Common use of VACATION OF THE PREMISES Clause in Contracts

VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor shall immediately be granted access to the Leased Object. (2) Upon vacation of the premises, the Lessee shall hand back the Leased Object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Term, the Lessor accepts ordinary wear and tear until vacation of the premises. Any changes made by the Lessee during the Lease Term are governed by the regulations in Clause 15. (3) The Lessor may repair any defects not repaired by the Lessee, for the account of the Lessee. If the Lessor does not make such repairs, the Lessee shall nevertheless compensate the Lessor for the costs that would have been incurred if such repairs had been made, irrespective of the use of the Leased Object following the vacation of the premises. (4) A joint inspection shall be conducted by the Lessee and the Lessor well ahead of the end of the Lease Term to agree any work that shall be carried out in order to bring the Leased Object into the state required when it is vacated. (5) The Lessor shall be entitled, for the last 12 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object will become available for rent. The Lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object for 3 days per week during ordinary office/business hours. (6) The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessor. The Lessor may discard or remove any rubbish and possessions that the Lessee has left behind, for the account of the Lessee.

Appears in 6 contracts

Samples: Standard Lease for Office and Industrial Buildings, Standard Lease for Office and Industrial Buildings, Standard Lease Agreement

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VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor shall immediately be granted access to the Leased ObjectExclusive Area. (2) Upon vacation of the premises, the Lessee shall hand back the Leased Object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Term, the Lessor accepts ordinary wear and tear until vacation of the premises. Any changes made by the Lessee during the Lease Term are governed by the regulations in Clause 15. (3) The Lessor may repair any defects not repaired by the Lessee, for the account of the Lessee. If the Lessor does not make such repairs, the Lessee shall nevertheless compensate the Lessor for the costs that would have been incurred if such repairs had been made, irrespective of the use of the Leased Object following the vacation of the premises. (4) A joint inspection shall be conducted by the Lessee and the Lessor well ahead of the end of the Lease Term to agree any work that shall be carried out in order to bring the Leased Object into the state required when it is vacated. (5) The Lessor shall be entitled, for the last 12 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object will become available for rent. The Lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object Exclusive Area for 3 days per week during ordinary office/business hours. (6) The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessor. The Lessor may discard or remove any rubbish and possessions that the Lessee has left behind, for the account of the Lessee.

Appears in 4 contracts

Samples: Standard Lease for Office and Industrial Premises, Standard Lease for Office and Industrial Premises, Standard Lease for Office and Industrial Premises

VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor lessor shall immediately be granted access to the Leased Objectleased object. (2) Upon The lessee shall, upon vacation of the premises, the Lessee shall hand back the Leased Object leased object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Termlease term, the Lessor lessor accepts ordinary wear and tear until vacation of the premises. Any As far as any changes made by the Lessee lessee during the Lease Term lease term are governed by concerned, reference is made to the regulations in Clause 15. (3) The Lessor may repair any Any defects not repaired by the Lessee, lessee can be repaired by the lessor for the account of the Lesseelessee. If the Lessor lessor does not make such repairs, the Lessee lessee shall nevertheless compensate the Lessor lessor for the costs that would have been incurred if such repairs had been made, made (irrespective of the use of the Leased Object leased object following the vacation of the premises). (4) A joint inspection shall be conducted by the Lessee lessee and the Lessor lessor well ahead of the end expiry date of the Lease Term lease to agree determine any work that shall has to be carried out in order to bring the Leased Object leased object into the state required when it is vacatedhanded back. (5) The Lessor lessor shall be entitled, for the last 12 5 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object leased object will become available for rent. The Lessee lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object leased object for 3 days per week during ordinary office/business hours. (6) The Lessee lessee shall remove its possessions at its own expense no later than on the last day of the Lease Termlease term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessorlessor after 14 days. The Lessor may discard or remove any Any rubbish and possessions that the Lessee has left behind, lessor does not wish to keep may be discarded or removed by the lessor for the account of the Lesseelessee.

Appears in 2 contracts

Samples: Standard Lease for Commercial Buildings, Standard Lease for Commercial Buildings

VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor shall immediately be granted access to the Leased Object. (2) Upon vacation of the premises, the Lessee shall hand back the Leased Object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation obligations under Clause Clauses 12 and 13 has have been met at normal intervals during the Lease Termmet, the Lessor accepts ordinary wear and tear until vacation of the premises. Any changes made by the Lessee during the Lease Term are governed by the regulations in Clause 15. (3) The Lessor may repair any defects not repaired by the Lessee, for the account of the Lessee. If the Lessor does not make such repairs, the Lessee shall nevertheless compensate the Lessor for the costs that would have been incurred if such repairs had been made, irrespective of the use of the Leased Object following the vacation of the premises. (4) A joint inspection shall be conducted by the Lessee and the Lessor well ahead of the end of the Lease Term to agree any work that shall be carried out in order to bring the Leased Object into the state required when it is vacated. (5) The Lessor shall be entitled, for the last 12 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object will become available for rent. The Lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object for 3 days per week during ordinary office/business hours. (6) The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessor. The Lessor may discard or remove any rubbish and possessions that the Lessee has left behind, for the account of the Lessee.

Appears in 2 contracts

Samples: Standard Lease for Office and Industrial Buildings, Standard Lease for Office and Industrial Buildings

VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor lessor shall immediately be granted access to the Leased Objectleased object. (2) Upon The lessee shall, upon vacation of the premises, the Lessee shall hand back the Leased Object leased object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Termlease term, the Lessor lessor accepts ordinary wear and tear until vacation of the premises. Any As far as any changes made by the Lessee lessee during the Lease Term lease term are governed by concerned, reference is made to the regulations in Clause 15. (3) The Lessor may repair any Any defects not repaired by the Lessee, lessee can be repaired by the lessor for the account of the Lesseelessee. If the Lessor lessor does not make such repairs, the Lessee lessee shall nevertheless compensate the Lessor lessor for the costs that would have been incurred if such repairs had been made, made (irrespective of the use of the Leased Object leased object following the vacation of the premises). (4) A joint inspection shall be conducted by the Lessee lessee and the Lessor lessor well ahead of the end expiry of the Lease Term lease to agree determine any work that shall has to be carried out in order to bring the Leased Object leased object into the state required when it is vacatedhanded back. (5) The Lessor lessor shall be entitled, for the last 12 5 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object leased object will become available for rent. The Lessee lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object leased object for 3 days per week during ordinary office/business hours. (6) The Lessee lessee shall remove its possessions at its own expense no later than on the last day of the Lease Termlease term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessorlessor after 14 days. The Lessor may discard or remove any Any rubbish and possessions that the Lessee has left behind, lessor does not wish to keep may be discarded or removed by the lessor for the account of the Lesseelessee.

Appears in 2 contracts

Samples: Standard Lease for Commercial Premises, Standard Lease for Commercial Premises

VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor shall immediately be granted access to the Leased Object. (2) Upon The Lessee shall, upon vacation of the premises, the Lessee shall hand back the Leased Object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Termlease term, the Lessor accepts ordinary wear and tear until vacation of the premises. Any As far as any changes made by the Lessee during the Lease Term lease term are governed by concerned, reference is made to the regulations in Clause 15. (3) The Lessor may repair any Any defects not repaired by the Lessee, Lessee can be repaired by the Lessor for the account of the Lessee. If the Lessor does not make such repairs, the Lessee shall nevertheless compensate the Lessor for the costs that would have been incurred if such repairs had been made, made (irrespective of the use of the Leased Object following the vacation of the premises). (4) A joint inspection shall be conducted by the Lessee and the Lessor well ahead of the end of the Lease Term Expiry Date to agree determine any work that shall has to be carried out in order to bring the Leased Object into the state required when it is vacatedhanded back. (5) The Lessor shall be entitled, for the last 12 5 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object will become available for rent. The Lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object for 3 days per week during ordinary office/business hours. (6) The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Termlease term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the LessorLessor after 14 days. The Lessor may discard or remove any Any rubbish and possessions that the Lessee has left behind, Lessor does not wish to keep may be discarded or removed by the Lessor for the account of the Lessee.

Appears in 1 contract

Samples: Standard Lease for Commercial Buildings

VACATION OF THE PREMISES. (1) Upon vacation . In the event Lessee does not vacate the Premises immediately upon expiration or termination of this Agreement, Lessee shall pay as damages the amount equivalent to double the rent payable from the day following the date of expiration or termination of this Agreement through the day on which the Premises are completely vacated, and the amount equivalent to maintenance fee, electricity, water and other charges during the same period. In addition, Lessee shall also compensate any damages incurred by Lessor by reason of such delay. 2. Lessee shall vacate and return the Premises in its original conditions to Lessor upon removal at Lessee’s cost of all new or additional fixtures and equipment newly installed and/or added by Lessee; repair of all changes, soils, or damages to the Premises, fixtures or facilities; and re-application of fresh paint, new wallpaper and flooring on the walls, ceiling and floor of the premisesPremises, respectively. About this matter, Lessee must submit the Lessor shall immediately be granted access to the Leased Objectinstitution written promise. (2) Upon vacation of 3. The restoration work set forth in the premisespreceding paragraph shall be undertaken by Lessor, the and Lessee shall hand back bear the Leased Object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Term, the Lessor accepts ordinary wear and tear until vacation of the premises. Any changes made by the Lessee during the Lease Term are governed by the regulations in Clause 15cost therefore. (3) The 4. Lessor may repair dispose of any defects not repaired by property that Lessee fails to remove from the LesseePremises after expiration or termination of this Agreement at Lessor’s sole discretion. In such case, for the account of the Lessee. If the Lessor does not make such repairs, the Lessee shall nevertheless compensate the Lessor for the costs that would have been incurred if such repairs had been made, irrespective of the use of the Leased Object following the vacation of the premises. (4) A joint inspection shall be conducted by the Lessee and the Lessor well ahead of the end of the Lease Term to agree any work that shall be carried out in order to bring the Leased Object into the state required when it is vacated. (5) The Lessor shall be entitled, for the last 12 months before vacation entitled to reimbursement of the premisescost of disposal from Lessee. 5. Upon vacating the Premises, to erect signs on the frontage with information Lessee shall not seek from Lessor reimbursement of any costs it has incurred in relation to the effect that Premises or fixtures or facilities thereof, nor make any or monetary claims against Lessor, including moving fees, relocation fees or concession money, nor demand any other payments whatsoever, regardless of the Leased Object will become available for rentnature or name of the claim. The Lessee shallFurther, during the same period and by prior notice, grant prospective lessees access to the Leased Object for 3 days per week during ordinary office/business hours. (6) The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Term. Any possessions not demand that have not been removed are deemed to have been abandoned, and shall accrue to the Lessor. The Lessor may discard purchase any fixtures or remove any rubbish and possessions that the Lessee has left behind, for the account of the facilities newly installed and/or added by Lessee.

Appears in 1 contract

Samples: Lease Agreement (Lionbridge Technologies Inc /De/)

VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor shall immediately be granted access to the Leased Object. (2) Exclusive Area. Upon vacation of the premises, the Lessee shall hand back return the Leased Object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 15 has been met at normal intervals during the Lease Term, the Lessor accepts ordinary wear and tear until vacation of the premises. Any changes made by the Lessee during the Lease Term are governed by the regulations in Clause 15. (3) 17. The Lessor may repair any defects not repaired by the Lessee, for the account of the Lessee. If the Lessor does not make such repairs, the Lessee shall nevertheless compensate the Lessor for the costs that would have been incurred if such repairs had been made, irrespective of the use of the Leased Object following the vacation of the premises. (4) . A joint inspection shall be conducted by the Lessee and the Lessor well ahead of the end of the Lease Term to agree any work that shall be carried out in order to bring the Leased Object into the state required when it is vacated. (5) . The Lessor shall be entitled, for the last 12 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object will become available for rent. The Lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object Exclusive Area for 3 days per week during ordinary office/business hours. (6) . The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessor. The Lessor may discard or remove any rubbish and possessions that the Lessee has left behind, for the account of the Lessee. The Lessee shall not advertise/announce any closing-down sale without the written consent of the Lessor. Consent shall not be withheld without just cause. REGISTRATION/GRANTING OF SECURITY INTERESTS The lease shall not be registered in the Register of Land Titles and Land Charges without the prior written consent of the Lessor. Consent shall not be withheld without just cause. A lease thus registered shall have no right of priority advancement, and shall concede priority to any new monetary encumbrances that the Lessor may arrange to have registered on the Property. The Lessee shall assist with the implementation of such priority concession. The Lessee grants the Lessor an irrevocable authorisation to delete such lease registration on the expiry date of the lease. Any costs associated with such registration and deregistration of the lease shall be for the account of the Lessee. No security interest shall be granted in the lease without the prior written consent of the Lessor. Consent shall not be withheld without just cause. The Lessor may make such granting of a security interest subject to conditions. The Lessee grants the Lessor an irrevocable authorisation to delete such security interests on the expiry date of the lease. SUBLEASE Sublease of the Leased Object, in full or in part, shall not be permitted without the prior written consent of the Lessor. Consent shall not be withheld without just cause. Any increased Value Added Tax burden on the part of the Lessor as the result of the sublease would always constitute just cause, unless the Lessee undertakes to indemnify the Lessor for any loss and costs incurred by the Lessor as the result of the sublease in accordance with Clause 10, and furnishes what is deemed by the Lessor to be adequate collateral in respect of its obligations. Furthermore, maintaining the activity profile/activity mix of the Property shall also constitute such just cause. A failure to respond to an application for consent under the provisions of this Clause 24 shall not be construed as consent.

Appears in 1 contract

Samples: Lease Agreement

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VACATION OF THE PREMISES. (1) Upon vacation 20.1 The Lessee undertakes that upon expiration of the premisesTerm of Lease or upon the revocation of this Agreement for any reason whatsoever (in this Agreement: "Date of Vacation of the Premises"), it shall vacate the Premises and deliver possession therein to the Lessor, when the Premises are free of any person and object and clean and orderly as they were when it received them from the Lessor or in their state after completion of the Lessee's Works exclusive of reasonable wear and tear in consideration of the designation of the Premises. The Premises shall be returned to the Lessor after being repainted in the original color and free of any occupation, lease and/or other right of any third parties whatsoever including any refurbishment, improvement, addition, change, fixture even if not installed by the Lessor. Without derogating from the generality of the contents below, it is clarified that movables which are not affixed permanently to the Premises shall not be considered the Lessor's property, but rather the property of the Lessee. For the avoidance of doubt, it is clarified that any object and/or equipment and/or appliances and/or stock which does not fall within the definition of the Lessor's property pursuant to this Agreement and which remains in the Premises after the Lessee has vacated them, shall be deemed the Lessor's property upon the vacation and the Lessee renounces any contention and/or demand and/or claim in respect thereof. Notwithstanding the aforesaid, the Lessor shall immediately be granted access to parties agree that at the Leased Object. (2) Upon vacation expiration of the premisesTerm of Lease, the Lessee shall hand back be permitted to dismantle installations that are permanently affixed to the Leased Object in a tidy, cleanPremises yet do not constitute part of the central systems of the Premises (inclusive of air conditioning apparatus which does not constitute part of the central air conditioning of the Premises), and otherwise contractual state, with all windowpanes intact, and maintained were installed in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Term, the Lessor accepts ordinary wear and tear until vacation of the premises. Any changes made by the Lessee during the Lease Term are governed by the regulations in Clause 15. (3) The Lessor may repair any defects not repaired by the Lessee, for the account of the Lessee. If the Lessor does not make such repairs, the Lessee shall nevertheless compensate the Lessor for the costs that would have been incurred if such repairs had been made, irrespective of the use of the Leased Object following the vacation of the premises. (4) A joint inspection shall be conducted Premises by the Lessee and the Lessor well ahead of the end of the Lease Term to agree any work that shall be carried out in order to bring the Leased Object into the state required when it is vacated. (5) The Lessor shall be entitled, for the last 12 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object will become available for rent. The Lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object for 3 days per week during ordinary office/business hours. (6) The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Term. Any possessions that have not been removed are deemed to have been abandonedexpense, and shall accrue to the Lessor. The Lessor may discard or remove any rubbish and possessions provided that the Lessee has left behindshall repair any damage that is caused to the Premises, for due to the account dismantling of the installations as aforesaid. 20.2 One month prior to the return of the Premises to the Lessor by the Lessee on the date which the Lessee is informed by written notice, the Engineer shall conduct an inspection of the Premises in the presence of the Lessee's representative. The Engineer shall make a list of repairs which the Lessee is obliged to perform pursuant to the provisions of this Agreement, if any, including repairs of damage and malfunctions connected to the return of the Premises to their former state in accordance with the provisions of section 20.

Appears in 1 contract

Samples: Offices Lease Agreement (Terayon Communication Systems)

VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor lessor shall immediately be granted access to the Leased Objectleased object. (2) Upon The lessee shall, upon vacation of the premises, the Lessee shall hand back the Leased Object leased object in a tidy, clean, and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation obligations under Clause Clauses 12 and 13 has have been met at normal intervals during the Lease Termmet, the Lessor lessor accepts ordinary wear and tear until vacation of the premises. Any As far as any changes made by the Lessee lessee during the Lease Term lease term are governed by concerned, reference is made to the regulations in Clause 15. (3) The Lessor may repair any Any defects not repaired by the Lessee, lessee can be repaired by the lessor for the account of the Lesseelessee. If the Lessor lessor does not make such repairs, the Lessee lessee shall nevertheless compensate the Lessor lessor for the costs that would have been incurred if such repairs had been made, made (irrespective of the use of the Leased Object leased object following the vacation of the premises). (4) A joint inspection shall be conducted by the Lessee lessee and the Lessor lessor well ahead of the end expiry date of the Lease Term lease to agree determine any work that shall has to be carried out in order to bring the Leased Object leased object into the state required when it is vacatedhanded back. (5) The Lessor lessor shall be entitled, for the last 12 5 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object leased object will become available for rent. The Lessee lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object leased object for 3 days per week during ordinary office/business hours. (6) The Lessee lessee shall remove its possessions at its own expense no later than on the last day of the Lease Termlease term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessorlessor after 14 days. The Lessor may discard or remove any Any rubbish and possessions that the Lessee has left behind, lessor does not wish to keep may be discarded or removed by the lessor for the account of the Lesseelessee.

Appears in 1 contract

Samples: Standard Lease for Commercial Buildings

VACATION OF THE PREMISES. (1) Upon vacation of the premises, the Lessor shall immediately be granted access to the Leased Object. (2) Exclusive Area. Upon vacation of the premises, the Lessee shall hand back return the Leased Object in a tidy, clean, tidy and otherwise contractual clean state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passes. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Term, the Lessor accepts ordinary wear and tear until vacation of the premises. Any changes made by the Lessee during the Lease Term are governed by the regulations in Clause 15. (3) The Lessor may repair any defects not repaired by the Lessee, for the account of the Lessee17. If the Lessor does not make such repairs, the Lessee shall nevertheless compensate the Lessor for the costs that would have been incurred if such repairs had been made, irrespective of the use of the Leased Object following the Upon vacation of the premises. (4) A joint inspection shall be conducted by , the Lessor may charge the Lessee for the cost of repairing any damage and the Lessor well ahead cost of the end of the Lease Term to agree any work additional cleaning that shall may be carried out in order to bring the Leased Object into the state required when it is vacated. (5) required. The Lessor shall be entitled, for the last 12 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object will become available for rent. The Lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object Exclusive Area for 3 days per week during ordinary office/business hours. (6) . The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessor. The Lessor may discard or remove any rubbish and possessions that the Lessee has left behind, for the account of the Lessee. REGISTRATION/GRANTING OF SECURITY INTERESTS The lease shall not be registered in the Register of Land Titles and Land Charges without the prior written consent of the Lessor. Consent shall not be withheld without just cause. A lease thus registered shall have no right of priority advancement, and shall concede priority to any new monetary encumbrances that the Lessor may arrange to have registered on the Property. The Lessee shall assist with the implementation of such priority concession. The Lessee grants the Lessor an irrevocable authorisation to delete such lease registration on the expiry date of the lease. Any costs associated with such registration and deregistration of the lease shall be for the account of the Lessee. No security interest shall be granted in the lease without the prior written consent of the Lessor. Consent shall not be withheld without just cause. The Lessor may make such granting of a security interest subject to conditions. The Lessee grants the Lessor an irrevocable authorisation to delete such security interests on the expiry date of the lease. SUBLEASE Sublease of the Leased Object, in full or in part, shall not be permitted without the prior written consent of the Lessor. Consent shall not be withheld without just cause. Any increased Value Added Tax burden on the part of the Lessor as the result of the sublease would always constitute just cause, unless the Lessee undertakes to indemnify the Lessor for any loss and costs incurred by the Lessor as the result of the sublease in accordance with Clause 10, and furnishes what is deemed by the Lessor to be adequate collateral in respect of its obligations. Furthermore, maintaining the activity profile/activity mix of the Property shall also constitute such just cause. A failure to respond to an application for consent under the provisions of this Clause 24 shall not be construed as consent.

Appears in 1 contract

Samples: Lease Agreement

VACATION OF THE PREMISES. (1) Upon vacation 14.1 The Lessee undertakes, upon the expiration of the premisesLease Term or the termination of the Lease and/or the rescission of this Contract for any reason, to vacate the Premises and surrender possession thereof to the Lessor, the Lessor shall immediately be granted access Premises being clear and vacant of any person and thing belonging to the Leased Object. (2) Upon vacation of the premisesLessee, in clean and orderly condition as the Lessee shall hand back received the Leased Object in a tidysame from the Lessor, clean, subject to fair wear and otherwise contractual state, with all windowpanes intact, and maintained in accordance with standards of good craftsmanship, and with all keys/entrance passestear. If the maintenance obligation under Clause 13 has been met at normal intervals during the Lease Term, Should the Lessor accepts ordinary wear demand, as stated in clause 7.6 above, that supplementary works, alterations and tear until vacation of the premises. Any changes additions that have been made by the Lessee during in the Lease Term are governed Premises, if at all, will be left by it at the regulations in Clause 15. (3) The Lessor may repair Premises, then any defects not repaired improvement, enhancement, addition which is permanently affixed to the Premises – even if these were installed and added to the Premises by and at the expense of the Lessee, for will be left by the account Lessee at the Premises. 14.2 In the event of the Lessee. If Lessee failing to vacate the Premises on the date specified above, then, in addition to the Lessor’s right to sxx for eviction from the Premises, and in addition to any other right that the Lessor does not make such repairsmay have according to this Contract or at law, and without derogating from any right or relief conferred upon the Lessor stated above, the Lessee shall nevertheless compensate will pay the Lessor for the costs that period commencing on the date it ought to have vacated the Premises until the date on which it vacates the Premises, an amount equal to twice the amount of the rent, plus interest on arrears according to clause 9.2 above, and Value Added Tax, computed on a daily basis, from the date of creation of the liability to pay until the full and actual payment to the Lessor, and which would have been incurred if such repairs payable according to this Contract had the Lease been made, irrespective extended according to the conditions hereof. The above payment has been set and agreed as proper user fees and/or fixed and pre-agreed damages as estimated in advance by the parties in accordance with their prior calculations. 14.3 It is hereby stipulated and agreed between the parties that nothing contained above in this clause shall confer upon the Lessee any right to continue to occupy the Premises (against payment of the use agreed compensation) and/or constitute any waiver on the part of the Leased Object following Lessor of any of its rights and/or derogate from the vacation Lessor’s right to obtain any other remedy or relief, including, but without derogating from the generality of the premises. (4) A joint inspection shall be conducted by foregoing, the ejection or removal of the Lessee and from the Lessor well ahead of the end of the Lease Term to agree any work that shall be carried out in order to bring the Leased Object into the state required when it is vacatedPremises. (5) The Lessor shall be entitled, for the last 12 months before vacation of the premises, to erect signs on the frontage with information to the effect that the Leased Object will become available for rent. The Lessee shall, during the same period and by prior notice, grant prospective lessees access to the Leased Object for 3 days per week during ordinary office/business hours. (6) The Lessee shall remove its possessions at its own expense no later than on the last day of the Lease Term. Any possessions that have not been removed are deemed to have been abandoned, and shall accrue to the Lessor. The Lessor may discard or remove any rubbish and possessions that the Lessee has left behind, for the account of the Lessee.

Appears in 1 contract

Samples: Lease Contract (Orthodontix Inc)

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