Tenant’s Use of Furniture Clause Samples
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Tenant’s Use of Furniture. Tenant shall have the right, throughout the Expansion Term and at no additional cost, to use that certain furniture currently located in the Expansion Premises as of the date of this First Amendment (the “Licensed Furniture”). Landlord hereby makes no representations or warranties regarding the condition of such Licensed Furniture, and Tenant accepts such Licensed Furniture in its currently existing, “as-is” condition. Landlord shall have no obligation to maintain or repair such Licensed Furniture. Tenant hereby agrees that Tenant shall maintain and repair such Licensed Furniture in good condition and repair throughout the Expansion Term and at Tenant’s sole cost and expense. Landlord shall have the right, at any time during the Expansion Term, upon reasonable prior notice to Tenant, to inspect the Licensed Furniture to ensure Tenant’s compliance with the terms of this Section 7. In the event Tenant fails to maintain and repair the Licensed Furniture in accordance with this Section 7, Landlord shall have the right to repair such Licensed Furniture, at Tenant’s sole cost and expense, and Tenant shall reimburse Landlord for the cost of such maintenance and repair within ten (10) days following ▇▇▇▇▇▇▇▇’s request therefor. In the event of irreparable damage to any item of the Licensed Furniture, Tenant shall replace such damaged item, at Tenant’s sole cost and expense, prior to the expiration or earlier termination of the Expansion Term. With respect to the insurance which Tenant is obligated to maintain on its personal property during the Expansion Term, Tenant shall cause such insurance to also cover the Licensed Furniture. Tenant shall not (i) remove any of the Licensed Furniture from the Expansion Premises, (ii) assign the Licensed Furniture as collateral or otherwise, (iii) sell any of the Licensed Furniture, or (iv) give any third party a security interest or any other interest in such Licensed Furniture. Upon the expiration or earlier termination of the Expansion Term, Tenant shall promptly surrender such Licensed Furniture to Landlord in good condition and repair, normal wear and tear excepted, at the Expansion Premises.
Tenant’s Use of Furniture. Tenant shall have the right, at no additional cost, during the Lease Term, to use the existing built-in furniture and furniture systems currently existing in the Premises, and the moveable furniture located in the Premises, all of which are listed on Exhibit I, attached hereto (collectively, the “Existing FF&E”), and in connection therewith within sixty (60) days following the full execution and delivery of this Lease by Landlord and Tenant, Landlord and Tenant will agree upon the inventory list to be attached as Exhibit G. Landlord owns the Existing FF&E clear of any liens, provided that Landlord hereby makes no representations or warranties regarding the condition of such Existing FF&E, and Tenant accepts such Existing FF&E in its currently existing, “as-is” condition. Landlord shall have no obligation to maintain or repair such Existing FF&E. Tenant hereby agrees that Tenant shall maintain and repair such Existing FF&E in good condition and repair throughout the Lease Term, at Tenant’s sole cost and expense. In the event Tenant fails to maintain and repair the Existing FF&E in accordance with this Section 29.32, Landlord shall have the right to repair such Existing FF&E, at Tenant’s sole cost and expense, and Tenant shall reimburse Landlord for the cost of such maintenance and repair within ten (10) days following Landlord’s request therefor. In the event of irreparable damage to any item of the Existing FF&E, the Tenant shall replace such damaged item, at Tenant’s sole cost and expense, prior to the expiration or earlier termination of this Lease. With respect to the insurance which Tenant is obligated to maintain on its personal property during the Lease Term pursuant to the terms and conditions of Section 10.3.2 of this Lease, Tenant shall cause such insurance to also cover the Existing FF&E. Tenant shall not (i) remove any of the Existing FF&E from the Premises, (ii) assign the Existing FF&E as collateral or otherwise, (iii) sell any of the Existing FF&E, or (iv) give any third party a security interest or any other interest in such Existing FF&E. Upon the expiration or earlier termination of this Lease, Tenant shall promptly surrender such Existing FF&E to Landlord in good condition and repair, normal wear and tear excepted, at the Premises. IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be executed the day and date first above written. LANDLORD: TENANT: BAYSIDE ACQUISITION, LLC., BLADE THERAPEUTICS, INC., a Delaware limited liab...