Common use of Surrender and Holding Over Clause in Contracts

Surrender and Holding Over. 18.01 At the expiration of the tenancy hereby created, whether by lapse of time or otherwise, Tenant shall surrender the Leased Premises in the same condition as the Leased Premises were in upon delivery of possession thereto under this Lease, reasonable wear and tear and insured casualty excepted, and Tenant shall surrender all keys for the Leased Premises to Landlord at the place then fixed for the payment of rent, and Tenant shall inform Landlord of all combinations on locks, safes and vaults, if any, in the Leased Premises. Tenant shall remove all its trade fixtures and/or, at the option of the Landlord, any alteration or improvements installed by Tenant, before surrendering the premises as aforesaid and shall repair any damage to the Leased Premises caused thereby. Tenant's obligation to observe or perform this covenant shall survive the expiration or other termination of the term of this Lease. If Tenant fails to remove such trade fixtures and restore the Leased Premises, then upon the expiration or sooner termination of this Lease, and upon the Tenant's removal from the premises, all such alterations, decorations, additions and improvements shall become the property of the Landlord.

Appears in 3 contracts

Samples: Lease Agreement (Tsi International Software LTD), Lease Agreement (Transwitch Corp /De), Lease Agreement (Information Management Associates Inc)

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Surrender and Holding Over. 18.01 (a) At the expiration or earlier termination of this Sublease, Subtenant shall quit and surrender the Subleased Premises in as good condition as it was at the beginning of the tenancy hereby created, whether by lapse of time Sublease Term or otherwise, Tenant shall surrender the Leased Premises in the same condition as the Leased Premises were in upon delivery of possession thereto under this Leasethereafter improved, reasonable wear and tear and insured damage by casualty excepted, and Tenant shall, to the extent not inconsistent with any specific provision of this Sublease, comply with all of the terms and conditions of the Master Lease regarding surrender of the Premises. Without limitation of any of the foregoing, Subtenant shall surrender on or before the expiration or earlier termination of this Sublease, (i) remove all keys for of Subtenant’s personal property and repair any damage caused by such removal; (ii) at Sublandlord’s request, or if required by Master Landlord, remove all additions, alterations and changes made to the Leased Subleased Premises to Landlord at by or on behalf of Subtenant and repair any damage caused thereby; and (iii) remove all trash and broom sweep the place then fixed for the payment Subleased Premises. If any personal property of rent, and Tenant Subtenant shall inform Landlord of all combinations on locks, safes and vaults, if any, remain in the Leased Premises. Tenant shall remove all its trade fixtures and/orSubleased Premises after the termination of this Sublease, at the option election of Sublandlord, (x) it shall be deemed to have been abandoned by Subtenant and may be retained by Sublandlord as its own property; or (y) such property may be removed and disposed of by Sublandlord at the Landlord, any alteration or improvements installed by Tenant, before surrendering the premises as aforesaid and shall repair any damage to the Leased Premises caused therebyexpense of Subtenant. Tenant's Subtenant’s obligation to observe or perform under this covenant Paragraph 15 shall survive the expiration or other termination of the term of this Lease. If Tenant fails to remove such trade fixtures and restore the Leased Premises, then upon the expiration or sooner earlier termination of this Lease, and upon the Tenant's removal from the premises, all such alterations, decorations, additions and improvements shall become the property of the LandlordSublease.

Appears in 2 contracts

Samples: Sublease (Praxis Precision Medicines, Inc.), Sublease (Praxis Precision Medicines, Inc.)

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Surrender and Holding Over. 18.01 (a) At the expiration or earlier termination of this Sublease, Subtenant shall quit and surrender the Subleased Premises in as good condition as it was at the beginning of the tenancy hereby created, whether by lapse of time Sublease Term or otherwise, Tenant shall surrender the Leased Premises in the same condition as the Leased Premises were in upon delivery of possession thereto under this Leasethereafter improved, reasonable wear and tear and insured damage by casualty excepted, and Tenant shall, to the extent not inconsistent with any specific provision of this Sublease, comply with all of the terms and conditions of the Master Lease regarding surrender of the Premises. Without limitation of any of the foregoing, Subtenant shall surrender on or before the expiration or earlier termination of this Sublease, (i) remove all keys for of Subtenant’s personal property and repair any damage caused by such removal; (ii) at Sublandlord’s request, or if required by Master Landlord, remove all additions, alterations and changes made to the Leased Subleased Premises to Landlord at by or on behalf of Subtenant and repair any damage caused thereby; and (iii) remove all trash and broom sweep the place then fixed for the payment Subleased Premises. If any personal property of rent, and Tenant Subtenant shall inform Landlord of all combinations on locks, safes and vaults, if any, remain in the Leased Premises. Tenant shall remove all its trade fixtures and/orSubleased Premises after the termination of this Sublease, at the option election of Sublandlord, (x) it shall be deemed to have been abandoned by Subtenant and may be retained by Sublandlord as its own property; or (y) such property may be removed and disposed of by Sublandlord at the Landlord, any alteration or improvements installed by Tenant, before surrendering the premises as aforesaid and shall repair any damage to the Leased Premises caused therebyexpense of Subtenant. Tenant's Subtenant’s obligation to observe or perform under this covenant Paragraph 19 shall survive the expiration or other termination of the term of this Lease. If Tenant fails to remove such trade fixtures and restore the Leased Premises, then upon the expiration or sooner earlier termination of this Lease, and upon the Tenant's removal from the premises, all such alterations, decorations, additions and improvements shall become the property of the LandlordSublease.

Appears in 1 contract

Samples: Asset Purchase Agreement (Graphite Bio, Inc.)

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