Common use of Return of the Premises Clause in Contracts

Return of the Premises. 9.1 Unless Party A agrees to renewal by Party B and both parties sign a renewal lease contract, Party B shall return the Premises upon expiration or termination of this Contract for any reason. Where Party B delays returning the Premises without the consent of Party A, Party B shall pay Party A the use fees payable during the occupation of the Premises equivalent to two times of the daily rental for each delayed day. Party B agrees that, if it delays in restoring the Premises to its original state and returning the same for 15 days, Party A shall have the right to enter the Premises at its option, meanwhile, Party B shall be deemed to waive the ownership and right of use in the decoration, facilities, equipment in the Premises and other articles that have not been dismantled or removed from the Premises, including equipment and articles deemed the Premises of Party B (regardless of whether they belong to Party B or any third party), and Party A has the right to dispose of them at its own discretion. In case the legitimate interests of any third party are involved, Party B shall be liable for compensating such third party. The expenses incurred by Party A for restoring the Premises to its original state on behalf of Party B shall be borne by the latter. The Premises shall be deemed to have been repossessed upon Party A’s entry into it. 9.2 When returned by Party B, the Premises shall be in the same state as that of after normal use. At the time of return, the Premises shall be inspected and accepted by Party A, and both parties shall settle expenses payable by them respectively.

Return of the Premises. 9.1 Unless Party A agrees to renewal by Party B and both parties sign a lease renewal lease contract, Party B shall return the Premises upon expiration expiry of the lease term of this Contract or termination of this Contract for any reason. Where Party B delays returning the Premises without the consent of Party A, Party B shall pay Party A the use fees payable during the occupation of the Premises equivalent to two times of the daily rental rent for each delayed day. Party B agrees that, if it delays in restoring the Premises to its original state and returning the same for 15 days, Party A shall have the right to enter the Premises at its option, meanwhile, Party B shall be deemed to waive the ownership and right of use in the decoration, facilities, equipment in the Premises and other articles that have not been dismantled or removed from the Premises, including equipment and articles deemed the Premises of Party B (regardless of whether they belong to Party B or any third party), and Party A has the right to dispose of them at its own discretion. In case the legitimate interests of any third party are involved, Party B shall be liable for compensating such third party. The expenses incurred by Party A for restoring the Premises to its original state on behalf of Party B shall be borne by the latter. The Premises shall be deemed to have been repossessed upon Party A’s entry into it. 9.2 When returned by Party B, the Premises shall be in the same state as that of conditions after normal use. At the time of return, the Premises shall be inspected and accepted by Party A, and both parties shall settle expenses payable by them respectively.

Return of the Premises. 9.1 Unless Party A agrees to renewal by At the expiration of the Lease Term or the early termination of this Contract as provided herein, Party B and both parties sign a renewal lease contract, agrees as follows: 24.1 Party B shall return the Premises upon to Party A as provided in Schedule III hereto, demolish and remove the facilities and equipment installed by Party B in the Premises at its own cost no later than the expiration of the Lease Term or termination of the date on which this Contract is terminated earlier, and ensure that the Premises is under good, clean and appropriate-for-use condition (except for any reason. Where normal wear and tear) when returned to Party A. 24.2 If Party B delays returning fails to timely return the Premises and demolish and remove the facilities and equipment installed thereby, Party A shall be entitled to repossess the Premises and authorize a third party to demolish and remove the facilities and equipment at the expense of Party B. If the structure of the Premises is damaged or any loss is incurred when demolishing the facilities and equipment installed by Party B, Party B shall be liable for indemnifications to Party A. Before completion of the removal or demolition work as provided in Schedule III hereto, Party B shall be deemed to be continue occupying the Premises without the consent of Party A. Party A shall be entitled to charge Party B a fee for occupying the Premises in the amount equal to 3 times of the daily rent calculated based on the then applicable rent, and the property management fee shall be charged daily on the basis of the standard fee rate of the Property Company. 24.3 If Party B has outstanding Payables and Party B fails to pay such Payables within 3 days after the written notice of Party A, Party B shall pay agrees to store the items in the Premises to the location designated by Party A. Without paying in full the outstanding Payables, Party A or the use fees payable during Property Company shall be entitled to prohibit Party B from transferring or hiding properties, evacuation without the occupation consent of Party A or the Property Company or such other acts. 24.4 Party A shall notify Party B of the Premises equivalent to two times inventory check of the daily rental for each delayed day. items stored by Party B and such inventory check shall be conducted with the presence of Party B. If Party B fails to present at the inventory check at the time and place designated, Party B agrees that, if it delays that Party A has the sole authority in restoring conducting the Premises inventory check and Party B recognizes the records taken by Party A and such records is binding on Party A. Party A shall be entitled to its original state and returning transfer such items to a location deemed appropriate by Party A for storage purposes. 24.5 If Party B fails to fully pay all the same for 15 daysoutstanding Payables within 30 days after the inventory check by Party A, Party A shall have the right to enter the Premises at its option, meanwhile, Party B shall be deemed to waive the ownership and right of use in the decoration, facilities, equipment in the Premises and other articles that have not been dismantled or removed from the Premises, including equipment and articles deemed the Premises of Party B (regardless of whether they belong to Party B or any third party), and Party A has the right entitled to dispose of them at its own discretion. In case such stored items and the legitimate interests of any third party are involved, Party B proceeds received shall be liable for compensating such third party. The expenses incurred used to set off the amount owned by Party A for restoring B. If the Premises proceeds from the disposal of such stored items are insufficient to its original state on behalf of Party B shall be borne by fully repay the latter. The Premises shall be deemed to have been repossessed upon Party A’s entry into it. 9.2 When returned amount owned by Party B, Party B has the Premises shall be in the same state as that of after normal use. At the time of return, the Premises shall be inspected and accepted by Party A, and both parties shall settle expenses payable by them respectivelyobligations to pay such insufficient amount.