Common use of Installation of Property Clause in Contracts

Installation of Property. Landlord shall have no interest in any removable equipment, furniture or trade fixtures owned by Tenant or installed in or upon the Premises solely at the cost and expense of Tenant (the “Tenant’s Property”). Prior to creating or Landlord’s Initials Tenant’s Initials permitting the creation of any lien or security or reversionary interest in any removable personal property to be placed in or upon the Premises, Tenant shall obtain for the benefit of Landlord and shall deliver to Landlord the written agreement of the party holding such interest to make such repairs necessitated by the removal of such property and any damage resulting therefrom as may be necessary to restore the Premises to good condition and repair, excepting only reasonable wear and tear, in the event said property is thereafter removed from the Premises by said party, or by any agent or representative thereof or purchaser therefrom, pursuant to the exercise or enforcement of any rights incident to the interest so created, all without any cost or expense to Landlord.

Appears in 1 contract

Sources: Multi Tenant Industrial Lease (Resonant Inc)

Installation of Property. Landlord shall have no interest in any removable equipment, furniture or trade fixtures owned by Tenant or installed in or upon the Premises solely at the cost and expense of Tenant (the “Tenant’s Property”). Prior to creating or Landlord’s Initials Tenant’s Initials permitting the creation of any lien or security or reversionary interest in any removable personal property to be placed in or upon the Premises, Tenant shall obtain for the benefit of Landlord and shall deliver to Landlord the written DOCSSB/108279v20/100382-1006 agreement of the party holding such interest to make such repairs necessitated by the removal of such property and any damage resulting therefrom as may be necessary to restore the Premises to good condition and repair, excepting only reasonable wear and tear, in the event said property is thereafter removed from the Premises by said party, or by any agent or representative thereof or purchaser therefrom, pursuant to the exercise or enforcement of any rights incident to the interest so created, all without any cost or expense to Landlord.

Appears in 1 contract

Sources: Multi Tenant Industrial Lease (Appfolio Inc)

Installation of Property. Landlord shall have no interest in any ------------------------ removable equipment, furniture or trade fixtures owned by Tenant or installed in or upon the Premises solely at the cost and expense of Tenant (Tenant, other than heating, ventilating and air-conditioning equipment installed in or affixed to the Premises, unless Landlord is given a lien in such personal property by Tenant’s Property”). Prior to creating or Landlord’s Initials Tenant’s Initials permitting the creation of any lien or security or reversionary interest in any removable personal property to be placed in or upon the Premises, Tenant shall obtain for the benefit of Landlord and shall deliver to Landlord the written agreement of the party holding such interest to make such repairs necessitated by the removal of such property and any damage resulting therefrom as may be necessary to restore the Premises to good condition and repair, excepting only reasonable wear and tear, in the event said such property thereafter is thereafter removed from the Premises by said party, party or by any its agent or representative thereof or a purchaser therefrom, therefrom pursuant to the exercise or enforcement of any rights incident to the interest so created, all without any cost or expense to Landlord.

Appears in 1 contract

Sources: Lease Agreement (Digital Sound Corp)