Common use of Tenant’s Personal Property Clause in Contracts

Tenant’s Personal Property. At the expiration or sooner termination of the Term, Landlord may, in its sole and absolute discretion, elect either (i) to give Tenant Notice that Tenant shall be required, within ten (10) Business Days after such expiration or termination, to remove all FAS and Inventories from the Leased Property or (ii) to deliver and transfer to Landlord all FAS and Inventories located at the Leased Property, in which event Landlord shall acquire such FAS and Inventories. Failure of Landlord to make such election shall be deemed an election to proceed in accordance with clause (ii) preceding.

Tenant’s Personal Property. At the expiration or sooner termination of the Term, Landlord may, in its sole and absolute discretion, elect either (i) to remove all FAS and Inventories from the Leased Property or (ii) to give Tenant Notice that Tenant shall be required, within ten (10) Business Days after such expiration or termination, to remove all FAS and Inventories from the Leased Property or (ii) to deliver and transfer to Landlord all FAS and Inventories located at the Leased Property, in which event Landlord shall acquire such FAS and Inventories. Failure of Landlord to make such election shall be deemed an election to proceed in accordance with clause (ii) preceding.

Tenant’s Personal Property. At the expiration or sooner termination of the Term, Landlord may, in its sole and absolute discretion, elect either (i) to give Tenant Notice that Tenant shall be required, within ten (10) Business Days after such expiration or termination, to remove all FAS and Inventories from the Leased Property or (ii) to deliver and transfer purchase from Tenant at a purchase price equal to Landlord Tenant's book value all such FAS and Inventories located at other than those that Landlord does not have the Leased Property, in which event Landlord shall acquire such FAS and Inventoriesright to use under Section 22.16. Failure of Landlord to make such election shall be deemed an election to proceed in accordance with clause (ii) preceding.

Tenant’s Personal Property. At the expiration or sooner termination of the Term, Landlord may, in its sole and absolute discretion, elect either (ia) to give Tenant Notice that Tenant shall be required, within ten (10) Business Days after such expiration or termination, to remove all FAS FAS, Tenant's Personal Property and Inventories from the Leased Property or (iib) to deliver and transfer to Landlord all FAS buy such FAS, Tenant's Personal Property and Inventories located at by paying Tenant the Leased Property, in which event Landlord shall acquire book value of such FAS and Inventoriesproperty. Failure of Landlord to make such election shall be deemed an election to proceed in accordance with clause (iic) preceding.