Common use of Premises Improvements Clause in Contracts

Premises Improvements. All improvements to the Premises (collectively, “Premises Improvements”) shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. However, Landlord, by written notice to Tenant within 30 days prior to the Termination Date, may require Tenant to remove, at Tenant’s expense: (1) Cable (defined in Section 9.A) installed by or for the exclusive benefit of Tenant and located in the Premises or other portions of the Building; and (2) any Premises Improvements that are performed by or for the benefit of Tenant that Tenant is required to remove pursuant to notice given by Landlord to Tenant at least 10 days prior to expiration of the Term (collectively referred to as “Required Removables”). Without limitation, it is agreed that Required Removables include internal stairways, raised floors, personal baths and showers, vaults, rolling file systems and structural alterations and modifications of any type. The Required Removables designated by Landlord shall be removed by Tenant before the Termination Date. Tenant shall repair damage caused by the installation or removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in a timely manner, Landlord, at Tenant’s expense, may remove and dispose of the Required Removables and perform the required repairs. Tenant, within 10 days after receipt of an invoice, shall reimburse Landlord for the reasonable costs incurred by Landlord.

Appears in 2 contracts

Sources: Office Lease Agreement (GoPro, Inc.), Office Lease Agreement (GoPro, Inc.)

Premises Improvements. All improvements to the Premises (collectively, “Premises Improvements”) shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. However, Landlord, by written notice to Tenant at the time Landlord approves (or if Landlord’s approval was not necessary, within 30 thirty (30) days prior to of Landlord’s knowledge) of the Termination Dateinstallation of any Premises Improvement or Alteration (defined below) , may require Tenant to remove, at Tenant’s expense: (1) Cable (defined in Section 9.A) installed by or for the exclusive benefit of Tenant and located in the Premises or other portions of the Building; and (2) expense any Premises Improvements or Alterations that are performed by or for the benefit of Tenant that Tenant is required to remove pursuant to notice given by Landlord to Tenant at least 10 days prior to expiration of the Term (collectively referred to as “Required Removables”). Without limitationIn the event Landlord desires that a Premises Improvement which is part of the initial Tenant Improvements constructed by Tenant be a Required Removable, it is agreed that then Landlord shall designate such as a Required Removables include internal stairways, raised floors, personal baths and showers, vaults, rolling file systems and structural alterations and modifications Removable at the time Landlord approves of any typeTenant’s Space Plan (defined in the Work Letter). The Required Removables designated by Landlord shall be removed by Tenant before the Termination Date. Tenant shall repair damage caused by the installation or removal of Required Removables. If Tenant fails to remove any Required Removables or perform related repairs in a timely manner, Landlord, at Tenant’s expense, may remove and dispose of the Required Removables and perform the required repairs. Tenant, within 10 ten (10) days after receipt of an invoice, shall reimburse Landlord for the reasonable costs incurred by Landlord.

Appears in 1 contract

Sources: Lease Agreement (Vivani Medical, Inc.)