Common use of IMPROVEMENTS BY LESSEE Clause in Contracts

IMPROVEMENTS BY LESSEE. Lessee shall have the right to make such alterations, additions, or improvements in or to the Leased Premises as it shall consider necessary or desirable for the conduct of its business, subject to approval of Lessor in advance which approval shall not be unreasonably withheld or delayed, provided that all such work is done in a good and workmanlike manner, and the structural integrity of any building shall not be impaired, and that no liens shall attach to the Leased Premises by reason thereof Upon the termination of this Lease such alterations, additions, or improvements shall, at the option of the Lessee, (1) become the property of Lessor, or (2) be removed by the Lessee provided that any part of the Leased Premises affected by such removal shall be restored to its original condition, reasonable wear and tear excepted.

Appears in 1 contract

Sources: Lease (Mariner Capital Trust)

IMPROVEMENTS BY LESSEE. Lessee shall have the right to make such alterations, additions, or improvements in or to the Leased Premises as it shall consider necessary or desirable for the conduct of its business, subject to approval of Lessor in advance which approval shall not be unreasonably withheld or delayed, provided that all such work is done in a good and workmanlike manner, and the structural integrity of any building shall not be impaired, and that no liens shall attach to the Leased Premises by reason thereof thereof. Upon the termination of this Lease such alterations, additions, or improvements shall, at the option of the Lessee, (1) become the property of Lessor, or (2) be removed by the Lessee provided that any part of the Leased Premises affected by such removal shall be restored to its original condition, reasonable wear and tear excepted.

Appears in 1 contract

Sources: Lease Agreement (Mariner Capital Trust)