Examples of Trade Fixture in a sentence
For purposes of this Lease Agreement, a Trade Fixture is defined as personal property used by the Lessee in the conduct of its business and includes items such as, but not limited to, shelves and reception counters.
Landlord shall, at its expense, use reasonable efforts to repair and restore the Premises and/or the Property, as the case may be, to substantially their former condition to the extent permitted by then applicable Laws; provided, however, that in no event shall Landlord have any obligation for repair or restoration beyond the extent of insurance proceeds received by Landlord for such repair or restoration, or for any of Tenant’s personal property, Trade Fixture or Alterations.
If Tenant fails to repair any damage caused by the removal of any Trade Fixture to Landlord’s satisfaction, then Landlord may enter the Premises and make the repairs and Tenant shall reimburse Landlord for all costs incurred, including overhead and administrative costs, upon demand.
Throughout the Lease Term, Tenant may provide and install, and shall maintain in good condition, any Trade Fixtures required in the conduct of its business in the Premises, except to the extent any Trade Fixture will constitute a Tenant Alteration, in which case it shall be subject to the requirements set forth below for the construction of a Tenant Alteration.
The proceeds from any such insurance shall be used by Lessee for the replacement of personal property, Trade Fixture and Lessee Owned Alterations and Utility Installations.