RETURN OF PROPERTY; EXTENSION; HOLDOVER Sample Clauses

RETURN OF PROPERTY; EXTENSION; HOLDOVER. At the end of the Term, unless You exercise the Purchase option, You must promptly deliver the Equipment to RLC, at your expense, at an address designated by RLC, complete and in the same order and condition as when delivered to You, reasonable wear and tear excepted. You shall pay RLC the reasonable costs of repairing or replacing any Equipment that is delivered damaged, broken or missing parts. If at the end of the Term You are not in default and RLC consents, You may return the Equipment to RLC as provided above and RLC will return any Security Deposit less any amounts RLC incurs as a result of repairing or replacing such Equipment. Either RLC or You may terminate the extension by giving the other prior written notice effective as of (a) the date set forth in the notice by RLC, or (b) the last day of the month following RLC’s receipt of Your notice. Your Rent and other obligations, but none of Your rights, will continue if You holdover notwithstanding the expiration or termination of this Agreement (including any extension) until You have redelivered the Equipment to RLC. During Your holdover, Your continuing obligations, at RLC's option, may follow the month-to- month Extension arrangements described above.
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Related to RETURN OF PROPERTY; EXTENSION; HOLDOVER

  • OPERATION OF PROPERTY DURING AGREEMENT PERIOD The Seller will continue to operate the Property and any business conducted on the Property in the manner operated prior to the Agreement and will take no action that would adversely impact the Property, tenants, lender, or business, if any. Any changes, such as renting vacant space, that materially affects the Property or the Buyer's intended use will be permitted only with the Buyer's consent.

  • Extension Term Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

  • Extended Parental Allowance l. Parental Allowance payments made in accordance with the SUB Plan will consist of the following:

  • Extension of Probationary Period The probationary period shall not be extended except in the case of extended illness or injury or compelling personal situation during which time the employee was unable to work. In such cases, the probationary period may be extended for the length of time the ill or injured employee was unable to work.

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

  • Extension of Probation The probationary period shall be regarded as part of the testing process and shall be utilized for closely observing the employee's work, for securing the most effective adjustment of an employee to a new position, and for rejecting any probationary employee whose performance does not meet the required standards of work. The Fire Chief may recommend, and the City Manager may extend, an employee's normal probationary period by a maximum of six months in two-month increments.

  • MAINTENANCE OF CONCESSION PREMISES A. Concessionaire shall preserve and maintain the Concession Premises in good and clean condition, reasonable wear and tear excepted. Concessionaire is solely responsible for the maintenance and cleanliness of the Concession Premises.

  • Return of Property Executive agrees that all property (including without limitation all equipment, tangible proprietary information, documents, records, notes, contracts and computer-generated materials) furnished to or created or prepared by Executive incident to Executive’s employment belongs to the Company and shall be promptly returned to the Company upon termination of Executive’s employment.

  • CONCESSION PAYMENT AND INCREASE A. For the Initial Term of the Agreement, Concessionaire shall pay Department a minimum Concession Payment of Eight Hundred ($800.00) Dollars in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

  • Ground Lease Reserved.

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