Common use of Surrender of Project Clause in Contracts

Surrender of Project. Except as otherwise expressly provided in this Agreement, including, particularly, Article X hereof, at the expiration or sooner termination of the Lease Term, the Lessee agrees to surrender possession of the Project peaceably and promptly to the Lessor in as good condition as at the commencement of the Lease Term, loss by fire or other casualty covered by insurance, condemnation and ordinary wear, tear and obsolescence only excepted.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Surrender of Project. Except as otherwise expressly provided in this Lease Agreement, including, particularly, Article X hereof, at the expiration or sooner termination of the term of this Lease TermAgreement, the Lessee agrees to will surrender possession of the Project peaceably and promptly to the Lessor in as good condition as at the commencement of the Lease Term, excepting only loss by fire or other casualty covered by insurance, condemnation and ordinary wear, tear and obsolescence only exceptedobsolescence.

Appears in 1 contract

Samples: Lease Agreement (Central Sprinkler Corp)

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Surrender of Project. Except as otherwise expressly provided in this Agreement, including, particularly, Article X hereofLease, at the expiration or sooner termination of the Lease Term, the Lessee agrees to surrender possession of the Project peaceably and promptly to the Lessor in as good condition as at the commencement of the Lease Term, loss excepting only ordinary wear, tear, and obsolescence, and damage by fire or other casualty covered or condemnation which the Lessee is not obligated by insurance, condemnation and ordinary wear, tear and obsolescence only exceptedthis Lease to repair.

Appears in 1 contract

Samples: Lease Agreement (Sanderson Farms Inc)

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