- Title to Leasehold Improvements. 5.3.1 All contracts for the construction of the Leasehold Improvements must include provisions of insurance and suretyship reasonably satisfactory to Lessor for protection of Lessor, laborers, suppliers, subcontractors, and the general public.
5.3.2 All Leasehold Improvements approved by Lessor become and remain the property of Lessee until the expiration or termination of this Lease. Upon expiration or termination of this Lease for any reason, all Leasehold Improvements become the property of Lessor, with Trade Fixtures, signs and other personal property remaining the property of Lessee so long as:
(1) the removal of such Trade Fixtures, signs, or personal property, at Lessee’s sole expense, does not result in material damage to the Premises that cannot be repaired by Lessee to Lessor’s satisfaction; (2) Lessee is not in default at the time of the expiration or termination of the Lease; and (3) the Trade Fixtures, signs, or personal property are removed from the Premises no later than ten (10) days after the expiration or termination of the Lease.
5.3.3 Lessee shall remove its Trade Fixtures, signs, and personal property in a manner and at times that do not interrupt Airport operations. Lessee shall repair all damage done to the Premises or other Lessor-owned property resulting from the removal of such Trade Fixtures, signs, and personal property and shall restore the Premises and other Lessor-owned property to the state of good repair that existed prior to the installation of Lessee’s Trade Fixtures, signs, and personal property, less normal wear and tear. Should Lessee fail to repair the damage to Lessor’s satisfaction, Lessor shall have the right to make such repairs and be reimbursed by Lessee within ten (10) days following demand by Lessor for payment at Lessor’s standard rates plus Lessor’s administrative costs, or, if the work is performed by Lessor’s contractor, Lessor’s actual cost, including but not limited to Lessor’s administrative costs. If Lessee fails to become current on all payments owed to Lessor within thirty (30) calendar days, title to the Trade Fixtures shall vest in Lessor. If Lessee is in default at the time of expiration or termination of this Lease, Lessor may hold title to the Trade Fixtures until Lessee is current on all payments owed to Lessor. If Lessee fails to remove its Trade Fixtures, signs, and other personal property within ten (10) calendar days, or a longer period of time agreed to in writing by Lessor, after the expi...
- Title to Leasehold Improvements. Title to all existing buildings or other improvements, and any additions, improvements or alterations by Lessee upon the Premises shall, upon expiration or sooner termination of this Lease, vest in County without further consideration to Lessee.
- Title to Leasehold Improvements. Upon surrender, or upon the expiration of the Term or sooner termination of this Lease, whichever shall first occur, all improvements, installations, fixtures (except Removable Trade Fixtures and Tenant’s Property), alterations and additions, whether originally constructed installed, delivered or placed in the Premises by Landlord or Tenant, shall remain in the Premises as part thereof and as the property of Landlord, and title thereto shall thereupon, and without further act of either party, vest in Landlord. However, if requested by Landlord, Tenant shall promptly thereafter execute and deliver to Landlord such deed or xxxx of sale as Landlord may reasonably require, provided that no covenant, warranty or representation of Tenant shall be contained therein.
- Title to Leasehold Improvements. All Leasehold Improvements shall become the property of Sears at the termination of the Agreement. At the termination of the Agreement, or if Licensee/Tenant vacates or abandons the Concession, Licensee/Tenant shall convey to Sears, without charge, good title to the Leasehold Improvements free from any and all liens, charges, encumbrances and rights of third parties, by means of a Quit Claim Deed and any other documents required by Sears. CONCESSION FAILS TO BECOME FULLY OPERATIONAL
- Title to Leasehold Improvements. Fee simple title to the Leasehold Improvements shall be and remain in Lessee throughout the term of this Agreement. Upon the expiration or other termination of this Agreement, fee simple title to all Leasehold Improvements and any permanent fixtures and remaining on the Leased Premises shall immediately vest in the Lessor. Fee simple title to the Property shall at all times be and remain in the Lessor.
- Title to Leasehold Improvements. Title to all Leasehold Improvements made by Lessee shall at all times during the Term remain in Lessee. Upon expiration or sooner termination of this Lease, title to all such Leasehold Improvements shall, at the written election of the Chief, vest in the District without payment of any further consideration to Lessee; except that in lieu of taking title to such Leasehold Improvements, the Chief shall have the option to require Lessee to remove any or all of such Leasehold Improvements, at Lessee's sole cost, within sixty (60) days after such expiration or termination. Chief shall exercise the District’s option to require Lessee to remove any or all of such Leasehold Improvements, at Lessee’s sole cost, by providing notice to Lessee within sixty (60) days of expiration of this Lease. In the event of sooner termination pursuant to this Lease, said exercise of such option shall not be required and Chief may designate the disposition of the Leasehold improvements.
- Title to Leasehold Improvements. 5.3.1 All contracts for the construction of the Leasehold Improvements must include provisions of insurance and suretyship reasonably satisfactory to Lessor for protection of Lessor, laborers, suppliers, subcontractors, and the general public.
- Title to Leasehold Improvements. In addition to the provisions of Article 15 regarding the ownership of the Alterations and Fixtures upon the expiration of the Term or sooner termination of this Lease, whichever shall first occur, all leasehold improvements, whether originally constructed installed, delivered or placed in the Premises by Landlord or Tenant, shall remain in the Premises as part thereof and as the property of Landlord, and title thereto shall thereupon, and without further act of either party, vest in Landlord. However, if requested by Landlord, Tenant shall promptly thereafter execute and deliver to Landlord such deed or bill of sale as Landlord may reasonably require, provided that no xxxxnant, warranty, representation or other liability of Tenant shall be contained therein. Notwithstanding the foregoing provisions of this Section 22.2, if requested to do so by Landlord, Tenant shall, at its expense, within the last thirty (30) days of the expiration of the Term or immediately upon any earlier termination of this Lease, remove any or all of such items, as requested by Landlord, from the Premises and promptly repair any damage to the Premises resulting from such removal. In the event that Tenant shall not remove such items following Landlord's request to do so, Landlord may remove the same for the account of Tenant, and Tenant shall promptly reimburse Landlord for the cost of such removal as Additional Rent upon demand.
- Title to Leasehold Improvements. Title to all existing buildings or other improvements, and any additions, improvements or alterations by LESSEE upon the Premises shall, upon expiration or sooner termination of this Lease, vest in REGIONAL SAN without further consideration to LESSEE.
- Title to Leasehold Improvements. 78 6.10 Landlord's Cooperation................................................78 6.11 Tenant's Election to Redevelop........................................78
