Removal Property definition
Examples of Removal Property in a sentence
In addition, Landlord may delete and eliminate from such New Lease such provisions herein as it elects, provided such deletion and elimination do not in any material respect affect any of the obligations, liabilities, rights or remedies of Tenant under such New Lease with respect to the affected Removal Property.
Tenant’s Proportionate Share with respect to each Removal Property shall continue to be calculated in the same manner with respect to such Removal Property as provided in this Master Lease.
The initial Base Rent for each Removal Property shall be computed in accordance with Schedule 2 to the Side Letter with respect to the property release/recapture amount ascribed to such Removal Property under this Master Lease as of the Removal Date and thereafter shall be increased on the same basis as provided in this Master Lease.
Except as provided to the contrary in this Lease, Tenant shall have no obligation to remove Removal Property from the Premises, or perform Tenant’s Restoration Obligations therefrom, at the expiration or earlier termination of the Lease Term.
If the Premises shall be damaged by fire or other casualty, the Lease shall not terminate and, upon adjustment of insurance claims, Landlord shall repair the damage, provided that Landlord shall have no obligation to repair damage to or replace any Tenant’s Removal Property and/or any Inside Infrastructure and/or Outside Infrastructure (whether or not the same constitute Tenant Common Alterations).
Tenant shall also be required to remove Tenant's Removal Property in accordance with Article 9.
If this Lease shall not be terminated pursuant to Section 12.2, Landlord shall thereafter use due diligence to restore the Premises (excluding any Tenant's Removal Property) to proper condition for Tenant's use and occupation, provided that Landlord's obligation shall be limited to the amount of insurance proceeds available therfor.
Effective as of the removal of any Removal Property from this Lease, Tenant shall have no further obligations or liabilities under this Lease with respect to such Removal Property, except those obligations and liabilities that expressly survive as provided in this Lease (including, without limitation, as set forth in Section 7.01 and Section 13.03).
On the expiration or earlier termination hereof, ▇▇▇▇▇ shall at its sole cost and expense remove that portion of the Personal Property described in EXHIBIT "3" to this License Agreement ("Removal Property").
Effective as of the removal of any Removal Property from this Lease, Tenant shall have no further obligations or liabilities under this Lease with respect PHIL1 681004v.14 to such Removal Property, except those obligations and liabilities that expressly survive as provided in this Lease (including, without limitation, as set forth in Section 7.01 and Section 13.03).