Possession on Termination Sample Clauses

The 'Possession on Termination' clause defines the process by which possession of a property or asset is returned to the owner or transferred to another party when an agreement ends. Typically, this clause outlines the condition in which the property must be returned, any obligations for removal of personal items, and the timeline for vacating the premises. Its core function is to ensure a clear and orderly transition of possession at the end of a contract, preventing disputes over occupancy or property condition.
Possession on Termination. Tenant agrees to yield possession of the Land at the termination of the Lease. Tenant further agrees to pay, as liquidated damages for failure to vacate, the sum of double the per diem Rent per day for every day after the date of the termination of this Lease that occupancy is withheld.
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Possession on Termination. At the expiration of this Lease, or sooner termination thereof, the Tenant shall give possession of the Premises to the Landlord broom-clean and in the condition required to be maintained by Tenant under this Lease, casualty and condemnation excepted. Upon such surrender, Tenant shall deliver to Landlord all keys, codes, combinations and the like.
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Possession on Termination. At the expiration of this Lease, or sooner termination thereof, the Lessee shall give possession of the Leased Premises to the Lessor and in as good a condition as when Lessee commenced possession, usual wear and tear excepted.
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Possession on Termination. LESSEE hereby agrees and obligates itself that it will, upon the expiration of the primary term of this Lease, or any renewal thereof, surrender and deliver to COUNTY, peaceable possession of said land, cleared of all persons, goods and things not properly belonging to same, and in order and condition as when received, ordinary wear and tear excepted. Except for movable equipment and personal property, any permanent improvements, including buildings, placed upon the land by LESSEE shall remain with the land and become the property of COUNTY.
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Possession on Termination. Tenant covenants and agrees to and with Landlord that, upon cancellation or termination of this Lease, whether by lapse of time or because of any of the conditions, covenants, agreements, or other provisions contained herein, Tenant shall peaceably and quietly yield up and surrender possession to Landlord of the Premises and all improvements then standing thereon, in good order and condition, reasonable wear and tear and loss by casualty or condemnation excepted.
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Related to Possession on Termination

  • Survival on Termination The following Paragraphs and Articles shall survive the termination of this Agreement: (a) Article 4 (REPORTS, RECORDS AND PAYMENTS); (b) Paragraph 7.4 (Disposition of Licensed Products on Hand); (c) Paragraph 8.2 (Indemnification); (d) Article 9 (USE OF NAMES AND TRADEMARKS); (e) Paragraph 10.2 hereof (Secrecy); and (f) Paragraph 10.5 (Failure to Perform).

  • Compensation on Termination An Employee whose services have been terminated for any cause and who within three (3) months of separation is diagnosed by a physician as having tuberculosis, shall be entitled to the above compensation and the salary rate shall be based on the salary he was receiving at the time his services were terminated. The benefits of this provision may be extended for an additional three (3) months, provided that the former Employee concerned submits a x-ray plate taken within three (3) months after the termination of employment.

  • Termination on Notice The Province may terminate the Agreement at any time without liability, penalty, or costs upon giving at least 30 days’ Notice to the Recipient.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Term; Termination; Rights on Termination The term of this Agreement shall begin on the date hereof and continue for three (3) years, and, unless terminated sooner as herein provided, shall continue thereafter on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (such initial three year period and any extensions thereof being referred to herein as the "Term"). This Agreement and Employee's employment may be terminated in any one of the following ways: