Surrender of the Demised Premises. Except as otherwise herein provided, at the expiration of the term of this Lease, Tenant will peaceably yield up to Landlord the Demised Premises, broom clean, in as good order and repair as when delivered to Tenant, ordinary wear and tear and damage by the elements excepted.
Surrender of the Demised Premises. Tenant shall surrender to Landlord on the last day of the final term of this Lease possession of the Demised Premises and the Improvements in good, clean and orderly condition, except for normal wear and tear and damage due to casualty, condemnation or Landlord’s gross negligence, willful misconduct or failure to repair or required by Paragraph 6.01.
Surrender of the Demised Premises. The Tenant shall keep the Leased Space in good order and repair, except the portions thereof to be repaired by the Landlord as provided herein, and upon the expiration or other termination of this Lease, quit and surrender the Demised Premises to the Landlord in the same condition as at the commencement of the term, except as modified by any improvement or modified with the Landlord's consent, natural wear and tear only excepted.
Surrender of the Demised Premises. At the expiration of the tenancy hereby created, or upon any re-entry by Landlord into the Demised Premises after a default by Tenant, Tenant shall surrender the Demised Premises in good condition and repair and shall deliver all keys for the Demised Premises to Landlord at the place then fixed for the payment of rent, and shall inform Landlord of all combinations on locks, safes and vaults, if any, in the Demised Premises. Tenant shall remove all of its personal property which Landlord requires to be removed before surrendering the Demised Premises as aforesaid, and shall repair any damage to the Demised Premises caused by such removal. Tenant’s obligations to observe or perform this covenant shall survive the expiration or other termination of the term of this Lease.
Surrender of the Demised Premises. If Tenant shall at any time request Landlord to assign or sublet the Demised Premises for Tenant's account, Landlord or its agent is authorized to receive said keys for such purposes without releasing Tenant from any of its obligations under this Lease, and Tenant hereby releases Landlord of any liability for loss or damage to any of Tenant's property in connection with such subletting.
Surrender of the Demised Premises. 1.1 Effective as of August 1, 1999 (the "Surrender Date") Tenant has surrendered to Landlord, and Landlord has accepted the surrender of, the Lease and the term and estate thereby granted, together with the Demised Premises thereby demised, to the intent and purpose that the estate of Tenant in and to the Demised Premises shall be wholly extinguished and that the term of the Lease expired on the Surrender Date in the same manner and with the same effect as if such date were the date set forth in the Lease for the expiration of the term thereof.
1.2 Landlord shall deliver to Tenant a check simultaneously with Landlord's execution of this Agreement in the amount of $100,000.00 representing the security deposit held by Landlord under the Lease (collectively, the "Security Deposit"). Landlord shall further deliver to Tenant a second check representing the interest on such Security Deposit (the "Interest Check"). If Landlord fails to so deliver good and available funds to Tenant upon Landlord's execution of this Agreement, then Tenant may offset the amount of the Security Deposit and the Interest Check amount from any amounts that Tenant owes Landlord pursuant to any other agreement between Landlord and Tenant.
1.3 There is no consideration specifically related to the surrender of the Demised Premises and termination of the Lease. Landlord and Tenant acknowledge and agree that (i) neither party has received, is receiving or is entitled to receive any consideration, by payment, extinguishment of debt or otherwise, in connection with this transaction and (ii) Tenant has paid in full any and all fixed rent, additional rent and any other amounts due in connection with the Lease. Landlord represents to Tenant that as of the date hereof the Lease is in full force and effect without default by Tenant thereunder and Landlord does not have any claims or rights against Tenant. Tenant shall pay any State or municipal transfer taxes that may be payable in connection with the surrender of the Demised Premises pursuant to this Agreement. The covenant contained in the immediately preceding sentence shall survive the termination of the Lease and the surrender of the Demised Premises.
1.4 Notwithstanding anything to the contrary contained in the Lease or this Agreement, Tenant shall not be required to restore the Demised Premises or perform any other work whatsoever in, on or about the Demised Premises.
Surrender of the Demised Premises. Tenant shall, on or before the last day of the Term herein demised, or the sooner termination thereof, peaceably and quietly leave, surrender, and yield upon to the City the Demised Premises, together with any and all equipment, fixtures, furnishings, appliances, or other personal property, if any, located at or on the Demised Premises and used by Tenant in the maintenance, management, or operation of the Demised Premises, excluding any trade fixtures or personal property, if any, which can be removed without material injury to the Demised Premises, free of all liens, claims, and encumbrances and rights of others or broom-clean, together with all structural changes, alterations, additions, and improvements which may have been made upon the Demised Premises, in good order, condition and repair, reasonable wear and tear excepted, subject, however, to the subsequent provisions of this Section. Any property which pursuant to the provisions of this Section is removable by Tenant on or at the Demised Premises upon the termination of this Agreement and is not so removed may, at the option of the City, be deemed abandoned by Tenant, and either may be retained by the City as its property or may be removed and disposed of at the sole cost of the Tenant in such manner as the City may see fit. If the Demised Premises and personal property, if any, be not surrendered at the end of the Term as provided in this Section, Tenant shall make good the City all damages which the City shall suffer by reason thereof, and shall indemnify and hold harmless the City against all claims made by any succeeding tenant or purchaser, so far as such delay is occasioned by the failure of Tenant to surrender the Demised Premises as and when herein required.
Surrender of the Demised Premises. A. Effective as of May 31, 2017 (hereinafter referred to as the “Surrender Date”), the Lease and the leasehold estate created thereby shall be deemed terminated and expired as if the Surrender Date were set forth therein as the Termination Date of the Lease, in accordance with, and subject to the provisions of this Agreement.
B. Subject to the availability of the New Premises in acceptable move-in condition, on or before the Surrender Date, Tenant shall vacate and quit and surrender possession of the entire Premises to Landlord in accordance with the applicable provisions of the Lease, as if the Surrender Date were the Termination Date of the Lease. Tenant shall leave the Premises "broom clean" and will make any necessary repairs to walls, carpeting, etc. as a result of any damage caused by Tenant, above and beyond normal wear and tear, vacating the Premises. Tenant will, however, leave its furniture at the Premises upon vacating.
Surrender of the Demised Premises. At the expiration or earlier termination of the Term or any renewal thereof, the Tenant shall peaceably surrender and yield up the Demised Premises to the Landlord in as good condition and repair as the Tenant is required to maintain the Demised Premises throughout the Term or any renewal thereof, and the Tenant shall surrender all keys for the Demised Premises to the Landlord at the place then fixed for the payment of Rent and shall inform the Landlord of all combinations of locks, safes; and vaults, if any, in the Demised Premises. If required by the Landlord, the Tenant shall remove any and all leasehold improvements completed by the Tenant or its contractors to the Demised Premises and the Tenant's fixtures and shall restore the Demised Premises to as good a condition as the Demised Premises were in as at the Commencement Date, all at the Tenant's sole expense. The Tenant’s obligation to observe and perform this covenant shall survive the expiration of the Term or earlier termination of this Lease.
Surrender of the Demised Premises. (a) Tenant shall and will on the expiration of this Lease, or upon any re-entry by Landlord upon the Demised Premises pursuant to the terms of this Lease, (i) surrender and deliver up the Demised Premises into the possession and use of Landlord without delay, broom clean and in good order, condition and repair, ordinary wear and tear excepted, free and clear of all lettings and occupancies, and free and clear of all liens, charges and encumbrances except (i) Impositions not yet due and payable and for which Tenant shall have deposited the estimated amount thereof with Landlord pursuant to paragraph 6(c) thereof, (ii) any Mortgage which Landlord may have caused to become a lien during the term hereof, and (iii) all those exceptions to title which Landlord causes, permits or allows or which result from Landlord's actions and/or omissions to act (to the extent they are not the obligation of Tenant under this Lease to prevent or remove) or to which Landlord consents in writing.
(b) On the expiration of this Lease, upon the request of Landlord title to and ownership of the Improvements and the Equipment shall automatically vest in Landlord without the necessity of Tenant's executing any further instrument particularly granting, conveying and/or releasing the same and without the necessity of any payment therefor by Landlord. Tenant shall, on demand, execute, acknowledge and deliver to Landlord or its designee a written instrument, in recordable form, confirming such expiration of this Lease, as well as any further assurances of title to the Improvements and the Equipment as Landlord or its designee may reasonably request.
