Transfer of Complex at End of Term Sample Clauses

Transfer of Complex at End of Term. It is agreed between the Parties that, at the end of the Term (other than as a result of any early termination pursuant to Articles XVII, XVIII, XX and Section 15.5), the Company will sell to the GOL, and the GOL will purchase from the Company, the Complex for a purchase price of one Liberian Dollar and the Company shall transfer the Complex to the GOL in accordance with Section 18.4.
AutoNDA by SimpleDocs

Related to Transfer of Complex at End of Term

  • End of Term 16.1 At the end of the Term, Tenant shall promptly quit and surrender the Premises broom-clean and in good order and repair, ordinary wear and tear and damage from casualty which Tenant is not required by other provisions of this Lease to repair excepted. If Tenant is not then in default, Tenant shall have the right to remove from the Premises any Removable Trade Fixtures (as defined in Section 14.1 (b)), unattached equipment, and movable furniture placed in the Premises by Tenant. Whether or not Tenant is in default, Tenant shall remove such Alterations, equipment, and furniture as Landlord has required under Article 14. Tenant shall fully and properly repair any damage occasioned by the removal of any Removable Trade Fixtures, equipment, furniture and Alterations. All trade fixtures, equipment, furniture, inventory, effects and Alterations left on the Premises after the end of the Term shall be deemed conclusively to have been abandoned and may be appropriated, sold, stored, destroyed, or otherwise disposed of by Landlord without written notice to Tenant or any other person and without obligation to account for them. Alternatively, Landlord, at its option, shall have the right to declare the Term to be continuing until all such property is removed and the Premises surrendered to Landlord in the condition required by this Lease, and Monthly Rent (at the rate specified in Section 27.11) and Additional Rent shall continue to accrue and shall be payable upon demand. Tenant shall pay Landlord for all expenses incurred in connection with the removal of such property, including but not limited to the cost of repairing any damage to the Building or Premises caused by the removal of such property. Tenant's obligation to observe and perform this covenant shall survive the expiration or other termination of this Lease.

  • ALTERATION OF TERMS 13 This Agreement, including any Exhibit(s) attached hereto and 14 incorporated by reference, fully expresses all understandings of the parties 15 and is the total Agreement between the parties as to the subject matter of 16 this Agreement. No addition to, or alteration of, the terms of this 17 Agreement, whether written or verbal, by the parties, their officers, agents, 18 or employees, shall be valid unless made in the form of a written amendment to 19 this Agreement which is formally approved and executed by both parties.

Time is Money Join Law Insider Premium to draft better contracts faster.