Common use of Surrender and Removal Clause in Contracts

Surrender and Removal. Upon expiration of the Term, or in the event that this Agreement is terminated, Tenant shall peaceably leave the Leased Property and deliver possession of the Leased Property to Land Owner, except that Tenant shall have the right to enter the Leased Property at any and all times within a ninety (90) day period (the “Removal Period”) following the date of expiration or termination, with workers, equipment, and materials, for the sole purpose of removing Tenant’s buildings or othe ▇▇▇▇▇▇ improvements from the Leased Property. Any such entry and removal shall be done in compliance with all applicable laws and regulations, shall be at Tenant’s sole risk, and Land Owner shall have no obligation to secure the Tenant’s property from theft or damage. Any buildings, improvements and personal property not removed from the Leased Property by the expiration of the Removal Period shall become the property of Land Owner without further notice, documentation, or action, and Tenant shall not be entitled to any compen sationcompensation for the same, and Land Owner, at its option, may elect to make any use of the buildings, structures and improvements hereby transferred, including (i) demolition and removal, (ii) re-letting, or (iii) sale to a third party free of all claims of Tenant. If Land Owner arranges to complete the removal of such buildings, structures, improvements, and personal property, Land Owner is hereby entitled to full compensation from the Tenant for all costs and expenses incurred in undertaking such activities and the Tenant will pay such amounts to the Land Owner within five days after the Land Owner gives notice of it incurring such costs and expenses. This paragraph will survive the termination of this Agreement for any reason.

Surrender and Removal. Upon expiration of the Term, or in the event that this Agreement is terminated, Tenant shall peaceably leave the Leased Property and deliver possession of the Leased Property to Land Owner, except that Tenant shall have the right to enter the Leased Property at any and all times within a ninety (90) day period (the “Removal Period”) following the date of expiration or termination, with workers, equipment, and materials, for the sole purpose of removing Tenant’s buildings or othe ▇▇▇▇▇▇ other improvements from the Leased Property. Any such entry and removal shall be done in compliance with all applicable laws and regulations, shall be at Tenant’s sole risk, and Land Owner shall have no obligation to secure the Tenant’s property from theft or damage. Any buildings, improvements and personal property not removed from the Leased Property by the expiration of the Removal Period shall become the property of Land Owner without further notice, documentation, or action, and Tenant shall not be entitled to any compen sationcompensation compensation for the same, and Land Owner, at its option, may elect to make any use of the buildings, structures and improvements hereby transferred, including (i) demolition and removal, (ii) re-letting, or (iii) sale to a third party free of all claims of Tenant. If Land Owner arranges to complete the removal of such buildings, structures, improvements, and personal property, Land Owner is hereby entitled to full compensation from the Tenant for all costs and expenses incurred in undertaking such activities and the Tenant will pay such amounts to the Land Owner within five days after the Land Owner gives notice of it incurring such costs and expenses. This paragraph will survive the termination of this Agreement for any reason.