Return of the Leased Premises. 1. If Party B does not renew the Lease Agreement after expiration or when the Lease Agreement is terminated, Party B shall return the leased premises to Party A on the expiration or termination day. In case of any delay in returning the leased premises, Party A may, at its discretion, enter and recover the leased premises, for which Party B shall have no objection. 2. After the lease expires or the Lease Agreement is terminated, Party B shall unconditionally remove all installed equipment or removable fixtures and restore the leased premises to their original condition before returning the leased premises to Party A. Party B shall not cause any damage to the building and or existing equipment. In addition, Party A is not obligated to purchase or provide any compensation for any renovation or improvements performed by Party B. 3. If Party B does not vacate the leased premises and leaves behind any removable fixtures, equipment and articles in the leased premises after expiration or termination of the Lease Agreement, Party A may dispose the items left on the site as waste, and restore the premises to their original condition, for which all incurred expenses related to such disposal will be borne by Party B.
Appears in 2 contracts
Samples: Office Lease Agreement (Applied Optoelectronics, Inc.), Office Lease Agreement (Applied Optoelectronics, Inc.)
Return of the Leased Premises. 1. If Party B does not renew the Lease Agreement after expiration or when the Lease Agreement is terminated, Party B shall return the leased premises to Party A on the expiration or termination day. In case of any delay in returning the leased premises, Party A may, may at its discretion, discretion enter and recover the leased premises, for which Party B shall have no objection.
2. After the lease expires or the Lease Agreement is terminated, Party B shall unconditionally remove all installed equipment or removable fixtures and restore the leased premises to their original condition before returning the leased premises to Party A. Party B shall not cause any damage to the building and or existing equipment. In addition, Party A is not obligated to purchase or provide any compensation for any renovation or improvements performed by Party B.
3. If Party B does not vacate the leased premises and leaves behind any removable fixtures, equipment and articles in the leased premises after expiration or termination of the Lease Agreement, Party A may dispose the items left on the site as waste, and restore the premises to their original condition, for which all incurred expenses related to such disposal will be borne by Party B.
4. Given that the said Lease Agreement is a renewal of an existing lease, when the said Lease Agreement is terminated or the said Lease Agreement has expired, Party B shall restores the leased premises to the original condition as stated in the original lease.
Appears in 2 contracts
Samples: Office Lease Agreement (Applied Optoelectronics, Inc.), Office Lease Agreement (Applied Optoelectronics, Inc.)
Return of the Leased Premises. 1. If Party B does not renew the Lease Agreement after expiration or when the Lease Agreement is terminated, Party B shall return the leased premises Leased Premises to Party A on the expiration or termination day. In case of any delay in returning the leased premisesLeased Premises, Party A may, at its discretion, enter and recover the leased premises, for Leased Premises to which Party B shall have no objection.
2. After the lease Lease Agreement expires or the Lease Agreement is terminated, Party B shall unconditionally remove all installed equipment or removable fixtures and restore the leased premises Leased Premises to their original condition before returning the leased premises Leased Premises to Party A. Party B shall not cause any damage to the building and or existing equipment. In addition, Party A is not obligated to purchase or provide any compensation for any renovation or improvements performed by Party B.
3. If Party B does not vacate the leased premises Leased Premises and leaves behind any removable fixtures, equipment and articles in the leased premises Leased Premises after expiration or termination of the Lease Agreement, Party A may dispose the items left on the site as waste, and restore the premises Leased Premises to their its original condition, for which all incurred expenses related to such disposal will be borne by Party B.
Appears in 1 contract
Samples: Office Lease Agreement (Applied Optoelectronics, Inc.)