Surrender at End of Ground Lease. Subject to Section 6.4 and subject and subordinate to Section 23 and the rights of any Leasehold Lender under any Leasehold Mortgage, the Tenant shall and will on the last day of the Initial Term, or if extended, on the last day of the Extended Term hereof, surrender and deliver the Project Site to the Landlord, in good condition as is reasonably practicable (except as provided in Section 6.5 or Section 13), excepting normal wear and tear. If this Ground Lease is terminated for any reason or upon the expiration of the Initial Term and/or Extended Term (if extended) of this Ground Lease, the Tenant shall in good faith proceed with (i) any removal of the Facility and any and all Improvements and (ii) restoration, if any, of the Project Site to its condition prior to construction of the Facility and/or Improvements, in accordance with Applicable Laws. During the Removal Period, the Tenant shall have all access rights to the Project Site that are necessary to remove any and all of Tenant’s Property, including the Facility and/or Improvements. The Tenant shall also comply as required by any federal regulations of the Federal Energy Regulatory Commission or any other federal authority with respect to the Facility on the Project Site.
Appears in 4 contracts
Samples: Ground Lease Agreement (Venture Global, Inc.), Ground Lease Agreement (Venture Global, Inc.), Ground Lease Agreement (Venture Global, Inc.)
Surrender at End of Ground Lease. Subject to Section 6.4 and subject and subordinate to Section 23 and the rights of any Leasehold Lender under any Leasehold Mortgage, the Tenant shall and will on the last day of the Initial Term, or if extended, on the last day of the Extended Term hereof, surrender and deliver the Project Site to the Landlord, in good condition as is reasonably practicable (except as provided in Section 6.5 or Section 13), excepting normal wear and tear. If this Ground Lease is terminated for any reason or upon the expiration of the Initial Term and/or Extended Term (if extended) of this Ground LeaseTerm, the Tenant shall in good faith proceed with (i) any removal of the Facility Facilities and any and all Improvements and (ii) restoration, if any, of the Project Site to its condition prior to construction of the Facility Facilities and/or Improvements, including with respect to any movement of dirt, dredging or other activities performed by the Tenant as described in Section 8.3(a), in accordance with Applicable LawsLaw. During the Removal Period, the Tenant shall have all access rights to the Project Site that are necessary to remove any and all of the Tenant’s Property, including the Facility Facilities and/or Improvements. The Tenant shall also comply as required by any federal regulations of the Federal Energy Regulatory Commission or any other federal authority with respect to the Facility Facilities on the Project Site.
Appears in 2 contracts
Samples: Ground Lease Agreement (Venture Global, Inc.), Ground Lease Agreement (Venture Global, Inc.)
Surrender at End of Ground Lease. Subject to Section 6.4 and subject and subordinate to Section 23 and the rights of any Leasehold Lender under any Leasehold Mortgage, the Tenant shall and will on the last day of the Initial Term, or if extended, on the last day of the Extended Term hereof, surrender and deliver the Project Site to the Landlord, in good condition as is reasonably practicable (except as provided in Section 6.5 or Section 13), excepting normal wear and tear. If this Ground Lease is terminated for any reason or upon the expiration of the Initial Term and/or Extended Term (if extended) of this Ground Lease, the Tenant shall in good faith proceed with (i) any removal of the Facility and any and all Improvements and (ii) restoration, if any, of the Project Site to its condition prior to construction of the Facility and/or Improvements, in accordance with Applicable Laws. During the Removal Period, the The Tenant shall have all access rights to the Project Site site that are necessary to remove any and all of the Tenant’s Property, Property including the Facility and/or Improvements. The Tenant shall also comply as required by any federal regulations of the Federal Energy Regulatory Commission or any other federal authority with respect to the Facility on the Project Site.
Appears in 2 contracts
Samples: Ground Lease Agreement (Venture Global, Inc.), Ground Lease Agreement (Venture Global, Inc.)
Surrender at End of Ground Lease. Subject to Section 6.4 and subject and subordinate to Section 23 and the rights of any Leasehold Lender under any Leasehold Mortgage6.4, the Tenant shall and will on the last day of the Initial Term, or if extended, on the last day of the Extended Term hereof, surrender and deliver the Project Site to the Landlord, in good the condition of the Site as is reasonably practicable (except as provided in Section 6.5 or Section 13)of the Ground Lease Commencement Date, excepting normal wear and tear. If this Ground Lease is terminated for any reason or upon the expiration of the Initial Term and/or Extended Term (if extended) of this Ground Lease, the Tenant shall in good faith proceed with Landlord may elect (ia) to retain all or any removal portion of the Facility Facilities and Improvements on the Site, including docking material, bulkhead and buildings, or (b) to require the Tenant to remove all or any portion of the Facilities and all Improvements and (ii) restorationotherwise restore the Site as set forth in the first sentence of this Section 7.1, if any, including any areas of the Project Site to its condition prior to construction of excavated by the Facility and/or Improvements, in accordance with Applicable LawsTenant during the Term. During the Removal Period, the The Tenant shall have all access rights to the Project Site that are necessary to remove any and or all of the Tenant’s Property, including the Facility Facilities and/or Improvements. The Tenant shall provide such reasonable cooperation and information as requested by the Landlord with respect to the restoration of any excavated portion of the Site and the preservation of the Landlord’s ownership rights thereto. The Tenant shall also comply as required by any federal regulations of the Federal Energy Regulatory Commission or any other federal authority with respect to the Facility Facilities on the Project Site.
Appears in 2 contracts
Samples: Ground Lease Agreement (Venture Global, Inc.), Ground Lease Agreement (Venture Global, Inc.)
Surrender at End of Ground Lease. Subject to Section 6.4 and subject and subordinate to Section 23 and the rights of any Leasehold Lender under any Leasehold Mortgage, the Tenant shall and will on the last day of the Initial Term, or if extended, on the last day of the Extended Term hereof, surrender and deliver the Project Site to the Landlord, in good condition as is reasonably practicable (except as provided in Section 6.5 or Section 13), excepting normal wear and tear. If this Ground Lease is terminated for any reason or upon the expiration of the Initial Term and/or Extended Term (if extended) of this Ground Lease, the Tenant shall in good faith proceed with (i) any removal of the Facility and any and all Improvements and (ii) restoration, if any, of the Project Site to its condition prior to construction of the Facility and/or Improvements, in accordance with Applicable Laws. During the Removal Period, the The Tenant shall have all access rights to the Project Site that are necessary to remove any and all of the Tenant’s Property, including the Facility and/or Improvements. The Tenant shall also comply as required by any federal regulations of the Federal Energy Regulatory Commission or any other federal authority with respect to the Facility on the Project Site.
Appears in 2 contracts
Samples: Ground Lease Agreement (Venture Global, Inc.), Ground Lease Agreement (Venture Global, Inc.)