Property of Lessor Sample Clauses

The "Property of Lessor" clause establishes that certain items or assets provided by the lessor remain the lessor's property throughout the lease term. This typically applies to equipment, fixtures, or improvements installed by the lessor on the leased premises, regardless of their attachment to the property. By clarifying ownership, the clause prevents disputes over asset rights at the end of the lease and ensures that the lessee does not mistakenly claim or remove the lessor's property.
Property of Lessor. All alterations, additions, or improvements made by Lessee shall become the property of Lessor at the termination of this Lease. Lessor may, however, require that Lessee remove any or all alterations, additions, and improvements installed or made by Lessee, and any other property placed on the Premises by Lessee, upon termination of the Lease. In the event that Lessor requires Lessee to remove such alterations, additions, or improvements, Lessee shall repair any damage to the Premises caused by such removal.
View SourceView Similar (9)
Property of Lessor. All alterations, additions, or improvements made by Lessee shall at the option of Lessor become the property of Lessor at the termination of this Lease.
View SourceView Similar (5)
Property of Lessor. Except as otherwise provided for herein, all insurance proceeds in the hands of Lessor or its permanent lender or lenders at the time of the termination of this agreement, and all insurance proceeds thereafter received by Lessor or its permanent lender or lenders under any policy or insurance required to be procured and maintained by Lessor pursuant to the terms of this agreement, shall be the sole and exclusive property of the Lessor, subject to the rights of the Lessor’s permanent lender or lenders.
View SourceView Similar (2)
Property of Lessor. Unless otherwise agreed to in writing, all alterations, additions or improvements made by Lessee which become part of the structure and/or systems of the Leased Premises or the Building shall become the property of Lessor at the end of the Term hereof or any extension or upon prior termination and shall remain in and be surrendered with the Leased Premises, without disturbance or injury. Lessee, however, if not in default, may remove any other alterations, additions, improvements, appliances or equipment owned by Lessee which can be removed without damage or leaving incomplete the Leased Premises; provided, however, (and anything herein to the contrary notwithstanding) Lessee agrees to remove any and all alterations, additions, improvements, trade fixtures, appliances or equipment (including but not limited to: partitions, cabinets, shelving, drapes, shades, furniture, wiring, plumbing and other personal property in and about the Leased Premises) unless otherwise agreed in writing by Lessor at or before the construction and installation of the same.
View Source
Property of Lessor. The LESSOR is the owner of the Building to be acquired under a deed received by Maitre ▇▇▇▇▇▇ ▇▇▇▇▇▇-Mique, member of the notary partnership referred to as “Monassier and Associates” ▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ in Paris (75007) since 1 December 2006.
View Source
Property of Lessor. Absent a prior written agreement between Lessor and Lessee, any alterations, additions, or improvements made by Lessee shall become the property of Lessor at the termination of this Lease; however, Lessee shall promptly remove, if Lessor so elects, all alterations, additions, and improvement, and any other property placed in or on the Premises by Lessee, and Lessee shall repair any damage caused by such removal.
View Source
Property of Lessor. Subject to the provisions of article 15.2 hereinabove, if so required by Lessor, Lessee shall at its cost and at the termination date of this Lease or any renewal or extension thereof, remove any such alterations, repairs, or improvements from the Premises and repair any damage to -the Premises caused by such removal. Lessee’s obligations under this article 15.4 shall survive the expiration of the term or earlier termination of this Lease. The provisions of Article 1891 of the Civil Code of Quebec shall not apply to this Lease.
View Source
Property of Lessor. It is intended by Lessor and Lessee that the Maintenance Reserves are payable to Lessor in consideration for the continued use of the Aircraft by Lessee, and that such monies irrevocably and unconditionally shall be the property of Lessor. Lessee accordingly acknowledges that the Maintenance Reserves will be the sole property of Lessor and that Lessee will have no interest therein or any right to repayment thereof. Any reference in this Agreement, including Section 7.2 hereof, to Lessor paying amounts to Lessee by reference to the Maintenance Reserves shall be construed as and take effect as an independent and unsecured obligation of Lessor to pay such amount.
View Source

Related to Property of Lessor

  • Condition of Leased Property Tenant acknowledges receipt and delivery of possession of the Leased Property and Tenant accepts the Leased Property in its “as is” condition, subject to the rights of parties in possession, the existing state of title, including all covenants, conditions, restrictions, reservations, mineral leases, easements and other matters of record or that are visible or apparent on the Leased Property, all applicable Legal Requirements, the lien of any financing instruments, mortgages and deeds of trust existing prior to the Commencement Date or permitted by the terms of this Agreement, and such other matters which would be disclosed by an inspection of the Leased Property and the record title thereto or by an accurate survey thereof. TENANT REPRESENTS THAT IT HAS INSPECTED THE LEASED PROPERTY AND ALL OF THE FOREGOING AND HAS FOUND THE CONDITION THEREOF SATISFACTORY AND IS NOT RELYING ON ANY REPRESENTATION OR WARRANTY OF LANDLORD OR LANDLORD’S AGENTS OR EMPLOYEES WITH RESPECT THERETO AND TENANT WAIVES ANY CLAIM OR ACTION AGAINST LANDLORD IN RESPECT OF THE CONDITION OF THE LEASED PROPERTY. LANDLORD MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IN RESPECT OF THE LEASED PROPERTY OR ANY PART THEREOF, EITHER AS TO ITS FITNESS FOR USE, DESIGN OR CONDITION FOR ANY PARTICULAR USE OR PURPOSE OR OTHERWISE, AS TO THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, LATENT OR PATENT, IT BEING AGREED THAT ALL SUCH RISKS ARE TO BE BORNE BY TENANT. To the maximum extent permitted by law, however, Landlord hereby assigns to Tenant all of Landlord’s rights to proceed against any predecessor in interest or insurer for breaches of warranties or representations or for latent defects in the Leased Property. Landlord shall fully cooperate with Tenant in the prosecution of any such claims, in Landlord’s or Tenant’s name, all at Tenant’s sole cost and expense. Tenant shall indemnify, defend, and hold harmless Landlord from and against any loss, cost, damage or liability (including reasonable attorneys’ fees) incurred by Landlord in connection with such cooperation.

  • Student Data Property of LEA All Student Data transmitted to the Provider pursuant to the Service Agreement is and will continue to be the property of and under the control of the LEA. The Provider further acknowledges and agrees that all copies of such Student Data transmitted to the Provider, including any modifications or additions or any portion thereof from any source, are subject to the provisions of this DPA in the same manner as the original Student Data. The Parties agree that as between them, all rights, including all intellectual property rights in and to Student Data contemplated per the Service Agreement, shall remain the exclusive property of the LEA. For the purposes of FERPA, the Provider shall be considered a School Official, under the control and direction of the LEA as it pertains to the use of Student Data, notwithstanding the above.

  • Landlord’s Property All Alterations, improvements, fixtures, equipment and/or appurtenances which may be installed or placed in or about the Premises, from time to time, shall be at the sole cost of Tenant and shall be and become the property of Landlord; provided, however, Landlord may, by written notice to Tenant prior to the end of the Lease Term, or given following any earlier termination of this Lease, require Tenant, at Tenant’s expense, to remove any Alterations or improvements and to repair any damage to the Premises and Building caused by such removal and return the affected portion of the Premises to their condition existing prior to the installation of such Alterations or improvements or, at Landlord’s election, to a building standard tenant improved condition as determined by Landlord; provided; however, that notwithstanding the foregoing, upon request by Tenant at the time of Tenant’s request for Landlord’s consent to any Alteration or improvement, Landlord shall notify Tenant whether the applicable Alteration or improvement will be required to be removed pursuant to the terms of this Section 8.5. If Tenant fails to complete such removal and/or to repair any damage caused by the removal of any Alterations or improvements in the Premises and return the affected portion of the Premises to their condition existing prior to the installation of such Alterations or improvements or, if elected by Landlord, to a building standard tenant improved condition as determined by Landlord, prior to the expiration or earlier termination of this Lease, then Rent shall continue to accrue under this Lease in accordance with Article 16, below, after the end of the Lease Term until such work shall be completed, and Landlord shall have the right, but not the obligation, to perform such work and to charge the cost thereof to Tenant. Tenant hereby protects, defends, indemnifies and holds Landlord harmless from any liability, cost, obligation, expense or claim of lien, including but not limited to, court costs and reasonable attorneys’ fees, in any manner relating to the installation, placement, removal or financing of any such Alterations, improvements, fixtures and/or equipment in, on or about the Premises, which obligations of Tenant shall survive the expiration or earlier termination of this Lease.

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property:

  • Property Mortgaged Borrower does hereby irrevocably mortgage, grant, bargain, sell, pledge, assign, warrant, transfer and convey to Lender, and grant a security interest to Lender in, the following property, rights, interests and estates now owned, or hereafter acquired by Borrower (collectively, the "Property"):