Restoration of the Premises. On or before the scheduled termination of this Lease, or any variations thereof, the Lessee shall at Lessee’s expense restore the Premises to the original condition, taking into consideration the reasonable wear and tear of the Premises and in accordance to the provisions of this lease. The requirements of restoration in this paragraph shall not exceed the requirements of restoration in the original lease term.
Restoration of the Premises. If the Premises or any part thereof shall be damaged or rendered untenantable by fire or other insured casualty and Tenant gives prompt notice thereof to Landlord and this Lease is not terminated pursuant to any provision of this Article 12, after the collection of the insurance proceeds attributable to such damage, Landlord shall, at its expense (but only to the extent of insurance proceeds made available to Landlord, after deduction therefrom of Landlord’s expenses in obtaining such proceeds and, provided that Landlord shall have carried the insurance it is required to carry under this Lease, and in any event Landlord shall be required to fund the amount of any deductible thereunder), proceed with reasonable diligence to repair or cause to be repaired Landlord’s Restoration Work, and Tenant, at its sole cost and expense, promptly and with due diligence shall proceed to repair or cause to be repaired Tenant’s Restoration Work. Where Landlord is obligated or otherwise elects to effect restoration of the Landlord’s Restoration Work, unless such restoration is completed within one hundred fifty (150%) percent of the period of time in the original Restoration Work Schedule (such period to be subject, however, to extension where the delay in completion of such work is due to Force Majeure or to Tenant Delays; provided, however, that such extension shall be limited to a period of not more than six (6) additional months solely with respect to delays due to Force Majeure), Tenant shall have the right to terminate this Lease at any time after the expiration of such period (as extended) but prior to the time that Landlord’s Restoration Work is substantially completed, such termination to take effect as of the thirtieth (30th) day after such notice is given, with the same force and effect as if such date were the date originally established as the Expiration Date hereof unless, within such thirty (30) day period Landlord’s Restoration Work is substantially completed, in which case Tenant’s notice of termination shall be of no force and effect and this Lease and the Lease Term shall continue in full force and effect.
Restoration of the Premises. The Lessee shall restore the Premises to the condition existing on the Commencement Date, with the exception of ordinary wear and tear, and alterations, improvements and additions which the Lessor has not directed the Lessee in writing to remove.
Restoration of the Premises. In the event that the Premises are damaged by fire or other casualty, Tenant shall give immediate written notice of such damage to Landlord and to any mortgagee of the Premises whose address shall have been furnished it, and Landlord shall proceed with all reasonable diligence to commence and complete restoration of the Premises within one hundred eighty (180) days from the date of such damage, during which restoration period this Lease shall remain in full force and effect, except that Total Rent shall be reduced in proportion to the percentage which the area of the unusable portion of the Premises bears to the area of the entire Premises. Landlords obligation to restore the Premises shall be limited to the scope of Landlord’s original work and to the amount of insurance proceeds actually received, and Tenant shall be entirely responsible for the restoration of improvements by Tenant or Tenant’s personal property. In the event that the Premises cannot be restored within one hundred eighty (180) days of such damage, then either Landlord or Tenant may cancel this Lease effective upon written notice of such cancellation given to the other party.
Restoration of the Premises. 8.1.1 Party B shall contact Party A’s relevant departments (including but not limited to the Property Management Company) for return of the Premises at least thirty (30) days before the expiration or termination of the Term. Regardless of whether Party B has carried out any alteration works or installed any fixtures or attachments to the Premises (with or without Party A’s consent), Party B shall restore the Premises to its original state unless it is notified by Party A in writing that the Premises shall be partially restored or not restored. The restoration of the Premises shall be subject to Exhibit I “Return of the Premises and List of Equipment and Facilities”. Party B shall compensate or repair any damage caused by it to the Premises and any equipment, facilities, appendages, devices or add-ons.
8.1.2 The Parties shall carry out the acceptance of the Premises and sign a handover letter regarding the return of the Premises. Party B shall return to Party A all the keys (if any) to the Building and the Premises.
8.1.3 If Party B fails to return the Premises to Party A in the state agreed in Article 8.1.1 of this Supplementary Agreement, Party A shall have the right to repair and dispose of the Premises appropriately and all expenses and fees arising therefrom shall be borne by Party B. Party A shall have the right to treat such expenses as debts and recover them from Party B.
8.1.4 Unless agreed in writing by Party A, Party B shall not, for any reason, require Party A to purchase any decoration, facilities or property purchased by Party B, or require Party A to pay any decoration compensation when returning the Premises.
Restoration of the Premises. At the conclusion of each Use Period, Producer shall remove all equipment and materials placed on the Premises by Producer and shall restore the Premises to the same condition as when Producer commenced Use of the Premises, unless otherwise agreed by the Parties in writing.
Restoration of the Premises at the end of the Lease
Restoration of the Premises. City shall not be required to remove the Leasehold Improvements upon the expiration or sooner termination of the Lease except those improvements specifically identified on the Approved Space Plans to be removed on the expiration or sooner termination of the Lease.
Restoration of the Premises. Upon the completion of the limited activity described in the Purpose, Scope and Premises section above, or by the date of termination, whichever first occurs, all rights or obligations created under this Agreement shall terminate except for obligations imposed by this Agreement to repair, replace or restore the Premises, structures or improvements thereon. Structures or improvements, if any, currently existing on the Premises which are removed or damaged during the period of this Agreement shall be replaced or repaired, and the Premises restored to its prior condition by User Group upon termination of this Agreement, to the satisfaction of PRD. Upon failure to do so, PRD may perform such work at User Group’s expense. Until said property is removed and the Premises restored, either by User Group or by PRD at User Group’s expense, this Agreement and all terms contained herein, including payment of fees, shall, at PRD’s option, remain in effect until said property is removed and the Premises is restored to its prior condition.
Restoration of the Premises. (i) The Tenant agrees to contribute a minimum $85,000.00 in cash or work-in-kind to the maintenance and/or restoration of the Premises over the initial Term of the Lease. Payment schedule and value attributed to work-in-kind will be determined by the Commissioner, acting reasonably, after consulting with the Tenant. Progress of any fund-raising in respect of this contribution is to be reported on an annual basis to the Commissioner.
(ii) The Tenant shall not undertake any restoration work except as approved by the Commissioner or in accordance with a restoration plan developed by Nexus Architects in 2003 and approved by the Commissioner.
