Return of Facility Sample Clauses

Return of Facility. Upon termination of this Agreement, the Lessee, at its own expense, shall return the Facility to the Lessor by surrendering the same into the possession of the Lessor free and clear of all Liens and in the condition required by Section 6.01 hereof.
AutoNDA by SimpleDocs
Return of Facility. Unless the Facility shall have been or is being Transferred to Lessee pursuant to this Lease, Lessee shall return the Facility to Lessor or to any transferee or assignee of Lessor on the Termination Date by surrendering the same into the possession of Lessor or such transferee or assignee free and clear of all Liens other than Lessor Liens and Permitted Encumbrances and in the condition required by Section 7.02 and Article X and free of all Hazardous Substances and Hazardous Wastes except those that are present in compliance with law. In addition, at the end of the Term, if requested to do so by Lessor, Lessee shall, at Lessor's risk and expense and without unreasonably interfering with Lessee's operations, dismantle, crate, remove and ship the Facility Assets as specified by Lessor.
Return of Facility. Upon termination of this Agreement, the Operator, at its own expense, shall return the Facility to the Owner by surrendering the same into the possession of the Owner free and clear of all Liens and in the condition required by Section 6.01 hereof.
Return of Facility. In the event that the transactions contemplated in paragraph (a) above are not consummated on or before the Lease Termination Date, and in the event that the Lessee does not elect to purchase the Facility from the Lessor or the Lessor does not elect to sell the Facility to the Lessee pursuant to paragraph (b) above, the Lessee shall return the Facility to the Lessor according to the terms and conditions set forth in Section 8 hereof. Upon the return of the Facility to the Lessor in accordance with Section 8 hereof, the Lessee shall have no obligation to pay any amount to the Lessor with respect to Total Fundings made by the Lessor hereunder.
Return of Facility. 8 Section 5.1. Return........................................................ 8 Section 5.2. Condition Upon Return.......................................
Return of Facility. Section 5.1 Return. Upon the early termination of this Facility Lease pursuant to Section 18.2 or, if the Facility Lessee shall fail to satisfy the requirements set forth in Section 16, the exercise of dispossessory remedies under Section 18.2 on or after the Expiration Date, the Facility Lessee, at its own expense, shall deliver possession of the Facility (together with Modifications to the Facility that shall have become subject to the Head Lease and this Facility Lease pursuant to Section 9 of the Head Lease and Section 8.3 hereof) to the Owner Lessor or any permitted transferee or assignee of the Owner Lessor. The Facility Lessee shall effect delivery of the Facility at its own cost and expense by surrendering the Facility into the possession of the Owner Lessor or such transferee or assignee and by executing and delivering to the Owner Lessor or such transferee or assignee an instrument or instruments in form and substance reasonably acceptable to the Owner Lessor evidencing surrender by the Facility Lessee of the Facility Lessee’s right to the Facility under this Facility Lease and to the possession thereof. In connection with such return, the Facility Lessee shall (a) assign, to the extent permitted by Applicable Law, and shall cooperate with all reasonable requests of the Owner Lessor for purposes of obtaining, or enabling the Equity Investor, the Owner Lessor or such transferees or assignees to obtain, any and all licenses, permits, approvals and consents of any Governmental Entities or other Persons that are or will be required to be obtained by the Equity Investor, the Owner Lessor or such transferee or assignee in connection with the use, operation or maintenance of the Facility on or after such return in compliance with Applicable Law; and (b) provide the Owner Lessor or a permitted transferee or assignee of the Owner Lessor, subject to any equipment manufacturer-imposed conditions of confidentiality, copies of all documents, instruments, plans, maps, specifications, manuals, drawings and other documentary materials relating to the installation, maintenance, operation, construction, design, modification or repair of the Facility or any portion thereof, as shall be in the Facility Lessee’s possession and shall be reasonably appropriate or necessary for the ownership, possession, operation or maintenance of the Facility.
Return of Facility. Lessee, at its own cost and expense, shall return the Facility to Lessor by surrendering the Facility into the possession of Lessor. In connection with such return, Lessee shall (a) assign, to the extent permitted by applicable Law, to Lessor, any and all licenses, permits, approvals and consents of any Governmental Authorities or other Persons that are held in the name of Lessee and are or will be required to be obtained by Lessor in connection with the possession, use, operation or maintenance of the Facility; and (b) provide Lessor with copies of all documents, instruments, plans, maps, specifications, manuals, drawings and other documentary materials relating to the installation, maintenance, operation, construction, design, modification and repair of the Facility, or any portion thereof, as shall be in Lessee's possession or under its control and shall be reasonably appropriate or necessary for the ownership, possession, use, operation or maintenance of the Facility or any component thereof.
AutoNDA by SimpleDocs
Return of Facility. All of the provisions in the Facility Lease governing the return of the Facility to the Lessor will be incorporated into the Facility Sublease mutatis mutandis. References to the "Lessee" in those provisions will be deemed to be references to the Sublessee.
Return of Facility. Lessee shall in connection with any ------------------ transfer of the Facility comply with subsections (a) and (b) below. (a) On the Lease Termination Date and upon any other transfer of the Facility pursuant to the terms hereof, Lessee shall, at its sole cost and expense, return the Facility and the Site to Lessor or to any Person designated by Lessor by surrendering the Facility and the Site into the possession of Lessor or such Person free and clear of all Liens other than Lessor Liens and Permitted Liens, and in the condition required by Article IV. Lessee covenants, during the six-month period after the Lease Termination Date, to cooperate with Lessor or any transferee or assignee of Lessor in order to facilitate the ownership and operation of the Facility and the Site after the expiration of the Lease Term by Lessor or such transferee or assignee of Lessor, as the case may be, including, to the extent it has the right and power to do so, providing all know-how, data and technical information and granting licenses, if any, necessary or useful for the operation and maintenance of the Facility. (b) In connection with any transfer or return of the Facility and the Site to Lessor or to a third party, whether at the end of the Lease Term or otherwise, Lessee will cooperate with Lessor, and will take all actions reasonably requested by Lessor, with respect to such transfer, including taking all actions deemed necessary or advisable by Lessor to confirm and validate the transfer of any Principal Project Agreements not already in the name of Lessor, and all other rights with respect to the Site and the Facility (including without limitation all Governmental Approvals necessary or desirable in connection with operation of the Facility) to Lessor or such third party.
Return of Facility. Upon the expiration of the Lease Term, Lessee, at its own cost and expense, shall return the Diablo Canyon Power Plant to Lessor by surrendering the Diablo Canyon Power Plant into the possession of Lessor. In connection with such return, Lessee shall (a) assign or transfer, to the extent permitted by applicable Law, to Lessor, any and all licenses, permits, approvals and consents of any Governmental Authorities or other Persons that are held in the name of Lessee and are or will be required to be obtained by Lessor in connection with the possession, use, operation or maintenance of the Diablo Canyon Power Plant; and (b) provide Lessor with copies of all documents, instruments, plans, maps, specifications, manuals, drawings and other documentary materials relating to the installation, maintenance, operation, construction, design, modification and repair of the Diablo Canyon Power Plant, or any portion thereof, as shall be in Lessee's possession or under its control and shall be reasonably appropriate or necessary for the ownership, possession, use, operation or maintenance of the Diablo Canyon Power Plant or any component thereof.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!