Common use of Surrender Upon Termination Clause in Contracts

Surrender Upon Termination. Unless Tenant or an Applicable Purchaser purchases Landlord's entire interest in the Leased Property pursuant to the terms of the Purchase Agreement, Tenant shall, upon the termination of Tenant's right to occupancy, surrender to Landlord the Leased Property, including any buildings, alterations, improvements, replacements or additions constructed by Tenant (but excluding Tenant's Trade Fixtures and personal property not covered by this Lease) free of all Hazardous Substances (including Permitted Hazardous Substances) and tenancies and, to the extent required by Landlord, with all Improvements in the same condition as of the date hereof, excepting only (i) ordinary wear and tear (provided that the Leased Property shall have been maintained as required by the other provisions hereof) and (ii) alterations and additions which are expressly permitted by the terms of this Lease and which have been completed by Tenant in a good and workmanlike manner in accordance with all Applicable Laws. Any movable furniture or movable personal property belonging to Tenant or any party claiming under Tenant, if not removed at the time of such termination and if Landlord shall so elect, shall be deemed abandoned and become the property of Landlord without any payment or offset therefor. If Landlord shall not so elect, Landlord may remove such property from the Leased Property and store it at Tenant's risk and expense. Tenant shall bear the expense of repairing any damage to the Leased Property caused by such removal by Landlord or Tenant.

Surrender Upon Termination. Unless Tenant SGC or an Applicable Purchaser purchases LandlordBNPLC's entire interest in the Leased Property pursuant to the terms of the Purchase Agreement, Tenant SGC shall, upon the termination of TenantSGC's right to occupancy, surrender to Landlord BNPLC the Leased Property, including any buildings, alterations, improvements, replacements or additions constructed by Tenant (SGC, with all fixtures and furnishings included in the Property, but excluding Tenant's Trade Fixtures not including movable furniture and movable personal property not covered by this Lease) , free of all Hazardous Substances (including Permitted Hazardous Substances) and tenancies and, to the extent required by LandlordBNPLC, with all Improvements in substantially the same condition as of the date hereofthe same were initially completed, excepting only (i) ordinary wear and tear (provided that occurs between the Leased Property shall have been maintained as maintenance, repairs and replacements required by the other provisions hereof) of this Lease, and (ii) alterations and additions which are expressly permitted by the terms of this Lease and which have been completed by Tenant SGC in a good and workmanlike manner in accordance with all Applicable Laws. Any movable furniture or movable personal property belonging to Tenant SGC or any party claiming under TenantSGC, if not removed at the time of such termination and if Landlord BNPLC shall so elect, shall be deemed abandoned and become the property of Landlord BNPLC without any payment or offset therefor. If Landlord BNPLC shall not so elect, Landlord BNPLC may remove such property from the Leased Property and store it at TenantSGC's risk and expense. Tenant SGC shall bear the expense of repairing any damage to the Leased Property caused by such removal by Landlord BNPLC or TenantSGC.

Surrender Upon Termination. Unless Tenant or an Applicable Purchaser purchases Landlord's entire interest in the Leased Property pursuant to the terms of the Purchase Agreement, Tenant shall, upon the termination of Tenant's right to occupancy, surrender to Landlord the Leased Property, including any buildings, alterations, improvements, replacements or additions constructed by Tenant (Tenant, with any fixtures and furnishings included in the Leased Property, but excluding Tenant's Trade Fixtures not including movable furniture and other personal property not covered by this Lease) , free of all Hazardous Substances (including Permitted Hazardous Substances) and tenancies and, to the extent required by Landlord, with all Improvements in the same condition as of the date hereof, excepting only (i) ordinary wear and tear (provided that the Leased Property shall have been maintained as required by the other provisions hereof) and (ii) alterations and additions which are expressly permitted by the terms of this Lease and which have been completed by Tenant in a good and workmanlike manner in accordance with all Applicable Laws. Any movable furniture or movable personal property belonging to Tenant or any party claiming under Tenant, if not removed at the time of such termination and if Landlord shall so elect, shall be deemed abandoned and become the property of Landlord without any payment or offset therefor. If Landlord shall not so elect, Landlord may remove such property from the Leased Property and store it at Tenant's risk and expense. Tenant shall bear the expense of repairing any damage to the Leased Property caused by such removal by Landlord or Tenant.

Surrender Upon Termination. Unless Tenant or an Applicable Purchaser purchases Landlord's entire interest in the Leased Property pursuant to the terms of the Purchase Agreement, Tenant shall, upon the termination of Tenant's right to occupancy, surrender to Landlord the Leased Property, including any buildings, alterations, improvements, fixtures, replacements or additions constructed or purchased by Tenant (with funds advanced by Landlord, but excluding Tenant's Trade Fixtures and not including movable personal property not covered by this Lease) , free of all Hazardous Substances (including Permitted Hazardous Substances) and tenancies and, to the extent required by Landlord, with all Improvements and tangible Personal Property in the same condition as of the date hereofgood repair and condition, excepting only (i) ordinary wear and tear (provided that the Leased Property shall have been maintained as required by the other provisions hereof) and (ii) demolition, alterations and additions which are expressly permitted by the terms of this Lease and which have been completed by Tenant in a good and workmanlike manner in accordance with all Applicable Laws. Any movable furniture or movable personal property belonging to Tenant or any party claiming under Tenant, if not removed at the time of such termination and if Landlord shall so elect, shall be deemed abandoned and become the property of Landlord without any payment or offset therefor. If Landlord shall not so elect, Landlord may remove such property from the Leased Property and store it at Tenant's risk and expense. Tenant shall bear the expense of repairing any damage to the Leased Property caused by such removal by Landlord or Tenant.

Surrender Upon Termination. Unless Tenant Electroglas or an Applicable Purchaser purchases LandlordBNPLC's entire interest in the Leased Property pursuant to the terms of the Purchase Agreement, Tenant Electroglas shall, upon the termination of Tenant's Electroglas' right to occupancy, surrender to Landlord BNPLC the Leased Property, including any buildings, alterations, improvements, replacements or additions constructed by Tenant (Electroglas, with all fixtures and furnishings included in the Property, but excluding Tenant's Trade Fixtures not including movable furniture and movable personal property not covered by this Lease) , free of all Hazardous Substances (including Permitted Hazardous Substances) and tenancies and, to the extent required by LandlordBNPLC, with all Improvements in substantially the same condition as of the date hereofthe same were initially completed, excepting only (i) ordinary wear and tear (provided that occurs between the Leased Property shall have been maintained as maintenance, repairs and replacements required by the other provisions hereof) of this Lease, and (ii) alterations and additions which are expressly permitted by the terms of this Lease and which have been completed by Tenant Electroglas in a good and workmanlike manner in accordance with all Applicable Laws. Any movable furniture or movable personal property belonging to Tenant Electroglas or any party claiming under TenantElectroglas, if not removed at the time of such termination and if Landlord BNPLC shall so elect, shall be deemed abandoned and become the property of Landlord BNPLC without any payment or offset therefor. If Landlord BNPLC shall not so elect, Landlord BNPLC may remove such property from the Leased Property and store it at Tenant's Electroglas' risk and expense. Tenant Electroglas shall bear the expense of repairing any damage to the Leased Property caused by such removal by Landlord BNPLC or TenantElectroglas.

Surrender Upon Termination. Unless Tenant Upon expiration of the Lease Term, or an Applicable Purchaser purchases Landlordupon earlier termination of the lease for any reason, Lessee promptly and peaceably shall remove any of Lessee's entire interest in equipment and property (and shall repair any damage caused by that removal), and shall surrender the Leased Property pursuant in good condition. Depreciation and wear and tear from ordinary use permitted under this Agreement need not be restored by Lessee. All repairs for which Lessee is responsible shall be completed prior to the terms surrender of the Purchase Agreement, Tenant shall, upon Leased Property. If Lessee remains in occupancy of the Leased Property after termination of Tenantthe Lease Term, then Lessor shall have the option to treat Lessee as a tenant from month-to-month, subject to all of the provisions of this Agreement except the provisions for rental amounts, term, and renewal, and in that event Lessee shall be obligated to pay monthly rent to Lessor at a rate equal to the monthly rental amount in effect as of the last month of the Lease Term. Acceptance by Lessor of rent subsequent to termination of the Lease Term shall not result in a renewal of the lease and shall not constitute a waiver of Lessor's right to occupancy, surrender to Landlord re-enter the Leased Property, including remove Lessee or exercise any buildings, alterations, improvements, replacements other rights available to Lessor under this Agreement or additions constructed provided by Tenant (but excluding Tenant's Trade Fixtures and personal property not covered by this Lease) free of all Hazardous Substances (including Permitted Hazardous Substances) and tenancies and, law. If Lessee fails to the extent required by Landlord, with all Improvements in the same condition as of the date hereof, excepting only (i) ordinary wear and tear (provided that surrender the Leased Property shall have been maintained as required by the other provisions hereof) and (ii) alterations and additions which are expressly permitted by the terms of this Lease and which have been completed by Tenant in a good and workmanlike manner in accordance with herewith upon termination of the Lease Term, Lessee shall indemnify and hold Lessor harmless from all Applicable Laws. Any movable furniture losses and liabilities, including but not limited to any claims made by any succeeding tenant, which result from or movable personal property belonging are based upon Lessee's failure to Tenant or any party claiming under Tenant, if not removed at the time of such termination and if Landlord shall so elect, shall be deemed abandoned and become the property of Landlord without any payment or offset therefor. If Landlord shall not so elect, Landlord may remove such property from surrender the Leased Property and store it at Tenant's risk and expense. Tenant shall bear the expense of repairing any damage to the Leased Property caused by such removal by Landlord or TenantProperty.

Surrender Upon Termination. Unless Tenant Zhone or an Applicable Purchaser purchases Landlordor has purchased BNPLC's entire interest in the Leased Property Land and Improvements pursuant to the terms of Land Purchase Agreement and the Other Purchase AgreementAgreements, Tenant Zhone shall, upon the termination of TenantZhone's right to occupancy, surrender to Landlord BNPLC the Leased Property, including any buildings, alterations, improvements, replacements or additions Improvements constructed by Tenant (but excluding Tenant's Trade Fixtures Zhone and personal property not covered by this Lease) fixtures and furnishings included in the Property, free of all Hazardous Substances (including Permitted Hazardous Substances) and tenancies and, to the extent required by Landlord, and with all Improvements in substantially the same condition as of the date hereofthe same were initially completed, excepting only (i) ordinary wear and tear (provided that occurs between the Leased Property shall have been maintained as maintenance, repairs and replacements required by the other provisions hereof) of this Land Lease or the Other Lease Agreements, and (ii) demolition, alterations and additions which are expressly permitted by the terms of this Land Lease or the Other Lease Agreements and which have been completed by Tenant Zhone in a good and workmanlike manner in accordance with all Applicable Laws. Any movable furniture or movable personal property belonging to Tenant Zhone or any party claiming under TenantZhone, if not removed at the time of such termination and if Landlord BNPLC shall so elect, shall be deemed abandoned and become the property of Landlord BNPLC without any payment or offset therefor. If Landlord BNPLC shall not so elect, Landlord BNPLC may remove such property from the Leased Property and store it at TenantZhone's risk and expense. Tenant shall bear Nothing in this Paragraph 21 will be construed to require Zhone to surrender the expense Property to BNPLC during the continuation of repairing any damage breach by BNPLC of any obligation it has under the Land Purchase Agreement to convey the Leased Property caused by such removal by Landlord to Zhone or Tenantan Applicable Purchaser.