Common use of Surrender and Holding Over Clause in Contracts

Surrender and Holding Over. ‌ Upon the expiration of the Lease Term, School shall deliver all keys to the Premises to Landlord and shall surrender the Premises to Landlord broom clean and in as good order and condition as existed on the Term Commencement Date, except for ordinary wear and tear and damage by fire or other casualty not caused by School, and loss due to condemnation or threat of condemnation. In the event School continues to occupy the Premises after the expiration of the Lease Term, such occupancy shall be considered a tenancy from month-to-month at a rent equal to the Base Rent and Monthly Fixed Reimbursable Expenses due for the last full calendar month of the Lease Term and such tenancy shall be upon and subject to all of the other terms, provisions, covenants and agreements set forth herein. Upon the expiration or termination of this Lease, School may remove, at its expense, any trade fixtures and unattached personal property previously placed in the Premises by School; but any damage to the Premises caused by such removal shall be repaired by School at the time of the removal. All other installations (including HVAC equipment, duct work, electric and water connections and electric lighting fixtures) and all repairs, Improvements, replacements and Alterations by School to the Premises, made by School shall, upon being installed, become the property of Landlord. However, School shall promptly remove any Alterations by School or Improvements to the Premises made by School without Landlord's prior written consent (or made with Landlord's consent, but subject to Landlord's right to require its removal) if requested to do so by Landlord, and shall repair any damage to the Premises resulting from such removal. Notwithstanding the foregoing, Landlord may only require the removal of Alterations by School, if School was so advised at the time Landlord approved said Alterations by School.

Surrender and Holding Over. ‌ Upon the expiration or earlier termination of the Lease Term, School shall deliver all keys to the Premises to Landlord and shall surrender the Premises to Landlord broom clean and in as good order and condition as existed on the Term Commencement Date, except for ordinary wear and tear and damage by fire or other casualty not caused by Schoolcasualty, and loss due to condemnation or threat of condemnation. In the event School continues to occupy the Premises after the expiration of the Lease Term, such occupancy shall be considered a tenancy from month-to-month at a rent equal to the Base Rent and Monthly Fixed Reimbursable Expenses due for the last full calendar month of the Lease Term Term, and such tenancy shall be upon and subject to all of the other terms, provisions, covenants and agreements set forth herein, including Section 3.4. Upon the expiration or termination of this Lease, School may shall remove, at its expense, any trade fixtures and unattached personal property previously placed of School in the Premises Premises, and those Improvements and Alterations by SchoolSchool which were paid for by School and which would violate the Anti-Donation Clause if they were to remain; but any damage to the Premises caused by such removal shall be repaired by School at the time of the removal. All other installations (including HVAC equipmentAlternatively, duct work, electric and water connections and electric lighting fixtures) and all repairs, Improvements, replacements and Landlord shall reimburse School for the fair market value of the Improvements or Alterations by School which violate the Anti-Donation Clause and which are to remain as determined by the Premises, made by School shall, upon being installed, become the property of LandlordNew Mexico Taxation and Revenue Department. However, School shall promptly remove any Alterations by School or All other Improvements to the Premises made by School without shall become the property of Landlord's prior written consent (or made with Landlord's consent, but subject to Landlord's right to require its removal) if requested to do so by Landlord, and shall repair any damage to the Premises resulting from such removal. Notwithstanding the foregoing, Landlord may only require the removal of Alterations by School, if School was so advised at the time Landlord approved said Alterations by School.

Surrender and Holding Over. ‌ Upon the expiration of the Lease Term, School shall deliver all keys to the Premises to Landlord and shall surrender the Premises to Landlord broom clean and in as good order and condition as existed on the Term Commencement Date, except for ordinary wear and tear and damage by fire or other casualty not caused by Schoolcasualty, and loss due to condemnation or threat of condemnation. In the event School continues to occupy the Premises after the expiration of the Lease Term, such occupancy shall be considered a tenancy from month-to-month at a rent equal to the Base Rent and Monthly Fixed Reimbursable Expenses due for the last full calendar month of the Lease Term Term, and such tenancy shall be upon and subject to all of the other terms, provisions, covenants and agreements set forth herein, including Section 3.05(b)(i). Upon the expiration or termination of this Lease, School may shall remove, at its expense, any trade fixtures and unattached personal property previously placed of School in the Premises Premises, and those Improvements and Alterations by SchoolSchool and which were paid for by School and which would violate the Anti-Donation Clause if they were to remain); but any damage to the Premises caused by such removal shall be repaired by School at the time of the removal. All other installations (including HVAC equipment, duct work, electric and water connections and electric lighting fixtures) and all repairs, Improvements, replacements and Alterations by School to the Premises, made by School shall, upon being installed, become the property of Landlord. HoweverAlternatively, Landlord shall reimburse School shall promptly remove any for the fair market value of the Improvements or Alterations by School or Improvements which violate the Anti-Donation Clause and which are to remain as determined by the Premises made by School without Landlord's prior written consent (or made with Landlord's consent, but subject to Landlord's right to require its removal) if requested to do so by Landlord, New Mexico Taxation and shall repair any damage to the Premises resulting from such removal. Notwithstanding the foregoing, Landlord may only require the removal of Alterations by School, if School was so advised at the time Landlord approved said Alterations by SchoolRevenue Department.

Surrender and Holding Over. ‌ Upon the expiration of the Lease Term, School shall deliver all keys to the Premises to Landlord and shall surrender the Premises to Landlord broom clean and in as good order and condition as existed on the Term Commencement Date, except for ordinary wear and tear and damage by fire or other casualty not caused by Schoolcasualty, and loss due to condemnation or threat of condemnation. In the event School continues to occupy the Premises after the expiration of the Lease Term, such occupancy shall be considered a tenancy from month-to-month at a rent equal to the Base Rent and Monthly Fixed Reimbursable Expenses Additional Rent due for the last full calendar month of the Lease Term Term, and such tenancy shall be upon and subject to all of the other terms, provisions, covenants and agreements set forth herein, including Section 3.05(b)(i). Upon the expiration or termination of this Lease, School may shall remove, at its expense, any trade fixtures and unattached personal property previously placed of School in the Premises Premises, and those Improvements and Alterations by SchoolSchool which were paid for by School and which would violate the Anti-Donation Clause if they were to remain; but any damage to the Premises caused by such removal shall be repaired by School at the time of the removal. All other installations (including HVAC equipment, duct work, electric and water connections and electric lighting fixtures) and all repairs, Improvements, replacements and Alterations by School to the Premises, made by School shall, upon being installed, become the property of Landlord. HoweverAlternatively, Landlord shall reimburse School shall promptly remove any for the School Lien Value of the Improvements or Alterations by School or Improvements which are to the Premises made by School without Landlord's prior written consent (or made with Landlord's consent, but subject to Landlord's right to require its removal) if requested to do so by Landlord, and shall repair any damage to the Premises resulting from such removal. Notwithstanding the foregoing, Landlord may only require the removal of Alterations by School, if School was so advised at the time Landlord approved said Alterations by Schoolremain.

Surrender and Holding Over. ‌ Upon the expiration of the Lease Term, School shall deliver all keys to the Premises to Landlord and shall surrender the Premises to Landlord broom clean and in as good order and condition as existed on the Term Commencement Date, except for ordinary wear and tear and damage by fire or other casualty not caused by Schoolcasualty, and loss due to condemnation or threat of condemnation. In the event School continues to occupy the Premises after the expiration of the Lease Term, such occupancy shall be considered a tenancy from month-to-month at a rent equal to the Base Rent and Monthly Fixed Reimbursable Expenses due for the last full calendar month of the Lease Term Term, and such tenancy shall be upon and subject to all of the other terms, provisions, covenants and agreements set forth herein, including Section 3.04. Upon the expiration or termination of this Lease, School may shall remove, at its expense, any trade fixtures and unattached personal property previously placed of School in the Premises Premises, and those Improvements and Alterations by SchoolSchool which were paid for by School and which would violate the Anti-Donation Clause if they were to remain; but any damage to the Premises caused by such removal shall be repaired by School at the time of the removal. All other installations (including HVAC equipmentAlternatively, duct work, electric and water connections and electric lighting fixtures) and all repairs, Improvements, replacements and Landlord shall reimburse School for the fair market value of the Improvements or Alterations by School which violate the Anti-Donation Clause and which are to remain as determined by the Premises, made by School shall, upon being installed, become the property of LandlordNew Mexico Taxation and Revenue Department. However, School shall promptly remove any Alterations by School or All other Improvements to the Premises made by School without shall become the property of Landlord's prior written consent (or made with Landlord's consent, but subject to Landlord's right to require its removal) if requested to do so by Landlord, and shall repair any damage to the Premises resulting from such removal. Notwithstanding the foregoing, Landlord may only require the removal of Alterations by School, if School was so advised at the time Landlord approved said Alterations by School.