Surrender Obligations Sample Clauses
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Surrender Obligations. As of the date of this Agreement, Tenant has vacated the Prime Premises and, in connection therewith, Tenant has decommissioned the Prime Premises and (a) furnished to Landlord and Subtenant that certain “Divestiture Environmental Site Assessment”, dated November 15, 2011, prepared by Environmental Resources Management (ERM) with respect to the decommissioning of the Premises and (b) submitted to the Radiation Control Program of the Department of Public Health of the Commonwealth of Massachusetts a request for termination of Materials License No. 55-0255 with supporting documents and (c) obtained from the Radiation Control Program of the Department of Public Health of the Commonwealth of Massachusetts an Amendment No. 04 dated October 19, 2011 terminating License No. 55-0558 (collectively, the “Decommissioning Report Materials”). On the basis of the Decommissioning Report Materials and Landlord’s inspection of the Premises, (i) Landlord acknowledges that, as of the date of this Agreement, the Prime Premises are in a condition that would satisfy Tenant’s surrender obligations under Section 7.4 of the Prime Lease.
Surrender Obligations. Notwithstanding the terms of Sections 8.5, 15.2, and 29.32 of the Original Lease, Tenant shall (i) not be obligated to remove any Specialty Alterations or other Alterations or improvements from the Premises (or repair any damage caused by such removal), including, without limitation, the Building Bridges and Bridge Structures, (ii) not remove any Lines (as that term is defined in Section 29.32 of the Original Lease) or any kitchens or cafeterias in the Premises, and (iii) continue to be obligated to remove all other of Tenant's Property (as defined in Section 15.2 of the Original Lease) prior to the Surrender Date, but shall not be obligated to repair any damage caused by such removal, except for any of such Tenant's Property, if any, that Tenant agrees to sell to the New Tenant.
Surrender Obligations. Since Tenant will be occupying the Premises prior to the commencement of the Lease Term during the term of the Sublease, Seagate will not be completing any surrender work as required under section 15.1 of the Seagate Lease. Tenant hereby assumes all such surrender obligations and covenants and agrees to complete such surrender obligations under section 15.1 of the Master Lease as well as under section 15.2 of the Lease even though all or any portion of such work may have accrued during Seagate’s occupancy of the Premises under the Seagate Lease.
Surrender Obligations. In the event Tenant timely exercises Tenant’s Option to Terminate as set forth herein, Tenant agrees to surrender the Leased Premises to Landlord, free and clear of Tenant’s occupancy or the occupancy of any subtenants, as of the early termination date, and shall comply with all surrender requirements as outlined in Paragraphs 5 (“Acceptance and Surrender of Premises”), 7 (“Alterations and Additions”) and 44 (“Hazardous Materials”) of this Lease.
Surrender Obligations. 26.1 Notwithstanding any contrary or inconsistent language in this Lease, the obligation of the Tenant to remove alterations, improvements, equipment and fixtures upon any termination of this Lease and the rights of the Landlord to elect that alterations, improvements, equipment and fixtures installed by Tenant in the Demised Premises shall be left in place upon any termination of the Lease shall be unchanged from those obligations and rights as they exist under the terms of the Comdisco Lease, a true and complete copy of which is annexed hereto, as Schedule “F” and the terms of which are incorporated herein for purposes of reference with respect to the restoration issues only. The rights of the parties respecting all future alterations, improvements and fixtures installed by the Tenant shall continue to be determined under the provisions of the Comdisco Lease throughout the Term of this Lease and all option terms provided for by this Lease.
26.2 Notwithstanding the foregoing and notwithstanding anything to the contrary in the Comdisco Lease, the Tenant shall not be permitted or required to remove the conduits and the wiring from the public right of way to the Building at the Demised Premises, and the conduits and wiring therein running from the Building to the buildings located at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, shall not be removed at the Termination Date and shall become the sole property of the Landlord from and after the Termination Date.
Surrender Obligations. At the expiration or earlier termination of the Term, Lessee, at ▇▇▇▇▇▇’s sole expense, shall cause all Hazardous Substances at the Premises to be in compliance with Environmental Laws, which may include ongoing compliance with an environmental hazard management plan or similar requirements approved by the applicable Government agency, except that Lessee shall not be responsible for any Pre-Existing Hazardous Substances Condition or Unrelated Hazardous Substance Discharge. Lessee shall dispose of all Hazardous Substances required to be removed by Lessee under this Section 9.3 in accordance with all Environmental Laws. Lessee shall cause to be repaired any damage to the Premises caused by such removal. Prior to surrendering the Premises, Lessee shall clean up and/or remediate the Premises to the environmental condition it was in as of the Commencement Date, as established by the environmental studies and assessments conducted by Lessee prior to the Commencement Date (including the Phase 1 and/or Phase 2 environmental site assessments of the Premises conducted by ▇▇▇▇▇▇), as necessary for the unrestricted use of the Premises under Environmental Laws; provided, that, notwithstanding the foregoing, ▇▇▇▇▇▇’s clean up obligations under this Section 9.3 shall exclude the Improvements if Lessor shall have elected to accept the Improvements in their “as is, where is” condition as of the Scheduled Expiration Date pursuant to Section 7.2 of this Lease.
Surrender Obligations. Subject to the terms and conditions herein, Tenant shall be responsible for relinquishing the Premises in the condition required under Lease Paragraphs 8 ("Acceptance and Surrender of Premises"), 9 ("Alterations and Additions") and 53 ("Hazardous Materials"); provided, however, that Tenant's payment for the Restoration Work (as defined below) in the manner provided immediately below shall constitute satisfaction of its obligations under Paragraphs 8 and 9. Prior to the execution of this Amendment, Landlord and Tenant shall conduct a joint inspection of the Premises to determine the extent of the work required by Tenant to comply with the provisions of said Paragraphs 8 and 9 ("Restoration Work"). In lieu of Tenant completing the required Restoration Work and pursuant to the terms herein, the parties hereto agree that Tenant shall pay Landlord for the estimated cost of the Restoration Work based on estimates received from Landlord's contractors. The Termination Fee referenced in Paragraph 2 ("Termination Fee") includes a Restoration Allowance (as defined in said Paragraph 2) of $100,000 , which sum represents Tenant's entire liability for completion of the Restoration Work. Tenant understands and acknowledges that Tenant will not receive a refund or credit on any portion of the Restoration Allowance that may exceed the estimated costs for the Restoration Work. For Example: if the estimated costs for the Restoration Work is $95,000.00 ($5,000.00 less than the Restoration Allowance), Tenant would not be entitled to receive a credit or refund. Tenant shall be required to surrender the Premises no later than the Early Termination Date in broom clean condition and free of all personal property belonging to Tenant (except for the Personal Property to be transferred to Landlord pursuant to Paragraph 3 ("Tenant's Personal Property to be Transferred to Landlord") below); however, Tenant shall be liable for any damage to the Premises that occurs from the date of this Amendment to the Early Termination Date (or any earlier date of surrender) caused by Tenant or its employees, agents, contractors or guests, to the extent such damage increases the cost of repair and restoration of the Premises above the amount of the Restoration Allowance.
Surrender Obligations. On or prior to the Effective Termination Date, the Tenant shall surrender the Premises to the Landlord with the Personal Property, but otherwise vacant and in broom clean condition and in compliance with the terms and conditions of the Lease (collectively, the "Surrender Obligations").
Surrender Obligations. On or prior to the Effective Termination Date, the Tenant shall surrender the Premises to the Landlord vacant and in broom clean condition and otherwise in compliance with the terms and conditions of the Lease (collectively, the "Surrender Obligations"). Without limiting such Surrender Obligations, on or prior to the Effective Termination Date the Tenant shall remove all of Tenant's personal property and shall repair any damage to the Premises caused by such removal, provided that Tenant may leave at the Premises those pieces of its furniture which Tenant has conveyed to Performix Technologies, Inc. ("Performix") and which Performix has accepted pursuant to a separate written agreement between Tenant and Performix.
Surrender Obligations. Notwithstanding anything to the contrary contained in this Sublease, in no event shall Sublessee's obligation to surrender the Premises require Sublessee to repair or restore the Premises to a condition better than the condition in which the Premises existed as of the Commencement Date. Additionally, Sublessee shall not be required to remove, at the expiration of the Term or otherwise, alterations or improvements in the Premises made by or for the account of Sublessor or any predecessor to Sublessor prior to the Commencement Date.