the Landlord is under in writing no obligation to repair, maintain or insure Leasehold Improvements. Leasehold Improvements , trade fixtures, furniture or equipment shall not be removed by the Tenant from the Leased Premises either during or at the expiration or earlier termination of the Term, Term except that (1) the Tenant shall at the end of the Term remove its trade fixtures, and (2) the Tenant shall remove its furniture and equipment at the end of the Term and may remove its furniture and equipment during the Term in the usual and normal course of its business where such furniture or equipment has become excess for the Tenant's purposes or the Tenant is substituting therefor new furniture and equipment. It is understood that the Tenant, as of the termination of this Lease, will surrender the Leased Premises free from any obligation to remove or demolish the original existing, as of the Commencement Date, leasehold improvements. The Tenant shall, in the case of every removal either during or at the end of the Term, remove such Leasehold Improvements installed or constructed by or on behalf of the Tenant as the Landlord may require to be removed. The Tenant may, during the Term, remove its trade fixtures provided that the Tenant is not in default under this Lease and such trade fixtures are immediately replaced by trade fixtures of equal or better value. The Tenant shall at the expiration or earlier termination of the Term remove its trade fixtures as the Landlord may require. Any removal of Leasehold Improvements and/or the Tenant’s trade fixtures shall be done at the Tenant’s sole cost and expense and the Tenant shall forthwith repair at its own cost make good any damage caused to the Leased Premises or the Building or any part thereof by the installation or removal of Leasehold Improvements and/or trade fixturesand removal. If Provided that upon the Tenant does not remove its trade fixtures at the expiration or earlier termination of this Lease, the TermTenant, then the trade fixtures shall, at the option of if requested by the Landlord, shall restore any subsequent alterations to its former condition immediately prior to the installation of such subsequent alterations or changes, including the restoration of such standard fixtures as may have been installed by the Landlord, and if not so requested, any such changes or alterations shall become the property of the Landlord and may be removed from the Leased Premises and/or sold Landlord, or otherwise disposed of by the Landlord in such manner as it deems advisable. For greater certaintyalternatively, the Tenant’s trade Tenant shall install such comparable fixtures shall not include any heating, ventilating or air-conditioning equipment or other building services or floor covering affixed to the floor of the Leased Premises. The obligations of the Tenant set forth and materials as may then be in this Section shall survive the expiry or other termination of the Termuse.

Appears in 1 contract

Samples: Lease (Changepoint Corp)

Removal of Fixtures and Improvements. All Leasehold Improvements in or upon the Leased Premises shall immediately upon the expiry of the Term or earlier termination of this Lease, be and become the Landlord's property of the Landlord upon affixation or installation without compensation therefor to the Tenant but Tenant. Except to the extent otherwise expressly agreed by the Landlord is under in writing no obligation to repair, maintain or insure Leasehold Improvements. Leasehold Improvements , trade fixtures, furniture or equipment shall not be removed by the Tenant from the Leased Premises either during or at the expiration or earlier termination of the Term, Term except that (1) the Tenant shall at the end of the Term remove its trade fixtures, and (2) the Tenant shall remove its furniture and equipment at the end of the Term and may remove its furniture and equipment during the Term in the usual and normal course of its business where such furniture or equipment has become excess for the Tenant's purposes or the Tenant is substituting therefor new furniture and equipment. The Tenant shall, in the case of every removal either during or at the end of the Term, remove such Leasehold Improvements installed or constructed by or on behalf of the Tenant as the Landlord may require to be removed. The Tenant may, during the Term, remove its trade fixtures provided that the Tenant is not in default under this Lease and such trade fixtures are immediately replaced by trade fixtures of equal or better value. The Tenant shall at the expiration or earlier termination of the Term remove its trade fixtures as the Landlord may require. Any removal of Leasehold Improvements and/or the Tenant’s trade fixtures shall be done at the Tenant’s sole cost and expense and the Tenant shall forthwith repair at its own cost make good any damage caused to the Leased Premises or the Building or any part thereof by the installation or removal of Leasehold Improvements and/or trade fixturesand removal. If Provided that upon the Tenant does not remove its trade fixtures at the expiration or earlier termination of this Lease, the TermTenant, then the trade fixtures shall, at the option of if requested by the Landlord, shall restore the interior of the Leased Premises to its former condition immediately prior to the installation of such alterations or changes, including the restoration of such standard fixtures as may have been installed by the Landlord, and if not so requested, any such changes or alterations shall become the property of the Landlord Landlord, or alternatively, the Tenant shall install such comparable fixtures and materials as may then be removed from in use. Notwithstanding any of the Leased Premises and/or sold foregoing provisions or otherwise disposed of any other provisions in this Lease, it is understood and agreed that the Tenant shall not be required to remove those Leasehold Improvements approved by the Landlord in such manner as it deems advisable. For greater certainty, the Tenant’s trade fixtures shall not include any heating, ventilating or air-conditioning equipment or other building services or floor covering affixed prior to the floor of the Leased Premises. The obligations of the Tenant set forth in this Section shall survive the expiry or other termination of the Termtheir construction.

Appears in 1 contract

Samples: Lease (Certicom Corp)

Removal of Fixtures and Improvements. 6.05 Leasehold Improvements shall immediately become the property of the Landlord upon affixation or installation without compensation therefor to the Tenant but the Landlord is under no obligation to repair, maintain or insure such Leasehold Improvements. Such Leasehold Improvements shall not be removed from the Leased Premises either during or at the expiration or earlier termination of the Term, except that the Tenant shall, at the end of the Term, Term remove such Leasehold Leaseholdd Improvements installed or constructed by or on behalf after the commencement of the Tenant Term as the Landlord may require to be removed. The Tenant may, during the Term, remove its trade fixtures provided that the Tenant is not in default under this Lease and such trade fixtures are immediately replaced by trade fixtures of equal or better value. The Tenant shall at the expiration or earlier termination of the Term remove its trade fixtures as the Landlord may require. Any removal of such Leasehold Improvements and/or and the Tenant’s 's trade fixtures shall be done at the Tenant’s 's sole cost and expense and the Tenant shall forthwith repair at its own cost make good any damage caused to the Leased Premises or the Building or any part thereof by the installation or removal of such Leasehold Improvements and/or and trade fixtures. If the Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, then Term the trade fixtures shall, at the option of the Landlord, become the property propoerty of the Landlord and may be removed from the Leased Premises and/or and sold or otherwise disposed of by the Landlord in such manner as it deems advisable. For greater certainty, the Tenant’s 's trade fixtures shall not include any heating, ventilating or and air-conditioning equipment or other building services or floor covering affixed to the floor of the Leased Premises. The obligations of the Tenant set forth in this Section herein shall survive the expiry or other termination of the Term.

Appears in 1 contract

Samples: Indenture (Sidus Systems Inc)

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