Common use of Condition of the Subleased Premises Clause in Contracts

Condition of the Subleased Premises. On the Effective Date, Subtenant shall accept the Subleased Premises and the business personal property located therein (“Existing Personalty”) in “as is” “where is” condition, and with all such Existing Personalty to remain in the Subleased Premises at the end of the Sublease Term. Throughout the Sublease Term, Subtenant shall maintain the Subleased Premises and such Existing Personalty in its condition as of the Effective Date, ordinary wear and tear excepted. At the end of the Sublease Term, if Subtenant is not in default of the Sublease at the end of the Term, Subtenant shall have the right to purchase from Sublandlord the following items upon the execution of a furniture conveyance and bill of sale for Existing Personalty and the exchange of consideration in the amount of Ten Dollars 00/100 ($10.00): all workstations, private office furniture, ancillary furniture and AV equipment existing in the Subleased Premises on the Effective Date. Prior to the Effective Date, Sublandlord shall remove the following from the Subleased Premises: 2 high top tables, 4 bar stools, 2 seated height tables, 8 chairs, 2 filing cabinets, and proprietary artwork. All workstations, private office furniture, ancillary furniture and AV equipment existing in the Subleased Premises on the Effective Date shall remain in, on or affixed to Subleased Premises, at Subtenant’s discretion.