RETURN OF THE LEASED PROPERTY. The Lessee shall, on the expiration date of the Term, or in its case, on the corresponding date if there has been an early termination, return and deliver the Leased Property to the possession and use of the Lessor, without delay, in the same condition of order and maintenance in which Lessee received it, except for normal wear and tear, effects of the elements and casualties. For such purposes, the parties shall meet in the Building with 180 (one hundred eighty) days prior to expiration date of the Term of this Agreement to verify the condition of the Leased Property. Likewise, all signs, inscriptions, canopies and installations of similar nature made by the Lessee shall be removed on or prior to the expiration date of the Term, in accordance with the provisions of the respective Clause of this Agreement. In the same form, Lessee shall deliver Lessor (i) evidence that all the services to the Leased Property have been duly and fully paid as to the Expiration Date; and (ii) certifications issued by the Environmental Protection Federal Department (“Procuraduría Federal del Medio Ambiente”) and the Ministry of Environment and Natural Resources (“Secretaria del Medio Ambiente y Recursos Naturales”) or any other such governmental authority or environmental consultant that at that moment has the authority issue such certifications, in which shall be evidenced that the Leased Property is free of contaminants and that during the Term of the Lease no contaminant was presented. All furniture, trade fixtures, machinery and business equipment installed by the Lessee shall remain as property of the Lessee, unless the parties agree otherwise in writing, and shall be removed by the Lessee at any time or at the expiration date of the Term and the Lessee shall, at its own cost, repair the damage resulting from the installation or removal of said equipment or fixtures. In the event that at the expiration date of the Term, or in the case of early termination in the terms of the same, the Lessee fails to vacate and deliver the Leased Property to the Lessor in accordance with this Clause, the Lessee will pay to Lessor as damages a monthly amount resulting from multiplying the then current Rent by 2 (two) until it vacates and delivers the Leased Property in accordance with the above. The acceptance of said payment by the Lessor will not imply in any manner whatsoever the waiver by the Lessor of any right to recover the Leased Property.
RETURN OF THE LEASED PROPERTY. 1. Upon the expiration of the Lease Term or the early rescission of this Contract, Party B shall restore the Property to its original condition (except for parts that cannot be restored to their original condition or are not required by Party A to be restored to their original condition, and for normal wear and tear and depreciation) and return it to Party A within the time limit under Article 13 of this Contract.
2. Upon the expiration of the Lease Term or the early rescission of this Contract, Party B shall return the leased Property in good repair to Party A, and jointly inspect the leased Property and its accessory facilities with Party A in accordance with the Memorandum for Property Handover. If any damage is found (except for natural wear and tear), Party B must bear the indemnification liability. If Party B fails to restore the Property to its original condition in accordance with the provisions hereof, and Party A must carry out the restoration of the Property, the costs incurred by Party A during such restoration shall be borne by Party B.
3. Upon the expiration of the Lease Term or the early rescission of this Contract, Party B shall return all keys to the leased Property to Party A.
4. If Party B fails to return the leased Property within the agreed time limit, any decoration, furniture, device, thing, material, equipment or other item of Party B in the leased Property shall be deemed to have been abandoned by Party B. Party A shall have the right to dispose of such items in any manner, and Party B shall not make any objection, hold Party A accountable or demand indemnification by Party A.
5. Time of return of deposit for the lease of Property: within sixty (60) days from the date of return of the leased Property by Party B in accordance with the provisions of this Contract, Party A shall return the deposit to Party B in a lump sum without interest after deducting fees owed but not paid by Party B (Party A shall inform Party B of such fees in writing and obtain written confirmation from Party B).
RETURN OF THE LEASED PROPERTY. Unless agreed otherwise, at the end of the lease the lessee shall be required to return the leased property in basic shell condition as delivered by the lessor upon commencement of the lease, taking into account normal wear and tear, and as stated in the attached table “Requirements for refurbishment at End of lease” (Exhibit 6). Intervest Offices NV/Galapagos NV Addendum 7 (January 2008) Otherwise, all provisions of the aforementioned lease agreement of 06/30/1999 and addenda 1 through 6 shall remain integrally in force, and also applicable to the current agreement, unless otherwise stipulated in the current agreement. For the levying of the registration fees, the total lease costs, at the expense of the lessee, are estimated at 5%. Drawn up in triplicate in Berchem on 01/31/2008, whereby each party acknowledges having received its own copy, and one copy is intended for registration. The Lessor The Lessee Intervest Offices NV, Galapagos NV, /s/ Xxxx-Xxxx Sols /s/ Onno van xx Xxxxxx /s/ Xxx Xxxxxxxxxxx /s/ Xxxx Tas Onno van xx Xxxxxx Xxx Xxxxxxxxxxx CEO CFO [stamp:] GALAPAGOS NV LEGAL Exhibit 1: plan of leased space Exhibit 2: layout plan for parking spaces Exhibit 3: list of demolition work to be performed by lessor Exhibit 4: plan of permitted work Exhibit 5: interior furnishing work instructions Exhibit 6: requirements for refurbishment at end of lease
RETURN OF THE LEASED PROPERTY. Unless agreed otherwise, at the end of the lease the Lessee shall be required to return the leased property in the condition described in the property description prepared upon commencement, taking into account normal wear and tear.
RETURN OF THE LEASED PROPERTY. This Agreement shall be terminated upon complete fulfillment by the Parties of its terms and conditions and otherwise as provided for in this Agreement and the applicable laws of Ukraine.
RETURN OF THE LEASED PROPERTY. 15.1 The Lessee shall hand over the rented premises, complete with all keys, no later than the last day of the lease term, by 12 noon. Any additional keys made shall be handed over to the Lessor without compensation. Where the deadline for return falls on a Saturday, Sunday or bank holiday, the premises shall be returned on the following working day (by 12 noon).
15.2 When surrendering the leased property, the Lessee shall again remove the completed extensions executed by the Lessee without compensation. The additional extensions provided by the Lessor (subitem 2.4b) shall remain part of the leased property. Where installations made by the Lessee (subitem 2.4c) are able to remain in the leased property with the consent of the Lessor, the Lessor shall pay no compensation for such.
15.3 Refurbishment and cleaning work to be undertaken by the Lessee shall be commenced on time so as to be completed by the end of the tenancy. Where, for reasons to be supported by the Lessee, the leased property cannot be handed over to the successor on time, the Lessee shall be liable to the Lessor for any damages arising as a result.
15.4 When surrendering the property, the Lessor--preferably in the presence of the Lessee--shall provide a restitution log, recording the state of the leased property and, in particular, defects and damage for which the Lessee is to pay. The log shall be signed by the Lessee or delivered to him without delay by registered letter. If it is not possible for the Lessee to sign the log, the Lessor can also have a record drawn up by an official expert at the Lessee's expense. Again, this is to be brought to the attention of the Lessee by registered letter. If the Lessee raises no objection within 30 days of delivery of the log, it shall be deemed to have been approved by him.
RETURN OF THE LEASED PROPERTY. 9.1 Party B shall return the Leased Property to Party A upon the termination of this Agreement. If there is no material damage to the Leased Property, Party B may not revert the Leased Property to its original condition.
RETURN OF THE LEASED PROPERTY. 9.1 After the contract ends, either for cause or upon the end of the contract term, or for any other reason whatsoever, except for the reasons enumerated in Clauses 7.2 or 8.1, or as the result of force majeure, Lessee must return all rented property to Lessor in good condition, except for normal wear and tear.
9.2 Lessee must remove all Lessee property from the leased property completely within 90 days from the day the contract terminates. During this period, Lessor will not consider that there has been a violation of the contract, unless termination is the result of Lessee’s decision to purchase the leased property.
9.3 Following termination of this lease and, as provided in Clause 9.2, within 1 month thereafter, if the leased property is not in suitable condition as determined by Lessor, Lessor must notify Lessee of any deficiencies and of the cost of any remediation. Lessee shall be permitted to enter the premises and make repairs to the leased property to restore it to good condition. However, such repairs must be completed within 60 days from the date notification is received. If Lessee is unable to remedy the deficiencies within the allotted time, Lessor may find it appropriate to arrange for repairs of the deficiencies, and have Lessee assume responsibility for the expenses incurred instead of refunding the deposit to Lessee.
9.4 Unless covered by the provisions and conditions set out in Contract Clauses 7.2 and 8.1, if Lessee is unable to return the rented property to Lessor, Lessee agrees to compensate Lessor for damages by paying a daily rental at the rates set out in this contract to Lessor until the leased property has been repaired to a condition satisfactory to Lessor.
RETURN OF THE LEASED PROPERTY. (1) On the termination of the lease, the leased property shall be returned cleared, cleaned and proper condition, in consideration of the normal wear and tear and painted white (wall and ceiling surfaces). Any wiring installed by the Lessee – with the exception of the IT wiring – and similar shall likewise be removed and the original condition according to the last applicable approved planning (Section VII. 8) shall be reinstated.
(2) On the termination of the lease, the Lessee shall submit the officially required and most recently valid inspection reports to the Lessor (in particular, regarding the ventilation, gas pipe, fire extinguisher systems, etc.) If such reports are not available, the Lessor shall be entitled to commission such at the Lessee’s cost.
(3) If excessive wear and tear caused by the Lessee is found in the leased property on the date of the return, the Lessor shall be entitled to invoice any adaptation costs incurred for this reason to the departing Lessee, if the Lessee does not immediately instate the agreed return condition in spite of a request. In that case, the Lessee shall pay these costs within 14 days following invoicing.
(4) If the clearing and return of the leased property is delayed on the termination of the lease, the Lessees shall pay a contract penalty for each month for the duration of the withholding, i.e. until the proper return, in twice the amount of the monthly lease payment (Section III and Section IV), which has been charged on average within the duration of the calendar year preceding the violation of the contract.
(5) On termination of the lease, all keys provided to the Lessee and all keys procured by the Lessee as replacements shall be returned. The number of keys handed over shall be noted in the handover protocol.
RETURN OF THE LEASED PROPERTY
