REMOVED PROPERTY. The City is hereby authorized, in its sole discretion, to remove a portion of the Property (“Removed Property”) from this Agreement at any time, provided that the City and the owner of the Removed Property concurrently enter into a modified development agreement governing the development and use of the Removed Property. The remaining portion of the Property, which has not been removed from this Agreement as described above, shall continue to be bound by the terms of this Agreement.
REMOVED PROPERTY. In the event of re-entry and removal of the articles found on the Premises as hereinbefore provided, Lessee hereby authorizes and requests Lessor to sell the same at public or private sale with or without notice, and the proceeds thereof, after paying the expenses of removal, storage and sale to apply towards the rent reserved herein, sending the overplus, if any, to Lessee upon demand.
REMOVED PROPERTY. Any and all property which may be removed from the Premises by Landlord pursuant to the authority of this Lease or of Law, to which Tenant is or may be entitled, may be handled, removed or stored by Landlord at the sole risk, cost and expense of Tenant, and Landlord shall in no event be responsible for the value, preservation or safekeeping thereof. Tenant shall pay to Landlord, upon demand, any and all expenses incurred in such removal and all storage charges against such property so long as the same shall be in Landlord's possession or under the Landlord's control. Any such property of Tenant not removed from the Premises or retaken from storage by Tenant within thirty (30) days after the end of the Term or of Tenant's right to possession of the Premises, however terminated, shall be conclusively deemed to have been forever abandoned by Tenant and either may be retained by Landlord as its property or may be disposed of in such manner as Landlord may see fit.
REMOVED PROPERTY. Notwithstanding the foregoing or anything contained herein to the contrary, Seller and Xxxxx acknowledge and agree that (a) the properties located at 0000 00xx Xxx. S., St. Petersburg, FL 33712 and 6710-0000 X. Xxxxx Dr., Missouri City, TX 77489 (each as set forth on Exhibit A to the Purchase Agreement) each constitutes an “Excluded Property” as of the Amendment Effective Date (the “Post-Signing Removed Property Designation Date”) and the provisions of Section 2.9 of the Purchase Agreement shall apply to each such “Excluded Property” and (b) on and after the Post-Signing Removed Property Designation Date, the Parties will have no further rights or obligations under the Purchase Agreement with respect to each such Excluded Property except for those obligations expressly set forth in the Purchase Agreement with respect to each such Excluded Property and those obligations which expressly survive the termination of the Purchase Agreement with respect to each such Excluded Property. For the avoidance of doubt, the Excluded Property Purchase Price Reduction with respect to the foregoing Excluded Properties is (i) $240,361.00, with respect to the property located at 0000 00xx Xxx. S., St. Petersburg, FL 33712 and (ii) $251,524.00, with respect to the property located at 0000-0000 X. Xxxxx Dr.,
REMOVED PROPERTY
